From real.estate.professor at hotmail.com  Fri May  1 10:46:50 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Fri, 1 May 2009 09:46:50 -0500
Subject: [5-DayForum] agent calls
In-Reply-To: <SNT116-W9D4A1AE49F205C66E87EBAE6C0@phx.gbl>
References: <BLU112-W1110BEDF312632855D5A49B46E0@phx.gbl>
	<BLU122-W541822063B16FE71829984B46F0@phx.gbl> 
	<SNT116-W9D4A1AE49F205C66E87EBAE6C0@phx.gbl>
Message-ID: <BLU122-W306C4608E3F7495894BD5AB46D0@phx.gbl>


No ...

 

Kyle Cascioli

www.AuctionBySeller.com 
 


From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Thu, 30 Apr 2009 22:30:03 +0000
Subject: Re: [5-DayForum] agent calls



All the calls (but 1) I have gotten so far are from agents wanting to list. Do I count them for the 25?
 
The other call had to have been from a drive-by, I hae a "or sale" sign in the yard, and she asked about the house on Fruit Tree for rent...
Does that get counted? 
JCrafor



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From aznaflygirl at cox.net  Fri May  1 02:13:08 2009
From: aznaflygirl at cox.net (Tammy Mlecko)
Date: Thu, 30 Apr 2009 23:13:08 -0700
Subject: [5-DayForum] Craigs list header
Message-ID: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>

Hi everyone,

I'm new to the forum and have been reading the book and comments  
here.  When one goes to advertise on, say, Craigslist, how do you post  
a thread to get the attention of the potential buyers of your 5 day  
sale?  Most of the ads posted are by real estate agents.  I guess the  
same would apply to the local papers in the housing section and place  
an ad just as Bill has in his example in the book.  Some local papers  
only go out on Wed and Friday, so the full 5 day running time would  
actually be 2 days.  Anyone in the Phoenix, AZ area doing or have done  
a successful 5 day sale, I would like to pick your brain on how it all  
worked out (good and bad).

Thanks for your time.
Tammy

From ddabiz at gmail.com  Tue May  5 17:16:25 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Tue, 5 May 2009 17:16:25 -0400
Subject: [5-DayForum] Where to advertise?
Message-ID: <eff2c1030905051416v2b17279fke7f2106f4498fb48@mail.gmail.com>

Does anyone have the best on-line sites to post an ad for the 5-day sale?
Ones that got the most responses...

Thanks,
Debi
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From skyhighplanning at gmail.com  Wed May  6 11:07:17 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Wed, 6 May 2009 11:07:17 -0400
Subject: [5-DayForum] Inspector
In-Reply-To: <3C57FDEC70124283BDB1560BFCE580C3@Main>
References: <3C57FDEC70124283BDB1560BFCE580C3@Main>
Message-ID: <7A1C1FD9-D779-4ED8-89B3-3E0F61DFB84B@gmail.com>

That inspector might not have been re right one but you also should  
consider that you didn't have to explain what the purpose was.   
There's nothing wrong with you, as homeowner,  wanting to PAY for an  
inspection of your home.

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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On Apr 21, 2009, at 11:28 AM, "bvgore" <bvgore at insightbb.com> wrote:

> What does anybody make of this?
>
>  We recently arranged for a pre-sale inspection by a local inspector  
> in our town (Lexington, KY). who had conducted the inspection on our  
> home 4 years ago. Our sale will take place May 30-31. When the  
> inspector learned of the purpose of the inspection, he refused to  
> inspect our home unless we agreed that the inspection report would  
> not be shown to anyone else! We politely showed him the door. We are  
> in the process of lining up another inspector but wondered if anyone  
> had encountered this before and, if so, what does this mean?
>
> Brad & Valerie Gore
> Lexington, KY
> _______________________________________________
> 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  Wed May  6 16:25:24 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 6 May 2009 20:25:24 +0000
Subject: [5-DayForum] Craigs list header
In-Reply-To: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
Message-ID: <SNT116-W31C241A06F3C82F5A6A7B6AE660@phx.gbl>


I'm in Tucson.  I just posted the lower price , and a catchy heading. The body shows the sale information.

FWIW, I did see a few headings, "OPEN HOUSE" , "MAKE OFFER Sat/Sun" etc
In the body of one, the poter had "Come place a bid" or some such. I will be doing another one in a week or so, I had to cancel the one I had planned--no response. I have it listed on Craigslist now at market value, and will remove it tomorrow, and post the 5 Day Sale info instead, and the lower price.

 

I thought the ads were mostly agents, but there is a drop down menue on one of the pages that lets you go to FSBO's only. That was a happy accident.

My house did not sell.

JCrafor

 

> From: aznaflygirl at cox.net
When one goes to advertise on, say, Craigslist, how do you post 
> a thread to get the attention of the potential buyers of your 5 day 
> sale? Most of the ads posted are by real estate agents. 

 

 

 Anyone in the Phoenix, AZ area doing or have done 
> a successful 5 day sale, I would like to pick your brain on how it all 
> worked out (good and bad).
> 
> Thanks for your time.
> Tammy
> _______________________________________________
> 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  Wed May  6 16:34:58 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 6 May 2009 20:34:58 +0000
Subject: [5-DayForum] Inspector
In-Reply-To: <7A1C1FD9-D779-4ED8-89B3-3E0F61DFB84B@gmail.com>
References: <3C57FDEC70124283BDB1560BFCE580C3@Main>
	<7A1C1FD9-D779-4ED8-89B3-3E0F61DFB84B@gmail.com>
Message-ID: <SNT116-W19D845D32621476A7FBDCAAE660@phx.gbl>



 When I told MY inspector, HE said that their company includes a coupon in the report, and if the buyer wanted to have a follow-up inspection done, s/he could use the coupon, 10% off regular price, I think.

Good inspection, good report. Be careful to get one certified to certain standards. . (Maybe that's only tucson, or AZ, however.)

JCrafor


From: skyhighplanning at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wed, 6 May 2009 11:07:17 -0400
Subject: Re: [5-DayForum] Inspector


That inspector might not have been re right one but you also should consider that you didn't have to explain what the purpose was.  There's nothing wrong with you, as homeowner,  wanting to PAY for an inspection of your home.

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


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On Apr 21, 2009, at 11:28 AM, "bvgore" <bvgore at insightbb.com> wrote:





What does anybody make of this?
 
 We recently arranged for a pre-sale inspection by a local inspector in our town (Lexington, KY). who had conducted the inspection on our home 4 years ago. Our sale will take place May 30-31. When the inspector learned of the purpose of the inspection, he refused to inspect our home unless we agreed that the inspection report would not be shown to anyone else! We politely showed him the door. We are in the process of lining up another inspector but wondered if anyone had encountered this before and, if so, what does this mean?
 
Brad & Valerie Gore
Lexington, KY

_______________________________________________
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  Wed May  6 17:09:39 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 6 May 2009 21:09:39 +0000
Subject: [5-DayForum] Finished the Sale this weekend ... now dilemma
In-Reply-To: <ec10896a0904271933o30f773b5j2318c9412e66c402@mail.gmail.com>
References: <ec10896a0904271933o30f773b5j2318c9412e66c402@mail.gmail.com>
Message-ID: <SNT116-W41A5AEC40A6955F709FDD6AE660@phx.gbl>


I don't think you're being unfair. He couldn't get the funds, she did. A bird in the hand is worth 2 in the bush. Who's to say he will get the money? Him? Who told you the bank wouldn't release it, him or an officer at t he bank? You told him: I would also call the runner up and tell her that if whoever got me the funds first gets the deal." that's fair to you.

Go with her. She has the money, he doesn't, and you're selling a house. 

JCrafor
 


Date: Mon, 27 Apr 2009 21:33:31 -0500
First a quick summary of what I did:


 the last one standing was going to meet me today at the title company to deliver a check and sign the contract.  He couldn't get funds at the last minute (literally 14 minutes before he was supposed to meet me at the title company he found out his bank would not release the funds for 3-5 days).  I thought about it and told him that I will give him a couple of hours to figure out the funding situation and that I would also call the runner up and tell her that if whoever got me the funds first gets the deal.  

In the meantime, I called the runner up and she said she will work on getting the EMD funds together.  Less than an hour later she calls and tells me she's got the funds taken care of for EMD and can meet me first thing in the morning.  

He's still working on it and feels "shorted".  I have not been able to speak with him to tell him that I am giving the deal to the runner up who will show up tomorrow to the Title Company with a certified check.  I've left a message (his phone is on the fritz also).  

So, now I feel a little torn ... they are only $500 apart (not a huge deal breaker), but am I being unfair?  Pre-emptive? Any thoughts?  Words of advice?  Anyone have an experience like this before?





   

 
 
 
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From jcrafor at hotmail.com  Wed May  6 17:16:16 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 6 May 2009 21:16:16 +0000
Subject: [5-DayForum] Problem with pricing online listings
In-Reply-To: <20090421114155.63326326787@ws1-8.us4.outblaze.com>
References: <20090421114155.63326326787@ws1-8.us4.outblaze.com>
Message-ID: <SNT116-W51B958E209E84D8D272126AE660@phx.gbl>


Put it at the price you think is right, and headline it with MOVE IN READY, FSBO, or, NOT A FIXER-UPPER, or  NOT REO, or BRING YOUR SUITCASE, IT'S READY TO MOVE INTO. 
 

> From: norogers at iname.com
I can expect my house to sell for is $320k and it would be a steal at $250k, which would make my starting price $149,500. There are only 5 styles of homes in my area and the market values are well known. 

I fear that if I start below $200k, online buyers will filter out my home in their search criteria because they think it is a fixer-upper.
> 
> What price would you list the home at?


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From real.estate.professor at hotmail.com  Fri May  8 11:25:15 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Fri, 8 May 2009 10:25:15 -0500
Subject: [5-DayForum] Inspector
In-Reply-To: <3C57FDEC70124283BDB1560BFCE580C3@Main>
References: <3C57FDEC70124283BDB1560BFCE580C3@Main>
Message-ID: <BLU122-W427153B3F53D74A8973FEDB4640@phx.gbl>


Have never had an inspector object to use of inspection for 5 Day Sale purposes.

 

Did he/she explain the nature of their objection?

 

Kyle Cascioli

www.AuctionBySeller.com 
 


From: bvgore at insightbb.com
To: 5-dayforum at howtosellyourhomein5days.com
Date: Tue, 21 Apr 2009 11:28:34 -0400
Subject: [5-DayForum] Inspector




What does anybody make of this?
 
 We recently arranged for a pre-sale inspection by a local inspector in our town (Lexington, KY). who had conducted the inspection on our home 4 years ago. Our sale will take place May 30-31. When the inspector learned of the purpose of the inspection, he refused to inspect our home unless we agreed that the inspection report would not be shown to anyone else! We politely showed him the door. We are in the process of lining up another inspector but wondered if anyone had encountered this before and, if so, what does this mean?
 
Brad & Valerie Gore
Lexington, KY
_________________________________________________________________
Windows Live?: Keep your life in sync.
http://windowslive.com/explore?ocid=TXT_TAGLM_BR_life_in_synch_052009
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From real.estate.professor at hotmail.com  Fri May  8 11:30:34 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Fri, 8 May 2009 10:30:34 -0500
Subject: [5-DayForum] Finished the Sale this weekend ... now dilemma
In-Reply-To: <ec10896a0904271933o30f773b5j2318c9412e66c402@mail.gmail.com>
References: <ec10896a0904271933o30f773b5j2318c9412e66c402@mail.gmail.com>
Message-ID: <BLU122-W998E65380EDF4602AFD45B4640@phx.gbl>


No ... you are not being unfair.  You disclosed the process to all bidders, acted in "good-faith," are looking out for your own best interests, and seeking to enter into a contract for sale with a "qualified" buyer.

 

Time is of the essence in a real estate transaction.  Especially in today's marketplace.

 

Best,

 

Kyle Cascioli

www.AuctionBySeller.com  
 


Date: Mon, 27 Apr 2009 21:33:31 -0500
From: m2rest at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Finished the Sale this weekend ... now dilemma

Hi Everyone,

It is kind of late to be asking for advice, but here goes.

First a quick summary of what I did:

I just finished my 5-Day Sale on a Fixer Upper foreclosure property in Kansas City, MO.  I put an ad in the paper, printed flyers and distributed them to houses in the neighborhood and outside my house, craigslist, my email list of "buyers" and "investors" in KCMO and US, and "Circus Marketing"--I put up pennant flags across my front lawn, put huge signs on flourescent poster board announcing the sale and the price of the house, balloons ... the works.  The Circus Marketing worked really well.  I got lots of calls and bidders just through that.  And, several bids too.

So, I conducted the open houses, got 13 bids and was a little concerned because I wasn't sure the real buyers showed up.  During the round-robin most people dropped out quickly, and then there were two.  

One dropped and the last one standing was going to meet me today at the title company to deliver a check and sign the contract.  He couldn't get funds at the last minute (literally 14 minutes before he was supposed to meet me at the title company he found out his bank would not release the funds for 3-5 days).  I thought about it and told him that I will give him a couple of hours to figure out the funding situation and that I would also call the runner up and tell her that if whoever got me the funds first gets the deal.  

In the meantime, I called the runner up and she said she will work on getting the EMD funds together.  Less than an hour later she calls and tells me she's got the funds taken care of for EMD and can meet me first thing in the morning.  

He's still working on it and feels "shorted".  I have not been able to speak with him to tell him that I am giving the deal to the runner up who will show up tomorrow to the Title Company with a certified check.  I've left a message (his phone is on the fritz also).  

So, now I feel a little torn ... they are only $500 apart (not a huge deal breaker), but am I being unfair?  Pre-emptive? Any thoughts?  Words of advice?  Anyone have an experience like this before?

I enjoyed doing this sale so much I think I am going to do it again .... and I have learned some really great lessons on marketing.  I think in this market where there are a lot of lower priced properties, it is important to get the word out by starting the marketing earlier.  Next time, I will advertise starting the weekend prior to the Open House.  Start doing Circus Marketing at the same time, and spend a little time every day flyering a different street in the neighborhood.

Has anyone else made any adjustments to the process?  What were they and what were the results of that?

Thanks for your time!


On Mon, Apr 27, 2009 at 11:00 AM, <5-dayforum-request at mailman.howtosellyourhomein5days.com> wrote:

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When replying, please edit your Subject line so it is more specific
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Today's Topics:

  1. Questions about my 5-day sale (Wendy Barta)
  2. Re: Questions about my 5-day sale (j crafor)
  3. Re: Questions about my 5-day sale (Wendy Barta)
  4. Complete 5-day sale final report (Robert G. Kriedermann)
  5. Re: Complete 5-day sale final report (Dawne Brown)
  6. Re: Complete 5-day sale final report (rosemarie-fred)
  7. Re: Complete 5-day sale final report (Holly MacIntyre)


---------- Forwarded message ----------
From: "Wendy Barta" <wendy.barta at verizon.net>
To: <5-dayforum at howtosellyourhomein5days.com>
Date: Sun, 26 Apr 2009 15:27:10 -0400
Subject: [5-DayForum] Questions about my 5-day sale



Since my newspaper had a package deal on advertising, my ad appeared the week before the 5 day sale.  I?ve already received 10 phone calls.  

 

There are a couple things I?m not sure about?

 

One person asked about how I was qualifying the buyers.  I said that I wasn?t and that if the bidder didn?t qualify, I?d contact the next higher bidder.   However, I am not sure how to arrange this.  I was thinking that I should set a limit ? like 5 days ? for the buyer to get pre-approved for a mortgage.  I?m worried that in this financial climate, people will think they are qualified and then not get approved.   How are others handling this?

 

Also ? what do I do if the bidder doesn?t have a settlement agent?  In Maryland, you typically use the accepted offer document when you go into a bank to get a loan.   What do I tell them if they do not know how to do this?  Can I provide them an ?offer? document to use?  I?ve found several companies on the Internet that sell them.

 

Also, I?m struggling with establishing my ?rules? ? does any have an example I can use?

 

Thanks

 

wendy


---------- Forwarded message ----------
From: j crafor <jcrafor at hotmail.com>
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Mon, 27 Apr 2009 00:00:58 +0000
Subject: Re: [5-DayForum] Questions about my 5-day sale

I'm not qualifying the bidders, either. Either they can get financing the next day or I contact the second one immediately. "It appears that the highest bidder is not able to get financing. Are you still interested if he can't?" If so, consider getting qualified by your mortgage co. now. "
I will be using a title company, and I got papers from the title company for me and buyer to fill out (on Monday) and submit immediaely to them. 
 
I'm preparing for a sale next week-end. the following is the list of rules I'm using
 

8825 E. Fruit Tree Drive
Tucson, AZ. 85730
(520) 546-9972  (520)907-1883         
jcrafor at hotmail.com
 
THE RULES FOR THE 5 DAY SALE 
The home is offered AS IS
 

1. There is an undisclosed minimum reserve. 

2. Bids may be left at any level, at any time prior to 5 PM Sunday.

 

3. No one can enter the bidding after 5PM Sunday.

4. The bidding will be open.  We will tell the status of the bids at any time. 

 

5. The highest or best bidder prior to the round-robin bidding will have the opportunity to make the first bid when the final bidding begins.  The next highest or best bidder will get the second call, and so on.

6. Every bidder will have the opportunity to top the high/best bid until the highest or best offer is established.

 

7. If there is more than one bid at the same level, the earliest offer will be honored.

8. Bids must be increased a minimum of $500, ie, $99,000: 99,500, etc.

 

9. Round-robin bidding starts at 8 PM. Sunday. The bidder with the highest/best bid at the end of the round-robin bidding will be offered the home.

10. Real estate professionals are encouraged to bid for themselves and their clients, however the owner will not pay any Realtor fees.

 

11. Bidders using the services of a Real Estate Professional are responsible for paying their agents.

12. The owner reserves the right to cancel the sale at anytime prior to accepting a written offer. All bidders will be notified.

 

13. The owner reserves the right to accept or reject any offers.  This is not binding, on either seller or buyer. 

14. Buyers can make bids with the understanding that they can withdraw their bid at any time, for any reason.  Buyers must also understand that we are not obligated to take the highest/best bid we get. Bids are not binding on either party. The seller may withdraw the house at   any time until he announces completion of the sale.  A bidder may retract  his bid until the seller?s announcement of completion of the sale. 

15. Bonus at closing for pre-approved financing ($1000).
 
Open for Inspection 1 to 5 Saturday & Sunday
 
Bidder with the best bid will be offered the home Sunday night
 
 
 

 
 

 

 

 
 
 



From: wendy.barta at verizon.net
To: 5-dayforum at howtosellyourhomein5days.com
Date: Sun, 26 Apr 2009 15:27:10 -0400
Subject: [5-DayForum] Questions about my 5-day sale



Since my newspaper had a package deal on advertising, my ad appeared the week before the 5 day sale.  I?ve already received 10 phone calls.  

 

There are a couple things I?m not sure about?

 

One person asked about how I was qualifying the buyers.  I said that I wasn?t and that if the bidder didn?t qualify, I?d contact the next higher bidder.   However, I am not sure how to arrange this.  I was thinking that I should set a limit ? like 5 days ? for the buyer to get pre-approved for a mortgage.  I?m worried that in this financial climate, people will think they are qualified and then not get approved.   How are others handling this?

 

Also ? what do I do if the bidder doesn?t have a settlement agent?  In Maryland, you typically use the accepted offer document when you go into a bank to get a loan.   What do I tell them if they do not know how to do this?  Can I provide them an ?offer? document to use?  I?ve found several companies on the Internet that sell them.

 

Also, I?m struggling with establishing my ?rules? ? does any have an example I can use?

 

Thanks

 

wendy



Windows Live? Hotmail?:?more than just e-mail. Check it out.

---------- Forwarded message ----------
From: "Wendy Barta" <wendy.barta at verizon.net>
To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Sun, 26 Apr 2009 20:35:47 -0400
Subject: Re: [5-DayForum] Questions about my 5-day sale



Thank you very much.  This is very helpful.  J

 





From: 5-dayforum-bounces+wendy.barta=verizon.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+wendy.barta=verizon.net at mailman.howtosellyourhomein5days.com] On Behalf Of j crafor
Sent: Sunday, April 26, 2009 8:01 PM
To: 5-dayforum at mailman.how tosellyour home
Subject: Re: [5-DayForum] Questions about my 5-day sale

 

I'm not qualifying the bidders, either. Either they can get financing the next day or I contact the second one immediately. "It appears that the highest bidder is not able to get financing. Are you still interested if he can't?" If so, consider getting qualified by your mortgage co. now. "
I will be using a title company, and I got papers from the title company for me and buyer to fill out (on Monday) and submit immediaely to them. 
 
I'm preparing for a sale next week-end. the following is the list of rules I'm using
 

8825 E. Fruit Tree Drive

Tucson, AZ. 85730

(520) 546-9972  (520)907-1883         

jcrafor at hotmail.com

 
THE RULES FOR THE 5 DAY SALE 
The home is offered AS IS
 

1. There is an undisclosed minimum reserve. 

2. Bids may be left at any level, at any time prior to 5 PM Sunday.

 

3. No one can enter the bidding after 5PM Sunday.

4. The bidding will be open.  We will tell the status of the bids at any time. 

 

5. The highest or best bidder prior to the round-robin bidding will have the opportunity to make the first bid when the final bidding begins.  The next highest or best bidder will get the second call, and so on.

6. Every bidder will have the opportunity to top the high/best bid until the highest or best offer is established.

 

7. If there is more than one bid at the same level, the earliest offer will be honored.

8. Bids must be increased a minimum of $500, ie, $99,000: 99,500, etc.

 

9. Round-robin bidding starts at 8 PM. Sunday. The bidder with the highest/best bid at the end of the round-robin bidding will be offered the home.

10. Real estate professionals are encouraged to bid for themselves and their clients, however the owner will not pay any Realtor fees.

 

11. Bidders using the services of a Real Estate Professional are responsible for paying their agents.

12. The owner reserves the right to cancel the sale at anytime prior to accepting a written offer. All bidders will be notified.

 

13. The owner reserves the right to accept or reject any offers.  This is not binding, on either seller or buyer. 

14. Buyers can make bids with the understanding that they can withdraw their bid at any time, for any reason.  Buyers must also understand that we are not obligated to take the highest/best bid we get. Bids are not binding on either party. The seller may withdraw the house at   any time until he announces completion of the sale.  A bidder may retract  his bid until the seller?s announcement of completion of the sale. 

15. Bonus at closing for pre-approved financing ($1000).
 
Open for Inspection 1 to 5 Saturday & Sunday
 
Bidder with the best bid will be offered the home Sunday night
 
 
 

 
 

 

 

 
 
 




From: wendy.barta at verizon.net
To: 5-dayforum at howtosellyourhomein5days.com
Date: Sun, 26 Apr 2009 15:27:10 -0400
Subject: [5-DayForum] Questions about my 5-day sale

Since my newspaper had a package deal on advertising, my ad appeared the week before the 5 day sale.  I?ve already received 10 phone calls.  

 

There are a couple things I?m not sure about?

 

One person asked about how I was qualifying the buyers.  I said that I wasn?t and that if the bidder didn?t qualify, I?d contact the next higher bidder.   However, I am not sure how to arrange this.  I was thinking that I should set a limit ? like 5 days ? for the buyer to get pre-approved for a mortgage.  I?m worried that in this financial climate, people will think they are qualified and then not get approved.   How are others handling this?

 

Also ? what do I do if the bidder doesn?t have a settlement agent?  In Maryland, you typically use the accepted offer document when you go into a bank to get a loan.   What do I tell them if they do not know how to do this?  Can I provide them an ?offer? document to use?  I?ve found several companies on the Internet that sell them.

 

Also, I?m struggling with establishing my ?rules? ? does any have an example I can use?

 

Thanks

 

wendy

 




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---------- Forwarded message ----------
From: "Robert G. Kriedermann" <beau_34 at hotmail.com>
To: 5-day forum <5-dayforum at howtosellyourhomein5days.com>
Date: Sun, 26 Apr 2009 23:42:27 -0500
Subject: [5-DayForum] Complete 5-day sale final report

I finished the open house today with high hopes. I had gone into the five day sale with the idea that I would accept no less than $118000. The bidding sheet looked like this at the close of the open house:
 
1. $91000
2. $90000
3. $81000
4. $80000
5. $76000
6. $75500
7. $75000
8. $74999
and 12 more bids less than $70000.
 
I called the first person to start the bidding. I called the second and she reluctantly went to $91500. The third dropped out immediately. The fourth did not answer so I left a message. I left 2 more before the night was over with no response. The fifth did not answer. I called back later in the rounds and got a cell number from one of their children. I called him on that cell number and he dropped out. The sixth wasn't sure if she could get a loan for $92000 and asked if she could call me tomorrow. I told her it was selling to the top bidder tonight and she reluctantly went to $92000. The seventh did not answer. I left 2 more messages before the night was over with no response.The eighth did not answer and I left 3 messages total with no response. #1 increased to $92500. I called #2 back and she dropped out. I called #6 and they dropped out. Of the other 12, 4 did not answer, 7 dropped out, and one guy who didn't answer called me back but then dropped out. 
 
The round Robin was over and the Bid had only increased $1500 to $92500. That number is $3500 less than what I bought it for as a firesale foreclosure back in October. My house had sold for $180000 in '06. Before I bought it for $96000, it had been listed at $155000. Since I bought it I totally reformed it. Filled all holes and dings in walls, primed, painted, flooring, window treatments, ceiling fans with remote control, light fixtures, new vanity, new pedestal sink, complete mold cleanup including ripping out and replacing drywall, removed broken garbage disposal and replaced, ceiling fans, New towel bars and TP holder, ripping out old carpet and replacing with new carpet, updated designs I stole directly from hgtv. I added appliances and included them all. New bedspreads and pillows matched the room, the towels were new and matched the room, the soap pumps matched the room, coordinating furnature and area rug, Flashes of color in the right places, flowers, it all looks sharp. I worked my fingers to the bone and the inside of the house is nothing like what you can get anywhere in the area for this price.
 
One couple repeatedly asked "So if I put down any amount you will be sure to call me right?" I confirmed this many times. They bid $1 and told me again to be sure to call. They were not available to answer the phone. The 6th highest bidder was a couple that had placed their bid Saturday and had placed the high bid at the time. They said it was just what they had been looking for. They asked if they could bid any amount and I told them they could but it was in their best interest to be the top bidder to start the round robin. She realized this and bid $10000 more than what the top bid had been. She really seemed to get it and gave me a wink as she left and I told her I would call her sunday night. She was not available to answer the phone!
 
I explained over and over again to buyers at the open house the entire process. I gave them all the literature. I got a inspector that created an amazing looking report and gave a copy to everyone. I e-mailed the report to those who wanted it so they could have it in full color. If I wasn't sure a buyer got the concept, I explained it until I thought they did. I told them to ask any questions. I answered all questions asked. It just doesn't seem like people got the idea. 8 out of the 20 bidders did not answer the phone including 3 I thought were hot leads. 55 responses to the adds and no buyer to pay even what I bought it for when I pulled it out of the fire. There are no major problems with the house other than an old roof. The roof isn't leaking it is just near the end of its useful life.
 
I am very disappointed with the results. I did everything by the book. I think maybe the $49500 asking price turned the potential buyers off. Too many foreclosures and dumps out there right now and they thought this was one of them. Still, I got 55 responses. You'd think one would be serious. Also, what is the reason to start the round robin at 8:00pm? Maybe this is too late and people are trying to wind down and get ready to start a new workweek? But then again, where are you and what are you doing where you don't answer the phone at 8:00pm on a Sunday night?! Maybe I didn't hammer the 8:00pm start time hard enough to people at the open house? I thought I did.
 
I can't sell for that price. Maybe in this climate the 5-day sale isn't the way to go. I may try one again in 1 month after I fix-up the outside of the house. I had only lived here in winter so I couldn't do much with the outside. The color scheme is sort of ugly. You wouldn't imagine the inside if you just saw the outside. Still, I thought the whole point of a 5-day sale was to sell with whatever you have. I know there are worse houses being sold for higher prices.
 
I think the 5-day sale is a great concept but it is by no means guaranteed in this climate. If I can't sell this house for $118000, no one can sell their house using this method in this area.
 
Let me know your thoughts everyone.
 
Robert
 
 
 
 



Windows Live? SkyDrive?: Get 25 GB of free online storage. Check it out.

---------- Forwarded message ----------
From: "Dawne Brown" <dmvaughan at cox.net>
To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Mon, 27 Apr 2009 01:01:33 -0400
Subject: Re: [5-DayForum] Complete 5-day sale final report



Hey Robert,

 

Thanks for reporting on how your 5-day sale went.  I have been following this forum for almost a year, right around the time when the market went south, and your report has confirmed my concern: that the 5-day sale in the form described in the book is not as successful in this market.  I have come across many variations of this concept and the common thread between them all is that you have to do more marketing than what is described in the book to create a buzz.  Also I think right now people are afraid of making major purchases in this economic climate which is not an issue the 5-dale sale can overcome.

 

What is the current fair market value for your house?  You may want to list it for that and see what kind of response you get.  People now are fearful of being taken advantage of and are relying more heavily on realtors to locate and negotiate on a home.  They?re very reluctant to negotiate on their own without the ?expertise? of a realtor.  also, owner financing may be an option that you look into.  That will enable you to capture the majority of the buying market: they want a house but they have credit issues.

 

Hope this helps,

 

Dawne?

 



From: 5-dayforum-bounces+dmvaughan=cox.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+dmvaughan=cox.net at mailman.howtosellyourhomein5days.com] On Behalf Of Robert G. Kriedermann
Sent: Monday, April 27, 2009 12:42 AM
To: 5-day forum
Subject: [5-DayForum] Complete 5-day sale final report

 

I finished the open house today with high hopes. I had gone into the five day sale with the idea that I would accept no less than $118000. The bidding sheet looked like this at the close of the open house:
 
1. $91000
2. $90000
3. $81000
4. $80000
5. $76000
6. $75500
7. $75000
8. $74999
and 12 more bids less than $70000.
 
I called the first person to start the bidding. I called the second and she reluctantly went to $91500. The third dropped out immediately. The fourth did not answer so I left a message. I left 2 more before the night was over with no response. The fifth did not answer. I called back later in the rounds and got a cell number from one of their children. I called him on that cell number and he dropped out. The sixth wasn't sure if she could get a loan for $92000 and asked if she could call me tomorrow. I told her it was selling to the top bidder tonight and she reluctantly went to $92000. The seventh did not answer. I left 2 more messages before the night was over with no response.The eighth did not answer and I left 3 messages total with no response. #1 increased to $92500. I called #2 back and she dropped out. I called #6 and they dropped out. Of the other 12, 4 did not answer, 7 dropped out, and one guy who didn't answer called me back but then dropped out. 
 
The round Robin was over and the Bid had only increased $1500 to $92500. That number is $3500 less than what I bought it for as a firesale foreclosure back in October. My house had sold for $180000 in '06. Before I bought it for $96000, it had been listed at $155000. Since I bought it I totally reformed it. Filled all holes and dings in walls, primed, painted, flooring, window treatments, ceiling fans with remote control, light fixtures, new vanity, new pedestal sink, complete mold cleanup including ripping out and replacing drywall, removed broken garbage disposal and replaced, ceiling fans, New towel bars and TP holder, ripping out old carpet and replacing with new carpet, updated designs I stole directly from hgtv. I added appliances and included them all. New bedspreads and pillows matched the room, the towels were new and matched the room, the soap pumps matched the room, coordinating furnature and area rug, Flashes of color in the right places, flowers, it all looks sharp. I worked my fingers to the bone and the inside of the house is nothing like what you can get anywhere in the area for this price.
 
One couple repeatedly asked "So if I put down any amount you will be sure to call me right?" I confirmed this many times. They bid $1 and told me again to be sure to call. They were not available to answer the phone. The 6th highest bidder was a couple that had placed their bid Saturday and had placed the high bid at the time. They said it was just what they had been looking for. They asked if they could bid any amount and I told them they could but it was in their best interest to be the top bidder to start the round robin. She realized this and bid $10000 more than what the top bid had been. She really seemed to get it and gave me a wink as she left and I told her I would call her sunday night. She was not available to answer the phone!
 
I explained over and over again to buyers at the open house the entire process. I gave them all the literature. I got a inspector that created an amazing looking report and gave a copy to everyone. I e-mailed the report to those who wanted it so they could have it in full color. If I wasn't sure a buyer got the concept, I explained it until I thought they did. I told them to ask any questions. I answered all questions asked. It just doesn't seem like people got the idea. 8 out of the 20 bidders did not answer the phone including 3 I thought were hot leads. 55 responses to the adds and no buyer to pay even what I bought it for when I pulled it out of the fire. There are no major problems with the house other than an old roof. The roof isn't leaking it is just near the end of its useful life.
 
I am very disappointed with the results. I did everything by the book. I think maybe the $49500 asking price turned the potential buyers off. Too many foreclosures and dumps out there right now and they thought this was one of them. Still, I got 55 responses. You'd think one would be serious. Also, what is the reason to start the round robin at 8:00pm? Maybe this is too late and people are trying to wind down and get ready to start a new workweek? But then again, where are you and what are you doing where you don't answer the phone at 8:00pm on a Sunday night?! Maybe I didn't hammer the 8:00pm start time hard enough to people at the open house? I thought I did.
 
I can't sell for that price. Maybe in this climate the 5-day sale isn't the way to go. I may try one again in 1 month after I fix-up the outside of the house. I had only lived here in winter so I couldn't do much with the outside. The color scheme is sort of ugly. You wouldn't imagine the inside if you just saw the outside. Still, I thought the whole point of a 5-day sale was to sell with whatever you have. I know there are worse houses being sold for higher prices.
 
I think the 5-day sale is a great concept but it is by no means guaranteed in this climate. If I can't sell this house for $118000, no one can sell their house using this method in this area.
 
Let me know your thoughts everyone.
 
Robert
 
 
 
 



Windows Live? SkyDrive?: Get 25 GB of free online storage. Check it out.


---------- Forwarded message ----------
From: "rosemarie-fred" <rosemarie-fred at mindspring.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Mon, 27 Apr 2009 09:04:48 -0400
Subject: Re: [5-DayForum] Complete 5-day sale final report


Ouch!
If I were you I would call those eager beavers who did not answer their phone on Sunday evening and find out what happened. They may have had second thoughts, they may have had an emergency and gone out. I think you might get some good information. And, just maybe, they will come back into the fold.
When I did a reasonably successful 5-day sale I did not actually get the final bid until the Wednesday following. I guess that makes it a 7 day sale! I needed $140,000 and we were piddling around at 105,000 at 11 pm on Sunday and I was just too tired to carry on. So I told the people I had left that I would call the next day, which I did. I think we got to $120,000. Meanwhile, a new player entered the scene, who hadn't seen the ads or been to the house before. Offered me $130,000. (against the rules - what would you do?) Then I told my top bidder what I needed. By then I think they were emotionally attached to the house. They came back and looked again. I let them hang out and have their kids claim their rooms and they offered the $140,000 I had to have. They bought the house.
I know this departs from the system, which I followed faithfully up to that point. But you do what you have to! 
This is a crappy time to be selling anything. I'm so sorry that you had such a bad result, and I know Bill will say that your house is worth $92,500 and you will disagree. I guess it's really worth what someone will pay, and that's what your sale told you. What a shame. I am going to be helping someone with a 5-day sale soon, and I am rather worried that we'll have the same kind of result.
If you keep at your Sunday night no-shows and get anywhere, please let us know.
Rosemarie

----- Original Message ----- 
From: Robert G. Kriedermann 
To: 5-day forum 
Sent: Monday, April 27, 2009 12:42 AM
Subject: [5-DayForum] Complete 5-day sale final report

I finished the open house today with high hopes. I had gone into the five day sale with the idea that I would accept no less than $118000. The bidding sheet looked like this at the close of the open house:
 
1. $91000
2. $90000
3. $81000
4. $80000
5. $76000
6. $75500
7. $75000
8. $74999
and 12 more bids less than $70000.
 
I called the first person to start the bidding. I called the second and she reluctantly went to $91500. The third dropped out immediately. The fourth did not answer so I left a message. I left 2 more before the night was over with no response. The fifth did not answer. I called back later in the rounds and got a cell number from one of their children. I called him on that cell number and he dropped out. The sixth wasn't sure if she could get a loan for $92000 and asked if she could call me tomorrow. I told her it was selling to the top bidder tonight and she reluctantly went to $92000. The seventh did not answer. I left 2 more messages before the night was over with no response.The eighth did not answer and I left 3 messages total with no response. #1 increased to $92500. I called #2 back and she dropped out. I called #6 and they dropped out. Of the other 12, 4 did not answer, 7 dropped out, and one guy who didn't answer called me back but then dropped out. 
 
The round Robin was over and the Bid had only increased $1500 to $92500. That number is $3500 less than what I bought it for as a firesale foreclosure back in October. My house had sold for $180000 in '06. Before I bought it for $96000, it had been listed at $155000. Since I bought it I totally reformed it. Filled all holes and dings in walls, primed, painted, flooring, window treatments, ceiling fans with remote control, light fixtures, new vanity, new pedestal sink, complete mold cleanup including ripping out and replacing drywall, removed broken garbage disposal and replaced, ceiling fans, New towel bars and TP holder, ripping out old carpet and replacing with new carpet, updated designs I stole directly from hgtv. I added appliances and included them all. New bedspreads and pillows matched the room, the towels were new and matched the room, the soap pumps matched the room, coordinating furnature and area rug, Flashes of color in the right places, flowers, it all looks sharp. I worked my fingers to the bone and the inside of the house is nothing like what you can get anywhere in the area for this price.
 
One couple repeatedly asked "So if I put down any amount you will be sure to call me right?" I confirmed this many times. They bid $1 and told me again to be sure to call. They were not available to answer the phone. The 6th highest bidder was a couple that had placed their bid Saturday and had placed the high bid at the time. They said it was just what they had been looking for. They asked if they could bid any amount and I told them they could but it was in their best interest to be the top bidder to start the round robin. She realized this and bid $10000 more than what the top bid had been. She really seemed to get it and gave me a wink as she left and I told her I would call her sunday night. She was not available to answer the phone!
 
I explained over and over again to buyers at the open house the entire process. I gave them all the literature. I got a inspector that created an amazing looking report and gave a copy to everyone. I e-mailed the report to those who wanted it so they could have it in full color. If I wasn't sure a buyer got the concept, I explained it until I thought they did. I told them to ask any questions. I answered all questions asked. It just doesn't seem like people got the idea. 8 out of the 20 bidders did not answer the phone including 3 I thought were hot leads. 55 responses to the adds and no buyer to pay even what I bought it for when I pulled it out of the fire. There are no major problems with the house other than an old roof. The roof isn't leaking it is just near the end of its useful life.
 
I am very disappointed with the results. I did everything by the book. I think maybe the $49500 asking price turned the potential buyers off. Too many foreclosures and dumps out there right now and they thought this was one of them. Still, I got 55 responses. You'd think one would be serious. Also, what is the reason to start the round robin at 8:00pm? Maybe this is too late and people are trying to wind down and get ready to start a new workweek? But then again, where are you and what are you doing where you don't answer the phone at 8:00pm on a Sunday night?! Maybe I didn't hammer the 8:00pm start time hard enough to people at the open house? I thought I did.
 
I can't sell for that price. Maybe in this climate the 5-day sale isn't the way to go. I may try one again in 1 month after I fix-up the outside of the house. I had only lived here in winter so I couldn't do much with the outside. The color scheme is sort of ugly. You wouldn't imagine the inside if you just saw the outside. Still, I thought the whole point of a 5-day sale was to sell with whatever you have. I know there are worse houses being sold for higher prices.
 
I think the 5-day sale is a great concept but it is by no means guaranteed in this climate. If I can't sell this house for $118000, no one can sell their house using this method in this area.
 
Let me know your thoughts everyone.
 
Robert
 
 
 
 



Windows Live? SkyDrive?: Get 25 GB of free online storage. Check it out. 





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---------- Forwarded message ----------
From: Holly MacIntyre <hollymac2 at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Mon, 27 Apr 2009 07:47:54 -0700 (PDT)
Subject: Re: [5-DayForum] Complete 5-day sale final report





To Robert - Your experience was exactly like mine - even the numbers are virtually the same!  (I'm actually sort of amazed...)  
 
You had an even higher response rate and more bidding participation and I; still the pricing and bids are about the same!  I can tell you that I immediately listed with a better/more aggressive realtor than the first one (90 days no offers...) and got it sold in two weeks for net to me $27k more than the sale would have given.
 
I agree Bill's assertion that the 5 Day Sale did everything it was supposed to do and your high bid was the highest and best bid on that day - still, two more weeks to net $27k more was a far better outcome for me.
 
I keep coming back to thinking the method does require some tweaking in this market.  If I try it again I believe I will give more advertising time.  I keep coming back to the fact that my buyer was out there at the time I had my 5 Day Sale (he saw and bought within two weeks of my sale).  Somehow I just didn't reach him with the way I advertised.
 
Don't forget, first time homebuyers are now keeping the market "rolling" (trickling?)  Like you, that's why I bought that price range and darned if it wasn't a first time home buyer who bought my house in the end!  I just hadn't reached him.
 
Good luck!
Holly in Colorado 

--- On Mon, 4/27/09, rosemarie-fred <rosemarie-fred at mindspring.com> wrote:

From: rosemarie-fred <rosemarie-fred at mindspring.com>
Subject: Re: [5-DayForum] Complete 5-day sale final report
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, April 27, 2009, 1:04 PM



Ouch!
If I were you I would call those eager beavers who did not answer their phone on Sunday evening and find out what happened. They may have had second thoughts, they may have had an emergency and gone out. I think you might get some good information. And, just maybe, they will come back into the fold.
When I did a reasonably successful 5-day sale I did not actually get the final bid until the Wednesday following. I guess that makes it a 7 day sale! I needed $140,000 and we were piddling around at 105,000 at 11 pm on Sunday and I was just too tired to carry on. So I told the people I had left that I would call the next day, which I did. I think we got to $120,000. Meanwhile, a new player entered the scene, who hadn't seen the ads or been to the house before. Offered me $130,000. (against the rules - what would you do?) Then I told my top bidder what I needed. By then I think they were emotionally attached to the house. They came back and looked again. I let them hang out and have their kids claim their rooms and they offered the $140,000 I had to have. They bought the house.
I know this departs from the system, which I followed faithfully up to that point. But you do what you have to! 
This is a crappy time to be selling anything. I'm so sorry that you had such a bad result, and I know Bill will say that your house is worth $92,500 and you will disagree. I guess it's really worth what someone will pay, and that's what your sale told you. What a shame. I am going to be helping someone with a 5-day sale soon, and I am rather worried that we'll have the same kind of result.
If you keep at your Sunday night no-shows and get anywhere, please let us know.
Rosemarie

----- Original Message ----- 
From: Robert G. Kriedermann 
To: 5-day forum 
Sent: Monday, April 27, 2009 12:42 AM
Subject: [5-DayForum] Complete 5-day sale final report

I finished the open house today with high hopes. I had gone into the five day sale with the idea that I would accept no less than $118000. The bidding sheet looked like this at the close of the open house:
 
1. $91000
2. $90000
3. $81000
4. $80000
5. $76000
6. $75500
7. $75000
8. $74999
and 12 more bids less than $70000.
 
I called the first person to start the bidding. I called the second and she reluctantly went to $91500. The third dropped out immediately. The fourth did not answer so I left a message. I left 2 more before the night was over with no response. The fifth did not answer. I called back later in the rounds and got a cell number from one of their children. I called him on that cell number and he dropped out. The sixth wasn't sure if she could get a loan for $92000 and asked if she could call me tomorrow. I told her it was selling to the top bidder tonight and she reluctantly went to $92000. The seventh did not answer. I left 2 more messages before the night was over with no response.The eighth did not answer and I left 3 messages total with no response. #1 increased to $92500. I called #2 back and she dropped out. I called #6 and they dropped out. Of the other 12, 4 did not answer, 7 dropped out, and one guy who didn't answer called me back but then dropped out. 
 
The round Robin was over and the Bid had only increased $1500 to $92500. That number is $3500 less than what I bought it for as a firesale foreclosure back in October. My house had sold for $180000 in '06. Before I bought it for $96000, it had been listed at $155000. Since I bought it I totally reformed it. Filled all holes and dings in walls, primed, painted, flooring, window treatments, ceiling fans with remote control, light fixtures, new vanity, new pedestal sink, complete mold cleanup including ripping out and replacing drywall, removed broken garbage disposal and replaced, ceiling fans, New towel bars and TP holder, ripping out old carpet and replacing with new carpet, updated designs I stole directly from hgtv. I added appliances and included them all. New bedspreads and pillows matched the room, the towels were new and matched the room, the soap pumps matched the room, coordinating furnature and area rug, Flashes of color in the right places, flowers, it all looks sharp. I worked my fingers to the bone and the inside of the house is nothing like what you can get anywhere in the area for this price.
 
One couple repeatedly asked "So if I put down any amount you will be sure to call me right?" I confirmed this many times. They bid $1 and told me again to be sure to call. They were not available to answer the phone. The 6th highest bidder was a couple that had placed their bid Saturday and had placed the high bid at the time. They said it was just what they had been looking for. They asked if they could bid any amount and I told them they could but it was in their best interest to be the top bidder to start the round robin. She realized this and bid $10000 more than what the top bid had been. She really seemed to get it and gave me a wink as she left and I told her I would call her sunday night. She was not available to answer the phone!
 
I explained over and over again to buyers at the open house the entire process. I gave them all the literature. I got a inspector that created an amazing looking report and gave a copy to everyone. I e-mailed the report to those who wanted it so they could have it in full color. If I wasn't sure a buyer got the concept, I explained it until I thought they did. I told them to ask any questions. I answered all questions asked. It just doesn't seem like people got the idea. 8 out of the 20 bidders did not answer the phone including 3 I thought were hot leads. 55 responses to the adds and no buyer to pay even what I bought it for when I pulled it out of the fire. There are no major problems with the house other than an old roof. The roof isn't leaking it is just near the end of its useful life.
 
I am very disappointed with the results. I did everything by the book. I think maybe the $49500 asking price turned the potential buyers off. Too many foreclosures and dumps out there right now and they thought this was one of them. Still, I got 55 responses. You'd think one would be serious. Also, what is the reason to start the round robin at 8:00pm? Maybe this is too late and people are trying to wind down and get ready to start a new workweek? But then again, where are you and what are you doing where you don't answer the phone at 8:00pm on a Sunday night?! Maybe I didn't hammer the 8:00pm start time hard enough to people at the open house? I thought I did.
 
I can't sell for that price. Maybe in this climate the 5-day sale isn't the way to go. I may try one again in 1 month after I fix-up the outside of the house. I had only lived here in winter so I couldn't do much with the outside. The color scheme is sort of ugly. You wouldn't imagine the inside if you just saw the outside. Still, I thought the whole point of a 5-day sale was to sell with whatever you have. I know there are worse houses being sold for higher prices.
 
I think the 5-day sale is a great concept but it is by no means guaranteed in this climate. If I can't sell this house for $118000, no one can sell their house using this method in this area.
 
Let me know your thoughts everyone.
 
Robert
 
 
 
 



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-- 
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VP Acquisitions
M2REST
M2 Real Estate Solutions Team
Tel: 866.694.5257 ext. 2
Fax: 866.694.5257




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From rcutcher at austin.rr.com  Fri May  8 12:53:24 2009
From: rcutcher at austin.rr.com (RC Cutcher)
Date: Fri, 8 May 2009 11:53:24 -0500
Subject: [5-DayForum] Inspector
References: <3C57FDEC70124283BDB1560BFCE580C3@Main>
	<BLU122-W427153B3F53D74A8973FEDB4640@phx.gbl>
Message-ID: <009601c9cffd$8162c860$0201a8c0@RCCutcher>

Brad,

Inspectors are the prime target of lawsuits these days from the Seller and the end buyers, even when they were never hired by the buyer.    Buyers will often use a Seller's inspection report to bolster their purchase price to their lender, especially since yours has a recent date. You need to understand also that an inspection report comes with a verbal explanation of the numbered items that is usually critical to the buying process. If the actual customer isn't getting (or hearing) the entire report, then the Inspector is left dangling from a miscommunication  when the lawsuit is filed against him/her from an unknown  buyer who was asked to have confidence in a partial report. That would be my guess as to why your Inspector wanted to keep the report confidential to one party. 

RC Cutcher
Austin Texas Homes, LLC
www.austintexashomes.com
512-848-4449 
  ----- Original Message ----- 
  From: Kyle Cascioli 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Friday, May 08, 2009 10:25 AM
  Subject: Re: [5-DayForum] Inspector


  Have never had an inspector object to use of inspection for 5 Day Sale purposes.
   
  Did he/she explain the nature of their objection?
   
  Kyle Cascioli
  www.AuctionBySeller.com 
   

------------------------------------------------------------------------------
  From: bvgore at insightbb.com
  To: 5-dayforum at howtosellyourhomein5days.com
  Date: Tue, 21 Apr 2009 11:28:34 -0400
  Subject: [5-DayForum] Inspector


  What does anybody make of this?

   We recently arranged for a pre-sale inspection by a local inspector in our town (Lexington, KY). who had conducted the inspection on our home 4 years ago. Our sale will take place May 30-31. When the inspector learned of the purpose of the inspection, he refused to inspect our home unless we agreed that the inspection report would not be shown to anyone else! We politely showed him the door. We are in the process of lining up another inspector but wondered if anyone had encountered this before and, if so, what does this mean?

  Brad & Valerie Gore
  Lexington, KY


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From jcrafor at hotmail.com  Sat May  9 10:42:30 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 9 May 2009 14:42:30 +0000
Subject: [5-DayForum] Craigs list header
In-Reply-To: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
Message-ID: <SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>


I just posted an ad on Craigslist. Heading:
 2 DAYS ONLY! MAKE YOUR BEST OFFER!

 

Then the info.

JCrafor

 

> From: aznaflygirl at cox.net
 When one goes to advertise on, say, Craigslist, how do you post 
> a thread to get the attention of the potential buyers of your 5 day 
> sale? 

 

_________________________________________________________________
Hotmail? has ever-growing storage! Don?t worry about storage limits.
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From jcrafor at hotmail.com  Sat May  9 13:02:22 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 9 May 2009 17:02:22 +0000
Subject: [5-DayForum] Craigs list header
In-Reply-To: <SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
	<SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>
Message-ID: <SNT116-W51765D9E7E92241FCD07BAE650@phx.gbl>


Just ran into my neighbor. His house has been on market for over a year. It is 2 beds+den, 2 baths. Listed for $160K, he got an offer a few days ago for $90K! 


In my ad, I made it clear mine is not REO or foreclosure, is move in ready. 

His isn't either.

This is Arizona. I hope things pick up soon.

JCrafor


From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com; aznaflygirl at cox.net
Date: Sat, 9 May 2009 14:42:30 +0000
Subject: Re: [5-DayForum] Craigs list header



I just posted an ad on Craigslist. Heading:
 2 DAYS ONLY! MAKE YOUR BEST OFFER!
 
Then the info.
JCrafor
 
> From: aznaflygirl at cox.net
 When one goes to advertise on, say, Craigslist, how do you post 
> a thread to get the attention of the potential buyers of your 5 day 
> sale? 
 



Hotmail? has ever-growing storage! Don?t worry about storage limits. Check it out.
_________________________________________________________________
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From gnewell at tds.net  Sat May  9 23:03:23 2009
From: gnewell at tds.net (gnewell tds.net)
Date: Sat, 9 May 2009 22:03:23 -0500
Subject: [5-DayForum] Craigs list header
In-Reply-To: <SNT116-W51765D9E7E92241FCD07BAE650@phx.gbl>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
	<SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>
	<SNT116-W51765D9E7E92241FCD07BAE650@phx.gbl>
Message-ID: <dd9cb71e0905092003h78219ba2lb1c88d70f0cae990@mail.gmail.com>

I am trying a variation of the 5-day method based upon recent posts by other
forum members in my area (Madison, WI).   It seems to me that there are two
major issues:  1.  What should the initial list price be; and 2. What to do
if one doesn?t get the required 25 people to call or email within the time
frame or in the event you don?t receive an acceptable bid by Sunday night.

I?ve decided to do the following:

1.        I listed my ad in Craig?s List without a starting price at all. *
Rationale:*  since it?s an auction, it really doesn?t matter what the
starting/initial price is, the market will dictate the final outcome no
matter what price I initially start with.  No starting price means no
inferring what the final or acceptable price might be. Heck, I don?t even
know what the final acceptable price might be right now.  [I received three
inquiries within a few hours.]

2.       In order to avoid a ?crying wolf? scenario if I don?t get 25
callers or if I don?t accept the highest offer on the first Sunday night and
then have to re-list in another week or two, I decided to advertise that the
house will be offered to the highest/best bid by May 31st and that there
will be open houses from 1-5pm on May 16/17; May 23/24; and May 30/31.

*Rationale:*  what does it hurt that I have more open houses?  I want all
potential buyers to have the opportunity to view this house so I don?t mind
investing some extra time. This method is very foreign in this area--the
settlement agent, a few realtors that I talked with, the building inspector,
etc. had never heard of this method, so I want to be sure people trust that
the house will be sold when I say it will be sold.

3.       The newspaper ads will run three consecutive weeks starting on
Monday, May 11 through Sunday, May 31st in the Open House section (I?ll
remove the listed Open House dates as they expire).  I couldn?t get the
formatting the same as the example, but it?s close enough ?just no box
around the ad.  Note: The ad taker couldn?t believe that I didn?t want the
address to appear in the ad!  She asked me to let her know how it worked out
afterwards. *Rationale:* There is a considerable price break for running
consecutive week ads, the whole ?she-bang? only cost me $220, including a
listing in the newspaper?s online classifieds.

4.       I will start calling people for the round-robin at 6 pm on Sunday
night, May 31st instead of 8 pm.  *Rationale:* My brain doesn?t work after 9
pm on a Sunday night :>)



I know Bill Effros has posted before that if you don?t follow the book to
the letter, then don?t do the sale, but what worked in 2007 may need some
tweaking in 2009.  This recession/depression has hit most major area
corporations; even state workers (non-union) are mandated to take a week off
without pay.



Comments?

--Gina
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From ddabiz at gmail.com  Sun May 10 09:36:11 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Sun, 10 May 2009 09:36:11 -0400
Subject: [5-DayForum] Craigs list header
In-Reply-To: <dd9cb71e0905092003h78219ba2lb1c88d70f0cae990@mail.gmail.com>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
	<SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>
	<SNT116-W51765D9E7E92241FCD07BAE650@phx.gbl>
	<dd9cb71e0905092003h78219ba2lb1c88d70f0cae990@mail.gmail.com>
Message-ID: <eff2c1030905100636g73e8dcb4k61dda1eb61bce35d@mail.gmail.com>

Hey Gina...I like it a lot!  You must be a business owner yourself.  :)  I'm
going to try the 5 day exact method, mainly b/c i don't want to have more
than one open house, and see what happens.  My biggest challenge in the
advertising...where??  Anyway, I'm going to do Craig's list and a whole slew
of newspapers here in Southern NJ, but I'm not sure how it'll work out.
Would love to know if the tweeked 5-day sale works for you!!  Good luck.
Debi

On Sat, May 9, 2009 at 11:03 PM, gnewell tds.net <gnewell at tds.net> wrote:

> I am trying a variation of the 5-day method based upon recent posts by
> other forum members in my area (Madison, WI).   It seems to me that there
> are two major issues:  1.  What should the initial list price be; and 2.
> What to do if one doesn?t get the required 25 people to call or email within
> the time frame or in the event you don?t receive an acceptable bid by Sunday
> night.
>
> I?ve decided to do the following:
>
> 1.        I listed my ad in Craig?s List without a starting price at all.
> *Rationale:*  since it?s an auction, it really doesn?t matter what the
> starting/initial price is, the market will dictate the final outcome no
> matter what price I initially start with.  No starting price means no
> inferring what the final or acceptable price might be. Heck, I don?t even
> know what the final acceptable price might be right now.  [I received three
> inquiries within a few hours.]
>
> 2.       In order to avoid a ?crying wolf? scenario if I don?t get 25
> callers or if I don?t accept the highest offer on the first Sunday night and
> then have to re-list in another week or two, I decided to advertise that the
> house will be offered to the highest/best bid by May 31st and that there
> will be open houses from 1-5pm on May 16/17; May 23/24; and May 30/31.
>
> *Rationale:*  what does it hurt that I have more open houses?  I want all
> potential buyers to have the opportunity to view this house so I don?t mind
> investing some extra time. This method is very foreign in this area--the
> settlement agent, a few realtors that I talked with, the building inspector,
> etc. had never heard of this method, so I want to be sure people trust that
> the house will be sold when I say it will be sold.
>
> 3.       The newspaper ads will run three consecutive weeks starting on
> Monday, May 11 through Sunday, May 31st in the Open House section (I?ll
> remove the listed Open House dates as they expire).  I couldn?t get the
> formatting the same as the example, but it?s close enough ?just no box
> around the ad.  Note: The ad taker couldn?t believe that I didn?t want the
> address to appear in the ad!  She asked me to let her know how it worked out
> afterwards. *Rationale:* There is a considerable price break for running
> consecutive week ads, the whole ?she-bang? only cost me $220, including a
> listing in the newspaper?s online classifieds.
>
> 4.       I will start calling people for the round-robin at 6 pm on Sunday
> night, May 31st instead of 8 pm.  *Rationale:* My brain doesn?t work after
> 9 pm on a Sunday night :>)
>
>
>
> I know Bill Effros has posted before that if you don?t follow the book to
> the letter, then don?t do the sale, but what worked in 2007 may need some
> tweaking in 2009.  This recession/depression has hit most major area
> corporations; even state workers (non-union) are mandated to take a week off
> without pay.
>
>
>
> Comments?
>
> --Gina
>
>
>
>
>
>
> _______________________________________________
> 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  Sun May 10 17:18:34 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 10 May 2009 21:18:34 +0000
Subject: [5-DayForum] Craigs list header
In-Reply-To: <dd9cb71e0905092003h78219ba2lb1c88d70f0cae990@mail.gmail.com>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
	<SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>
	<SNT116-W51765D9E7E92241FCD07BAE650@phx.gbl> 
	<dd9cb71e0905092003h78219ba2lb1c88d70f0cae990@mail.gmail.com>
Message-ID: <SNT116-W254796E9E36DAE8E4DB6E3AE620@phx.gbl>


I like your thinking and the tweaks. I may look into doing something like that, too. 

 

A potential flag with listing with no price is that no one has any idea if it's a 100K house or a 500K house. 

Chances are no matter what price you would put on, you will get investors, people looking for a deal, and those folks who can't afford close to 100K. 

 

I have mine listed at a bit less than the lowest I will take for it. My rationale was similar to yours, and I had just done a 5Day on a different house in the same neighborhood, done by the book, except with more advertising. Bidders I got were what I mentioned above. The final bid was only 40K more than the listed price on that, and I did not sell. On this house, people know a start, that there is a minimum, and _I_ know they don't have to raisse the bids nearly as much, so there is hope it will sell.

 

However, there is almost no movement here. People are apparently looking, but not a lot of buyng. My neighbor's house, on market for over a year, now at 160K, was just offered 90K, with him to pay all closing costs and a few more items.  He said he's head 4 lookers this past week, with agents. My house has a very visable for sale sign on it, and only ONE person called of his four.

FWIW, both are nice, well kept, entry level houses--no REO, no fix-up, no short sales...

JCrafor


Date: Sat, 9 May 2009 22:03:23 -0500
From: gnewell at tds.net


It seems to me that there are two major issues:  1.  What should the initial list price be; and 2. What to do if one doesn?t get the required 25 people to call or email within the time frame or in the event you don?t receive an acceptable bid by Sunday night.
I?ve decided to do the following: 
1.        I listed my ad in Craig?s List without a starting price at all. Rationale:  since it?s an auction, it really doesn?t matter what the starting/initial price is, the market will dictate the final outcome no matter what price I initially start with.  
2.       Comments?
--Gina 



 

_________________________________________________________________
Insert movie times and more without leaving Hotmail?.
http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009
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From lynncorcoranster at gmail.com  Sun May 10 20:23:45 2009
From: lynncorcoranster at gmail.com (lynn Corcoran)
Date: Sun, 10 May 2009 19:23:45 -0500
Subject: [5-DayForum] Craigs list header
In-Reply-To: <SNT116-W254796E9E36DAE8E4DB6E3AE620@phx.gbl>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
	<SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>
	<SNT116-W51765D9E7E92241FCD07BAE650@phx.gbl>
	<dd9cb71e0905092003h78219ba2lb1c88d70f0cae990@mail.gmail.com>
	<SNT116-W254796E9E36DAE8E4DB6E3AE620@phx.gbl>
Message-ID: <6d1543390905101723x61794818p5bdd7e3c625283b5@mail.gmail.com>

Hi Gina,

I'm doing a sale in Wisconsin too. (Door County) Mine will be next weekend.
I'm following the book as closely as possible and so far have 14 calls and
one bid (the guy is out of town for the open house but wants to be in on the
bidding anyway.)   I tried to re-invent the wheel myself a couple of times
on different houses with not a lot of success.  So now I'm trying it by the
book.  Will let you know how it works.   Note:  Anyone who wants to join me
in Door County next weekend, let me know....  Thanks,  Lynn

On Sun, May 10, 2009 at 4:18 PM, j crafor <jcrafor at hotmail.com> wrote:

> I like your thinking and the tweaks. I may look into doing something like
> that, too.
>
> A potential flag with listing with no price is that no one has any idea if
> it's a 100K house or a 500K house.
> Chances are no matter what price you would put on, you will get investors,
> people looking for a deal, and those folks who can't afford close to 100K.
>
> I have mine listed at a bit less than the lowest I will take for it. My
> rationale was similar to yours, and I had just done a 5Day on a different
> house in the same neighborhood, done by the book, except with more
> advertising. Bidders I got were what I mentioned above. The final bid was
> only 40K more than the listed price on that, and I did not sell. On this
> house, people know a start, that there is a minimum, and _I_ know they don't
> have to raisse the bids nearly as much, so there is hope it will sell.
>
> However, there is almost no movement here. People are apparently looking,
> but not a lot of buyng. My neighbor's house, on market for over a year, now
> at 160K, was just offered 90K, with him to pay all closing costs and a few
> more items.  He said he's head 4 lookers this past week, with agents. My
> house has a very visable for sale sign on it, and only ONE person called of
> his four.
> FWIW, both are nice, well kept, entry level houses--no REO, no fix-up, no
> short sales...
> JCrafor
> ------------------------------
> Date: Sat, 9 May 2009 22:03:23 -0500
> From: gnewell at tds.net
>
> It seems to me that there are two major issues:  1.  What should the
> initial list price be; and 2. What to do if one doesn?t get the required 25
> people to call or email within the time frame or in the event you don?t
> receive an acceptable bid by Sunday night.
>
> I?ve decided to do the following:
>
> 1.        I listed my ad in Craig?s List without a starting price at all.
> *Rationale:*  since it?s an auction, it really doesn?t matter what the
> starting/initial price is, the market will dictate the final outcome no
> matter what price I initially start with.
>
> 2.       Comments?
>
> --Gina
>
>
>
>
>
>
> ------------------------------
> Insert movie times and more without leaving Hotmail?. See how.<http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From gnewell at tds.net  Sun May 10 23:04:17 2009
From: gnewell at tds.net (gnewell tds.net)
Date: Sun, 10 May 2009 22:04:17 -0500
Subject: [5-DayForum] Craigs list header
In-Reply-To: <6d1543390905101723x61794818p5bdd7e3c625283b5@mail.gmail.com>
References: <25B648DA-8D1D-430B-BB0B-EE5A76A446BB@cox.net>
	<SNT116-W832C9D16A4BEC84D58006AE650@phx.gbl>
	<SNT116-W51765D9E7E92241FCD07BAE650@phx.gbl>
	<dd9cb71e0905092003h78219ba2lb1c88d70f0cae990@mail.gmail.com>
	<SNT116-W254796E9E36DAE8E4DB6E3AE620@phx.gbl>
	<6d1543390905101723x61794818p5bdd7e3c625283b5@mail.gmail.com>
Message-ID: <dd9cb71e0905102004qc501edbge4c01df13d8920ee@mail.gmail.com>

Hi Lynn:
  Good luck on selling your Door County house! Door County is a very
desirable place to live or have a second home, so I am optimistic you'll get
some good qualified bidders.

I appreciate the feedback from all of you regarding my "tweaking" the 5-day
rule.  My sole problem was the potential of not selling when I said I was
going to if I didn't get the 25 or a high enouigh bid and then having to
re-run the ad saying I was going to sell on Sunday again. I understand the
concept, but I didn't feel comfortable with it.
  I think people need a little more time to talk with their banker, mull it
over, and sleep on it before committal. I don't want anyone to have "buyer's
remorse" or feel like I'm a used car salesman and the offer is only good
today.

I'm comfortable not listing a starting price. I've read on other posts that
some people's first bid is $1.00--so why have a starting price at all if
people are bidding $1.00?

I only want to do this one time, so I am hopeful that it will work out.
I'll keep you all posted.  Thanks for the encouragement!
--Gina
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From patrycja at MIT.EDU  Thu May  7 13:56:20 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Thu, 7 May 2009 13:56:20 -0400
Subject: [5-DayForum] Selling a condo in MA
Message-ID: <E4EDB0F403984E489658469D57F37CC4@GEDELL690XP64>

Hi,

My husband and I are planning to sell our condo in Cambridge, MA via the 5-day method. We could use any helpful suggestions anyone has who's done the same. 

I have a few questions:
1. There are lots of buyers represented by agents in our area, do we just tell them that they will need to bid whatever the price is + 3% to be competitive?

2. There are options to list our house on MLS for a fixed fee. Is it worth it, or should we just follow with the usual fsbo websites?

3. We are not living in the condo but our tenants are. They are ok with us showing the house but we just cannot do the type of cleanup that we could do if we had been living there or the place was empty. Is that a really bad thing and how much can it affect the sale. We cannot ask them to move out most of their furniture etc. and we cannot ask them to clean up every one of their closets. Is it worth to wait, ask the tenants to move out and then sell it in 5 days?

4. Finally, any other advice (or help) is greatly appreciated.

Thank you in advance,
Patricia
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From rgnewell at charter.net  Sat May  9 08:01:07 2009
From: rgnewell at charter.net (The Newells)
Date: Sat, 9 May 2009 07:01:07 -0500
Subject: [5-DayForum] 5-Day Variation
Message-ID: <000001c9d09d$d65ef500$831cdf00$@net>

I am trying a variation of the 5-day method based upon recent posts by other
forum members in my area (Madison, WI).   It seems to me that there are two
major issues:  1.  What should the initial list price be; and 2. What to do
if one doesn't get the required 25 people to call or email within the time
frame or in the event you don't receive an acceptable bid by Sunday night.

I've decided to do the following: 

1.        I listed my ad in Craig's List without a starting price at all.
Rationale:  since it's an auction, it really doesn't matter what the
starting/initial price is, the market will dictate the final outcome no
matter what price I initially start with.  No starting price means no
inferring what the final or acceptable price might be. Heck, I don't even
know what the final acceptable price might be right now.  [I received three
inquiries within a few hours.]

2.       In order to avoid a "crying wolf" scenario if I don't get 25
callers or if I don't accept the highest offer on the first Sunday night and
then have to re-list in another week or two, I decided to advertise that the
house will be offered to the highest/best bid by May 31st and that there
will be open houses from 1-5pm on May 16/17; May 23/24; and May 30/31. 

Rationale:  what does it hurt that I have more open houses?  I want all
potential buyers to have the opportunity to view this house so I don't mind
investing some extra time. This method is very foreign in this area--the
settlement agent, a few realtors that I talked with, the building inspector,
etc. had never heard of this method, so I want to be sure people trust that
the house will be sold when I say it will be sold.

3.       The newspaper ads will run three consecutive weeks starting on
Monday, May 11 through Sunday, May 31st in the Open House section (I'll
remove the listed Open House dates as they expire).  I couldn't get the
formatting the same as the example, but it's close enough -just no box
around the ad.  Note: The ad taker couldn't believe that I didn't want the
address to appear in the ad!  She asked me to let her know how it worked out
afterwards. Rationale: There is a considerable price break for running
consecutive week ads, the whole "she-bang" only cost me $220, including a
listing in the newspaper's online classifieds.

4.       I will start calling people for the round-robin at 6 pm on Sunday
night, May 31st instead of 8 pm.  Rationale: My brain doesn't work after 9
pm on a Sunday night :>)

 

I know Bill Effros has posted before that if you don't follow the book to
the letter, then don't do the sale, but what worked in 2007 may need some
tweaking in 2009.  This recession/depression has hit most major area
corporations; even state workers (non-union) are mandated to take a week off
without pay. 

 

Comments?

--Gina 

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From rgnewell at charter.net  Sat May  9 22:52:33 2009
From: rgnewell at charter.net (The Newells)
Date: Sat, 9 May 2009 21:52:33 -0500
Subject: [5-DayForum] Your message to 5-DayForum awaits moderator
	approval
In-Reply-To: <mailman.5911.1241870488.1212.5-dayforum@mailman.howtosellyourhomein5days.com>
References: <mailman.5911.1241870488.1212.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <000301c9d11a$5dfce720$19f6b560$@net>

Actually, I am a member of the 5-day forum. I purchased the book and
subscribed to the forum, just under a different email address.
--Gina Newell

-----Original Message-----
From:
5-dayforum-bounces+rgnewell=charter.net at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+rgnewell=charter.net at mailman.howtosellyourhomein5
days.com] On Behalf Of
5-dayforum-bounces at mailman.howtosellyourhomein5days.com
Sent: Saturday, May 09, 2009 7:01 AM
To: rgnewell at charter.net
Subject: Your message to 5-DayForum awaits moderator approval

Your mail to '5-DayForum' with the subject

    5-Day Variation

Is being held until the list moderator can review it for approval.

The reason it is being held:

    Post by non-member to a members-only list

Either the message will get posted to the list, or you will receive
notification of the moderator's decision.  If you would like to cancel
this posting, please visit the following URL:

 
http://mailman.howtosellyourhomein5days.com/mailman/confirm.cgi/5-dayforum/e
af237f61db2d5c181ccf0668c0c69592c0eacdd


From bill at effros.com  Mon May 11 09:07:59 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 11 May 2009 09:07:59 -0400
Subject: [5-DayForum] My Bad
In-Reply-To: <BLU141-W27BFDDA75182BB25C889D8D6760@phx.gbl>
References: <982759625@mail.bummerhosting.com>	<BLU122-W291B2F70DBF04C29E9C3F1B4760@phx.gbl>
	<BLU141-W27BFDDA75182BB25C889D8D6760@phx.gbl>
Message-ID: <4A08232F.4050807@effros.com>

Sorry to all about this situation.  I have removed this individual from 
the Forum.

Just got back and am trying to straighten things out.

Will make some kind of adjustment so situations like this do not arise 
again.

Bill Effros
List Administrator

John DeMarco wrote:
>
> Who is this person that keeps autoresponding to every post. I get 5 
> emails from WE BUY HOUSES every new posting
> ------------------------------------------------------------------------
> From: real.estate.professor at hotmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Mon, 20 Apr 2009 09:32:34 -0500
> Subject: Re: [5-DayForum] How long should I wait to run another sale? 
> / help with my advertising.
>
> Does the term "spam" mean anything more to you than "lunchmeat?"
>  
> Kyle
>  
> > Date: Sun, 19 Apr 2009 23:06:19 -0500
> > From: webuyhouses at alyssamerriex.com
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: Re: [5-DayForum] How long should I wait to run another 
> sale? / help with my advertising.
> >
> > I'll be able to address your email personally as soon as possible, 
> and no later than by the end of the day tommorrow!
> >
> > I appreciate your patience and would like to offer you a special 
> treat while you're waiting! Just visit my website at 
> www.alyssamerriex.com right now! To request your FREE copy of our 
> Special Report: How You Can Sell Your Home within 9 days!
> >
> > Enjoy and I look forward to speaking with you soon!
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> ------------------------------------------------------------------------
> Rediscover Hotmail?: Get e-mail storage that grows with you. Check it 
> out. 
> <http://windowslive.com/RediscoverHotmail?ocid=TXT_TAGLM_WL_HM_Rediscover_Storage2_042009>
> ------------------------------------------------------------------------
> Windows Live?: Life without walls. Check it out. 
> <http://windowslive.com/explore?ocid=TXT_TAGLM_WL_allup_1b_explore_042009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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  Mon May 11 13:52:55 2009
From: tomhoffman at live.com (Tom Hoffman)
Date: Mon, 11 May 2009 11:52:55 -0600
Subject: [5-DayForum] 5-Day Variation
In-Reply-To: <000001c9d09d$d65ef500$831cdf00$@net>
References: <000001c9d09d$d65ef500$831cdf00$@net>
Message-ID: <BLU135-W29B3EB8F2AB7D35F63117B0630@phx.gbl>


Make certain you let us know how your sale worked.

Thanks,

Tom
 


From: rgnewell at charter.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Sat, 9 May 2009 07:01:07 -0500
Subject: [5-DayForum] 5-Day Variation





I am trying a variation of the 5-day method based upon recent posts by other forum members in my area (Madison, WI).   It seems to me that there are two major issues:  1.  What should the initial list price be; and 2. What to do if one doesn?t get the required 25 people to call or email within the time frame or in the event you don?t receive an acceptable bid by Sunday night.
I?ve decided to do the following: 
1.        I listed my ad in Craig?s List without a starting price at all. Rationale:  since it?s an auction, it really doesn?t matter what the starting/initial price is, the market will dictate the final outcome no matter what price I initially start with.  No starting price means no inferring what the final or acceptable price might be. Heck, I don?t even know what the final acceptable price might be right now.  [I received three inquiries within a few hours.]
2.       In order to avoid a ?crying wolf? scenario if I don?t get 25 callers or if I don?t accept the highest offer on the first Sunday night and then have to re-list in another week or two, I decided to advertise that the house will be offered to the highest/best bid by May 31st and that there will be open houses from 1-5pm on May 16/17; May 23/24; and May 30/31. 
Rationale:  what does it hurt that I have more open houses?  I want all potential buyers to have the opportunity to view this house so I don?t mind investing some extra time. This method is very foreign in this area--the settlement agent, a few realtors that I talked with, the building inspector, etc. had never heard of this method, so I want to be sure people trust that the house will be sold when I say it will be sold.
3.       The newspaper ads will run three consecutive weeks starting on Monday, May 11 through Sunday, May 31st in the Open House section (I?ll remove the listed Open House dates as they expire).  I couldn?t get the formatting the same as the example, but it?s close enough ?just no box around the ad.  Note: The ad taker couldn?t believe that I didn?t want the address to appear in the ad!  She asked me to let her know how it worked out afterwards. Rationale: There is a considerable price break for running consecutive week ads, the whole ?she-bang? only cost me $220, including a listing in the newspaper?s online classifieds.
4.       I will start calling people for the round-robin at 6 pm on Sunday night, May 31st instead of 8 pm.  Rationale: My brain doesn?t work after 9 pm on a Sunday night :>)
 
I know Bill Effros has posted before that if you don?t follow the book to the letter, then don?t do the sale, but what worked in 2007 may need some tweaking in 2009.  This recession/depression has hit most major area corporations; even state workers (non-union) are mandated to take a week off without pay. 
 
Comments?
--Gina 
_________________________________________________________________
Hotmail? has ever-growing storage! Don?t worry about storage limits.
http://windowslive.com/Tutorial/Hotmail/Storage?ocid=TXT_TAGLM_WL_HM_Tutorial_Storage1_052009
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From jcrafor at hotmail.com  Mon May 11 15:51:07 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 11 May 2009 19:51:07 +0000
Subject: [5-DayForum] Questions about my 5-day sale
In-Reply-To: <B874C042B2B245F6BBDB5732EDF17510@andyj85iu5c8c2>
References: <0KIQ00L5P3DBSBOB@vms173007.mailsrvcs.net>
	<SNT116-W32DF816F16F21A62B1593DAE710@phx.gbl> 
	<B874C042B2B245F6BBDB5732EDF17510@andyj85iu5c8c2>
Message-ID: <SNT116-W1118A33F30F2BFD11DA4B8AE630@phx.gbl>


For the first house, done in Jan, I advertised in both local papers, print and online editions, and Craigslist and Postlets. Only a few bidders came from the papers, and I haven't decided on the papers for this one or not. Great expense, and very little response. I will check comps and recent sales if I can, and decide Tuesday. All ads were as described in the book, except I did ad the line, undisclosed minimum reserve. 

 

Just got a call from an agent. The price is on the ad-132,500. He asked the price. (???)

Wanted to know if there was a minimum reserve, I told him yes, undisclosed. He asked what it was. (??? hehehe) I said, "It's  undisclosed." He asked, "When will you disclose it? 

"If the bids go over, I won't have to. If they don't, I don't know...

 

He asked If I am cooperating with agents and brokers. I asked him if he was either. He said he was. I explained that for the sale, no, any bid would have the commission added to the bid. He asked if I would list it if it wasn't sold this weekend. I told him I would, at market value. He did not ask for the address, so I guess he's not coming, and not sending clients!

JCrafor
 


From: azandy92 at cox.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Sun, 26 Apr 2009 17:59:17 -0700
Subject: Re: [5-DayForum] Questions about my 5-day sale




Could you please tell me where and how you advertised the house in Arizona? I am in Phoenix.

Andy

----- Original Message ----- 
From: j crafor 
To: 5-dayforum at mailman.how tosellyour home 
 
I'm preparing for a sale next week-end. the following is the list of rules I'm using
 

8825 E. Fruit Tree Drive
Tucson, AZ. 85730
(520) 546-9972  (520)907-1883         
jcrafor at hotmail.com
 
_________________________________________________________________
Insert movie times and more without leaving Hotmail?.
http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009
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From gnewell at tds.net  Mon May 11 16:27:52 2009
From: gnewell at tds.net (Gina Newell)
Date: Mon, 11 May 2009 15:27:52 -0500
Subject: [5-DayForum] Questions about my 5-day sale
In-Reply-To: <SNT116-W1118A33F30F2BFD11DA4B8AE630@phx.gbl>
References: <0KIQ00L5P3DBSBOB@vms173007.mailsrvcs.net>	<SNT116-W32DF816F16F21A62B1593DAE710@phx.gbl>
	<B874C042B2B245F6BBDB5732EDF17510@andyj85iu5c8c2>
	<SNT116-W1118A33F30F2BFD11DA4B8AE630@phx.gbl>
Message-ID: <00be01c9d276$f71a9c60$e54fd520$@net>

Funny story, keep them coming. I so much appreciate all of the forum
participants and the advice, anecdotes, and stories you have provided. The
forum validates all the trials and tribulations of selling a house while
trying to avoid paying the ridiculously high realtor commissions. Perhaps
I'm being unfair, but in my case, the only one that was going to make any
money on selling my house was the realtor. Luckily, the 6-month contract
expired without any real offers, so I am very hopeful that we'll be able to
sell it and at least break even-which I would be grateful for.

 

  My ads are running these next three weeks.  So far I've received 10
inquiries. They all ask "are you really going to sell your house no matter
what the bids are?"  I say "that's the plan" while at the same time crossing
my fingers that fair market value is reached so I don't become a liar.

--Gina

 

 

  

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From ddabiz at gmail.com  Mon May 11 17:12:40 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Mon, 11 May 2009 17:12:40 -0400
Subject: [5-DayForum] Question & advice...please
Message-ID: <eff2c1030905111412h74a68785vf7839b1aaee6db14@mail.gmail.com>

Ok, my ads are placed...
   ...and I'll await the minimum of 25 calls on Friday night.
   Now, other than Craig's List, could anyone give me any other on-line
sources
   for my 5-day ad?

   Thanks!  Debi
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From jotis at leadershipinst.org  Mon May 11 20:33:29 2009
From: jotis at leadershipinst.org (Jeff Otis)
Date: Mon, 11 May 2009 20:33:29 -0400
Subject: [5-DayForum] ATTENTION MODERATOR: HELP! [[[How long should I
	wait to run	another sale? / help	with my advertising.
In-Reply-To: <982803112@mail.bummerhosting.com>
References: <982803112@mail.bummerhosting.com>
Message-ID: <000601c9d299$4685c190$d39144b0$@org>

HELP! MODERATOR! THE SPAMMER USING MEMBERS' ADDRESS TO HIDE ORIGIN OF THE
SEND - (www.alyssamerriex.com!) WILL YOU HELP? IT'S BEEN WEEKS NOW THAT WE
RECEIVE THIS MULTIPLE TIMES. THANKS.

-----Original Message-----
From:
5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhomein5days
.com
[mailto:5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhom
ein5days.com] On Behalf Of Webuyhouses
Sent: Monday, April 20, 2009 1:21 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] ATTENTION MODERATOR: How long should I wait to run
another sale? / help with my advertising.

I'll be able to address your email personally as soon as possible, and no
later than by the end of the day tommorrow!

I appreciate your patience and would like to offer you a special treat while
you're waiting!  Just visit my website at www.alyssamerriex.com right now!
To request your FREE copy of our Special Report: How You Can Sell Your Home
within 9 days!  

Enjoy and I look forward to speaking with you soon!

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


From bill at effros.com  Mon May 11 20:39:15 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 11 May 2009 20:39:15 -0400
Subject: [5-DayForum] ATTENTION MODERATOR: HELP! [[[How long should I
 wait to run	another sale? / help	with my advertising.
In-Reply-To: <000601c9d299$4685c190$d39144b0$@org>
References: <982803112@mail.bummerhosting.com>
	<000601c9d299$4685c190$d39144b0$@org>
Message-ID: <4A08C533.3080809@effros.com>

Jeff,

I knocked this person off the list this morning.  Let me know if the 
problem continues tomorrow, and I'll put my computer guy on it.

Sorry for the trouble, I have not been paying attention to this list, 
and things like this crop up when I'm not on top of my game.

I'm trying to get it under control.

Bill Effros
List Moderator

Jeff Otis wrote:
> HELP! MODERATOR! THE SPAMMER USING MEMBERS' ADDRESS TO HIDE ORIGIN OF THE
> SEND - (www.alyssamerriex.com!) WILL YOU HELP? IT'S BEEN WEEKS NOW THAT WE
> RECEIVE THIS MULTIPLE TIMES. THANKS.
>
> -----Original Message-----
> From:
> 5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhomein5days
> .com
> [mailto:5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhom
> ein5days.com] On Behalf Of Webuyhouses
> Sent: Monday, April 20, 2009 1:21 PM
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] ATTENTION MODERATOR: How long should I wait to run
> another sale? / help with my advertising.
>
> I'll be able to address your email personally as soon as possible, and no
> later than by the end of the day tommorrow!
>
> I appreciate your patience and would like to offer you a special treat while
> you're waiting!  Just visit my website at www.alyssamerriex.com right now!
> To request your FREE copy of our Special Report: How You Can Sell Your Home
> within 9 days!  
>
> Enjoy and I look forward to speaking with you soon!
>
> _______________________________________________
> 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 jcrafor at hotmail.com  Mon May 11 21:26:55 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 12 May 2009 01:26:55 +0000
Subject: [5-DayForum] Question & advice...please
In-Reply-To: <eff2c1030905111412h74a68785vf7839b1aaee6db14@mail.gmail.com>
References: <eff2c1030905111412h74a68785vf7839b1aaee6db14@mail.gmail.com>
Message-ID: <SNT116-W598667A8507B15F4CE268CAE600@phx.gbl>


I think this is probably close to correct, but do check.  There may be more...
JCrafor
 
 
www.googlebase.com            automatic/postlets 
www.oodle.com              automatic/postlets
www.hotpads.com            automatic/postlets 
ByOwnerMLS               automatic/postlets
DotHomes                    automatic/postlets
Others  ??                    automatic/postlets
www.backpage.com      automatic/postlets 
www.vast.com            automatic/postlets
Enormo                        automatic/postlets
www.zillow.com            automatic/postlets
 
www.trulia.com
 
 www.myspace.com
www.linkedin.com
www.twitter.com
www.friendfeed.com
www.facebook.com
www.tagged.com
 www.frontdoor.com
www.kijiji.com
www.geebo.com
www.widget.com
www.vFlyer.com
www.stumblehere.com
www.ebid.com
www.americanclassifieds.com
www.reauction.com
www.makeauction.com
 

 


Date: Mon, 11 May 2009 17:12:40 -0400
From: ddabiz at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Question & advice...please


Ok, my ads are placed...
   ...and I'll await the minimum of 25 calls on Friday night.
   Now, other than Craig's List, could anyone give me any other on-line sources
   for my 5-day ad?

   Thanks!  Debi
_________________________________________________________________
Insert movie times and more without leaving Hotmail?.
http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009
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From real.estate.professor at hotmail.com  Tue May 12 08:49:25 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 12 May 2009 07:49:25 -0500
Subject: [5-DayForum] Quick question re: vacation properties
In-Reply-To: <af42b0d90904201808r4fb0654aq71b4514915e3a9ac@mail.gmail.com>
References: <af42b0d90904201808r4fb0654aq71b4514915e3a9ac@mail.gmail.com>
Message-ID: <BLU122-W334CDADD642EA7DCA7D0A4B4600@phx.gbl>


Hi Fawn:

 

The answer is yes ...

 

We are a Denver based firm and just picked up a $2.5mm Vail property and are about to roll-out a new ski resort 5 Day Sale auction site.

 

Check out our sites at:

 

www.AuctionBySeller.com

 

www.AuctionByBuilder.com 

 

www.AuctionByBanks.com 

 

Good luck!

 

Kyle Cascioli

www.AuctionBySeller.com 

 


 


Date: Mon, 20 Apr 2009 21:08:48 -0400
From: fawn.batchelor at gmail.com
To: 5-dayforum at howtosellyourhomein5days.com
Subject: [5-DayForum] Quick question re: vacation properties

Hi there--- i purchased and read your book yesterday, given that we own a property in Breckenridge, CO that, for the past three years, we've rented out for weekly rentals -- our permanent home is in Ft. Lauderdale, FL.  We now would like to put it on the market and have just hung the "For Sale" sign.  My question: Has there been any success with properties such as ours with the 5-day method?  i.e. vacation rental home in a resort town???  Thanks!
_________________________________________________________________
Insert movie times and more without leaving Hotmail?.
http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009
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From jlamont51 at cox.net  Tue May 12 11:29:58 2009
From: jlamont51 at cox.net (jlamont)
Date: Tue, 12 May 2009 08:29:58 -0700
Subject: [5-DayForum] ATTENTION MODERATOR: HELP! [[[How long should I
	wait to run	another sale? / help	with my advertising.
References: <982803112@mail.bummerhosting.com><000601c9d299$4685c190$d39144b0$@org>
	<4A08C533.3080809@effros.com>
Message-ID: <018801c9d316$82947b40$6601a8c0@Jeanne>

pleas remove me form your list. thank you
----- 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, May 11, 2009 5:39 PM
Subject: Re: [5-DayForum] ATTENTION MODERATOR: HELP! [[[How long should I 
wait to run another sale? / help with my advertising.


> Jeff,
>
> I knocked this person off the list this morning.  Let me know if the
> problem continues tomorrow, and I'll put my computer guy on it.
>
> Sorry for the trouble, I have not been paying attention to this list,
> and things like this crop up when I'm not on top of my game.
>
> I'm trying to get it under control.
>
> Bill Effros
> List Moderator
>
> Jeff Otis wrote:
>> HELP! MODERATOR! THE SPAMMER USING MEMBERS' ADDRESS TO HIDE ORIGIN OF THE
>> SEND - (www.alyssamerriex.com!) WILL YOU HELP? IT'S BEEN WEEKS NOW THAT 
>> WE
>> RECEIVE THIS MULTIPLE TIMES. THANKS.
>>
>> -----Original Message-----
>> From:
>> 5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhomein5days
>> .com
>> [mailto:5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhom
>> ein5days.com] On Behalf Of Webuyhouses
>> Sent: Monday, April 20, 2009 1:21 PM
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Subject: Re: [5-DayForum] ATTENTION MODERATOR: How long should I wait to 
>> run
>> another sale? / help with my advertising.
>>
>> I'll be able to address your email personally as soon as possible, and no
>> later than by the end of the day tommorrow!
>>
>> I appreciate your patience and would like to offer you a special treat 
>> while
>> you're waiting!  Just visit my website at www.alyssamerriex.com right 
>> now!
>> To request your FREE copy of our Special Report: How You Can Sell Your 
>> Home
>> within 9 days!
>>
>> Enjoy and I look forward to speaking with you soon!
>>
>> _______________________________________________
>> 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 rosemarie-fred at mindspring.com  Tue May 12 11:46:06 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Tue, 12 May 2009 11:46:06 -0400
Subject: [5-DayForum] Question & advice...please
References: <eff2c1030905111412h74a68785vf7839b1aaee6db14@mail.gmail.com>
Message-ID: <69AAB6659EE449A3AC51B90A99B2621D@rosemarifv6onv>

www.Postlets.com. They also post to other sites for you.
Rosemarie
  ----- Original Message ----- 
  From: Debi Detwiler 
  To: How To Sell Your Home in 5-Days 
  Sent: Monday, May 11, 2009 5:12 PM
  Subject: [5-DayForum] Question & advice...please


  Ok, my ads are placed...
     ...and I'll await the minimum of 25 calls on Friday night.
     Now, other than Craig's List, could anyone give me any other on-line sources
     for my 5-day ad?

     Thanks!  Debi


------------------------------------------------------------------------------


  _______________________________________________
  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  Tue May 12 12:39:59 2009
From: keith.pinster at comcast.net (Keith R. Pinster)
Date: Tue, 12 May 2009 09:39:59 -0700
Subject: [5-DayForum] ATTENTION MODERATOR: HELP! [stopping spam]
In-Reply-To: <000601c9d299$4685c190$d39144b0$@org>
References: <982803112@mail.bummerhosting.com>
	<000601c9d299$4685c190$d39144b0$@org>
Message-ID: <0A1DA284F533439FA041A88D5C7F85EB@KeithsDell>

There is NO WAY for Bill to stop this.  For those that know what they are
doing, they can make an email appear to come from any address (this is
actually incredibly easy).  Bill has NO CONTROL over this.  

You can try pushing any message from the specific sender to junk mail.  If
you are using Outlook, you right-click on the mail message, go down the
pop-up menu to Junk E-mail and choose Add Sender to Blocked Senders List.
That will at least cause those emails to get pushed to your Junk E-mailbox
folder.  This won't effect any other messages coming from the 5-day sale
forum.

Hope this clears things up.

-----Original Message-----
From: Jeff Otis [mailto:jotis at leadershipinst.org] 
Sent: Monday, May 11, 2009 5:33 PM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] ATTENTION MODERATOR: HELP! [[[How long should
Iwait to run another sale? / help with my advertising.

HELP! MODERATOR! THE SPAMMER USING MEMBERS' ADDRESS TO HIDE ORIGIN OF THE
SEND - (www.alyssamerriex.com!) WILL YOU HELP? IT'S BEEN WEEKS NOW THAT WE
RECEIVE THIS MULTIPLE TIMES. THANKS.

-----Original Message-----
From:
5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhomein5days
.com
[mailto:5-dayforum-bounces+jotis=leadershipinst.org at mailman.howtosellyourhom
ein5days.com] On Behalf Of Webuyhouses
Sent: Monday, April 20, 2009 1:21 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] ATTENTION MODERATOR: How long should I wait to run
another sale? / help with my advertising.

I'll be able to address your email personally as soon as possible, and no
later than by the end of the day tommorrow!

I appreciate your patience and would like to offer you a special treat while
you're waiting!  Just visit my website at www.alyssamerriex.com right now!
To request your FREE copy of our Special Report: How You Can Sell Your Home
within 9 days!  

Enjoy and I look forward to speaking with you soon!

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




From marshall.scott at yahoo.com  Mon May 11 21:38:34 2009
From: marshall.scott at yahoo.com (Marshall Scott)
Date: Mon, 11 May 2009 18:38:34 -0700 (PDT)
Subject: [5-DayForum] Question & advice...please
In-Reply-To: <SNT116-W598667A8507B15F4CE268CAE600@phx.gbl>
References: <eff2c1030905111412h74a68785vf7839b1aaee6db14@mail.gmail.com>
	<SNT116-W598667A8507B15F4CE268CAE600@phx.gbl>
Message-ID: <598946.26114.qm@web65601.mail.ac4.yahoo.com>

Has anyone tried a serious Adwords local campaign?



________________________________
From: j crafor <jcrafor at hotmail.com>
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 11, 2009 9:26:55 PM
Subject: Re: [5-DayForum] Question & advice...please


I think this is probably close to correct, but do check.  There may be more...
JCrafor
 
 
www.googlebase.com            automatic/postlets 
www.oodle.com              automatic/postlets
www.hotpads.com            automatic/postlets
ByOwnerMLS               automatic/postlets
DotHomes                    automatic/postlets
Others  ??                    automatic/postlets
www.backpage.com      automatic/postlets
www.vast.com            automatic/postlets
Enormo                        automatic/postlets
www.zillow.com            automatic/postlets
 


www.trulia.com
 
 www.myspace.com
www.linkedin.com
www.twitter.com
www.friendfeed.com
www.facebook.com
www.tagged.com
 www.frontdoor.com
www.kijiji.com
www.geebo.com
www.widget.com
www.vFlyer.com
www.stumblehere.com
www.ebid.com
www.americanclassifieds.com
www.reauction.com
www.makeauction.com


 
 
________________________________
 Date: Mon, 11 May 2009 17:12:40 -0400
From: ddabiz at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Question & advice...please


Ok, my ads are placed...
   ...and I'll await the minimum of 25 calls on Friday night.
   Now, other than Craig's List, could anyone give me any other on-line sources
   for my 5-day ad?

   Thanks!  Debi
________________________________
Insert movie times and more without leaving Hotmail?. See how. 


      
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From greg at apiexchange.com  Mon May 11 22:26:03 2009
From: greg at apiexchange.com (Greg Lehrmann - Asset Preservation, Inc.)
Date: Mon, 11 May 2009 19:26:03 -0700
Subject: [5-DayForum]  Craigs list header
Message-ID: <4F9B8A9332318747AB9A6D1FF4EA40F708843ACC@wally-too>

Did you get an answer to your Question?  I have the EXACT same question!

 

Greg Lehrmann, Esq.

Board Certified, Commercial Real Estate Law

 and Residential Real Estate Law

Texas Division Manager

 

Asset Preservation, Inc.

4205 Gateway Drive, Suite 201

Colleyville, TX 76034

(817) 300-3851

(817) 796-2876 (fax)

greg at apiexchange.com <mailto:greg at apiexchange.com> 

www.apiexchange.com <http://www.apiexchange.com> 

 

P Please consider the environment before printing this e-mail

 

As a "Qualified Intermediary" as defined in the Section 1031
regulations, Asset Preservation, Inc. is not able to provide legal or
tax advice.  Accordingly, you should review the details of your specific
transaction with your own legal or tax advisor.

 

Confidentiality Notice:  This message may contain confidential and
privileged material for the sole use of the intended recipient(s).  Any
review, use, distribution or disclosure by others is strictly
prohibited.  If you are not the intended recipient (or authorized to
receive from the recipient), please contact the sender and destroy all
copies of the message.

 

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From greg at apiexchange.com  Tue May 12 18:03:15 2009
From: greg at apiexchange.com (Greg Lehrmann - Asset Preservation, Inc.)
Date: Tue, 12 May 2009 15:03:15 -0700
Subject: [5-DayForum] confirm
Message-ID: <4F9B8A9332318747AB9A6D1FF4EA40F708946350@wally-too>

 

 

Greg Lehrmann, Esq.

Board Certified, Commercial Real Estate Law

 and Residential Real Estate Law

Texas Division Manager

 

Asset Preservation, Inc.

4205 Gateway Drive, Suite 201

Colleyville, TX 76034

(817) 300-3851

(817) 796-2876 (fax)

greg at apiexchange.com <mailto:greg at apiexchange.com> 

www.apiexchange.com <http://www.apiexchange.com> 

 

P Please consider the environment before printing this e-mail

 

As a "Qualified Intermediary" as defined in the Section 1031
regulations, Asset Preservation, Inc. is not able to provide legal or
tax advice.  Accordingly, you should review the details of your specific
transaction with your own legal or tax advisor.

 

Confidentiality Notice:  This message may contain confidential and
privileged material for the sole use of the intended recipient(s).  Any
review, use, distribution or disclosure by others is strictly
prohibited.  If you are not the intended recipient (or authorized to
receive from the recipient), please contact the sender and destroy all
copies of the message.

 

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From ddabiz at gmail.com  Wed May 13 08:57:52 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Wed, 13 May 2009 08:57:52 -0400
Subject: [5-DayForum] Craigs list header
In-Reply-To: <4F9B8A9332318747AB9A6D1FF4EA40F708843ACC@wally-too>
References: <4F9B8A9332318747AB9A6D1FF4EA40F708843ACC@wally-too>
Message-ID: <eff2c1030905130557x1f7335fbs15b2c9bb73f990ed@mail.gmail.com>

Hi Greg,
well here's what one person sent me.  However, some of these you have to pay
for listings.  I don't mind doing that except I've spent about $750 on
newspaper ads so far.  I'll do some more research and decide what to do
today.  It's Wed, so it's time.  Let me know what you find out.  Debi

www.googlebase.com            automatic/postlets
www.oodle.com              automatic/postlets
www.hotpads.com            automatic/postlets
ByOwnerMLS               automatic/postlets
DotHomes                    automatic/postlets
Others  ??                    automatic/postlets
www.backpage.com      automatic/postlets
www.vast.com            automatic/postlets
Enormo                        automatic/postlets
www.zillow.com            automatic/postlets


www.trulia.com

 www.myspace.com
www.linkedin.com
www.twitter.com
www.friendfeed.com
www.facebook.com
www.tagged.com
 www.frontdoor.com
www.kijiji.com
www.geebo.com
www.widget.com
www.vFlyer.com <http://www.vflyer.com/>
www.stumblehere.com
www.ebid.com
www.americanclassifieds.com
www.reauction.com
www.makeauction.com

On Mon, May 11, 2009 at 10:26 PM, Greg Lehrmann - Asset Preservation, Inc. <
greg at apiexchange.com> wrote:

>  Did you get an answer to your Question?  I have the EXACT same question!
>
>
>
> Greg Lehrmann, Esq.
>
> Board Certified, Commercial Real Estate Law
>
>  and Residential Real Estate Law
>
> Texas Division Manager
>
>
>
> *Asset Preservation, Inc.*
>
> 4205 Gateway Drive, Suite 201
>
> Colleyville, TX 76034
>
> (817) 300-3851
>
> (817) 796-2876 (fax)
>
> greg at apiexchange.com
>
> www.apiexchange.com
>
>
>
> P *Please consider the environment before printing this e-mail*
>
>
>
> *As a "Qualified Intermediary" as defined in the Section 1031 regulations,
> Asset Preservation, Inc. is not able to provide legal or tax advice.
> Accordingly, you should review the details of your specific transaction with
> your own legal or tax advisor.*
>
>
>
> *Confidentiality Notice:  This message may contain confidential and
> privileged material for the sole use of the intended recipient(s).  Any
> review, use, distribution or disclosure by others is strictly prohibited.
> If you are not the intended recipient (or authorized to receive from the
> recipient), please contact the sender and destroy all copies of the message.
> *
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From culffhomes at charter.net  Wed May 13 10:22:43 2009
From: culffhomes at charter.net (culffhomes at charter.net)
Date: Wed, 13 May 2009 7:22:43 -0700
Subject: [5-DayForum] classified advertising
Message-ID: <20090513102243.S6PYV.2621760.root@mp20>

should I place my 5 day adv.under price classification section?

From Aaron at eurofixonline.com  Wed May 13 11:07:13 2009
From: Aaron at eurofixonline.com (Aaron Stokes)
Date: Wed, 13 May 2009 10:07:13 -0500
Subject: [5-DayForum] Questions about my 5-day sale
References: <0KIQ00L5P3DBSBOB@vms173007.mailsrvcs.net>	<SNT116-W32DF816F16F21A62B1593DAE710@phx.gbl><B874C042B2B245F6BBDB5732EDF17510@andyj85iu5c8c2><SNT116-W1118A33F30F2BFD11DA4B8AE630@phx.gbl>
	<00be01c9d276$f71a9c60$e54fd520$@net>
Message-ID: <16FBF89D9FFE4767A69D06D94A66709E@aaroncomputer>

Please keep us informed on how it goes. I'm very interested in your method. I think I am leaning that way my self.


Aaron 





---- Original Message ----- 
  From: Gina Newell 
  To: 'How To Sell Your Home in 5-Days' 
  Sent: Monday, May 11, 2009 3:27 PM
  Subject: Re: [5-DayForum] Questions about my 5-day sale


  Funny story, keep them coming. I so much appreciate all of the forum participants and the advice, anecdotes, and stories you have provided. The forum validates all the trials and tribulations of selling a house while trying to avoid paying the ridiculously high realtor commissions. Perhaps I'm being unfair, but in my case, the only one that was going to make any money on selling my house was the realtor. Luckily, the 6-month contract expired without any real offers, so I am very hopeful that we'll be able to sell it and at least break even-which I would be grateful for.

   

    My ads are running these next three weeks.  So far I've received 10 inquiries. They all ask "are you really going to sell your house no matter what the bids are?"  I say "that's the plan" while at the same time crossing my fingers that fair market value is reached so I don't become a liar.

  --Gina

   

   

    
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From patrycja at MIT.EDU  Wed May 13 15:29:41 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Wed, 13 May 2009 15:29:41 -0400
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price is
	too low
Message-ID: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>

Can a buyer sue b/c we decide not to sell b/c the price is too low?

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From patrycja at MIT.EDU  Wed May 13 15:32:02 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Wed, 13 May 2009 15:32:02 -0400
Subject: [5-DayForum] Need help, listing in the Boston area
Message-ID: <4412578554474A2EB7DB43A7D9E878CD@GEDELL690XP64>

Hi,

We just listed on the Boston area craigslist.org last night and on local newspaper websites. We have only gotten 1 call so far (it's Wednesday afternoon), should we be worried?

Anyone in the area willing to help out ? We have paper ads as well. We need some help possibly to staple ads in  Boston, Cambridge, Somerville and surrounding neighborhoods?

Thanks,

Patricia
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From rosemary_505 at hotmail.com  Wed May 13 17:22:51 2009
From: rosemary_505 at hotmail.com (Rosemary LaColla)
Date: Wed, 13 May 2009 17:22:51 -0400
Subject: [5-DayForum] FW: Welcome to the "5-DayForum" mailing list
In-Reply-To: <mailman.0.1242249487.17719.5-dayforum@mailman.howtosellyourhomein5days.com>
References: <mailman.0.1242249487.17719.5-dayforum@mailman.howtosellyourhomein5days.com>
Message-ID: <BAY138-W60073F5D1E2A8644B84C1AC610@phx.gbl>



 
> Subject: Welcome to the "5-DayForum" mailing list
> From: 5-dayforum-request at mailman.howtosellyourhomein5days.com
> To: Rosemary_505 at hotmail.com
> Date: Wed, 13 May 2009 17:18:07 -0400
> 
> Welcome to the 5-DayForum at mailman.howtosellyourhomein5days.com mailing
> list!
> 
> To post to this list, send your email to:
> 
> 5-dayforum at mailman.howtosellyourhomein5days.com
> 
> General information about the mailing list is at:
> 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> If you ever want to unsubscribe or change your options (eg, switch to
> or from digest mode, change your password, etc.), visit your
> subscription page at:
> 
> http://mailman.howtosellyourhomein5days.com/mailman/options.cgi/5-dayforum/rosemary_505%40hotmail.com
> 
> 
> You can also make such adjustments via email by sending a message to:
> 
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From tgarter at comcast.net  Wed May 13 20:21:21 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Thu, 14 May 2009 00:21:21 +0000 (UTC)
Subject: [5-DayForum] Craigs list header
In-Reply-To: <eff2c1030905130557x1f7335fbs15b2c9bb73f990ed@mail.gmail.com>
Message-ID: <2091484847.1563351242260481255.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

FYI - to the forum, 
I started my newspaper ad today. It cost $285 and it really stands out from every other ad. (That is the price to run through Sunday) I have not received one call as of 8:20 this evening. I also posted a craigslist ad and have received 22 email requests for the address. 
Tom Garter 
Portage Michigan (near Kalamazoo) 
tgarter at comcast.net 
----- Original Message ----- 
From: "Debi Detwiler" <ddabiz at gmail.com> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Wednesday, May 13, 2009 8:57:52 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Craigs list header 


Hi Greg, 
well here's what one person sent me. However, some of these you have to pay for listings. I don't mind doing that except I've spent about $750 on newspaper ads so far. I'll do some more research and decide what to do today. It's Wed, so it's time. Let me know what you find out. Debi 

www.googlebase.com automatic/postlets 
www.oodle.com automatic/postlets 
www.hotpads.com automatic/postlets 
ByOwnerMLS automatic/postlets 
DotHomes automatic/postlets 
Others ?? automatic/postlets 
www.backpage.com automatic/postlets 
www.vast.com automatic/postlets 
Enormo automatic/postlets 
www.zillow.com automatic/postlets 


www.trulia.com 

www.myspace.com 
www.linkedin.com 
www.twitter.com 
www.friendfeed.com 
www.facebook.com 
www.tagged.com 
www.frontdoor.com 
www.kijiji.com 
www.geebo.com 
www.widget.com 
www.vFlyer.com 
www.stumblehere.com 
www.ebid.com 
www.americanclassifieds.com 
www.reauction.com 
www.makeauction.com 


On Mon, May 11, 2009 at 10:26 PM, Greg Lehrmann - Asset Preservation, Inc. < greg at apiexchange.com > wrote: 






Did you get an answer to your Question? I have the EXACT same question! 



Greg Lehrmann, Esq. 

Board Certified, Commercial Real Estate Law 

and Residential Real Estate Law 

Texas Division Manager 



Asset Preservation, Inc. 

4205 Gateway Drive, Suite 201 

Colleyville, TX 76034 

(817) 300-3851 

(817) 796-2876 (fax) 

greg at apiexchange.com 

www.apiexchange.com 



P Please consider the environment before printing this e-mail 



As a "Qualified Intermediary" as defined in the Section 1031 regulations, Asset Preservation, Inc. is not able to provide legal or tax advice. Accordingly, you should review the details of your specific transaction with your own legal or tax advisor. 



Confidentiality Notice: This message may contain confidential and privileged material for the sole use of the intended recipient(s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive from the recipient), please contact the sender and destroy all copies of the message. 


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From rosemarie-fred at mindspring.com  Wed May 13 22:24:57 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Wed, 13 May 2009 22:24:57 -0400
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price
	istoo low
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
Message-ID: <12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie
  ----- Original Message ----- 
  From: Patrycja Vasilyev Missiuro 
  To: 5-dayforum at howtosellyourhomein5days.com 
  Sent: Wednesday, May 13, 2009 3:29 PM
  Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


  Can a buyer sue b/c we decide not to sell b/c the price is too low?




------------------------------------------------------------------------------


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From bvgore at insightbb.com  Wed May 13 23:22:08 2009
From: bvgore at insightbb.com (bvgore)
Date: Wed, 13 May 2009 23:22:08 -0400
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
Message-ID: <EA97D4F896DD44C184B1C0E8F46DCE88@Main>

Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
  ----- Original Message ----- 
  From: rosemarie-fred 
  To: How To Sell Your Home in 5-Days 
  Sent: Wednesday, May 13, 2009 10:24 PM
  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


  Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
  Rosemarie
    ----- Original Message ----- 
    From: Patrycja Vasilyev Missiuro 
    To: 5-dayforum at howtosellyourhomein5days.com 
    Sent: Wednesday, May 13, 2009 3:29 PM
    Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


    Can a buyer sue b/c we decide not to sell b/c the price is too low?




----------------------------------------------------------------------------


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From joanvickers13 at yahoo.com  Thu May 14 00:21:51 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Wed, 13 May 2009 21:21:51 -0700 (PDT)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
In-Reply-To: <EA97D4F896DD44C184B1C0E8F46DCE88@Main>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
Message-ID: <667567.35023.qm@web110615.mail.gq1.yahoo.com>

Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 
Joan Vickers




________________________________
From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie
----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

Can a buyer sue b/c we decide not to sell b/c the price is too low?
?

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

________________________________
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From mautry at verizon.net  Thu May 14 01:19:45 2009
From: mautry at verizon.net (Myron Autry)
Date: Thu, 14 May 2009 01:19:45 -0400
Subject: [5-DayForum] Maryland % day sale
Message-ID: <3949F046-92CE-4B58-A706-F12D572E9D38@verizon.net>

Is there anyone in the Baltimore, Maryland area doing 5-day sales? I  
am looking to do my first.

Myron Autry
mautry at verizon.net
443-278-4758






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From jlamont51 at cox.net  Thu May 14 11:43:36 2009
From: jlamont51 at cox.net (jlamont)
Date: Thu, 14 May 2009 08:43:36 -0700
Subject: [5-DayForum] ATTENTION MODERATOR: HELP remove me from your list
References: <982803112@mail.bummerhosting.com><000601c9d299$4685c190$d39144b0$@org><4A08C533.3080809@effros.com>
	<018801c9d316$82947b40$6601a8c0@Jeanne>
Message-ID: <057e01c9d4aa$bee187b0$6601a8c0@Jeanne>

PLEASE REMOVE ME FROM YOUR LIST.Thank You.

From gnewell at tds.net  Thu May 14 11:58:05 2009
From: gnewell at tds.net (Gina Newell)
Date: Thu, 14 May 2009 10:58:05 -0500
Subject: [5-DayForum] House Sold
Message-ID: <004d01c9d4ac$c69162d0$53b42870$@net>

Hello folks:
  I wish I could tell you that my "tweaked 5-day" method worked to sell the
house we renovated to sell, but I had to withdraw the auction before it
started this week-end. We had previously listed the house with a realtor
before I found the 5-day method. The realtor's contract expired April 30,
but he brought an offer to the table yesterday from a person who viewed the
house right before the contract expired. It was an offer we couldn't
refuse..although unfortunately we have to pay 6% realtor/broker's fees.

To repeat myself from previous postings, I was not comfortable saying the
house would sell by Sunday night when in fact that might not be the case. So
I decided to advertise for 3 solid weeks and sell by May 31st and did not
list a starting price.  I will definitely try a tweaked version of the 5-day
method again when I'm ready to sell my current house. I am sure there must
be some very reputable realtors out there, but as of yet, I have not had the
pleasure of doing business with any of them.

Good luck to all of you and thank you for all your advice.
Gina from Madison, WI
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From hollymac2 at yahoo.com  Thu May 14 14:31:39 2009
From: hollymac2 at yahoo.com (Holly MacIntyre)
Date: Thu, 14 May 2009 11:31:39 -0700 (PDT)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
Message-ID: <423167.70159.qm@web53602.mail.re2.yahoo.com>

Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors.? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
?
Keep us posted on what you decide.? I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM






Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low




Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
?
?



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




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From lynncorcoranster at gmail.com  Thu May 14 20:40:59 2009
From: lynncorcoranster at gmail.com (lynn Corcoran)
Date: Thu, 14 May 2009 19:40:59 -0500
Subject: [5-DayForum] Need help with "list of rules"
Message-ID: <6d1543390905141740s220bd76bydfce1fe3307638e2@mail.gmail.com>

Hi,

I'm "almost" ready to go for Saturday and Sunday.  Have enthusiasm, Have
over 25 calls....have a building inspection....have all of the originals
ready to be copied tomorrow.  *Also*...*have no idea what to put on my list
of rules* except that no one is bound to anything except after a legal offer
to purchase has been signed by both parties.  *Please*...can someone send me
their list of rules to give me some idea what should be on it.  I,
unfortunately, need it within twelve hours because the house is not in my
town and not near my computer.  Is there anyone who can help me with this.
Thanks.
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From joanvickers13 at yahoo.com  Thu May 14 21:39:27 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Thu, 14 May 2009 18:39:27 -0700 (PDT)
Subject: [5-DayForum] Need help with "list of rules"
In-Reply-To: <6d1543390905141740s220bd76bydfce1fe3307638e2@mail.gmail.com>
References: <6d1543390905141740s220bd76bydfce1fe3307638e2@mail.gmail.com>
Message-ID: <583273.45230.qm@web110606.mail.gq1.yahoo.com>

Hi, 
It is on the web site under templates.
Take care, Joan Vickers




________________________________
From: lynn Corcoran <lynncorcoranster at gmail.com>
To: 5-dayforum at howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 6:40:59 PM
Subject: [5-DayForum] Need help with "list of rules"

Hi,

I'm "almost" ready to go for Saturday and Sunday.? Have enthusiasm, Have over 25 calls....have a building inspection....have all of the originals ready to be copied tomorrow.? Also...have no idea what to put on my list of rules except that no one is bound to anything except after a legal offer to purchase has been signed by both parties.? Please...can someone send me their list of rules to give me some idea what should be on it.? I, unfortunately, need it within twelve hours because the house is not in my town and not near my computer.? Is there anyone who can help me with this.? Thanks. ? 



      
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From lynncorcoranster at gmail.com  Thu May 14 21:54:07 2009
From: lynncorcoranster at gmail.com (lynn Corcoran)
Date: Thu, 14 May 2009 20:54:07 -0500
Subject: [5-DayForum] Need help with "list of rules"
In-Reply-To: <583273.45230.qm@web110606.mail.gq1.yahoo.com>
References: <6d1543390905141740s220bd76bydfce1fe3307638e2@mail.gmail.com>
	<583273.45230.qm@web110606.mail.gq1.yahoo.com>
Message-ID: <6d1543390905141854pe06f342w9a73a1a09aecd690@mail.gmail.com>

Found several things but no list of rules.  Using the Inspection sheet,
Bidding method and round robin bidding sheet.  Couldn't find list of rules
under templates.  Feeling stupid *and blind*!

On Thu, May 14, 2009 at 8:39 PM, Joan Vickers <joanvickers13 at yahoo.com>wrote:

> Hi,
> It is on the web site under templates.
> Take care, Joan Vickers
>
>  ------------------------------
> *From:* lynn Corcoran <lynncorcoranster at gmail.com>
> *To:* 5-dayforum at howtosellyourhomein5days.com
> *Sent:* Thursday, May 14, 2009 6:40:59 PM
> *Subject:* [5-DayForum] Need help with "list of rules"
>
> Hi,
>
> I'm "almost" ready to go for Saturday and Sunday.  Have enthusiasm, Have
> over 25 calls....have a building inspection....have all of the originals
> ready to be copied tomorrow.  *Also*...*have no idea what to put on my
> list of rules* except that no one is bound to anything except after a
> legal offer to purchase has been signed by both parties.  *Please*...can
> someone send me their list of rules to give me some idea what should be on
> it.  I, unfortunately, need it within twelve hours because the house is not
> in my town and not near my computer.  Is there anyone who can help me with
> this.  Thanks.
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From patrycja at MIT.EDU  Thu May 14 21:57:57 2009
From: patrycja at MIT.EDU (Patrycja E Missiuro)
Date: Thu, 14 May 2009 21:57:57 -0400
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <EA97D4F896DD44C184B1C0E8F46DCE88@Main>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
Message-ID: <20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>

Hi,

Regarding the price being slightly less than half of what we expect.

Well, we have it listed on craigslist for the Boston area and people here have
actually been looking up our house and mortgage on it and we have had several
people email us and say that since the listing price is lower than the 
mortgage
- it sounds very suspicious and that it is misrepresentation. Especially since
they know that the price listed is less than what's still owed to the bank.

People here in Boston are quite aggressive and they are actually getting upset
at us listing at a price that is not what we are willing to sell the 
house for.
We have had more than one call about it.

Just thought you may want to know, I am actually getting worried about 
our open
house and how much of that we'll have to face.

Thanks,
patricia





From joanvickers13 at yahoo.com  Thu May 14 22:16:00 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Thu, 14 May 2009 19:16:00 -0700 (PDT)
Subject: [5-DayForum] Need help with "list of rules"
In-Reply-To: <6d1543390905141854pe06f342w9a73a1a09aecd690@mail.gmail.com>
References: <6d1543390905141740s220bd76bydfce1fe3307638e2@mail.gmail.com>
	<583273.45230.qm@web110606.mail.gq1.yahoo.com>
	<6d1543390905141854pe06f342w9a73a1a09aecd690@mail.gmail.com>
Message-ID: <372916.72287.qm@web110615.mail.gq1.yahoo.com>

Hi Lynn,
I am attaching the rule sheet for you. No need to feel stupid, we are all on this earth to help each other. What state do you live in?
Take care, Joan Vickers



________________________________
From: lynn Corcoran <lynncorcoranster at gmail.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, May 14, 2009 7:54:07 PM
Subject: Re: [5-DayForum] Need help with "list of rules"

Found several things but no list of rules.? Using the Inspection sheet, Bidding method and round robin bidding sheet.? Couldn't find list of rules under templates.? Feeling stupid and blind!


On Thu, May 14, 2009 at 8:39 PM, Joan Vickers <joanvickers13 at yahoo.com> wrote:

Hi, 
It is on the web site under templates.
Take care, Joan Vickers




________________________________
From: lynn Corcoran <lynncorcoranster at gmail.com>
To: 5-dayforum at howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 6:40:59 PM
Subject: [5-DayForum] Need help with "list of rules"


Hi,

I'm "almost" ready to go for Saturday and Sunday.? Have enthusiasm, Have over 25 calls....have a building inspection....have all of the originals ready to be copied tomorrow.? Also...have no idea what to put on my list of rules except that no one is bound to anything except after a legal offer to purchase has been signed by both parties.? Please...can someone send me their list of rules to give me some idea what should be on it.? I, unfortunately, need it within twelve hours because the house is not in my town and not near my computer.? Is there anyone who can help me with this.? Thanks. ? 


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From go.jelinco at gmail.com  Thu May 14 23:01:43 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Thu, 14 May 2009 22:01:43 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
	<20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
Message-ID: <60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>

They can't know what you owe...they can only speculate based on the
original loan amount that they calculated ...and they are guessing
that you haven't put any extra money toward the principle.  They can't
call your bank and find out what the balance is.  The bank can not
discuss your account with anyone but you without written permission.
It's really none of their business...and behaving badly just proves
that they are interested as well as confused.  Hold strong.

Hope this helps,
Linda

On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> Hi,
>
> Regarding the price being slightly less than half of what we expect.
>
> Well, we have it listed on craigslist for the Boston area and people here
> have
> actually been looking up our house and mortgage on it and we have had
> several
> people email us and say that since the listing price is lower than the
> mortgage
> - it sounds very suspicious and that it is misrepresentation. Especially
> since
> they know that the price listed is less than what's still owed to the bank.
>
> People here in Boston are quite aggressive and they are actually getting
> upset
> at us listing at a price that is not what we are willing to sell the
> house for.
> We have had more than one call about it.
>
> Just thought you may want to know, I am actually getting worried about
> our open
> house and how much of that we'll have to face.
>
> Thanks,
> patricia
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>

From joanvickers13 at yahoo.com  Fri May 15 07:59:38 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Fri, 15 May 2009 04:59:38 -0700 (PDT)
Subject: [5-DayForum] House Sold
In-Reply-To: <004d01c9d4ac$c69162d0$53b42870$@net>
References: <004d01c9d4ac$c69162d0$53b42870$@net>
Message-ID: <497096.88101.qm@web110608.mail.gq1.yahoo.com>

Hello Gina Newell,
Can you explain to me why your Realtor was "not reputable" by bringing an offer to you and selling your home as you hired him to do? He brought the buyer to you before the contract ended. There is always a protection period?after the end of the contract due to exactly this type of thing happening. Your Realtor was responsible for bringing the buyer. You could have refused the offer if you really did not want to pay the Realtor who went to great expense and time listing and marketing your home. You said "it was an offer you couldn't refuse", so I assume it was a very good offer. I bet you are bad mouthing him in?Madison as?I write this.?The only way real estate agents get paid is by performing for their clients, and your Realtor performed for you. Do you know how expensive it is to be a Realtor? The fees are astronomical; there are the MLS and board fees and?dues, the E and O insurance, marketing fees, office fees, continued education fees and on and
 on and on. YOU, should be ashamed of yourself for thinking that agents do NOT earn their money, WE get to keep very little of the percentage that is charged. A lot of companies charge 10%, you are lucky?your agent did not charge you more. After all you seem like a very difficult client. By the way how long was your home on the market? It is a difficult time right now and the expense is probably a lot more than usual.?

I hope you will thank your agent and stop with the bad mouthing. YOU made the decision and listed your property. How do you know you would have even sold your home on the 5 day method? And how do you know you would not have received the?same or even less. Shame, shame shame on you. If I knew who your agent was, I would forward this email to him. In fact, I may look your agent up and let him know about all of this.
Joan Vickers?




________________________________
From: Gina Newell <gnewell at tds.net>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 9:58:05 AM
Subject: [5-DayForum] House Sold


Hello folks:
? I wish I could tell you that my?tweaked 5-day?method worked to sellthehousewe renovated to sell, but I had to withdraw the auction before it started this week-end. We had previously listed the house with a realtor before I found the 5-day method. The realtor?s contract expired April 30, but he brought an offer to the tableyesterdayfrom a person who viewed the house right before the contract expired. It was an offer we couldn?t refuse..although unfortunately we have to pay6%realtor/broker?s fees.
To repeat myself from previous postings, I was not comfortable saying the house would sell by Sunday night when in fact that might not be the case. So I decided to advertise for 3 solid weeks and sell by May 31stand did not list a starting price.? I will definitely try atweaked version of the 5-day method again when I?m ready to sell my current house.I am sure there must be some very reputable realtors out there, but as of yet, I have not had the pleasure of doing business with any of them.
Good luck to all of you and thank you for all your advice.
Gina from Madison, WI


      
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From zainabariyibi at yahoo.com  Thu May 14 09:01:47 2009
From: zainabariyibi at yahoo.com (zainabariyibi at yahoo.com)
Date: Thu, 14 May 2009 13:01:47 +0000
Subject: [5-DayForum] Maryland % day sale
In-Reply-To: <3949F046-92CE-4B58-A706-F12D572E9D38@verizon.net>
References: <3949F046-92CE-4B58-A706-F12D572E9D38@verizon.net>
Message-ID: <1439643513-1242306176-cardhu_decombobulator_blackberry.rim.net-2109708484-@bxe1275.bisx.prod.on.blackberry>

Not yet, I'm looking to do a retail rehab and do the same.  Let me know of your experience once done.

Thanks
Z
Sent via BlackBerry from T-Mobile

-----Original Message-----
From: Myron Autry <mautry at verizon.net>

Date: Thu, 14 May 2009 01:19:45 
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Maryland % day sale


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From jill at holeinonehomes.com  Thu May 14 12:55:48 2009
From: jill at holeinonehomes.com (jill at holeinonehomes.com)
Date: Thu, 14 May 2009 16:55:48 +0000
Subject: [5-DayForum] Can someone sue us if we do not sell b/c
	thepriceistoo low
In-Reply-To: <667567.35023.qm@web110615.mail.gq1.yahoo.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><667567.35023.qm@web110615.mail.gq1.yahoo.com>
Message-ID: <1655743545-1242320340-cardhu_decombobulator_blackberry.rim.net-1359997735-@bxe1230.bisx.prod.on.blackberry>

Joan- I would contact your state real estate commission to make sure you are doing everything legally and above board to cover yourself as a licensed professional.  I am a real estate agent as well and am thinking about incorporating the 5 day plan  into my business.  As in any profession there are people with integrity and some without.  Unfortunately real estate agents get a bad rap overall.  Good luck.
Jill Kelly 
Sent via BlackBerry by AT&T

-----Original Message-----
From: Joan Vickers <joanvickers13 at yahoo.com>

Date: Wed, 13 May 2009 21:21:51 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low


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From damian_colden at yahoo.com  Fri May 15 09:12:17 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Fri, 15 May 2009 06:12:17 -0700 (PDT)
Subject: [5-DayForum] House Sold
In-Reply-To: <004d01c9d4ac$c69162d0$53b42870$@net>
References: <004d01c9d4ac$c69162d0$53b42870$@net>
Message-ID: <934746.19058.qm@web53108.mail.re2.yahoo.com>

Gina - 

It is great that your house sold. It's too bad that it sold the traditional way. I was looking forward to the tweaked method documentary. Guess I'll have to wait for another time.

It's is nice that you got an offer you couldn't refuse and recognized the benefit of accepting it. I don't think you would have done better on your own at this time. My reason for making this statement is that you have indicated that there is still some question in your mind about your commitment to accept the highest offer at the end of the negotiations, whatever that may be. Until you can get your head around that and convey that unwavering commitment to sell, then the highest will not be good enough. The same is true whether you sell it yourself or through a Realtor. If the commitment is not there, it will not sell. At least, not without a lot of agony, and very little, if any, ecstasy. 

Bill's point on this method is that you need to commit first and price will fall into line for the market on any given Sunday. 

In this case, the commitment came because of the amount and terms of the offer, not the offer because of the commitment. The Realtor did exactly what the Realtor was hired to do, understand your motivation and commitment and find you a buyer that was willing, ready and able to meet or exceed your expectation as measured by price and terms.

All the best in getting it to the closing table. BTW, the Realtor still has not made anything at this point. The deal can still fall apart and then the Realtor is out. And you will again have the opportunity to see if you can 'best' the Realtor.

Look forward to hearing about your 5-day tweakings. 

 Dac Colden
Realtor/Investor




________________________________
From: Gina Newell <gnewell at tds.net>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:58:05 AM
Subject: [5-DayForum] House Sold

House Sold 
Hello folks:
  I wish I could tell you that my?tweaked 5-day?method worked to sellthehousewe renovated to sell, but I had to withdraw the auction before it started this week-end. We had previously listed the house with a realtor before I found the 5-day method. The realtor?s contract expired April 30, but he brought an offer to the tableyesterdayfrom a person who viewed the house right before the contract expired. It was an offer we couldn?t refuse..although unfortunately we have to pay6%realtor/broker?s fees.
To repeat myself from previous postings, I was not comfortable saying the house would sell by Sunday night when in fact that might not be the case. So I decided to advertise for 3 solid weeks and sell by May 31stand did not list a starting price.  I will definitely try atweaked version of the 5-day method again when I?m ready to sell my current house.I am sure there must be some very reputable realtors out there, but as of yet, I have not had the pleasure of doing business with any of them.
Good luck to all of you and thank you for all your advice.
Gina from Madison, WI


      
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From akmihos at verizon.net  Thu May 14 21:12:01 2009
From: akmihos at verizon.net (akmihos at verizon.net)
Date: Fri, 15 May 2009 01:12:01 +0000
Subject: [5-DayForum] Need help with "list of rules"
Message-ID: <1458377369-1242349936-cardhu_decombobulator_blackberry.rim.net-126656468-@bxe1163.bisx.prod.on.blackberry>

Has anyone sold $1M+ house in the past 2-3 years? If yes, what type of advertising did you use other than the local and regional papers? The house that I am looking to sell is actually closer to $2M+ (new construction), but that should not make any difference as the customer base will still be higher end. I don't think listing a house at this price range on Craiglists will do much for it, unless you have had a positive experience in this range. Any other web sites other than setting up my own web site which I will do anyway. Any input would be greatly appreciated. 
------Original Message------
From: lynn Corcoran
Sender: 5-dayforum-bounces+akmihos=verizon.net at mailman.howtosellyourhomein5days.com
To: 5-dayforum at howtosellyourhomein5days.com
ReplyTo: How To Sell Your Home in 5-Days
Sent: May 14, 2009 8:40 PM
Subject: [5-DayForum] Need help with "list of rules"

Hi,

I'm "almost" ready to go for Saturday and Sunday.? Have enthusiasm, Have over 25 calls....have a building inspection....have all of the originals ready to be copied tomorrow.? Also...have no idea what to put on my list of rules except that no one is bound to anything except after a legal offer to purchase has been signed by both parties.? Please...can someone send me their list of rules to give me some idea what should be on it.? I, unfortunately, need it within twelve hours because the house is not in my town and not near my computer.? Is there anyone who can help me with this.? Thanks. ? 
 _______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



Sent via BlackBerry by AT&T


From akmihos at verizon.net  Thu May 14 21:12:01 2009
From: akmihos at verizon.net (akmihos at verizon.net)
Date: Fri, 15 May 2009 01:12:01 +0000
Subject: [5-DayForum] Need help with "list of rules"
Message-ID: <1458377369-1242349936-cardhu_decombobulator_blackberry.rim.net-126656468-@bxe1163.bisx.prod.on.blackberry>

Has anyone sold $1M+ house in the past 2-3 years? If yes, what type of advertising did you use other than the local and regional papers? The house that I am looking to sell is actually closer to $2M+ (new construction), but that should not make any difference as the customer base will still be higher end. I don't think listing a house at this price range on Craiglists will do much for it, unless you have had a positive experience in this range. Any other web sites other than setting up my own web site which I will do anyway. Any input would be greatly appreciated. 
------Original Message------
From: lynn Corcoran
Sender: 5-dayforum-bounces+akmihos=verizon.net at mailman.howtosellyourhomein5days.com
To: 5-dayforum at howtosellyourhomein5days.com
ReplyTo: How To Sell Your Home in 5-Days
Sent: May 14, 2009 8:40 PM
Subject: [5-DayForum] Need help with "list of rules"

Hi,

I'm "almost" ready to go for Saturday and Sunday.? Have enthusiasm, Have over 25 calls....have a building inspection....have all of the originals ready to be copied tomorrow.? Also...have no idea what to put on my list of rules except that no one is bound to anything except after a legal offer to purchase has been signed by both parties.? Please...can someone send me their list of rules to give me some idea what should be on it.? I, unfortunately, need it within twelve hours because the house is not in my town and not near my computer.? Is there anyone who can help me with this.? Thanks. ? 
 _______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From jpperez100 at msn.com  Thu May 14 23:45:02 2009
From: jpperez100 at msn.com (John Paul Perez)
Date: Thu, 14 May 2009 22:45:02 -0500
Subject: [5-DayForum] Can someone sue us if we do not sell b/c
	the	priceistoo low
In-Reply-To: <423167.70159.qm@web53602.mail.re2.yahoo.com>
References: <423167.70159.qm@web53602.mail.re2.yahoo.com>
Message-ID: <BAY0-DP4-18AE512B100DB2D0B87B22965F0@phx.gbl>


Joan & Holly, 

 

I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 

 

If you would like more details on how I have used this method, or my variation of it, just let me know... 

 

Best of luck.

 

Jp
 


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM






Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low




Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 



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From bgpg at atmc.net  Thu May 14 23:52:24 2009
From: bgpg at atmc.net (Brian & Paula Garrett)
Date: Thu, 14 May 2009 23:52:24 -0400
Subject: [5-DayForum] Need help with "list of rules"
In-Reply-To: <6d1543390905141740s220bd76bydfce1fe3307638e2@mail.gmail.com>
References: <6d1543390905141740s220bd76bydfce1fe3307638e2@mail.gmail.com>
Message-ID: <2AE875A3B3FD46BFADF4ED4DD88DA37B@garrettb>

Template on the 5day home page.

 

  _____  

From: 5-dayforum-bounces+bgpg=atmc.net at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+bgpg=atmc.net at mailman.howtosellyourhomein5days.co
m] On Behalf Of lynn Corcoran
Sent: Thursday, May 14, 2009 8:41 PM
To: 5-dayforum at howtosellyourhomein5days.com
Subject: [5-DayForum] Need help with "list of rules"

 

Hi,

I'm "almost" ready to go for Saturday and Sunday.  Have enthusiasm, Have
over 25 calls....have a building inspection....have all of the originals
ready to be copied tomorrow.  Also...have no idea what to put on my list of
rules except that no one is bound to anything except after a legal offer to
purchase has been signed by both parties.  Please...can someone send me
their list of rules to give me some idea what should be on it.  I,
unfortunately, need it within twelve hours because the house is not in my
town and not near my computer.  Is there anyone who can help me with this.
Thanks.   

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From bill at effros.com  Fri May 15 09:43:27 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 15 May 2009 09:43:27 -0400
Subject: [5-DayForum] House Sold
In-Reply-To: <934746.19058.qm@web53108.mail.re2.yahoo.com>
References: <004d01c9d4ac$c69162d0$53b42870$@net>
	<934746.19058.qm@web53108.mail.re2.yahoo.com>
Message-ID: <4A0D717F.3010706@effros.com>

Dac,

Thanks for filling stuff in for me.

The real point, as far as I'm concerned, is that any home can be sold 
quickly, and that, to a large extent, it's the seller who needs to 
adjust expectations to current market conditions. (This is just as true 
in good times as in bad.)

It should NEVER take 6 months to sell a house!

The point of my book is that you can sell your home quickly, one way or 
another--I suggest a simple, by-the-numbers method that is fair to both 
the buyer and the seller.

I continue to believe, after 20 years of tweaking, that my 5-Day Method, 
closely followed, will result in the highest return possible on the day 
selected for the sale.

However, if all that happens, as in Gina's case, is that the seller is 
able to recognize that her broker has brought her an offer she should 
not refuse, that also proves my point.

I have no stake whatever in whether people use or don't use the method I 
developed.

As you know, this list is 4 times the size I ever thought it would be, 
and growing all the time.  It is not possible for me to keep up with 
it.  I have said almost everything I have to say in the book, and in the 
archives.  I am working on the 4th edition which will move more stuff 
out of distant archives and into the primary source, but that takes time.

I will try to post my "stock answers" from time to time.  I have been 
too busy on other projects, but will try to catch up.

Thanks for maintaining threads, and thanks, also to all of the other 
"regulars" who have kept this forum under control for all this time.

Bill Effros
Author



Damian Colden wrote:
> Gina -
>
> It is great that your house sold. It's too bad that it sold the 
> traditional way. I was looking forward to the tweaked method 
> documentary. Guess I'll have to wait for another time.
>
> It's is nice that you got an offer you couldn't refuse and recognized 
> the benefit of accepting it. I don't think you would have done better 
> on your own at this time. My reason for making this statement is that 
> you have indicated that there is still some question in your mind 
> about your commitment to accept the highest offer at the end of the 
> negotiations, whatever that may be. Until you can get your head around 
> that and convey that unwavering commitment to sell, then the highest 
> will not be good enough. The same is true whether you sell it yourself 
> or through a Realtor. If the commitment is not there, it will not 
> sell. At least, not without a lot of agony, and very little, if any, 
> ecstasy.
>
> Bill's point on this method is that you need to commit first and price 
> will fall into line for the market on any given Sunday.
>
> In this case, the commitment came because of the amount and terms of 
> the offer, not the offer because of the commitment. The Realtor did 
> exactly what the Realtor was hired to do, understand your motivation 
> and commitment and find you a buyer that was willing, ready and able 
> to meet or exceed your expectation as measured by price and terms.
>
> All the best in getting it to the closing table. BTW, the Realtor 
> still has not made anything at this point. The deal can still fall 
> apart and then the Realtor is out. And you will again have the 
> opportunity to see if you can 'best' the Realtor.
>
> Look forward to hearing about your 5-day tweakings.
>  
> Dac Colden
> Realtor/Investor
>
> ------------------------------------------------------------------------
> *From:* Gina Newell <gnewell at tds.net>
> *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
> *Sent:* Thursday, May 14, 2009 11:58:05 AM
> *Subject:* [5-DayForum] House Sold
>
> Hello folks:
>
>   I wish I could tell you that my ?tweaked 5-day? method worked to 
> sell the house we renovated to sell, but I had to withdraw the auction 
> before it started this week-end. We had previously listed the house 
> with a realtor before I found the 5-day method. The realtor?s contract 
> expired April 30, but he brought an offer to the table yesterday from 
> a person who viewed the house right before the contract expired. It 
> was an offer we couldn?t refuse..although unfortunately we have to pay 
> 6% realtor/broker?s fees.
>
> To repeat myself from previous postings, I was not comfortable saying 
> the house would sell by Sunday night when in fact that might not be 
> the case. So I decided to advertise for 3 solid weeks and sell by May 
> 31^st and did not list a starting price.  I will definitely try a 
> tweaked version of the 5-day method again when I?m ready to sell my 
> current house. I am sure there must be some very reputable realtors 
> out there, but as of yet, I have not had the pleasure of doing 
> business with any of them.
>
> Good luck to all of you and thank you for all your advice.
>
> Gina from Madison, WI
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From joanvickers13 at yahoo.com  Fri May 15 10:33:42 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Fri, 15 May 2009 07:33:42 -0700 (PDT)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
In-Reply-To: <BAY0-DP4-18AE512B100DB2D0B87B22965F0@phx.gbl>
References: <423167.70159.qm@web53602.mail.re2.yahoo.com>
	<BAY0-DP4-18AE512B100DB2D0B87B22965F0@phx.gbl>
Message-ID: <424355.15233.qm@web110616.mail.gq1.yahoo.com>

Hi John,
Thanks for answering, I would very much like the details as I am going to try this in the next few weeks on my clients home. 
Much appreciative, 
Joan Vickers




________________________________
From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 9:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
?
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know... 
?
Best of luck.
?
Jp
?
________________________________
Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors.? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

Keep us posted on what you decide.? I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM


Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 
Joan Vickers




________________________________
From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie
----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

Can a buyer sue b/c we decide not to sell b/c the price is too low?
?


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From gkjkaj at yahoo.com  Fri May 15 10:46:54 2009
From: gkjkaj at yahoo.com (Jerry Johnson)
Date: Fri, 15 May 2009 07:46:54 -0700 (PDT)
Subject: [5-DayForum] House Sold
Message-ID: <831091.99518.qm@web36305.mail.mud.yahoo.com>


Will you please get me removed from the 5 - Day Fourm. It is filling up my email
box every morning and no matter what I do I can't seem to get off the list. 
Thank You, Jerry J 
--- On Fri, 5/15/09, Bill Effros <bill at effros.com> wrote:


From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] House Sold
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Friday, May 15, 2009, 8:43 AM


Dac,

Thanks for filling stuff in for me.

The real point, as far as I'm concerned, is that any home can be sold quickly, and that, to a large extent, it's the seller who needs to adjust expectations to current market conditions. (This is just as true in good times as in bad.)

It should NEVER take 6 months to sell a house!

The point of my book is that you can sell your home quickly, one way or another--I suggest a simple, by-the-numbers method that is fair to both the buyer and the seller.

I continue to believe, after 20 years of tweaking, that my 5-Day Method, closely followed, will result in the highest return possible on the day selected for the sale.

However, if all that happens, as in Gina's case, is that the seller is able to recognize that her broker has brought her an offer she should not refuse, that also proves my point.

I have no stake whatever in whether people use or don't use the method I developed.

As you know, this list is 4 times the size I ever thought it would be, and growing all the time.? It is not possible for me to keep up with it.? I have said almost everything I have to say in the book, and in the archives.? I am working on the 4th edition which will move more stuff out of distant archives and into the primary source, but that takes time.

I will try to post my "stock answers" from time to time.? I have been too busy on other projects, but will try to catch up.

Thanks for maintaining threads, and thanks, also to all of the other "regulars" who have kept this forum under control for all this time.

Bill Effros
Author



Damian Colden wrote: 



Gina - 

It is great that your house sold. It's too bad that it sold the traditional way. I was looking forward to the tweaked method documentary. Guess I'll have to wait for another time.

It's is nice that you got an offer you couldn't refuse and recognized the benefit of accepting it. I don't think you would have done better on your own at this time. My reason for making this statement is that you have indicated that there is still some question in your mind about your commitment to accept the highest offer at the end of the negotiations, whatever that may be. Until you can get your head around that and convey that unwavering commitment to sell, then the highest will not be good enough. The same is true whether you sell it yourself or through a Realtor. If the commitment is not there, it will not sell. At least, not without a lot of agony, and very little, if any, ecstasy. 

Bill's point on this method is that you need to commit first and price will fall into line for the market on any given Sunday. 

In this case, the commitment came because of the amount and terms of the offer, not the offer because of the commitment. The Realtor did exactly what the Realtor was hired to do, understand your motivation and commitment and find you a buyer that was willing, ready and able to meet or exceed your expectation as measured by price and terms.

All the best in getting it to the closing table. BTW, the Realtor still has not made anything at this point. The deal can still fall apart and then the Realtor is out. And you will again have the opportunity to see if you can 'best' the Realtor.

Look forward to hearing about your 5-day tweakings. 

?Dac Colden 
Realtor/Investor





From: Gina Newell <gnewell at tds.net>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:58:05 AM
Subject: [5-DayForum] House Sold


Hello folks:
? I wish I could tell you that my ?tweaked 5-day? method worked to sell the house we renovated to sell, but I had to withdraw the auction before it started this week-end. We had previously listed the house with a realtor before I found the 5-day method. The realtor?s contract expired April 30, but he brought an offer to the table yesterday from a person who viewed the house right before the contract expired. It was an offer we couldn?t refuse..although unfortunately we have to pay 6% realtor/broker?s fees.

To repeat myself from previous postings, I was not comfortable saying the house would sell by Sunday night when in fact that might not be the case. So I decided to advertise for 3 solid weeks and sell by May 31st and did not list a starting price.? I will definitely try a tweaked version of the 5-day method again when I?m ready to sell my current house. I am sure there must be some very reputable realtors out there, but as of yet, I have not had the pleasure of doing business with any of them.
Good luck to all of you and thank you for all your advice.
Gina from Madison, WI

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From bill at effros.com  Fri May 15 11:10:42 2009
From: bill at effros.com (Bill Effros)
Date: Fri, 15 May 2009 11:10:42 -0400
Subject: [5-DayForum] How to Unsubscribe
In-Reply-To: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
References: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
Message-ID: <4A0D85F2.7090703@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 damian_colden at yahoo.com  Fri May 15 11:28:07 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Fri, 15 May 2009 08:28:07 -0700 (PDT)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
In-Reply-To: <BAY0-DP4-18AE512B100DB2D0B87B22965F0@phx.gbl>
References: <423167.70159.qm@web53602.mail.re2.yahoo.com>
	<BAY0-DP4-18AE512B100DB2D0B87B22965F0@phx.gbl>
Message-ID: <543861.37228.qm@web53109.mail.re2.yahoo.com>

John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 Dac Colden
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI




________________________________
From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 
________________________________
 Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM


 
Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers




________________________________
 From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 
Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie
----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 

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From hollymac2 at yahoo.com  Fri May 15 13:48:07 2009
From: hollymac2 at yahoo.com (Holly MacIntyre)
Date: Fri, 15 May 2009 10:48:07 -0700 (PDT)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
Message-ID: <218776.99712.qm@web53611.mail.re2.yahoo.com>

John Paul, Joan - your comments/challenges/points are to be expected.? Things have changed and Realtors (and their brokers and boards and commissions etc) have to start "thinking outside the box."? I'm guessing this will have to transition.? Till then, I, too will be figuring outhow to deal with the "issues."? I know that others who use this method have successfully listed in MLS, although perhaps as owners, and perhaps thru "Assist 2 Sell" type set ups.? I'm not going to give up!
?
Holly

--- On Fri, 5/15/09, John Paul Perez <jpperez100 at msn.com> wrote:


From: John Paul Perez <jpperez100 at msn.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Friday, May 15, 2009, 3:45 AM




#yiv1964002672 .hmmessage P
{
margin:0px;padding:0px;}
#yiv1964002672 {
font-size:10pt;font-family:Verdana;}

Joan & Holly, 
?
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know... 
?
Best of luck.
?
Jp
?


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors.? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
?
Keep us posted on what you decide.? I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




#yiv1964002672 .ExternalClass #EC_yiv481958411 DIV
{}



Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low





Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
?
?



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From ddabiz at gmail.com  Fri May 15 16:40:44 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Fri, 15 May 2009 16:40:44 -0400
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price
	is too low
In-Reply-To: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
Message-ID: <eff2c1030905151340p558e5d7bte1144c960cf97b6@mail.gmail.com>

My attorney advised putting a bullet in the "bidding method".  It says:
There is no legal obligation to either party until a contract is signed.

He says this should thwart any people who bid and you say no thanks.  Once
the contract's signed, that's different.  Anyway, he's happy w/ me putting
this line in the "method".  D

2009/5/13 Patrycja Vasilyev Missiuro <patrycja at mit.edu>

>  Can a buyer sue b/c we decide not to sell b/c the price is too low?
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From ddabiz at gmail.com  Fri May 15 16:40:44 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Fri, 15 May 2009 16:40:44 -0400
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price
	is too low
In-Reply-To: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
Message-ID: <eff2c1030905151340p558e5d7bte1144c960cf97b6@mail.gmail.com>

My attorney advised putting a bullet in the "bidding method".  It says:
There is no legal obligation to either party until a contract is signed.

He says this should thwart any people who bid and you say no thanks.  Once
the contract's signed, that's different.  Anyway, he's happy w/ me putting
this line in the "method".  D

2009/5/13 Patrycja Vasilyev Missiuro <patrycja at mit.edu>

>  Can a buyer sue b/c we decide not to sell b/c the price is too low?
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From tomwilson64 at yahoo.com  Fri May 15 16:56:30 2009
From: tomwilson64 at yahoo.com (Tom Wilson)
Date: Fri, 15 May 2009 15:56:30 -0500
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	price	is too low
In-Reply-To: <eff2c1030905151340p558e5d7bte1144c960cf97b6@mail.gmail.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<eff2c1030905151340p558e5d7bte1144c960cf97b6@mail.gmail.com>
Message-ID: <022101c9d59f$9fee22f0$dfca68d0$@com>

If you're asking "if" they can sue you, the answer is unquestionably yes.
Now will they win the suit?  Should they sue you?  Are you taking the right
measures in protection?  Those are the questions to ask.  Anyone can sue
anyone else about anything so they can most definitely sue.

 

For me I was absolutely meticulous that included in every conversation I had
with anyone was the phrase "Nothing is final until a contract is signed.
Either the bidder or the seller may pull out prior to signing a contract."
Everyone involved in my auction was crystal clear on that.  I didn't make it
a big deal, but was just simple, direct and clear every single time.  It
became like breathing.  There's nothing that should distract you from
including this every time.

 

From:
5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein
5days.com] On Behalf Of Debi Detwiler
Sent: Friday, May 15, 2009 3:41 PM
To: How To Sell Your Home in 5-Days
Cc: 5-dayforum at howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the price
is too low

 

My attorney advised putting a bullet in the "bidding method".  It says:
There is no legal obligation to either party until a contract is signed.

 

He says this should thwart any people who bid and you say no thanks.  Once
the contract's signed, that's different.  Anyway, he's happy w/ me putting
this line in the "method".  D

2009/5/13 Patrycja Vasilyev Missiuro <patrycja at mit.edu>

Can a buyer sue b/c we decide not to sell b/c the price is too low?

 

 


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

 

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From tomwilson64 at yahoo.com  Fri May 15 17:04:01 2009
From: tomwilson64 at yahoo.com (Tom Wilson)
Date: Fri, 15 May 2009 16:04:01 -0500
Subject: [5-DayForum] Can someone sue us if we do not sell b/c
	the	price	is too low
In-Reply-To: <022101c9d59f$9fee22f0$dfca68d0$@com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>	<eff2c1030905151340p558e5d7bte1144c960cf97b6@mail.gmail.com>
	<022101c9d59f$9fee22f0$dfca68d0$@com>
Message-ID: <023301c9d5a0$acbc1220$06343660$@com>

Well maybe if your house is being sold vacant and someone walks in with 300%
of the most you hoped to get for the house in cash with an, attorney and a
title agent ready to go . ok that might distract you ;-)  But you still say
it!

 

From:
5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein
5days.com] On Behalf Of Tom Wilson
Sent: Friday, May 15, 2009 3:57 PM
To: 'How To Sell Your Home in 5-Days'
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the price
is too low

 

If you're asking "if" they can sue you, the answer is unquestionably yes.
Now will they win the suit?  Should they sue you?  Are you taking the right
measures in protection?  Those are the questions to ask.  Anyone can sue
anyone else about anything so they can most definitely sue.

 

For me I was absolutely meticulous that included in every conversation I had
with anyone was the phrase "Nothing is final until a contract is signed.
Either the bidder or the seller may pull out prior to signing a contract."
Everyone involved in my auction was crystal clear on that.  I didn't make it
a big deal, but was just simple, direct and clear every single time.  It
became like breathing.  There's nothing that should distract you from
including this every time.

 

From:
5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein
5days.com] On Behalf Of Debi Detwiler
Sent: Friday, May 15, 2009 3:41 PM
To: How To Sell Your Home in 5-Days
Cc: 5-dayforum at howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the price
is too low

 

My attorney advised putting a bullet in the "bidding method".  It says:
There is no legal obligation to either party until a contract is signed.

 

He says this should thwart any people who bid and you say no thanks.  Once
the contract's signed, that's different.  Anyway, he's happy w/ me putting
this line in the "method".  D

2009/5/13 Patrycja Vasilyev Missiuro <patrycja at mit.edu>

Can a buyer sue b/c we decide not to sell b/c the price is too low?

 

 


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

 

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From HFraleyjr at aol.com  Fri May 15 21:42:43 2009
From: HFraleyjr at aol.com (HFraleyjr at aol.com)
Date: Fri, 15 May 2009 21:42:43 EDT
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
Message-ID: <d05.56b1e0c2.373f7413@aol.com>

Jp - I too am using the 5 day plan with some variations - mainly in the are 
 of advertising and marketing. What variations have you found to work well?
 
Henry
**************An Excellent Credit Score is 750. See Yours in Just 2 Easy 
Steps! 
(http://pr.atwola.com/promoclk/100126575x1221823239x1201398650/aol?redir=http://www.freecreditreport.com/pm/default.aspx?sc=668072&hmpgID=62&bcd=May
Excfooter51509NO62)
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From tgarter at comcast.net  Fri May 15 21:55:04 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Sat, 16 May 2009 01:55:04 +0000 (UTC)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
 priceistoo low
In-Reply-To: <543861.37228.qm@web53109.mail.re2.yahoo.com>
Message-ID: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Dac, 
We are holding a 5 day tomorrow. We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call. We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri. We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works. 
Newspaper 0 
Craigslist 36 
Radio Show 1 
Bulletin Board 1 

If you want to come to our sale, it's Sat and Sun 10-5 
6488 Evergreen, Portage, Mi 49024 
Tom Garter 269-321-7702 



----- Original Message ----- 
From: "Damian Colden" <damian_colden at yahoo.com> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information. 

Dac Colden 
Realtor 
The KatieDidIt! Team 
Keller Williams Realty 
Grand Blanc, MI 




From: John Paul Perez <jpperez100 at msn.com> 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Thursday, May 14, 2009 11:45:02 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

Joan & Holly, 

I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 

If you would like more details on how I have used this method, or my variation of it, just let me know... 

Best of luck. 

Jp 


Date: Thu, 14 May 2009 11:31:39 -0700 
From: hollymac2 at yahoo.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


	
Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors. I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale. I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner." 

Keep us posted on what you decide. I think we could be on to something! 
Good Luck! 
Holly 

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote: 



From: Joan Vickers <joanvickers13 at yahoo.com> 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Date: Thursday, May 14, 2009, 4:21 AM 




Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers 




From: bvgore <bvgore at insightbb.com> 
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Wednesday, May 13, 2009 9:22:08 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules. 


----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.) 
Rosemarie 


----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM 
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low 


Can a buyer sue b/c we decide not to sell b/c the price is too low? 




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



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Insert movie times and more without leaving Hotmail?. See how. 

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From damian_colden at yahoo.com  Sat May 16 07:30:53 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Sat, 16 May 2009 04:30:53 -0700 (PDT)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
	priceistoo low
In-Reply-To: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <668543.4940.qm@web53109.mail.re2.yahoo.com>

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 Dac Colden




________________________________
From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 Dac Colden
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI




________________________________
From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 
________________________________
 Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM


 
Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers




________________________________
 From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 
Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie
----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 

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


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________________________________
Insert movie times and more without leaving Hotmail?. See how.

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From antylyn at hotmail.com  Wed May 13 18:19:59 2009
From: antylyn at hotmail.com (Lyn)
Date: Wed, 13 May 2009 15:19:59 -0700
Subject: [5-DayForum] Book
Message-ID: <BAY107-DAV9B95AF3FD6E7BA0E914E2B6610@phx.gbl>

Bill

 

 I purchased the book 2 days ago and read it cover to cover. Interesting, I
do intend to try it. I dropped off my copy to a RE agent for his take on the
book.

I would like to know how many Real Estate agents use this method, if not why
not.

Lyn

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From sean at folkson.com  Sat May 16 12:13:50 2009
From: sean at folkson.com (Sean Folkson)
Date: Sat, 16 May 2009 18:13:50 +0200
Subject: [5-DayForum]  Question
Message-ID: <200905161618.n4GGIQD0022361@intel1.peregrinehw.com>

Debi,

Do whatever you can to get listed on Realtor.com, which will bring 
with it many of the other websites.  I used Owners.com and was VERY 
happy with them.  I also put the house on the MLS, with a 1% 
commission for a buyers realtor (that was the minimum), but I was 
happy to pay it if that's what brought the buyer in.  I had a TON of 
response from the realtors, and very little from the newspaper ads I ran.

sean


From sean at folkson.com  Sat May 16 12:17:20 2009
From: sean at folkson.com (Sean Folkson)
Date: Sat, 16 May 2009 18:17:20 +0200
Subject: [5-DayForum]  Price very low - problems
Message-ID: <200905161618.n4GGIRui022371@intel1.peregrinehw.com>

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From macycles at yahoo.com  Sat May 16 12:47:48 2009
From: macycles at yahoo.com (M A)
Date: Sat, 16 May 2009 09:47:48 -0700 (PDT)
Subject: [5-DayForum] Question
Message-ID: <618353.73011.qm@web59713.mail.ac4.yahoo.com>

Hi Debi,

did you get any serious buyers from Realtor.com? they are expensive to list with.

mary

--- On Sat, 5/16/09, Sean Folkson <sean at folkson.com> wrote:

From: Sean Folkson <sean at folkson.com>
Subject: [5-DayForum]  Question
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Saturday, May 16, 2009, 4:13 PM

Debi,

Do whatever you can to get listed on Realtor.com, which will bring 
with it many of the other websites.? I used Owners.com and was VERY 
happy with them.? I also put the house on the MLS, with a 1% 
commission for a buyers realtor (that was the minimum), but I was 
happy to pay it if that's what brought the buyer in.? I had a TON of 
response from the realtors, and very little from the newspaper ads I ran.

sean

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



      
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From tlqness at yahoo.com  Sat May 16 12:55:16 2009
From: tlqness at yahoo.com (Terri Quenzer)
Date: Sat, 16 May 2009 09:55:16 -0700 (PDT)
Subject: [5-DayForum] Question about listing on the MLS
Message-ID: <812827.97878.qm@web53508.mail.re2.yahoo.com>

I just bought and read the book, and due to the upcoming 3-day weekend (Memorial Day) and travel, will not be able to hold the 5-day sale for about a month. In the meantime, I'm looking into using a flat fee service to list the property on the MLS to get exposure during the interim. Is there any reason that I should not list it on the MLS before holding?the 5-day sale?

Thanks!
Terri


      
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From skyhighplanning at gmail.com  Sat May 16 13:27:54 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Sat, 16 May 2009 13:27:54 -0400
Subject: [5-DayForum] Question about listing
In-Reply-To: <618353.73011.qm@web59713.mail.ac4.yahoo.com>
References: <618353.73011.qm@web59713.mail.ac4.yahoo.com>
Message-ID: <81EED540-1DED-4ABE-8A35-0D3B5515329B@gmail.com>

Your better off using a flat fee service which is usually $250-$500  
for MLS listing & realtor.com along with other sites.

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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 16, 2009, at 12:47 PM, M A <macycles at yahoo.com> wrote:

> Hi Debi,
>
> did you get any serious buyers from Realtor.com? they are expensive  
> to list with.
>
> mary
>
> --- On Sat, 5/16/09, Sean Folkson <sean at folkson.com> wrote:
>
> From: Sean Folkson <sean at folkson.com>
> Subject: [5-DayForum] Question
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Saturday, May 16, 2009, 4:13 PM
>
> Debi,
>
> Do whatever you can to get listed on Realtor.com, which will bring
> with it many of the other websites.  I used Owners.com and was VERY
> happy with them.  I also put the house on the MLS, with a 1%
> commission for a buyers realtor (that was the minimum), but I was
> happy to pay it if that's what brought the buyer in.  I had a TON of
> response from the realtors, and very little from the newspaper ads I  
> ran.
>
> sean
>
> _______________________________________________
> 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 sean at folkson.com  Sat May 16 13:31:03 2009
From: sean at folkson.com (Sean Folkson)
Date: Sat, 16 May 2009 19:31:03 +0200
Subject: [5-DayForum]  Question
Message-ID: <200905161757.n4GHvNsn013349@intel1.peregrinehw.com>



The most expensive thing you can do is to not have enough real buyers 
at your auction.  I've done 2 of these, and neither time did the 
property get sold directly from the auction.  But, my experience 
tells me how important it is to have AS MANY real buyers as possible 
on the day of the sale.  Yes, it might cost you an extra $400, but it 
might bring you tons of extra cash.

I guess part of it depends on the market.  If you're selling a house 
that should go in the $150K range, then $400 is a much bigger expense 
than a house in the $450K range.

My feeling is to ignore the papers if you must, but get on the websites


From macycles at yahoo.com  Sat May 16 16:40:52 2009
From: macycles at yahoo.com (M A)
Date: Sat, 16 May 2009 13:40:52 -0700 (PDT)
Subject: [5-DayForum] Question
Message-ID: <430563.35758.qm@web59710.mail.ac4.yahoo.com>

its interesting that i haven't gotten any response from any of the websites i listed on, except for craigslist where i get low balled every 5 minutes. which cites besides realtor.com are any good? because you must be advertising somewhere where i am not familiar with.

thank you
mary

--- On Sat, 5/16/09, Sean Folkson <sean at folkson.com> wrote:

From: Sean Folkson <sean at folkson.com>
Subject: [5-DayForum]  Question
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Saturday, May 16, 2009, 5:31 PM



The most expensive thing you can do is to not have enough real buyers 
at your auction.? I've done 2 of these, and neither time did the 
property get sold directly from the auction.? But, my experience 
tells me how important it is to have AS MANY real buyers as possible 
on the day of the sale.? Yes, it might cost you an extra $400, but it 
might bring you tons of extra cash.

I guess part of it depends on the market.? If you're selling a house 
that should go in the $150K range, then $400 is a much bigger expense 
than a house in the $450K range.

My feeling is to ignore the papers if you must, but get on the websites

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



      
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From akmihos at verizon.net  Sat May 16 19:22:31 2009
From: akmihos at verizon.net (akmihos at verizon.net)
Date: Sat, 16 May 2009 23:22:31 +0000
Subject: [5-DayForum] Question
Message-ID: <246940711-1242516168-cardhu_decombobulator_blackberry.rim.net-2049719621-@bxe1163.bisx.prod.on.blackberry>

Sean, so when you listed with MLS, you did not do the "round robin" correct? It is my understanding that if you put a price on the MLS and someone gives you the asking offer then you need to sell. For instance, if your house is worth $100K, you cannot list for $25K and go through a round robin process. I apologize for my ignorance on this, but please clarify. 

Ari. 
------Original Message------
From: Sean Folkson
Sender: 5-dayforum-bounces+akmihos=verizon.net at mailman.howtosellyourhomein5days.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
ReplyTo: How To Sell Your Home in 5-Days
Sent: May 16, 2009 12:13 PM
Subject: [5-DayForum]  Question

Debi,

Do whatever you can to get listed on Realtor.com, which will bring 
with it many of the other websites.  I used Owners.com and was VERY 
happy with them.  I also put the house on the MLS, with a 1% 
commission for a buyers realtor (that was the minimum), but I was 
happy to pay it if that's what brought the buyer in.  I had a TON of 
response from the realtors, and very little from the newspaper ads I ran.

sean

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


Sent via BlackBerry by AT&T


From sean at folkson.com  Sun May 17 03:35:24 2009
From: sean at folkson.com (Sean Folkson)
Date: Sun, 17 May 2009 09:35:24 +0200
Subject: [5-DayForum]  Question about listing on the MLS
Message-ID: <200905170737.n4H7bSXI032142@intel1.peregrinehw.com>

Terri-I personally think the MLS is a great tool.  Some realtors may 
be put off by the 1% fee I list at, but the sale is fast and simple, 
and they can choose to take it, or leave it if they want.

for the extra exposure, I think the 1% fee is a great investment!


From sean at folkson.com  Sun May 17 03:37:39 2009
From: sean at folkson.com (Sean Folkson)
Date: Sun, 17 May 2009 09:37:39 +0200
Subject: [5-DayForum]  Question about listing
Message-ID: <200905170742.n4H7gSuc003592@intel1.peregrinehw.com>

Right Carlos,

the flat fee service I used included BOTH a realtor.com and MLS 
listing.  That assured me of being on just about every website out 
there, and it was I think $360.  There are different programs 
available at different websites, and the fees will also vary a bit by 
state (I'm in New York).

 From what I've seen, again, doing this online gets more results & 
calls than a newspaper ad.  The advantage of running an ad in the 
paper is that you can keep the address from people, FORCING them to 
call, so you can get a feel of your response rates.

sean


From sean at folkson.com  Sun May 17 03:40:07 2009
From: sean at folkson.com (Sean Folkson)
Date: Sun, 17 May 2009 09:40:07 +0200
Subject: [5-DayForum]  Question
Message-ID: <200905170742.n4H7gTeb003619@intel1.peregrinehw.com>

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From sean at folkson.com  Sun May 17 03:43:53 2009
From: sean at folkson.com (Sean Folkson)
Date: Sun, 17 May 2009 09:43:53 +0200
Subject: [5-DayForum]  Question
Message-ID: <200905170747.n4H7l02O007743@intel1.peregrinehw.com>

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From sean at folkson.com  Sun May 17 03:44:47 2009
From: sean at folkson.com (Sean Folkson)
Date: Sun, 17 May 2009 09:44:47 +0200
Subject: [5-DayForum]  Question
Message-ID: <200905170747.n4H7l05O007753@intel1.peregrinehw.com>

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From real.estate.professor at hotmail.com  Sun May 17 09:45:25 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Sun, 17 May 2009 08:45:25 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
	<20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu> 
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
Message-ID: <BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>


What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.

 

Kyle Cascioli

www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems
> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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

_________________________________________________________________
Insert movie times and more without leaving Hotmail?.
http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009
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From real.estate.professor at hotmail.com  Sun May 17 09:47:39 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Sun, 17 May 2009 08:47:39 -0500
Subject: [5-DayForum] Need help with "list of rules"
In-Reply-To: <1458377369-1242349936-cardhu_decombobulator_blackberry.rim.net-126656468-@bxe1163.bisx.prod.on.blackberry>
References: <1458377369-1242349936-cardhu_decombobulator_blackberry.rim.net-126656468-@bxe1163.bisx.prod.on.blackberry>
Message-ID: <BLU122-W35D1355D6DDDE1FD734C09B45D0@phx.gbl>


Yes ... visit www.AuctionBySeller.com and www.AuctionByBuilder.com to view free case studies on sucessful 5 Day Sales and properties over $1mm.

 

Kyle Cascioli

www.AuctionBySeller.com 
 
> To: 5-dayforum at mailman.howtosellyourhomein5days.com; 5-dayforum at howtosellyourhomein5days.com
> From: akmihos at verizon.net
> Date: Fri, 15 May 2009 01:12:01 +0000
> Subject: Re: [5-DayForum] Need help with "list of rules"
> 
> Has anyone sold $1M+ house in the past 2-3 years? If yes, what type of advertising did you use other than the local and regional papers? The house that I am looking to sell is actually closer to $2M+ (new construction), but that should not make any difference as the customer base will still be higher end. I don't think listing a house at this price range on Craiglists will do much for it, unless you have had a positive experience in this range. Any other web sites other than setting up my own web site which I will do anyway. Any input would be greatly appreciated. 
> ------Original Message------
> From: lynn Corcoran
> Sender: 5-dayforum-bounces+akmihos=verizon.net at mailman.howtosellyourhomein5days.com
> To: 5-dayforum at howtosellyourhomein5days.com
> ReplyTo: How To Sell Your Home in 5-Days
> Sent: May 14, 2009 8:40 PM
> Subject: [5-DayForum] Need help with "list of rules"
> 
> Hi,
> 
> I'm "almost" ready to go for Saturday and Sunday.  Have enthusiasm, Have over 25 calls....have a building inspection....have all of the originals ready to be copied tomorrow.  Also...have no idea what to put on my list of rules except that no one is bound to anything except after a legal offer to purchase has been signed by both parties.  Please...can someone send me their list of rules to give me some idea what should be on it.  I, unfortunately, need it within twelve hours because the house is not in my town and not near my computer.  Is there anyone who can help me with this.  Thanks.   
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 
> 
> 
> Sent via BlackBerry by AT&T
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

_________________________________________________________________
Hotmail? has a new way to see what's up with your friends.
http://windowslive.com/Tutorial/Hotmail/WhatsNew?ocid=TXT_TAGLM_WL_HM_Tutorial_WhatsNew1_052009
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From macycles at yahoo.com  Sun May 17 14:00:05 2009
From: macycles at yahoo.com (M A)
Date: Sun, 17 May 2009 11:00:05 -0700 (PDT)
Subject: [5-DayForum] Question
Message-ID: <717450.39402.qm@web59713.mail.ac4.yahoo.com>

hi Sean,

thank you,
i do have it listed on owners.com with no results yet. no one so far called from there... 
not sure why. will try and get on realtor.com this week.

thanks for the help.
mary
--- On Sun, 5/17/09, Sean Folkson <sean at folkson.com> wrote:

From: Sean Folkson <sean at folkson.com>
Subject: [5-DayForum]  Question
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Sunday, May 17, 2009, 7:44 AM


 
Mary,


Did you get on the MLS and realtor.com?? Those will trickle down to
Yahoo Realty, Zillow, Trulia, and all the others.? In both sales
I've done (one in seattle, one in New York), the exposure from those
listings far outpulled Craigslist, and the newspaper.


those are the keys.? I used Owners.com and worked with a great guy
over there.? I can dig up his name and extension if you want, but my
guess is anybody over there can help you.


sean





You wrote:


its interesting that i haven't gotten any response from any of the
websites i listed on, except for craigslist where i get low balled every
5 minutes. which cites besides realtor.com are any good? because you must
be advertising somewhere where i am not familiar with.


thank you

mary







 

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

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



      
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From sean at folkson.com  Sun May 17 16:37:07 2009
From: sean at folkson.com (Sean Folkson)
Date: Sun, 17 May 2009 22:37:07 +0200
Subject: [5-DayForum]  Question
Message-ID: <200905172037.n4HKbsYd028963@intel1.peregrinehw.com>

Hi mary,

Owners.com has a program that allows you to get on Realtor.com and 
the flat-fee MLS.  You can do either one, or both, I believe.

When you get on Realtor.com, many other sites will start to pick up 
your listing, that is key.  Again, I'd make sure to get on BOTH the 
MLS program, and Realtor.com.

when is your sale?


From lbicon at aol.com  Sun May 17 18:12:16 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Sun, 17 May 2009 18:12:16 -0400
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
	<BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
Message-ID: <8CBA553ABE3228D-1274-52C3@WEBMAIL-MA21.sysops.aol.com>

The public records show how much was originally/subsequently was?borrowed and the recording of the deed attached to the loan. The public records do not show how much is owed on the property currently. That can only be determined from credit reports.

Conrad Kuiken?


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Sun, 17 May 2009 6:45 am
Subject: Re: [5-DayForum] Price very low - problems


What is?owed on a?property is a matter of public record and buyers can learn of that if they know how to research it.
?
Kyle Cascioli
www.AuctionBySeller.com 
?
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems
> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have=2
0it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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

Insert movie times and more without leaving Hotmail?. See how. = 


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From macycles at yahoo.com  Sun May 17 19:01:29 2009
From: macycles at yahoo.com (M A)
Date: Sun, 17 May 2009 16:01:29 -0700 (PDT)
Subject: [5-DayForum] Question
Message-ID: <848280.30926.qm@web59715.mail.ac4.yahoo.com>

i am selling it already the conventional way... its? going slow...


--- On Sun, 5/17/09, Sean Folkson <sean at folkson.com> wrote:

From: Sean Folkson <sean at folkson.com>
Subject: [5-DayForum]  Question
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Sunday, May 17, 2009, 8:37 PM

Hi mary,

Owners.com has a program that allows you to get on Realtor.com and 
the flat-fee MLS.? You can do either one, or both, I believe.

When you get on Realtor.com, many other sites will start to pick up 
your listing, that is key.? Again, I'd make sure to get on BOTH the 
MLS program, and Realtor.com.

when is your sale?

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



      
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From patrycja at MIT.EDU  Sun May 17 22:31:43 2009
From: patrycja at MIT.EDU (Patrycja E Missiuro)
Date: Sun, 17 May 2009 22:31:43 -0400
Subject: [5-DayForum] Did the Open House this weekend and bidding
In-Reply-To: <848280.30926.qm@web59715.mail.ac4.yahoo.com>
References: <848280.30926.qm@web59715.mail.ac4.yahoo.com>
Message-ID: <20090517223143.h0l9rzirofswk48g@webmail.mit.edu>

Hi,

My husband and I did everything by the book. We live and own a condo in
Cambridge, MA which is still a good market. Got over 25 calls and over 60
different people in 2 days. We just finished the bidding at 280K which is way
below the market price for a condo in Cambridge of the kind we are selling -
the lowest one can expect for this is 320K, the average is like $350K. Most
people who came in were looking for a bargain, they were smart but they just
could not get over the enormous price difference jump from 174,500 which we
listed it at. There is something wrong here when the top bidder is a real
estate agent who is now pressuring us to sell it to him b/c he knows it is way
under market value.

The method does not work and it needs serious tweaks. It was an enormously
draining experience for us.

Please keep this in mind.
Patricia and Dmitry





From lynncorcoranster at gmail.com  Sun May 17 22:47:40 2009
From: lynncorcoranster at gmail.com (lynn Corcoran)
Date: Sun, 17 May 2009 21:47:40 -0500
Subject: [5-DayForum] Sale finished today.....
Message-ID: <6d1543390905171947t4deb7048g97fb09e10a5c6074@mail.gmail.com>

Well,

I'm just back home from using the 5 day method on a house in Door County.
It was lots of fun but I didn't get as much as I needed to get.  So I'm
licking my wounds and trying to decide what to do next.  I got $100 over
what I advertised as the price.  I had plenty of lookers and started out
with 11 bids.  Two dropped out immediately and there were nine for the first
two rounds and 6 for the next three so that was good.  Now....I have been
watching this forum to realize that that is supposed to be the real price of
that property on this weekend.  *But *(here is my next question)....does
anyone know any "out of the box" mortgage companies?  That is what I'll need
to get this finished.  I'm going to need to refinance some other property to
get the bank to release this piece with such a low sale price.  So....if
anyone knows a "creative" loan company I would like to know their name.
Thanks,  Lynn
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From tlqness at yahoo.com  Sun May 17 23:28:59 2009
From: tlqness at yahoo.com (Terri Quenzer)
Date: Sun, 17 May 2009 20:28:59 -0700 (PDT)
Subject: [5-DayForum] Question about MLS listing
Message-ID: <372443.78209.qm@web53505.mail.re2.yahoo.com>

Thank you for all the feedback about listing on the MLS! As an FYI, there is a site in Southern California, www.socalflatfeemls.com, in which the broker charges a flat fee of $119 to list your house on the MLS for up to 4 months, and that is the only fee.?? -Terri


      
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From tlqness at yahoo.com  Sun May 17 23:28:59 2009
From: tlqness at yahoo.com (Terri Quenzer)
Date: Sun, 17 May 2009 20:28:59 -0700 (PDT)
Subject: [5-DayForum] Question about MLS listing
Message-ID: <372443.78209.qm@web53505.mail.re2.yahoo.com>

Thank you for all the feedback about listing on the MLS! As an FYI, there is a site in Southern California, www.socalflatfeemls.com, in which the broker charges a flat fee of $119 to list your house on the MLS for up to 4 months, and that is the only fee.?? -Terri


      
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From go.jelinco at gmail.com  Mon May 18 08:46:24 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Mon, 18 May 2009 07:46:24 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
	<20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
	<BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
Message-ID: <60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com>

Kyle,

If there is some way that you know of where buyers can find out exactly what
is owed on a property, please let us know how.

Thanks,
Linda

On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <
real.estate.professor at hotmail.com> wrote:

>  What is owed on a property is a matter of public record and buyers can
> learn of that if they know how to research it.
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
> > Date: Thu, 14 May 2009 22:01:43 -0500
> > From: go.jelinco at gmail.com
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: Re: [5-DayForum] Price very low - problems
>
> >
> > They can't know what you owe...they can only speculate based on the
> > original loan amount that they calculated ...and they are guessing
> > that you haven't put any extra money toward the principle. They can't
> > call your bank and find out what the balance is. The bank can not
> > discuss your account with anyone but you without written permission.
> > It's really none of their business...and behaving badly just proves
> > that they are interested as well as confused. Hold strong.
> >
> > Hope this helps,
> > Linda
> >
> > On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > > Hi,
> > >
> > > Regarding the price being slightly less than half of what we expect.
> > >
> > > Well, we have it listed on craigslist for the Boston area and people
> here
> > > have
> > > actually been looking up our house and mortgage on it and we have had
> > > several
> > > people email us and say that since the listing price is lower than the
> > > mortgage
> > > - it sounds very suspicious and that it is misrepresentation.
> Especially
> > > since
> > > they know that the price listed is less than what's still owed to the
> bank.
> > >
> > > People here in Boston are quite aggressive and they are actually
> getting
> > > upset
> > > at us listing at a price that is not what we are willing to sell the
> > > house for.
> > > We have had more than one call about it.
> > >
> > > Just thought you may want to know, I am actually getting worried about
> > > our open
> > > house and how much of that we'll have to face.
> > >
> > > Thanks,
> > > patricia
> > >
> > >
> > >
> > >
> > > _______________________________________________
> > > 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
>
> ------------------------------
> Insert movie times and more without leaving Hotmail?. See how.<http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From sean at folkson.com  Mon May 18 08:46:59 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 14:46:59 +0200
Subject: [5-DayForum] Sale finished today.....
In-Reply-To: <6d1543390905171947t4deb7048g97fb09e10a5c6074@mail.gmail.co
 m>
References: <6d1543390905171947t4deb7048g97fb09e10a5c6074@mail.gmail.com>
Message-ID: <200905181247.n4IClP3t012403@intel1.peregrinehw.com>

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From sean at folkson.com  Mon May 18 08:47:45 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 14:47:45 +0200
Subject: [5-DayForum] Question
In-Reply-To: <848280.30926.qm@web59715.mail.ac4.yahoo.com>
References: <848280.30926.qm@web59715.mail.ac4.yahoo.com>
Message-ID: <200905181251.n4ICpdfJ015222@intel1.peregrinehw.com>

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From rosemarie-fred at mindspring.com  Mon May 18 09:46:07 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Mon, 18 May 2009 09:46:07 -0400
Subject: [5-DayForum] Can someone sue us if we do not sell b/c
	thepriceistoo low
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
	<668543.4940.qm@web53109.mail.re2.yahoo.com>
Message-ID: <1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv>

A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller

  ----- Original Message ----- 
  From: Damian Colden 
  To: How To Sell Your Home in 5-Days 
  Sent: Saturday, May 16, 2009 7:30 AM
  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


  Tom - 

  Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

  Good luck and look forward to hearing about your experience.


  Dac Colden





------------------------------------------------------------------------------
  From: "tgarter at comcast.net" <tgarter at comcast.net>
  To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
  Sent: Friday, May 15, 2009 9:55:04 PM
  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


  Dac,
  We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
  Newspaper    0
  Craigslist       36
  Radio Show     1
  Bulletin Board  1

  If you want to come to our sale, it's Sat and Sun 10-5
  6488 Evergreen, Portage, Mi 49024
  Tom Garter   269-321-7702



  ----- Original Message -----
  From: "Damian Colden" <damian_colden at yahoo.com>
  To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
  Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


  John - 

  Add me to your list for the details on how you have adjusted the system for your clients. 

  Thanks in advance for the information.


  Dac Colden
  Realtor
  The KatieDidIt! Team
  Keller Williams Realty
  Grand Blanc, MI




------------------------------------------------------------------------------
  From: John Paul Perez <jpperez100 at msn.com>
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Sent: Thursday, May 14, 2009 11:45:02 PM
  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

  Joan & Holly, 
   
  I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
   
  If you would like more details on how I have used this method, or my variation of it, just let me know... 
   
  Best of luck.
   
  Jp
   

------------------------------------------------------------------------------
  Date: Thu, 14 May 2009 11:31:39 -0700
  From: hollymac2 at yahoo.com
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

        Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

        Keep us posted on what you decide.  I think we could be on to something!
        Good Luck!
        Holly

        --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


          From: Joan Vickers <joanvickers13 at yahoo.com>
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
          To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
          Date: Thursday, May 14, 2009, 4:21 AM


          Hello, 
          I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
          Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
          Joan Vickers




----------------------------------------------------------------------
          From: bvgore <bvgore at insightbb.com>
          To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Wednesday, May 13, 2009 9:22:08 PM
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


          Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
            ----- Original Message ----- 
            From: rosemarie-fred 
            To: How To Sell Your Home in 5-Days 
            Sent: Wednesday, May 13, 2009 10:24 PM
            Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


            Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
            Rosemarie
              ----- Original Message ----- 
              From: Patrycja Vasilyev Missiuro 
              To: 5-dayforum at howtosellyourhomein5days.com 
              Sent: Wednesday, May 13, 2009 3:29 PM
              Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


              Can a buyer sue b/c we decide not to sell b/c the price is too low?



------------------------------------------------------------------

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--------------------------------------------------------------------

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  Insert movie times and more without leaving Hotmail?. See how.


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




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From macycles at yahoo.com  Mon May 18 10:19:57 2009
From: macycles at yahoo.com (M A)
Date: Mon, 18 May 2009 07:19:57 -0700 (PDT)
Subject: [5-DayForum] hi Sean, would really like to know this
Message-ID: <136850.60231.qm@web59714.mail.ac4.yahoo.com>

Hi? Sean,

yes some interest, 2 offers that fell through, jumpy buyers. price is not low, but not high ether, somewheres the average for my area. the building is in nice condition though, so buyers get exited, then run off. it really is a lousy time to sell, but i need to move.

Sean, i am have trouble getting? listed on MLS through a broker in new york city, they want to get an exclusive out of me before they list my property on MLS. can i ask who was the broker you listed through for the 1% commision? i am having no luck on my own finding one who will help me.

also, if i go through Owners.com and pay the $360 to be listed on realtor.com? and MLS, is that the same MLS that you paid your broker 1% commision to get into? i am a little confused about MLS in general, not sure how many different types of MLS are out there... any enlightnment on the issue would be very helpful.

Thank you 
mary



--- On Mon, 5/18/09, Sean Folkson <sean at folkson.com> wrote:

From: Sean Folkson <sean at folkson.com>
Subject: Re: [5-DayForum] Question
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 18, 2009, 12:47 PM


 
how do you have it priced?


any interest?? Any offers?




At 01:01 AM 5/18/2009, you wrote:

i am selling it already the
conventional way.... its? going slow...




--- On Sun, 5/17/09, Sean Folkson <sean at folkson.com>
wrote:





From: Sean Folkson <sean at folkson.com>


Subject: [5-DayForum] Question


To: 5-dayforum at mailman.howtosellyourhomein5days.com


Date: Sunday, May 17, 2009, 8:37 PM



Hi mary,



Owners.com has a program that allows you to get on Realtor.com and



the flat-fee MLS.? You can do either one, or both, I
believe.



When you get on Realtor.com, many other sites will start to pick up



your listing, that is key.? Again, I'd make sure to get on BOTH
the 


MLS program, and Realtor.com.



when is your sale?



_______________________________________________


5-DayForum mailing list




5-DayForum at mailman.howtosellyourhomein5days.com




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






_______________________________________________

5-DayForum mailing list

5-DayForum at mailman.howtosellyourhomein5days.com


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

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

_______________________________________________
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From joanvickers13 at yahoo.com  Mon May 18 10:31:14 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Mon, 18 May 2009 07:31:14 -0700 (PDT)
Subject: [5-DayForum] Has anyone out there sold their home using this method?
In-Reply-To: <1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
	<668543.4940.qm@web53109.mail.re2.yahoo.com>
	<1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv>
Message-ID: <437586.15750.qm@web110605.mail.gq1.yahoo.com>

Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers




________________________________
From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
?
----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

Dac Colden 




________________________________
From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.? We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.? We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.? We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper??? 0
Craigslist?????? 36
Radio Show???? 1
Bulletin Board? 1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter?? 269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI




________________________________
From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
?
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know... 
?
Best of luck.
?
Jp
?
________________________________
Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors.? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

Keep us posted on what you decide.? I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM


Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 
Joan Vickers




________________________________
From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie
----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

Can a buyer sue b/c we decide not to sell b/c the price is too low?
?


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


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


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________________________________
Insert movie times and more without leaving Hotmail?. See how.

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

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From gnewell at tds.net  Mon May 18 10:34:47 2009
From: gnewell at tds.net (Gina Newell)
Date: Mon, 18 May 2009 09:34:47 -0500
Subject: [5-DayForum] House Sold
In-Reply-To: <497096.88101.qm@web110608.mail.gq1.yahoo.com>
References: <004d01c9d4ac$c69162d0$53b42870$@net>
	<497096.88101.qm@web110608.mail.gq1.yahoo.com>
Message-ID: <013a01c9d7c5$d02dc740$708955c0$@net>

Hi Joan:

  I didn?t explain or elaborate on all the things that happened when dealing with this realtor and I don?t intend to do so now. The offer was not as good as he originally boasted that he could get by a substantial amount, but we needed to end the financial ?bleeding.?  

  The house was completely renovated and was absolutely beautiful. One expects basic services when hiring a realtor (a 6-month contract), which did not happen. I do not like paying for bad service. Our realtor only presented us with an offer written by a Buyer?s Agent?an offer he told us to refuse. 

  I am not ashamed that I do not recommend this realtor, nor any other realtor who fails in their due diligence.

 

--Gina Newell in Madison, WI

   

  

 

 

 

From: 5-dayforum-bounces+gnewell=tds.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+gnewell=tds.net at mailman.howtosellyourhomein5days.com] On Behalf Of Joan Vickers
Sent: Friday, May 15, 2009 7:00 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] House Sold

 

Hello Gina Newell,

Can you explain to me why your Realtor was "not reputable" by bringing an offer to you and selling your home as you hired him to do? He brought the buyer to you before the contract ended. There is always a protection period after the end of the contract due to exactly this type of thing happening. Your Realtor was responsible for bringing the buyer. You could have refused the offer if you really did not want to pay the Realtor who went to great expense and time listing and marketing your home. You said "it was an offer you couldn't refuse", so I assume it was a very good offer. I bet you are bad mouthing him in Madison as I write this. The only way real estate agents get paid is by performing for their clients, and your Realtor performed for you. Do you know how expensive it is to be a Realtor? The fees are astronomical; there are the MLS and board fees and dues, the E and O insurance, marketing fees, office fees, continued education fees and on and on and on. YOU, should be ashamed of yourself for thinking that agents do NOT earn their money, WE get to keep very little of the percentage that is charged. A lot of companies charge 10%, you are lucky your agent did not charge you more. After all you seem like a very difficult client. By the way how long was your home on the market? It is a difficult time right now and the expense is probably a lot more than usual. 

 

I hope you will thank your agent and stop with the bad mouthing. YOU made the decision and listed your property. How do you know you would have even sold your home on the 5 day method? And how do you know you would not have received the same or even less. Shame, shame shame on you. If I knew who your agent was, I would forward this email to him. In fact, I may look your agent up and let him know about all of this.

Joan Vickers 

 

  _____  

From: Gina Newell <gnewell at tds.net>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 9:58:05 AM
Subject: [5-DayForum] House Sold

Hello folks:

  I wish I could tell you that my ?tweaked 5-day? method worked to sell the house we renovated to sell, but I had to withdraw the auction before it started this week-end. We had previously listed the house with a realtor before I found the 5-day method. The realtor?s contract expired April 30, but he brought an offer to the table yesterday from a person who viewed the house right before the contract expired. It was an offer we couldn?t refuse..although unfortunately we have to pay 6% realtor/broker?s fees.

To repeat myself from previous postings, I was not comfortable saying the house would sell by Sunday night when in fact that might not be the case. So I decided to advertise for 3 solid weeks and sell by May 31st and did not list a starting price.  I will definitely try a tweaked version of the 5-day method again when I?m ready to sell my current house. I am sure there must be some very reputable realtors out there, but as of yet, I have not had the pleasure of doing business with any of them.

Good luck to all of you and thank you for all your advice.

Gina from Madison, WI

 

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From skyhighplanning at gmail.com  Mon May 18 10:47:46 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Mon, 18 May 2009 10:47:46 -0400
Subject: [5-DayForum] Has anyone out there sold their home using this
	method?
In-Reply-To: <437586.15750.qm@web110605.mail.gq1.yahoo.com>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
	<668543.4940.qm@web53109.mail.re2.yahoo.com>
	<1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv>
	<437586.15750.qm@web110605.mail.gq1.yahoo.com>
Message-ID: <CA12DE44-4665-458A-864B-A0054807025D@gmail.com>

Yes.  The thing is that most succesful sellers don't bother mentioning  
their story.  This method works as long as you are aware of current  
market values (recent sales comparable) & you market aggressively.

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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com>  
wrote:

> Hi Everyone,
> I have been reading this forum for about a week. All I hear about  
> are failures. Has anyone sold their homes using this method? I am in  
> real estate and would very much like to do this for my clients.
> Joan Vickers
>
> From: rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Monday, May 18, 2009 7:46:07 AM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> thepriceistoo low
>
> A reminder, please - change the subject when you change the subject!  
> This subject has been going around for days, and most of the  
> messages are about something else entirely. Once upon a time we  
> asked everyone to head the subject with the date and city of their  
> sale, if that was upcoming. That is helpful. Otherwise, please just  
> write a subject that makes sense to you. That way it creats a new  
> thread in the archives and the discussion will be relevant when  
> folks look it up.
> Thanks
> Rosemarie - occasional seller
>
> ----- Original Message -----
> From: Damian Colden
> To: How To Sell Your Home in 5-Days
> Sent: Saturday, May 16, 2009 7:30 AM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> thepriceistoo low
>
> Tom -
>
> Got appointments today and tomorrow or I'd make the 2 hour drive to  
> Portage. I think I found one around here to go take a walk through.
>
> Good luck and look forward to hearing about your experience.
>
> Dac Colden
>
>
> From: "tgarter at comcast.net" <tgarter at comcast.net>
> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Friday, May 15, 2009 9:55:04 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Dac,
> We are holding a 5 day tomorrow.  We had an outstanding ad in the  
> Kalamazoo Gazette since Wed and have not received on phone call.  We  
> also advertised on Craigslist starting Wed. We received 25 emails  
> wed and a total of 36 by 10 pm Fri.  We also received one from a  
> free radio call in show and one from a bulletin board at Kelloggs  
> where my wife works.
> Newspaper    0
> Craigslist       36
> Radio Show     1
> Bulletin Board  1
>
> If you want to come to our sale, it's Sat and Sun 10-5
> 6488 Evergreen, Portage, Mi 49024
> Tom Garter   269-321-7702
>
>
>
> ----- Original Message -----
> From: "Damian Colden" <damian_colden at yahoo.com>
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> John -
>
> Add me to your list for the details on how you have adjusted the  
> system for your clients.
>
> Thanks in advance for the information.
>
> Dac Colden
> Realtor
> The KatieDidIt! Team
> Keller Williams Realty
> Grand Blanc, MI
>
> From: John Paul Perez <jpperez100 at msn.com>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Thursday, May 14, 2009 11:45:02 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Joan & Holly,
>
> I am also a Realtor, and I have been conducting sales similar to the  
> 5 day sale in my area for awhile now. It works extremely well in a  
> slow market and has produced terrific results for many of my  
> clients. This is a great system, there are a few adjustments that  
> must be made, however, we have it down to a science and as stated,  
> have done well.
>
> If you would like more details on how I have used this method, or my  
> variation of it, just let me know...
>
> Best of luck.
>
> Jp
>
> Date: Thu, 14 May 2009 11:31:39 -0700
> From: hollymac2 at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Joan - I also am a Real Estate Broker (new to the biz) and like you,  
> I see some potential for this method even for Realtors.  I think MLS  
> is critical to success and I am trying to see how the listing would  
> look for a 5-Day Sale.  I also agree with you, not sure how to  
> handle the "By Owner" thing, altho I suspect the real draw (in  
> advertising) is the price (well below expected value) and a little  
> less critical is the "By Owner."
>
> Keep us posted on what you decide.  I think we could be on to  
> something!
> Good Luck!
> Holly
>
> --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:
>
> From: Joan Vickers <joanvickers13 at yahoo.com>
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Thursday, May 14, 2009, 4:21 AM
>
> Hello,
> I am a real estate agent. In the book it stated that agents could  
> use the 5 day method. The book has not said how to do it. Also, on  
> the add what do I put where it says "By Owner"?
> Thanks so much, I hope you can answer, I really want to try this on  
> listings and my own home.
> Joan Vickers
>
> From: bvgore <bvgore at insightbb.com>
> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Wednesday, May 13, 2009 9:22:08 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Plus, it should be clear that no one, buyer or seller is obligated  
> at any time. That should be stated clearly in the rules.
> ----- Original Message -----
> From: rosemarie-fred
> To: How To Sell Your Home in 5-Days
> Sent: Wednesday, May 13, 2009 10:24 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Not unless you signed a contract! And they are not buyers until the  
> contract is signed - just prospects. No one can force you to sign a  
> contract. ( well, actually anyone can sue anyone about anything, but  
> they won't get a lawyer to take a case with no contract.)
> Rosemarie
> ----- Original Message -----
> From: Patrycja Vasilyev Missiuro
> To: 5-dayforum at howtosellyourhomein5days.com
> Sent: Wednesday, May 13, 2009 3:29 PM
> Subject: [5-DayForum] Can someone sue us if we do not sell b/c the  
> price istoo low
>
> Can a buyer sue b/c we decide not to sell b/c the price is too low?
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
> -----Inline Attachment Follows-----
>
> _______________________________________________ 5-DayForum mailing  
> list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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>
> _______________________________________________
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> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> Insert movie times and more without leaving Hotmail?. 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 skyhighplanning at gmail.com  Mon May 18 10:49:58 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Mon, 18 May 2009 10:49:58 -0400
Subject: [5-DayForum] hi Sean, would really like to know this
In-Reply-To: <136850.60231.qm@web59714.mail.ac4.yahoo.com>
References: <136850.60231.qm@web59714.mail.ac4.yahoo.com>
Message-ID: <30B3ADB6-F06F-4108-AE73-75038A73CB2B@gmail.com>

The MLS is the same whether you use a realtor or a flat fee service.   
If done properly, you can pay a flat fee & get MLS,  
Realtor.com.....several other sites.

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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 18, 2009, at 10:19 AM, M A <macycles at yahoo.com> wrote:

> Hi  Sean,
>
> yes some interest, 2 offers that fell through, jumpy buyers. price  
> is not low, but not high ether, somewheres the average for my area.  
> the building is in nice condition though, so buyers get exited, then  
> run off. it really is a lousy time to sell, but i need to move.
>
> Sean, i am have trouble getting  listed on MLS through a broker in  
> new york city, they want to get an exclusive out of me before they  
> list my property on MLS. can i ask who was the broker you listed  
> through for the 1% commision? i am having no luck on my own finding  
> one who will help me.
>
> also, if i go through Owners.com and pay the $360 to be listed on  
> realtor.com  and MLS, is that the same MLS that you paid your broker  
> 1% commision to get into? i am a little confused about MLS in  
> general, not sure how many different types of MLS are out there...  
> any enlightnment on the issue would be very helpful.
>
> Thank you
> mary
>
>
>
> --- On Mon, 5/18/09, Sean Folkson <sean at folkson.com> wrote:
>
> From: Sean Folkson <sean at folkson.com>
> Subject: Re: [5-DayForum] Question
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Monday, May 18, 2009, 12:47 PM
>
> how do you have it priced?
>
> any interest?  Any offers?
>
>
> At 01:01 AM 5/18/2009, you wrote:
>> i am selling it already the conventional way.... its  going slow...
>>
>>
>> --- On Sun, 5/17/09, Sean Folkson <sean at folkson.com> wrote:
>>
>> From: Sean Folkson <sean at folkson.com>
>> Subject: [5-DayForum] Question
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Date: Sunday, May 17, 2009, 8:37 PM
>>
>> Hi mary,
>>
>> Owners.com has a program that allows you to get on Realtor.com and
>> the flat-fee MLS.  You can do either one, or both, I believe.
>>
>> When you get on Realtor.com, many other sites will start to pick up
>> your listing, that is key.  Again, I'd make sure to get on BOTH the
>> MLS program, and Realtor.com.
>>
>> when is your sale?
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> -----Inline Attachment Follows-----
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
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> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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From patrycja at MIT.EDU  Mon May 18 10:54:08 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Mon, 18 May 2009 10:54:08 -0400
Subject: [5-DayForum] Has anyone out there sold their home using
	thismethod?
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>
	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
Message-ID: <9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>

Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

Thanks,
Patricia & Dmitry

  ----- Original Message ----- 
  From: SKY HIGH 
  To: How To Sell Your Home in 5-Days 
  Sent: Monday, May 18, 2009 10:47 AM
  Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


  Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

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


  Coming Soon:


  www.SKYHIGHPLANNING.com


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


   -  Walt Disney

  On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:


    Hi Everyone,
    I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
    Joan Vickers




----------------------------------------------------------------------------
    From: rosemarie-fred <rosemarie-fred at mindspring.com>
    To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
    Sent: Monday, May 18, 2009 7:46:07 AM
    Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


    A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
    Thanks
    Rosemarie - occasional seller

      ----- Original Message ----- 
      From: Damian Colden 
      To: How To Sell Your Home in 5-Days 
      Sent: Saturday, May 16, 2009 7:30 AM
      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


      Tom - 

      Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

      Good luck and look forward to hearing about your experience.


      Dac Colden 





--------------------------------------------------------------------------
      From: "tgarter at comcast.net" <tgarter at comcast.net>
      To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
      Sent: Friday, May 15, 2009 9:55:04 PM
      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


      Dac,
      We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
      Newspaper    0
      Craigslist       36
      Radio Show     1
      Bulletin Board  1

      If you want to come to our sale, it's Sat and Sun 10-5
      6488 Evergreen, Portage, Mi 49024
      Tom Garter   269-321-7702



      ----- Original Message -----
      From: "Damian Colden" <damian_colden at yahoo.com>
      To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
      Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


      John - 

      Add me to your list for the details on how you have adjusted the system for your clients. 

      Thanks in advance for the information.


      Dac Colden 
      Realtor
      The KatieDidIt! Team
      Keller Williams Realty
      Grand Blanc, MI




--------------------------------------------------------------------------
      From: John Paul Perez <jpperez100 at msn.com>
      To: 5-dayforum at mailman.howtosellyourhomein5days.com
      Sent: Thursday, May 14, 2009 11:45:02 PM
      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

      Joan & Holly, 
       
      I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
       
      If you would like more details on how I have used this method, or my variation of it, just let me know... 
       
      Best of luck.
       
      Jp
       

--------------------------------------------------------------------------
      Date: Thu, 14 May 2009 11:31:39 -0700
      From: hollymac2 at yahoo.com
      To: 5-dayforum at mailman.howtosellyourhomein5days.com
      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

            Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

            Keep us posted on what you decide.  I think we could be on to something!
            Good Luck!
            Holly

            --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


              From: Joan Vickers <joanvickers13 at yahoo.com>
              Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
              To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
              Date: Thursday, May 14, 2009, 4:21 AM


              Hello, 
              I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
              Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
              Joan Vickers




------------------------------------------------------------------
              From: bvgore <bvgore at insightbb.com>
              To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
              Sent: Wednesday, May 13, 2009 9:22:08 PM
              Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


              Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
                ----- Original Message ----- 
                From: rosemarie-fred 
                To: How To Sell Your Home in 5-Days 
                Sent: Wednesday, May 13, 2009 10:24 PM
                Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


                Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
                Rosemarie
                  ----- Original Message ----- 
                  From: Patrycja Vasilyev Missiuro 
                  To: 5-dayforum at howtosellyourhomein5days.com 
                  Sent: Wednesday, May 13, 2009 3:29 PM
                  Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


                  Can a buyer sue b/c we decide not to sell b/c the price is too low?



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From macycles at yahoo.com  Mon May 18 10:57:46 2009
From: macycles at yahoo.com (M A)
Date: Mon, 18 May 2009 07:57:46 -0700 (PDT)
Subject: [5-DayForum] hi Sean, would really like to know this
Message-ID: <360272.27631.qm@web59708.mail.ac4.yahoo.com>

well, i was just talking to people at Owner.com and they told me i can pay for the MLS with a flat fee, but i will not get a local coverage in brooklyn where? my? building is at! i can get manhattan and long island, and that seems to be all. Somehow i? think the MLS coverage has to do with with which broker you are dealing with. For example i found out that Century21 covers all of New York city, all borrows... so for me looks like owners.com website will not be of service because i would be paying a flat fee MLS moneys and not get into the local brooklyn MLS anyways that i need.? i think we have to be careful when we say they are all the same, they dont' appear to be,at least not after talking to people.

if you know something else, please let me know. i am still not clear about all this.


--- On Mon, 5/18/09, SKY HIGH <skyhighplanning at gmail.com> wrote:

From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] hi Sean, would really like to know this
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 18, 2009, 2:49 PM

The MLS is the same whether you use a realtor or a flat fee service. ?If done properly, you can pay a flat fee & get MLS, Realtor.com.....several other sites.
Carlos A. ChicaSky High Planning, Inc.7380 Sand Lake Rd. ?#500Orlando, FL ?32819Office: ?(407) 352-3220Fax: ? ? ?(407) 738-4816Cell: ? ? ?(646) 552-0107skyhighplanning at gmail.com
Coming Soon:
www.SKYHIGHPLANNING.com
"It's kind of Fun to do the Impossible"
?- ?Walt Disney
On May 18, 2009, at 10:19 AM, M A <macycles at yahoo.com> wrote:

Hi? Sean,

yes some interest, 2 offers that fell through, jumpy buyers. price is not low, but not high ether, somewheres the average for my area. the building is in nice condition though, so buyers get exited, then run off. it really is a lousy time to sell, but i need to move.

Sean, i am have trouble getting? listed on MLS through a broker in new york city, they want to get an exclusive out of me before they list my property on MLS. can i ask who was the broker you listed through for the 1% commision? i am having no luck on my own finding one who will help me.

also, if i go through Owners.com and pay the $360 to be listed on realtor.com? and MLS, is that the same MLS that you paid your broker 1% commision to get into? i am a little confused about MLS in general, not sure how many different types of MLS are out there... any
 enlightnment on the issue would be very helpful.

Thank you 
mary



--- On Mon, 5/18/09, Sean Folkson <sean at folkson.com> wrote:

From: Sean Folkson <sean at folkson.com>
Subject: Re: [5-DayForum] Question
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 18, 2009, 12:47 PM


 
how do you have it priced?


any interest?? Any offers?




At 01:01 AM 5/18/2009, you wrote:

i am selling it already the
conventional way.... its? going slow...




--- On Sun, 5/17/09, Sean Folkson <sean at folkson.com>
wrote:





From: Sean Folkson <sean at folkson.com>


Subject: [5-DayForum] Question


To: 5-dayforum at mailman.howtosellyourhomein5days.com


Date: Sunday, May 17, 2009, 8:37 PM



Hi mary,



Owners.com has a program that allows you to get on Realtor.com and



the flat-fee MLS.? You can do either one, or both, I
believe.



When you get on Realtor.com, many other sites will start to pick up



your listing, that is key.? Again, I'd make sure to get on BOTH
the 


MLS program, and Realtor.com.



when is your sale?



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From rosemary_505 at hotmail.com  Mon May 18 10:59:54 2009
From: rosemary_505 at hotmail.com (Rosemary LaColla)
Date: Mon, 18 May 2009 10:59:54 -0400
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is
 Over and You Are Not Happy With The Price?
In-Reply-To: <9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>
	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com> 
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
Message-ID: <BAY138-W17E513971193F32FBB94ADAC5A0@phx.gbl>


Hello,

 

To Patricia and the other person who held an auction this weekend, are you going to sell to the highest bidder or decline and go another route?

 

Rosemary
 


From: patrycja at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 10:54:08 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?




Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.
 
I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).
 
Thanks,
Patricia & Dmitry
 

----- Original Message ----- 
From: SKY HIGH 
To: How To Sell Your Home in 5-Days 
Sent: Monday, May 18, 2009 10:47 AM
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

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


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:






Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers





From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
 

----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 Dac Colden 






From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI





From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 



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From patrycja at MIT.EDU  Mon May 18 11:06:56 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Mon, 18 May 2009 11:06:56 -0400
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is
	Over and You Are Not Happy With The Price?
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com><CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
	<BAY138-W17E513971193F32FBB94ADAC5A0@phx.gbl>
Message-ID: <ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>

Hi Rosemary,

No, we will decline and go the other route. We cannot afford to sell to the highest bidder, the price is over 60K below the market value for the property and we would have to come up with over 15K to cover our mortgage.

Thanks,
Patricia
  ----- Original Message ----- 
  From: Rosemary LaColla 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Monday, May 18, 2009 10:59 AM
  Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is Over and You Are Not Happy With The Price?


  Hello,
   
  To Patricia and the other person who held an auction this weekend, are you going to sell to the highest bidder or decline and go another route?
   
  Rosemary
   

------------------------------------------------------------------------------
  From: patrycja at MIT.EDU
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Date: Mon, 18 May 2009 10:54:08 -0400
  Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


  Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

  I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

  Thanks,
  Patricia & Dmitry

    ----- Original Message ----- 
    From: SKY HIGH 
    To: How To Sell Your Home in 5-Days 
    Sent: Monday, May 18, 2009 10:47 AM
    Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


    Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

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


    Coming Soon:


    www.SKYHIGHPLANNING.com


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


     -  Walt Disney

    On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:


      Hi Everyone,
      I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
      Joan Vickers




--------------------------------------------------------------------------
      From: rosemarie-fred <rosemarie-fred at mindspring.com>
      To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
      Sent: Monday, May 18, 2009 7:46:07 AM
      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


      A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
      Thanks
      Rosemarie - occasional seller

        ----- Original Message ----- 
        From: Damian Colden 
        To: How To Sell Your Home in 5-Days 
        Sent: Saturday, May 16, 2009 7:30 AM
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


        Tom - 

        Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

        Good luck and look forward to hearing about your experience.


        Dac Colden 





------------------------------------------------------------------------
        From: "tgarter at comcast.net" <tgarter at comcast.net>
        To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
        Sent: Friday, May 15, 2009 9:55:04 PM
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


        Dac,
        We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
        Newspaper    0
        Craigslist       36
        Radio Show     1
        Bulletin Board  1

        If you want to come to our sale, it's Sat and Sun 10-5
        6488 Evergreen, Portage, Mi 49024
        Tom Garter   269-321-7702



        ----- Original Message -----
        From: "Damian Colden" <damian_colden at yahoo.com>
        To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
        Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


        John - 

        Add me to your list for the details on how you have adjusted the system for your clients. 

        Thanks in advance for the information.


        Dac Colden 
        Realtor
        The KatieDidIt! Team
        Keller Williams Realty
        Grand Blanc, MI




------------------------------------------------------------------------
        From: John Paul Perez <jpperez100 at msn.com>
        To: 5-dayforum at mailman.howtosellyourhomein5days.com
        Sent: Thursday, May 14, 2009 11:45:02 PM
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

        Joan & Holly, 
         
        I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
         
        If you would like more details on how I have used this method, or my variation of it, just let me know... 
         
        Best of luck.
         
        Jp
         

------------------------------------------------------------------------
        Date: Thu, 14 May 2009 11:31:39 -0700
        From: hollymac2 at yahoo.com
        To: 5-dayforum at mailman.howtosellyourhomein5days.com
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

              Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

              Keep us posted on what you decide.  I think we could be on to something!
              Good Luck!
              Holly

              --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


                From: Joan Vickers <joanvickers13 at yahoo.com>
                Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
                To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
                Date: Thursday, May 14, 2009, 4:21 AM


                Hello, 
                I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
                Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
                Joan Vickers




----------------------------------------------------------------
                From: bvgore <bvgore at insightbb.com>
                To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
                Sent: Wednesday, May 13, 2009 9:22:08 PM
                Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


                Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
                  ----- Original Message ----- 
                  From: rosemarie-fred 
                  To: How To Sell Your Home in 5-Days 
                  Sent: Wednesday, May 13, 2009 10:24 PM
                  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


                  Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
                  Rosemarie
                    ----- Original Message ----- 
                    From: Patrycja Vasilyev Missiuro 
                    To: 5-dayforum at howtosellyourhomein5days.com 
                    Sent: Wednesday, May 13, 2009 3:29 PM
                    Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


                    Can a buyer sue b/c we decide not to sell b/c the price is too low?



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From rosemary_505 at hotmail.com  Mon May 18 11:11:22 2009
From: rosemary_505 at hotmail.com (Rosemary LaColla)
Date: Mon, 18 May 2009 11:11:22 -0400
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It
	Is	Over and You Are Not Happy With The Price?
In-Reply-To: <ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com><CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
	<BAY138-W17E513971193F32FBB94ADAC5A0@phx.gbl> 
	<ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>
Message-ID: <BAY138-W17B4FE6EA426BA980B3F61AC5A0@phx.gbl>


Thank You Patricia.  Please let me know how that goes, meaning if you have any problems with the highest bidder as a result or what the general reaction is because I intend to do the same thing if the highest bid is too low.
 


From: patrycja at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 11:06:56 -0400
Subject: Re: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is Over and You Are Not Happy With The Price?




Hi Rosemary,
 
No, we will decline and go the other route. We cannot afford to sell to the highest bidder, the price is over 60K below the market value for the property and we would have to come up with over 15K to cover our mortgage.
 
Thanks,
Patricia

----- Original Message ----- 
From: Rosemary LaColla 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 10:59 AM
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is Over and You Are Not Happy With The Price?

Hello,
 
To Patricia and the other person who held an auction this weekend, are you going to sell to the highest bidder or decline and go another route?
 
Rosemary
 


From: patrycja at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 10:54:08 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?




Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.
 
I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).
 
Thanks,
Patricia & Dmitry
 

----- Original Message ----- 
From: SKY HIGH 
To: How To Sell Your Home in 5-Days 
Sent: Monday, May 18, 2009 10:47 AM
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

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


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:






Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers





From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
 

----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 Dac Colden 






From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI





From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 



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From skyhighplanning at gmail.com  Mon May 18 11:16:46 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Mon, 18 May 2009 11:16:46 -0400
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is
	Over and You Are Not Happy With The Price?
In-Reply-To: <ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com><CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
	<BAY138-W17E513971193F32FBB94ADAC5A0@phx.gbl>
	<ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>
Message-ID: <AD5DB846-4BDA-4E25-8012-F70332800039@gmail.com>

How are you calculating market value?

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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 18, 2009, at 11:06 AM, "Patrycja Vasilyev Missiuro" <patrycja at MIT.EDU 
 > wrote:

> Hi Rosemary,
>
> No, we will decline and go the other route. We cannot afford to sell  
> to the highest bidder, the price is over 60K below the market value  
> for the property and we would have to come up with over 15K to cover  
> our mortgage.
>
> Thanks,
> Patricia
> ----- Original Message -----
> From: Rosemary LaColla
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Monday, May 18, 2009 10:59 AM
> Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That  
> It Is Over and You Are Not Happy With The Price?
>
> Hello,
>
> To Patricia and the other person who held an auction this weekend,  
> are you going to sell to the highest bidder or decline and go  
> another route?
>
> Rosemary
>
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Mon, 18 May 2009 10:54:08 -0400
> Subject: Re: [5-DayForum] Has anyone out there sold their home using  
> thismethod?
>
> Well, I think my husband and I did market aggressively. We had  
> approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.
>
> I suspect that the problem is that the listing price was just way  
> too low. Everyone who came in, had in mind that yes, it may go for  
> maybe 50% more but not 100% more. In the end, the price is way below  
> market value, and any real estate agent knows it (especially the one  
> who was bidding and right now is the top bidder).
>
> Thanks,
> Patricia & Dmitry
>
> ----- Original Message -----
> From: SKY HIGH
> To: How To Sell Your Home in 5-Days
> Sent: Monday, May 18, 2009 10:47 AM
> Subject: Re: [5-DayForum] Has anyone out there sold their home using  
> thismethod?
>
> Yes.  The thing is that most succesful sellers don't bother  
> mentioning their story.  This method works as long as you are aware  
> of current market values (recent sales comparable) & you market  
> aggressively.
>
> Carlos A. Chica
> Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
> skyhighplanning at gmail.com
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com>  
> wrote:
>
> Hi Everyone,
> I have been reading this forum for about a week. All I hear about  
> are failures. Has anyone sold their homes using this method? I am in  
> real estate and would very much like to do this for my clients.
> Joan Vickers
>
> From: rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Monday, May 18, 2009 7:46:07 AM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> thepriceistoo low
>
> A reminder, please - change the subject when you change the subject!  
> This subject has been going around for days, and most of the  
> messages are about something else entirely. Once upon a time we  
> asked everyone to head the subject with the date and city of their  
> sale, if that was upcoming. That is helpful. Otherwise, please just  
> write a subject that makes sense to you. That way it creats a new  
> thread in the archives and the discussion will be relevant when  
> folks look it up.
> Thanks
> Rosemarie - occasional seller
>
> ----- Original Message -----
> From: Damian Colden
> To: How To Sell Your Home in 5-Days
> Sent: Saturday, May 16, 2009 7:30 AM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> thepriceistoo low
>
> Tom -
>
> Got appointments today and tomorrow or I'd make the 2 hour drive to  
> Portage. I think I found one around here to go take a walk through.
>
> Good luck and look forward to hearing about your experience.
>
> Dac Colden
>
>
> From: "tgarter at comcast.net" <tgarter at comcast.net>
> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Friday, May 15, 2009 9:55:04 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Dac,
> We are holding a 5 day tomorrow.  We had an outstanding ad in the  
> Kalamazoo Gazette since Wed and have not received on phone call.  We  
> also advertised on Craigslist starting Wed. We received 25 emails  
> wed and a total of 36 by 10 pm Fri.  We also received one from a  
> free radio call in show and one from a bulletin board at Kelloggs  
> where my wife works.
> Newspaper    0
> Craigslist       36
> Radio Show     1
> Bulletin Board  1
>
> If you want to come to our sale, it's Sat and Sun 10-5
> 6488 Evergreen, Portage, Mi 49024
> Tom Garter   269-321-7702
>
>
>
> ----- Original Message -----
> From: "Damian Colden" <damian_colden at yahoo.com>
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> John -
>
> Add me to your list for the details on how you have adjusted the  
> system for your clients.
>
> Thanks in advance for the information.
>
> Dac Colden
> Realtor
> The KatieDidIt! Team
> Keller Williams Realty
> Grand Blanc, MI
>
> From: John Paul Perez <jpperez100 at msn.com>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Thursday, May 14, 2009 11:45:02 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Joan & Holly,
>
> I am also a Realtor, and I have been conducting sales similar to the  
> 5 day sale in my area for awhile now. It works extremely well in a  
> slow market and has produced terrific results for many of my  
> clients. This is a great system, there are a few adjustments that  
> must be made, however, we have it down to a science and as stated,  
> have done well.
>
> If you would like more details on how I have used this method, or my  
> variation of it, just let me know...
>
> Best of luck.
>
> Jp
>
> Date: Thu, 14 May 2009 11:31:39 -0700
> From: hollymac2 at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Joan - I also am a Real Estate Broker (new to the biz) and like you,  
> I see some potential for this method even for Realtors.  I think MLS  
> is critical to success and I am trying to see how the listing would  
> look for a 5-Day Sale.  I also agree with you, not sure how to  
> handle the "By Owner" thing, altho I suspect the real draw (in  
> advertising) is the price (well below expected value) and a little  
> less critical is the "By Owner."
>
> Keep us posted on what you decide.  I think we could be on to  
> something!
> Good Luck!
> Holly
>
> --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:
>
> From: Joan Vickers <joanvickers13 at yahoo.com>
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Thursday, May 14, 2009, 4:21 AM
>
> Hello,
> I am a real estate agent. In the book it stated that agents could  
> use the 5 day method. The book has not said how to do it. Also, on  
> the add what do I put where it says "By Owner"?
> Thanks so much, I hope you can answer, I really want to try this on  
> listings and my own home.
> Joan Vickers
>
> From: bvgore <bvgore at insightbb.com>
> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Sent: Wednesday, May 13, 2009 9:22:08 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Plus, it should be clear that no one, buyer or seller is obligated  
> at any time. That should be stated clearly in the rules.
> ----- Original Message -----
> From: rosemarie-fred
> To: How To Sell Your Home in 5-Days
> Sent: Wednesday, May 13, 2009 10:24 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Not unless you signed a contract! And they are not buyers until the  
> contract is signed - just prospects. No one can force you to sign a  
> contract. ( well, actually anyone can sue anyone about anything, but  
> they won't get a lawyer to take a case with no contract.)
> Rosemarie
> ----- Original Message -----
> From: Patrycja Vasilyev Missiuro
> To: 5-dayforum at howtosellyourhomein5days.com
> Sent: Wednesday, May 13, 2009 3:29 PM
> Subject: [5-DayForum] Can someone sue us if we do not sell b/c the  
> price istoo low
>
> Can a buyer sue b/c we decide not to sell b/c the price is too low?
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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> 5-DayForum at mailman.howtosellyourhomein5days.com
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>
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> -----Inline Attachment Follows-----
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> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> Insert movie times and more without leaving Hotmail?. See how.
>
>
> _______________________________________________ 5-DayForum mailing  
> list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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>
>
> Hotmail? goes with you. Get it on your BlackBerry or iPhone.
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> ein5days.com/mailman/listinfo.cgi/5-dayforum
>
> Hotmail? goes with you. Get it on your BlackBerry or iPhone.
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From skyhighplanning at gmail.com  Mon May 18 11:19:47 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Mon, 18 May 2009 11:19:47 -0400
Subject: [5-DayForum] hi Sean, would really like to know this
In-Reply-To: <360272.27631.qm@web59708.mail.ac4.yahoo.com>
References: <360272.27631.qm@web59708.mail.ac4.yahoo.com>
Message-ID: <B41BA68A-1689-401C-B1D5-9D1D19245E30@gmail.com>

Allow me to clarify.  If you get a broker flat fee service it will be  
the same.  If you go through an online service provider you may find  
yourself limited.  You can find a broker willing to do flat fee  
listing.  Not all will be interested because they want a commission  
instead but they are out there.


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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 18, 2009, at 10:57 AM, M A <macycles at yahoo.com> wrote:

> well, i was just talking to people at Owner.com and they told me i  
> can pay for the MLS with a flat fee, but i will not get a local  
> coverage in brooklyn where  my  building is at! i can get manhattan  
> and long island, and that seems to be all. Somehow i  think the MLS  
> coverage has to do with with which broker you are dealing with. For  
> example i found out that Century21 covers all of New York city, all  
> borrows... so for me looks like owners.com website will not be of  
> service because i would be paying a flat fee MLS moneys and not get  
> into the local brooklyn MLS anyways that i need.  i think we have to  
> be careful when we say they are all the same, they dont' appear to  
> be,at least not after talking to people.
>
> if you know something else, please let me know. i am still not clear  
> about all this.
>
>
> --- On Mon, 5/18/09, SKY HIGH <skyhighplanning at gmail.com> wrote:
>
> From: SKY HIGH <skyhighplanning at gmail.com>
> Subject: Re: [5-DayForum] hi Sean, would really like to know this
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Monday, May 18, 2009, 2:49 PM
>
> The MLS is the same whether you use a realtor or a flat fee  
> service.  If done properly, you can pay a flat fee & get MLS,  
> Realtor.com.....several other sites.
>
> Carlos A. Chica
> Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
> skyhighplanning at gmail.com
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 18, 2009, at 10:19 AM, M A <macycles at yahoo.com> wrote:
>
>> Hi  Sean,
>>
>> yes some interest, 2 offers that fell through, jumpy buyers. price  
>> is not low, but not high ether, somewheres the average for my area.  
>> the building is in nice condition though, so buyers get exited,  
>> then run off. it really is a lousy time to sell, but i need to move.
>>
>> Sean, i am have trouble getting  listed on MLS through a broker in  
>> new york city, they want to get an exclusive out of me before they  
>> list my property on MLS. can i ask who was the broker you listed  
>> through for the 1% commision? i am having no luck on my own finding  
>> one who will help me.
>>
>> also, if i go through Owners.com and pay the $360 to be listed on  
>> realtor.com  and MLS, is that the same MLS that you paid your  
>> broker 1% commision to get into? i am a little confused about MLS  
>> in general, not sure how many different types of MLS are out  
>> there... any enlightnment on the issue would be very helpful.
>>
>> Thank you
>> mary
>>
>>
>>
>> --- On Mon, 5/18/09, Sean Folkson <sean at folkson.com> wrote:
>>
>> From: Sean Folkson <sean at folkson.com>
>> Subject: Re: [5-DayForum] Question
>> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
>> >
>> Date: Monday, May 18, 2009, 12:47 PM
>>
>> how do you have it priced?
>>
>> any interest?  Any offers?
>>
>>
>> At 01:01 AM 5/18/2009, you wrote:
>>> i am selling it already the conventional way.... its  going slow...
>>>
>>>
>>> --- On Sun, 5/17/09, Sean Folkson <sean at folkson.com> wrote:
>>>
>>> From: Sean Folkson <sean at folkson.com>
>>> Subject: [5-DayForum] Question
>>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>>> Date: Sunday, May 17, 2009, 8:37 PM
>>>
>>> Hi mary,
>>>
>>> Owners.com has a program that allows you to get on Realtor.com and
>>> the flat-fee MLS.  You can do either one, or both, I believe.
>>>
>>> When you get on Realtor.com, many other sites will start to pick up
>>> your listing, that is key.  Again, I'd make sure to get on BOTH the
>>> MLS program, and Realtor.com.
>>>
>>> when is your sale?
>>>
>>> _______________________________________________
>>> 5-DayForum mailing list
>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
>>>
>>> _______________________________________________
>>> 5-DayForum mailing list
>>> 5-DayForum at mailman.howtosellyourhomein5days.com
>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>> -----Inline Attachment Follows-----
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> -----Inline Attachment Follows-----
>
> _______________________________________________
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From sean at folkson.com  Mon May 18 11:18:08 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 17:18:08 +0200
Subject: [5-DayForum] Listing your home on the Flat-Fee MLS
Message-ID: <200905181521.n4IFLfsb024558@intel1.peregrinehw.com>

Hi Mary,

owners.com will be able to connect you with a broker in your county 
(in this case, Manhattan?) who is open to the concept of listing you 
on a flat-fee basis.  It sounds like the people that are trying to 
get an "exclusive" are not the people you should be talking to.  just 
to clarify, the Flat Fee is a FLAT FEE, it is NOT 1%.  You'll pay the 
listing agent (technically, the selling agent) a flat fee.  When 
listing your house on the MLS (there is only one, as far as I know), 
you'll have to offer a percentage to the buying agent.  In my 
experience, you can do as little as 1%.  More common would be closer to 3%.

Remember, BOTH agents will get paid.  The listing/selling agent gets 
the flat fee, and the buyers agent will get a percentage.

By listing on Realtor.com and the MLS, it is VERY possible that you 
will get a buyer who is NOT represented by a buyers agent.  In that 
case, you don't pay a percentage to anybody.  The listing agent will 
still get their flat fee, but if there is no buyers agent, there is 
no percentage paid to anybody.

in this way, you are able to list on the MLS, and get the exposure 
that comes with it, but you get to sell it like a FSBO (For Sale By 
Owner) Property.  And, you can do this whether you are doing the 
5-Day Sale Method, a traditional FSBO, or selling your home any other way.

Sean


From sean at folkson.com  Mon May 18 11:23:49 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 17:23:49 +0200
Subject: [5-DayForum] Has anyone out there sold their home using thismethod?
Message-ID: <200905181526.n4IFQeuU028178@intel1.peregrinehw.com>

Hi Patricia,

I agree with you 100% that if you start the pricing too low, in a 
down market, you're going to end up unhappy with the results.

I've posted before that I think the optimal strategy is to price at 
the LOWEST number you'd be OK accepting.

I know Bill disagrees, and I've only done 2 of these (both in down 
markets).  But based on my experience, and what I'm hearing from 
other people, if I were to do another Round Robin sale, and the 
market is anything but hot, I wouldn't advertise too low.

By advertising the way Bill advises, I think most "real buyers" don't 
bother to look at your house.  They either never see the listing in 
the first place (with internet searches allowing people to search 
within a price range), or, if they do see the listing, they assume 
the house is garbage, or a short sale, or a foreclosure, and don't 
want to get involved.  If you do have real buyers looking, they know 
that it's a buyers market, so there's no need to bid too 
aggressively, when they can just wait a week or two and get a better 
deal in a more traditional fashion.

Just my 2 cents.

sean


From vasilyev at MIT.EDU  Mon May 18 11:11:52 2009
From: vasilyev at MIT.EDU (Dmitry Missiuro Vasilyev)
Date: Mon, 18 May 2009 11:11:52 -0400
Subject: [5-DayForum] Has anyone out there sold their home
	using	thismethod?
In-Reply-To: <9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
Message-ID: <026d01c9d7ca$fa6e0650$ef4a12f0$@edu>

Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 

 

We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 

 

- Dmitry.

 

 

 

 

From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

 

Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

 

I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

 

Thanks,

Patricia & Dmitry

 

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

From: SKY HIGH <mailto:skyhighplanning at gmail.com>  

To: How To Sell Your Home <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>  in 5-Days 

Sent: Monday, May 18, 2009 10:47 AM

Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

 

Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

Carlos A. Chica 

Sky High Planning, Inc.

7380 Sand Lake Rd.  #500

Orlando, FL  32819

Office:  (407) 352-3220

Fax:      (407) 738-4816

Cell:      (646) 552-0107

skyhighplanning at gmail.com

 

Coming Soon:

 

www.SKYHIGHPLANNING.com

 

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

 

 -  Walt Disney


On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:

Hi Everyone,

I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.

Joan Vickers

 


  _____  


From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.

Thanks

Rosemarie - occasional seller

 

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

From: Damian Colden <mailto:damian_colden at yahoo.com>  

To: How To Sell Your Home <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>  in 5-Days 

Sent: Saturday, May 16, 2009 7:30 AM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

 

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 

Dac Colden 

 

 


  _____  


From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 

Dac Colden 

Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI

 


  _____  


From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 


  _____  


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

 

Keep us posted on what you decide.  I think we could be on to something!

Good Luck!

Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM

Hello, 

I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 

Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 

Joan Vickers

 


  _____  


From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

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

From: rosemarie-fred <http://us.mc536.mail.yahoo.com/mc/compose?to=rosemarie-fred at mindspring.com>  

To: How <http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>  To Sell Your Home in 5-Days 

Sent: Wednesday, May 13, 2009 10:24 PM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)

Rosemarie

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

From: Patrycja Vasilyev Missiuro <http://us.mc536.mail.yahoo.com/mc/compose?to=patrycja at MIT.EDU>  

To: 5-dayforum at howtosellyourhomein5days.com 

Sent: Wednesday, May 13, 2009 3:29 PM

Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

 

Can a buyer sue b/c we decide not to sell b/c the price is too low?

 

 

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From sean at folkson.com  Mon May 18 11:32:31 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 17:32:31 +0200
Subject: [5-DayForum]  hi Sean, would really like to know this
Message-ID: <200905181603.n4IG3ldG022975@intel1.peregrinehw.com>

Hi Mary,

I don't believe I said they were all the same...if I did, I 
apologize.  It does vary by county, as you need a realtor who is 
licensed within a particular county to provide the flat fee service.

Just to confirm, you contacted OWNERS.com, right (your last post said 
"Owner.com", without the "s").

It's possible that there's no flat-fee service in Brooklyn, or that 
Owners.com simply doesn't have an agent they work with who can do it 
in Brooklyn.  Or, it's possible that Brooklyin is covered within the 
"Long Island MLS".

I just did a google search and found this:

http://www.flatfeelisting.com/newyork.html

it shows Brooklyn under the counties.  I'd be shocked if there is no 
way to get listed on the MLS so that your listing shows when people 
search for properties in Brooklyn.  That's not to say it's 100% 
impossible, but I'd be very surprised.

The question you want to ask is if there's a way to get listed on the 
MLS so that your listing shows when people search for properties in 
Brooklyn.  It may not be called the "Brooklyn MLS", but that's not 
important.  Check back with owners.com, or any of the companies that 
come up when you google "Flat Fee MLS", and see what happens.

sean


From patrycja at MIT.EDU  Mon May 18 12:05:15 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Mon, 18 May 2009 12:05:15 -0400
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That
	ItIs	Over and You Are Not Happy With The Price?
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com><CA12DE44-4665-458A-864B-A0054807025D@gmail.com><9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64><BAY138-W17E513971193F32FBB94ADAC5A0@phx.gbl>
	<ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>
	<BAY138-W17B4FE6EA426BA980B3F61AC5A0@phx.gbl>
Message-ID: <F9BCFB9886CE436483F2C0CA9E165FCE@GEDELL690XP64>

Hi Rosemary,

In our Bidding Method sheet we specified that both the buyer and the seller can back out of the deal for any reason prior to the Purchase and Sale signing. We also said that there is a reserve price that we as sellers have in mind and that the reserve price is not the listing price. So the highest bidder cannot really complain that we are backing out.

I believe that the market in Cambridge, MA is not as significantly affected as other markets and that specifying a higher market price is important as well as getting on MLS. And 5 days is not enough, people feel pressured regardless. People need more time to convince themselves that the property is worth way more than the listing.

I mean, we had over 70 different parties come to see the condo. And there was at least 10 people who called in and said that they are away this weekend but they were very interested. We had 47 bidders!!!! and went through many rounds of bidding. Many dropped out b/c they just could not fathom paying 2 times what the listing price is.

Good luck, make sure you do not apply the method without questioning it, otherwise you will be exhausted and burned out like we are right now.

thanks,
Patricia


  ----- Original Message ----- 
  From: Rosemary LaColla 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Monday, May 18, 2009 11:11 AM
  Subject: Re: [5-DayForum] Will You Sell To The Highest Bidder Now That ItIs Over and You Are Not Happy With The Price?


  Thank You Patricia.  Please let me know how that goes, meaning if you have any problems with the highest bidder as a result or what the general reaction is because I intend to do the same thing if the highest bid is too low.
   

------------------------------------------------------------------------------
  From: patrycja at MIT.EDU
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Date: Mon, 18 May 2009 11:06:56 -0400
  Subject: Re: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is Over and You Are Not Happy With The Price?


  Hi Rosemary,

  No, we will decline and go the other route. We cannot afford to sell to the highest bidder, the price is over 60K below the market value for the property and we would have to come up with over 15K to cover our mortgage.

  Thanks,
  Patricia
    ----- Original Message ----- 
    From: Rosemary LaColla 
    To: 5-dayforum at mailman.howtosellyourhomein5days.com 
    Sent: Monday, May 18, 2009 10:59 AM
    Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is Over and You Are Not Happy With The Price?


    Hello,
     
    To Patricia and the other person who held an auction this weekend, are you going to sell to the highest bidder or decline and go another route?
     
    Rosemary
     

----------------------------------------------------------------------------
    From: patrycja at MIT.EDU
    To: 5-dayforum at mailman.howtosellyourhomein5days.com
    Date: Mon, 18 May 2009 10:54:08 -0400
    Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


    Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

    I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

    Thanks,
    Patricia & Dmitry

      ----- Original Message ----- 
      From: SKY HIGH 
      To: How To Sell Your Home in 5-Days 
      Sent: Monday, May 18, 2009 10:47 AM
      Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


      Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

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


      Coming Soon:


      www.SKYHIGHPLANNING.com


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


       -  Walt Disney

      On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:


        Hi Everyone,
        I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
        Joan Vickers




------------------------------------------------------------------------
        From: rosemarie-fred <rosemarie-fred at mindspring.com>
        To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
        Sent: Monday, May 18, 2009 7:46:07 AM
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


        A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
        Thanks
        Rosemarie - occasional seller

          ----- Original Message ----- 
          From: Damian Colden 
          To: How To Sell Your Home in 5-Days 
          Sent: Saturday, May 16, 2009 7:30 AM
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


          Tom - 

          Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

          Good luck and look forward to hearing about your experience.


          Dac Colden 





----------------------------------------------------------------------
          From: "tgarter at comcast.net" <tgarter at comcast.net>
          To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Friday, May 15, 2009 9:55:04 PM
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


          Dac,
          We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
          Newspaper    0
          Craigslist       36
          Radio Show     1
          Bulletin Board  1

          If you want to come to our sale, it's Sat and Sun 10-5
          6488 Evergreen, Portage, Mi 49024
          Tom Garter   269-321-7702



          ----- Original Message -----
          From: "Damian Colden" <damian_colden at yahoo.com>
          To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


          John - 

          Add me to your list for the details on how you have adjusted the system for your clients. 

          Thanks in advance for the information.


          Dac Colden 
          Realtor
          The KatieDidIt! Team
          Keller Williams Realty
          Grand Blanc, MI




----------------------------------------------------------------------
          From: John Paul Perez <jpperez100 at msn.com>
          To: 5-dayforum at mailman.howtosellyourhomein5days.com
          Sent: Thursday, May 14, 2009 11:45:02 PM
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

          Joan & Holly, 
           
          I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
           
          If you would like more details on how I have used this method, or my variation of it, just let me know... 
           
          Best of luck.
           
          Jp
           

----------------------------------------------------------------------
          Date: Thu, 14 May 2009 11:31:39 -0700
          From: hollymac2 at yahoo.com
          To: 5-dayforum at mailman.howtosellyourhomein5days.com
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

                Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

                Keep us posted on what you decide.  I think we could be on to something!
                Good Luck!
                Holly

                --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


                  From: Joan Vickers <joanvickers13 at yahoo.com>
                  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
                  To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
                  Date: Thursday, May 14, 2009, 4:21 AM


                  Hello, 
                  I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
                  Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
                  Joan Vickers




--------------------------------------------------------------
                  From: bvgore <bvgore at insightbb.com>
                  To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
                  Sent: Wednesday, May 13, 2009 9:22:08 PM
                  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


                  Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
                    ----- Original Message ----- 
                    From: rosemarie-fred 
                    To: How To Sell Your Home in 5-Days 
                    Sent: Wednesday, May 13, 2009 10:24 PM
                    Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


                    Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
                    Rosemarie
                      ----- Original Message ----- 
                      From: Patrycja Vasilyev Missiuro 
                      To: 5-dayforum at howtosellyourhomein5days.com 
                      Sent: Wednesday, May 13, 2009 3:29 PM
                      Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


                      Can a buyer sue b/c we decide not to sell b/c the price is too low?



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From patrycja at MIT.EDU  Mon May 18 12:11:08 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Mon, 18 May 2009 12:11:08 -0400
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It
	IsOver and You Are Not Happy With The Price?
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com><CA12DE44-4665-458A-864B-A0054807025D@gmail.com><9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64><BAY138-W17E513971193F32FBB94ADAC5A0@phx.gbl><ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>
	<AD5DB846-4BDA-4E25-8012-F70332800039@gmail.com>
Message-ID: <BBD86CC2B6E945E7839EC8E7B598A35D@GEDELL690XP64>

Hi Carlos,

We looked at the properties sold in our area within the last 6 months with similar square footage, etc. Most of them do not come with the additional perks such as off-street parking, low condo fee, yard etc (we live in Boston area so these things are really hard to come by). The condo of the size/quality of ours sells for approx 340K and that is without the yard and off-street parking which the appraiser said is another 10-15K above the price. 

The biggest telling thing is that the current highest bidder is a real estate agent who saw the condo at 5pm Sunday night and bid right away. He knows he can turn it around without having to do any work and make $60K.

Thanks,
patricia
  ----- Original Message ----- 
  From: SKY HIGH 
  To: How To Sell Your Home in 5-Days 
  Sent: Monday, May 18, 2009 11:16 AM
  Subject: Re: [5-DayForum] Will You Sell To The Highest Bidder Now That It IsOver and You Are Not Happy With The Price?


  How are you calculating market value?

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


  Coming Soon:


  www.SKYHIGHPLANNING.com


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


   -  Walt Disney

  On May 18, 2009, at 11:06 AM, "Patrycja Vasilyev Missiuro" <patrycja at MIT.EDU> wrote:


    Hi Rosemary,

    No, we will decline and go the other route. We cannot afford to sell to the highest bidder, the price is over 60K below the market value for the property and we would have to come up with over 15K to cover our mortgage.

    Thanks,
    Patricia
      ----- Original Message ----- 
      From: Rosemary LaColla 
      To: 5-dayforum at mailman.howtosellyourhomein5days.com 
      Sent: Monday, May 18, 2009 10:59 AM
      Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It Is Over and You Are Not Happy With The Price?


      Hello,
       
      To Patricia and the other person who held an auction this weekend, are you going to sell to the highest bidder or decline and go another route?
       
      Rosemary
       

--------------------------------------------------------------------------
      From: patrycja at MIT.EDU
      To: 5-dayforum at mailman.howtosellyourhomein5days.com
      Date: Mon, 18 May 2009 10:54:08 -0400
      Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


      Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

      I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

      Thanks,
      Patricia & Dmitry

        ----- Original Message ----- 
        From: SKY HIGH 
        To: How To Sell Your Home in 5-Days 
        Sent: Monday, May 18, 2009 10:47 AM
        Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


        Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

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


        Coming Soon:


        www.SKYHIGHPLANNING.com


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


         -  Walt Disney

        On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:


          Hi Everyone,
          I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
          Joan Vickers




----------------------------------------------------------------------
          From: rosemarie-fred <rosemarie-fred at mindspring.com>
          To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Monday, May 18, 2009 7:46:07 AM
          Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


          A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
          Thanks
          Rosemarie - occasional seller

            ----- Original Message ----- 
            From: Damian Colden 
            To: How To Sell Your Home in 5-Days 
            Sent: Saturday, May 16, 2009 7:30 AM
            Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


            Tom - 

            Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

            Good luck and look forward to hearing about your experience.


            Dac Colden 





--------------------------------------------------------------------
            From: "tgarter at comcast.net" <tgarter at comcast.net>
            To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
            Sent: Friday, May 15, 2009 9:55:04 PM
            Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


            Dac,
            We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
            Newspaper    0
            Craigslist       36
            Radio Show     1
            Bulletin Board  1

            If you want to come to our sale, it's Sat and Sun 10-5
            6488 Evergreen, Portage, Mi 49024
            Tom Garter   269-321-7702



            ----- Original Message -----
            From: "Damian Colden" <damian_colden at yahoo.com>
            To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
            Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
            Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


            John - 

            Add me to your list for the details on how you have adjusted the system for your clients. 

            Thanks in advance for the information.


            Dac Colden 
            Realtor
            The KatieDidIt! Team
            Keller Williams Realty
            Grand Blanc, MI




--------------------------------------------------------------------
            From: John Paul Perez <jpperez100 at msn.com>
            To: 5-dayforum at mailman.howtosellyourhomein5days.com
            Sent: Thursday, May 14, 2009 11:45:02 PM
            Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

            Joan & Holly, 
             
            I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
             
            If you would like more details on how I have used this method, or my variation of it, just let me know... 
             
            Best of luck.
             
            Jp
             

--------------------------------------------------------------------
            Date: Thu, 14 May 2009 11:31:39 -0700
            From: hollymac2 at yahoo.com
            To: 5-dayforum at mailman.howtosellyourhomein5days.com
            Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

                  Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

                  Keep us posted on what you decide.  I think we could be on to something!
                  Good Luck!
                  Holly

                  --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


                    From: Joan Vickers <joanvickers13 at yahoo.com>
                    Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
                    To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
                    Date: Thursday, May 14, 2009, 4:21 AM


                    Hello, 
                    I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
                    Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
                    Joan Vickers




------------------------------------------------------------
                    From: bvgore <bvgore at insightbb.com>
                    To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
                    Sent: Wednesday, May 13, 2009 9:22:08 PM
                    Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


                    Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.
                      ----- Original Message ----- 
                      From: rosemarie-fred 
                      To: How To Sell Your Home in 5-Days 
                      Sent: Wednesday, May 13, 2009 10:24 PM
                      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


                      Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
                      Rosemarie
                        ----- Original Message ----- 
                        From: Patrycja Vasilyev Missiuro 
                        To: 5-dayforum at howtosellyourhomein5days.com 
                        Sent: Wednesday, May 13, 2009 3:29 PM
                        Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


                        Can a buyer sue b/c we decide not to sell b/c the price is too low?



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From rosemary_505 at hotmail.com  Mon May 18 12:13:13 2009
From: rosemary_505 at hotmail.com (Rosemary LaColla)
Date: Mon, 18 May 2009 12:13:13 -0400
Subject: [5-DayForum] Lawyers
In-Reply-To: <B41BA68A-1689-401C-B1D5-9D1D19245E30@gmail.com>
References: <360272.27631.qm@web59708.mail.ac4.yahoo.com>
	<B41BA68A-1689-401C-B1D5-9D1D19245E30@gmail.com>
Message-ID: <BAY138-W25E701C049987FE8A8EE70AC5A0@phx.gbl>


Hello,

 

I am getting ready to call/line up a lawyer for my 5-day auction.  What exactly am I asking of him at this point?  It's a little confusing to me - - does he have a contract ready for us to sign?  What is the initial call about, just to let him know this may happen?  The other thing is I am selling a coop so the contract will be signed at closing which necessitates a waiting period until the buyer can meet with and be approved by the board so if you have an opinion on how that might affect the sale, I'd appreciate any feedback.

 

Thank you.

 

Sincerely,

 

Rosemary
 


From: skyhighplanning at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 11:19:47 -0400
Subject: Re: [5-DayForum] hi Sean, would really like to know this


Allow me to clarify.  If you get a broker flat fee service it will be the same.  If you go through an online service provider you may find yourself limited.  You can find a broker willing to do flat fee listing.  Not all will be interested because they want a commission instead but they are out there.



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


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 18, 2009, at 10:57 AM, M A <macycles at yahoo.com> wrote:








well, i was just talking to people at Owner.com and they told me i can pay for the MLS with a flat fee, but i will not get a local coverage in brooklyn where  my  building is at! i can get manhattan and long island, and that seems to be all. Somehow i  think the MLS coverage has to do with with which broker you are dealing with. For example i found out that Century21 covers all of New York city, all borrows... so for me looks like owners.com website will not be of service because i would be paying a flat fee MLS moneys and not get into the local brooklyn MLS anyways that i need.  i think we have to be careful when we say they are all the same, they dont' appear to be,at least not after talking to people.

if you know something else, please let me know. i am still not clear about all this.


--- On Mon, 5/18/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] hi Sean, would really like to know this
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 18, 2009, 2:49 PM



The MLS is the same whether you use a realtor or a flat fee service.  If done properly, you can pay a flat fee & get MLS, Realtor.com.....several other sites.

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


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 18, 2009, at 10:19 AM, M A <macycles at yahoo.com> wrote:








Hi  Sean,

yes some interest, 2 offers that fell through, jumpy buyers. price is not low, but not high ether, somewheres the average for my area. the building is in nice condition though, so buyers get exited, then run off. it really is a lousy time to sell, but i need to move.

Sean, i am have trouble getting  listed on MLS through a broker in new york city, they want to get an exclusive out of me before they list my property on MLS. can i ask who was the broker you listed through for the 1% commision? i am having no luck on my own finding one who will help me.

also, if i go through Owners.com and pay the $360 to be listed on realtor.com  and MLS, is that the same MLS that you paid your broker 1% commision to get into? i am a little confused about MLS in general, not sure how many different types of MLS are out there... any enlightnment on the issue would be very helpful.

Thank you 
mary



--- On Mon, 5/18/09, Sean Folkson <sean at folkson.com> wrote:


From: Sean Folkson <sean at folkson.com>
Subject: Re: [5-DayForum] Question
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 18, 2009, 12:47 PM


how do you have it priced?

any interest?  Any offers?


At 01:01 AM 5/18/2009, you wrote:

i am selling it already the conventional way.... its  going slow...


--- On Sun, 5/17/09, Sean Folkson <sean at folkson.com> wrote:



From: Sean Folkson <sean at folkson.com>

Subject: [5-DayForum] Question

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Date: Sunday, May 17, 2009, 8:37 PM


Hi mary,


Owners.com has a program that allows you to get on Realtor.com and 

the flat-fee MLS.  You can do either one, or both, I believe.


When you get on Realtor.com, many other sites will start to pick up 

your listing, that is key.  Again, I'd make sure to get on BOTH the 

MLS program, and Realtor.com.


when is your sale?


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From lbicon at aol.com  Mon May 18 12:15:14 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Mon, 18 May 2009 12:15:14 -0400
Subject: [5-DayForum] Question about listing on the MLS
In-Reply-To: <200905170737.n4H7bSXI032142@intel1.peregrinehw.com>
References: <200905170737.n4H7bSXI032142@intel1.peregrinehw.com>
Message-ID: <8CBA5EAF5E985CE-E84-2B7@webmail-dh40.sysops.aol.com>


Hello All.



Sean you are right. The MLS is a great tool that is paid for by Realtors. Realtor.com is great tool that is paid for by Realtors. I have done a lot of "Best Bidder Sales" over the last 5 years.?Any of you that are attempting to sell your homes in this market and limiting the buyer pool by elimating buyers that are working with realtors are crazy. Why limit the commision to 1% and say take it or laeve it when most agents will leave it and NEVER let their clients know about your house. The goal is to sell the house at the highest possible NET price. You all have calculators. Just net the offer out. When banks are having a hard time selling a property that they own guess what is the forst thing they do? Raise the commision to buyers agents. Why? It gets the job done.

All the best,

Conrad Kuiken


-----Original Message-----
From: Sean Folkson <sean at folkson.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Sun, 17 May 2009 12:35 am
Subject: [5-DayForum] Question about listing on the MLS




Terri-I personally think the MLS is a great tool.  Some realtors may 
be put off by the 1% fee I list at, but the sale is fast and simple, 
and they can choose to take it, or leave it if they want.

for the extra exposure, I think the 1% fee is a great investment!

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From patrycja at MIT.EDU  Mon May 18 12:17:31 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Mon, 18 May 2009 12:17:31 -0400
Subject: [5-DayForum] Has anyone out there sold their home using
	thismethod?
References: <200905181526.n4IFQeuU028178@intel1.peregrinehw.com>
Message-ID: <FC6410DF02894853854A25C17E0582EB@GEDELL690XP64>

Hi Sean,

I absolutely agree with you on that. The 47 people who were bidding were all 
hoping to get a great deal or were those who hoped to finally be able to 
afford something in our area (prices here are pretty high). The price they 
could afford (as they told us) was always below market value so finally they 
had their chance to be homeowners (or so they hoped).

The bidding went on for very long b/c everyone was going up $500 or $1K - 
felt like pulling teeth. People were very nice though most of the way and of 
course everyone dropping out asked us that if something does not work out, 
they will be happy to pay the price they dropped out at (duh - most of those 
were still 100K below market).

thanks,
patricia

----- Original Message ----- 
From: "Sean Folkson" <sean at folkson.com>
To: <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 11:23 AM
Subject: [5-DayForum] Has anyone out there sold their home using thismethod?


> Hi Patricia,
>
> I agree with you 100% that if you start the pricing too low, in a
> down market, you're going to end up unhappy with the results.
>
> I've posted before that I think the optimal strategy is to price at
> the LOWEST number you'd be OK accepting.
>
> I know Bill disagrees, and I've only done 2 of these (both in down
> markets).  But based on my experience, and what I'm hearing from
> other people, if I were to do another Round Robin sale, and the
> market is anything but hot, I wouldn't advertise too low.
>
> By advertising the way Bill advises, I think most "real buyers" don't
> bother to look at your house.  They either never see the listing in
> the first place (with internet searches allowing people to search
> within a price range), or, if they do see the listing, they assume
> the house is garbage, or a short sale, or a foreclosure, and don't
> want to get involved.  If you do have real buyers looking, they know
> that it's a buyers market, so there's no need to bid too
> aggressively, when they can just wait a week or two and get a better
> deal in a more traditional fashion.
>
> Just my 2 cents.
>
> sean
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


From bill at effros.com  Mon May 18 12:28:41 2009
From: bill at effros.com (Bill Effros)
Date: Mon, 18 May 2009 12:28:41 -0400
Subject: [5-DayForum] Quick Observations
Message-ID: <4A118CB9.5020405@effros.com>

No time for this, but here goes.

Find the detail in the archives.

1.  Change the subject line when you change the subject so that others 
will be able to find your comments in the archives in the future.

2.  I know of literally tens of thousands of people who have used the 
5-Day Method successfully over the past 20 years in homes ranging from 
$20,000 to in excess of $5,000,000.

3.  Your home is currently worth what you can get for it after running a 
5-Day Sale properly.

4.  "Properly" means starting at 50% of what you think it is worth, 
dropped down to a "magic number" and then actually taking the high bid 
no matter what it is.

5.  While some people who fudge 5-Day Sales succeed, most fail.

6.  When times were "good" and home values were inflated by bank 
appraisals, people who refused to sell their home to the high bidders 
complained that they couldn't get a 5-Day offer for what the bank said 
their home was worth.  They never again got as high an offer if they had 
run their 5-Day Sale properly in the first place.

7.  Please identify yourself in a meaningful way under your name so new 
sellers will understand they are looking at advice from someone who has 
never tried the method, or from someone who modified the method and then 
failed, or from someone who is a professional.

8.  I can't answer questions on a regular basis, and I haven't rigged 
this web site so all you see are my answers.  If you want to see my 
answers, go to the archives and see what I have to say.  I try to change 
subject lines so you can find back my comments.  Sort the archives by 
author, then look at subject lines.  This will also help you evaluate 
the responses you get from others.

Bill Effros
Author

PS -- In my OPINION, we are headed for incredible inflation and home 
values will again exceed mortgage amounts -- if you can afford to hang 
on for that long.  There is no telling when this will start to gallop, 
but it will.  If you sell low and buy low it doesn't matter--as long as 
you can afford to buy after selling.

Many, many homes will be abandoned and torn down.  "Ghost Towns" will 
develop.  These homes have no current value, and no matter how much 
lipstick you put on these pigs, they are still pigs.  Anyone who pays 
money for them now will get stuck -- whether that money comes in the 
form of "bailouts" "foreclosures" "speculators" or "flippers".

Don't throw good money after bad. 

Here is a link from the Wall Street Journal confirming that the "tear 
down" trend has begun.  If you look at the archives you will find this 
is not the first time I have predicted this.

http://online.wsj.com/article/SB124148169574985359.html





From sean at folkson.com  Mon May 18 12:35:26 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 18:35:26 +0200
Subject: [5-DayForum]  Question about listing on the MLS
Message-ID: <200905181636.n4IGafUa017681@intel1.peregrinehw.com>

thanks Conrad,

the reason I did it at 1% was because the listing was simply to 
support my 5-Day sale.

You're right though, that buyer pool is too big to ignore, and when I 
initially raised my price from $425K to $450K 2 weeks ago, I would 
have also raised the commission from 1% to 3% if not for the fact 
that I was still waiting to see if the initial high-bidder (who was 
brought in by a realtor) would come through.  Raising the commission 
during that time would have forced me to pay the realtor the extra 2%.

By the time that buyer officially backed out, I had another buyer so 
fast, it didn't make sense to adjust the commission.

sean


From tgarter at comcast.net  Mon May 18 12:48:47 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 16:48:47 +0000 (UTC)
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
In-Reply-To: <1711578598.3045131242664601004.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <517152901.3051321242665327767.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>


We followed the book with only minor exceptions. I had excellent paperwork to hand out. I advertised on craigslist in Oct and Jan to obtain names, 50, which I emailed on Wed and asked if they wanted the address. Many did, and one was in the final 3. I was glad I followed Bills advice about photos. Our house is nice, but the outside streetview is not outstanding. I used a picture on the new kitchen for craigslist which made a better ad and refused all requests for more pics. I told anyone they were welcome to take pics during the open house. The only other thing I did not do by the book was I didn't pay for an inspection. Our house is 27 years old, but it is in Excellent Condition and everyone who inspected could see that. A few people asked about inspections and we told them they were welcome to get one, but the final price wouldn't change. The local newspaper was a bust. We had the most prominant ad for 5 days that cost $285. No responses until Sat. Only 1 or 2 on Sat, another 5 or so on Sun. Craigslist gave us over 25 responses on Wednesday. So the sale was a go as of Wed night. We had only 6 couples on Sat, another 12 -14 on Sun. Some couples had kids or friends with them. 10 left a bid. Our house cost $184,000 in 2003, we added new kitchen, siding, finished basement, full bath, remodeled bath for $35,000. So we had $219,000 in the house. Advertised for $74,500, O.B.O.. High initial bid was 82,500 by a speculator who said he was going to flip it. He dropped out after the2nd round. After 5 rounds we were down to the 3 serious buyers. They went 6 more rounds, the final 2 went 3 more rounds and the final bid was $145,000. We told him it was below what we expected and wanted to sleep on it. He was very upset that we told him we were going to sleep on it This morning we accepted the offer. We are glad it's over. A realtor we met with a couple weeks ago told us they turned down an offer of $153,000 for a similar house nearby that wasn't nearly as nice as ours. He thought we could end up selling out house for $160,000 to $165,000 We would have needed to get $154,250 and go through the long process with a realtor and pay his $9,250 commission to equal the $145,000 we got. He said our local area geographic market has an 8 month inventory of homes listed for sale. If we had to wait 8 months to sell our house, that would have cost us at least another $30,000, we already own another house where we are moving. Now I'm waiting to fill out the purchase agreement. 
Bill's System Works ! 
Tom Garter 
Successful 5 Day Seller 
----- Original Message ----- 
From: "Sean Folkson" <sean at folkson.com> 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 11:23:49 AM GMT -05:00 US/Canada Eastern 
Subject: [5-DayForum] Has anyone out there sold their home using thismethod? 

Hi Patricia, 

I agree with you 100% that if you start the pricing too low, in a 
down market, you're going to end up unhappy with the results. 

I've posted before that I think the optimal strategy is to price at 
the LOWEST number you'd be OK accepting. 

I know Bill disagrees, and I've only done 2 of these (both in down 
markets). But based on my experience, and what I'm hearing from 
other people, if I were to do another Round Robin sale, and the 
market is anything but hot, I wouldn't advertise too low. 

By advertising the way Bill advises, I think most "real buyers" don't 
bother to look at your house. They either never see the listing in 
the first place (with internet searches allowing people to search 
within a price range), or, if they do see the listing, they assume 
the house is garbage, or a short sale, or a foreclosure, and don't 
want to get involved. If you do have real buyers looking, they know 
that it's a buyers market, so there's no need to bid too 
aggressively, when they can just wait a week or two and get a better 
deal in a more traditional fashion. 

Just my 2 cents. 

sean 

_______________________________________________ 
5-DayForum mailing list 
5-DayForum at mailman.howtosellyourhomein5days.com 
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
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From lbicon at aol.com  Mon May 18 12:58:26 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Mon, 18 May 2009 12:58:26 -0400
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
In-Reply-To: <517152901.3051321242665327767.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <8CBA5F0FF450B22-9D4-FAE@WEBMAIL-DF21.sysops.aol.com>


Tom,



How do you know your buyer is qualified? Remember that the completed offer is the starting line. 



Good Luck,



Conrad Kuiken


-----Original Message-----
From: tgarter at comcast.net
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Mon, 18 May 2009 9:48 am
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!





We followed the book with only minor exceptions.? I had excellent paperwork to hand out.? I advertised on craigslist in Oct and Jan to obtain names, 50,? which I emailed on Wed and asked if they wanted the address.? Many did, and one was in the final 3.? I was glad I followed Bills advice about photos.? Our house is nice, but the outside streetview is not outstanding.? I used a picture on the new kitchen for craigslist which made a better ad and refused all requests for more pics.? I told anyone they were welcome to take pics during the open house.? The only other thing I did not do by the book was I didn't pay for an inspection.? Our house is 27 years old, but it is in Excellent Condition and everyone who inspected could see that.? A few people asked about inspections and we told them they were welcome to get one, but the final price wouldn't change.? The local newspaper was a bust. We had the most prominant ad for 5 days that cost $285. No responses until Sat. Only 1 or 2 on Sat, another 5 or so on Sun.? Craigslist gave us over 25 responses on Wednesday.? So the sale was a go as of Wed night.? We had only 6 couples on Sat, another 12 -14 on Sun.? Some couples had kids or friends with them.? 10 left a bid.? Our house cost $184,000 in 2003, we added new kitchen, siding, finished basement, full bath, remodeled bath for $35,000. So we had $219,000 in the house. Advertised for $74,500, O.B.O..? High initial bid was 82,500 by a speculator who said he was going to flip it. He dropped out after the2nd round. After 5 rounds we were down to the 3 serious buyers.? They went 6 more rounds, the final 2 went 3 more rounds and the final bid was $145,000.? We told him it was below what we expected and wanted to sleep on it. He was very upset that we told him we were going to sleep on it? This morning we accepted the offer.? We are glad it's over. A realtor we met with a couple weeks ago told us they turned down an offer of $153,000 for a similar house nearby that wasn't nearly as nice as ours. He thought we could end up selli



ng out house for $160,000 to $165,000 We would have needed to get $154,250 and go through the long process with a realtor and pay his $9,250 commission to equal the $145,000 we got.? He said our local area geographic market has an 8 month inventory of homes listed for sale.? If we had to wait 8 months to sell our house, that would have cost us at least another $30,000, we already own another? house where we are moving.?? Now I'm waiting to fill out the purchase agreement.
Bill's System Works !
Tom Garter 
Successful 5 Day Seller
----- Original Message -----
From: "Sean Folkson" <sean at folkson.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Monday, May 18, 2009 11:23:49 AM GMT -05:00 US/Canada Eastern
Subject: [5-DayForum] Has anyone out there sold their home using thismethod?

Hi Patricia,

I agree with you 100% that if you start the pricing too low, in a 
down market, you're going to end up unhappy with the results.

I've posted before that I think the optimal strategy is to price at 
the LOWEST number you'd be OK accepting.

I know Bill disagrees, and I've only done 2 of these (both in down 
markets). ?But based on my experience, and what I'm hearing from 
other people, if I were to do another Round Robin sale, and the 
market is anything but hot, I wouldn't advertise too low.

By advertising the way Bill advises, I think most "real buyers" don't 
bother to look at your house. ?They either never see the listing in 
the first place (with internet searches allowing people to search 
within a price range), or, if they do see the listing, they assume 
the house is garbage, or a short sale, or a foreclosure, and don't 
want to get involved. ?If you do have real buyers looking, they know 
that it's a buyers market, so there's no need to bid too 
aggressively, when they can just wait a week or two and get a better 
deal in a more traditional fashion.

Just my 2 cents.

sean

_______________________________________________
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 macycles at yahoo.com  Mon May 18 13:00:43 2009
From: macycles at yahoo.com (M A)
Date: Mon, 18 May 2009 10:00:43 -0700 (PDT)
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
Message-ID: <966042.45540.qm@web59704.mail.ac4.yahoo.com>

jeez, in your case it seems it worked if you are willing to practically give away the house... gosh not very encouraging... but i can see you point, sometimes you just need to get out and in some cases its worth the money to get out no matter how low... anyways, i am glad you are happy about the whole thing. 

--- On Mon, 5/18/09, tgarter at comcast.net <tgarter at comcast.net> wrote:

From: tgarter at comcast.net <tgarter at comcast.net>
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 18, 2009, 4:48 PM

#yiv1651491260 p {margin:0;}#yiv1651491260 p {margin:0;}We followed the book with only minor exceptions.? I had excellent paperwork to hand out.? I advertised on craigslist in Oct and Jan to obtain names, 50,? which I emailed on Wed and asked if they wanted the address.? Many did, and one was in the final 3.? I was glad I followed Bills advice about photos.? Our house is nice, but the outside streetview is not outstanding.? I used a picture on the new kitchen for craigslist which made a better ad and refused all requests for more pics.? I told anyone they were welcome to take pics during the open house.? The only other thing I did not do by the book was I didn't pay for an inspection.? Our house is 27 years old, but it is in Excellent Condition and everyone who inspected could see that.? A few people asked about inspections and we told them they were welcome to get one, but the final price wouldn't change.? The local newspaper was a bust.. We
 had the most prominant ad for 5 days that cost $285. No responses until Sat. Only 1 or 2 on Sat, another 5 or so on Sun.? Craigslist gave us over 25 responses on Wednesday.? So the sale was a go as of Wed night.? We had only 6 couples on Sat, another 12 -14 on Sun.? Some couples had kids or friends with them.? 10 left a bid.? Our house cost $184,000 in 2003, we added new kitchen, siding, finished basement, full bath, remodeled bath for $35,000. So we had $219,000 in the house. Advertised for $74,500, O.B.O...? High initial bid was 82,500 by a speculator who said he was going to flip it. He dropped out after the2nd round. After 5 rounds we were down to the 3 serious buyers.? They went 6 more rounds, the final 2 went 3 more rounds and the final bid was $145,000.? We told him it was below what we expected and wanted to sleep on it. He was very upset that we told him we were going to sleep on it? This morning we accepted the offer.? We are glad
 it's over. A realtor we met with a couple weeks ago told us they turned down an offer of $153,000 for a similar house nearby that wasn't nearly as nice as ours. He thought we could end up selling out house for $160,000 to $165,000 We would have needed to get $154,250 and go through the long process with a realtor and pay his $9,250 commission to equal the $145,000 we got.? He said our local area geographic market has an 8 month inventory of homes listed for sale.? If we had to wait 8 months to sell our house, that would have cost us at least another $30,000, we already own another? house where we are moving.?? Now I'm waiting to fill out the purchase agreement.
Bill's System Works !
Tom Garter 
Successful 5 Day Seller
----- Original Message -----
From: "Sean Folkson" <sean at folkson.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Monday, May 18, 2009 11:23:49 AM GMT -05:00 US/Canada Eastern
Subject: [5-DayForum] Has anyone out there sold their home using thismethod?

Hi Patricia,

I agree with you 100% that if you start the pricing too low, in a 
down market, you're going to end up unhappy with the results.

I've posted before that I think the optimal strategy is to price at 
the LOWEST number you'd be OK accepting.

I know Bill disagrees, and I've only done 2 of these (both in down 
markets). ?But based on my experience, and what I'm hearing from 
other people, if I were to do another Round Robin sale, and the 
market is anything but hot, I wouldn't advertise too low.

By advertising the way Bill advises, I think most "real buyers" don't 
bother to look at your house. ?They either never see the listing in 
the first place (with internet searches allowing people to search 
within a price range), or, if they do see the listing, they assume 
the house is garbage, or a short sale, or a foreclosure, and don't 
want to get involved. ?If you do have real buyers looking, they know 
that it's a buyers market, so there's no need to bid too 
aggressively, when they can just wait a week or two and get a better 
deal in a more traditional fashion.

Just my 2 cents.

sean

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

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

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



      
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From tgarter at comcast.net  Mon May 18 13:07:16 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 17:07:16 +0000 (UTC)
Subject: [5-DayForum] Has anyone out there sold their home
	using	thismethod?
In-Reply-To: <026d01c9d7ca$fa6e0650$ef4a12f0$@edu>
Message-ID: <257760269.3061461242666436822.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Dmitry, 
I disagree with you. We advertised $74,500 and had 3 serious buyers who raised the price $500 - $3,000 per bid up to the final price of $145,000. This is something called buyer's psychology. The buyer, after looking at the house, knows it's a $200,000 house that is selling for $165,000 in this bad market and realizes the $74,500 was just to get him in the door. The winner is happy at $145,000 we saved $10,000 in commissions and another $30,000 if we had to hold the property until a realtor sold it. 
Tom Garter 
Sold My House in 5 Days - Yesterday 
----- Original Message ----- 
From: "Dmitry Missiuro Vasilyev" <vasilyev at MIT.EDU> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Monday, May 18, 2009 11:11:52 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 




Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 



We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 



- Dmitry. 











From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro 
Sent: Monday, May 18, 2009 10:54 AM 
To: How To Sell Your Home in 5-Days 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 




Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm. 





I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder). 





Thanks, 


Patricia & Dmitry 







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


From: SKY HIGH 


To: How To Sell Your Home in 5-Days 


Sent: Monday, May 18, 2009 10:47 AM 


Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 





Yes. The thing is that most succesful sellers don't bother mentioning their story. This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively. 

Carlos A. Chica 


Sky High Planning, Inc. 


7380 Sand Lake Rd. #500 


Orlando, FL 32819 


Office: (407) 352-3220 


Fax: (407) 738-4816 


Cell: (646) 552-0107 


skyhighplanning at gmail.com 





Coming Soon: 





www.SKYHIGHPLANNING.com 





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





- Walt Disney 



On May 18, 2009, at 10:31 AM, Joan Vickers < joanvickers13 at yahoo.com > wrote: 






Hi Everyone, 


I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients. 


Joan Vickers 







From: rosemarie-fred < rosemarie-fred at mindspring.com > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Monday, May 18, 2009 7:46:07 AM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low 


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up. 


Thanks 


Rosemarie - occasional seller 







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


From: Damian Colden 


To: How To Sell Your Home in 5-Days 


Sent: Saturday, May 16, 2009 7:30 AM 


Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low 





Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through. 

Good luck and look forward to hearing about your experience. 




Dac Colden 










From: " tgarter at comcast.net " < tgarter at comcast.net > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Friday, May 15, 2009 9:55:04 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


Dac, 
We are holding a 5 day tomorrow. We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call. We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri. We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works. 
Newspaper 0 
Craigslist 36 
Radio Show 1 
Bulletin Board 1 

If you want to come to our sale, it's Sat and Sun 10-5 
6488 Evergreen, Portage, Mi 49024 
Tom Garter 269-321-7702 



----- Original Message ----- 
From: "Damian Colden" < damian_colden at yahoo.com > 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information. 




Dac Colden 


Realtor 
The KatieDidIt! Team 
Keller Williams Realty 
Grand Blanc, MI 







From: John Paul Perez < jpperez100 at msn.com > 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Thursday, May 14, 2009 11:45:02 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

Joan & Holly, 

I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 

If you would like more details on how I have used this method, or my variation of it, just let me know... 

Best of luck. 

Jp 




Date: Thu, 14 May 2009 11:31:39 -0700 
From: hollymac2 at yahoo.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 	


Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors. I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale. I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner." 





Keep us posted on what you decide. I think we could be on to something! 


Good Luck! 


Holly 

--- On Thu, 5/14/09, Joan Vickers < joanvickers13 at yahoo.com > wrote: 




From: Joan Vickers < joanvickers13 at yahoo.com > 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Date: Thursday, May 14, 2009, 4:21 AM 




Hello, 


I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 


Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 


Joan Vickers 







From: bvgore < bvgore at insightbb.com > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Wednesday, May 13, 2009 9:22:08 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules. 




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


From: rosemarie-fred 


To: How To Sell Your Home in 5-Days 


Sent: Wednesday, May 13, 2009 10:24 PM 


Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 





Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.) 


Rosemarie 




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


From: Patrycja Vasilyev Missiuro 


To: 5-dayforum at howtosellyourhomein5days.com 


Sent: Wednesday, May 13, 2009 3:29 PM 


Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low 





Can a buyer sue b/c we decide not to sell b/c the price is too low? 










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Insert movie times and more without leaving Hotmail?. See how. 



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From macycles at yahoo.com  Mon May 18 13:09:33 2009
From: macycles at yahoo.com (M A)
Date: Mon, 18 May 2009 10:09:33 -0700 (PDT)
Subject: [5-DayForum] cheaper listing for realtor.com
Message-ID: <103333.235.qm@web59714.mail.ac4.yahoo.com>

Hi Sean,

yes owners.com sorry for misspell.? as well i just found this website:
www.housepad.com? through them they are offering to list on realtor.com for $149.00 for 6 months. seems like a much better deal then owners.com offering at $295.00.? now i am wondering if its a legitimate cite. anyone used it before by chance?

--- On Mon, 5/18/09, Sean Folkson <sean at folkson.com> wrote:

From: Sean Folkson <sean at folkson.com>
Subject: [5-DayForum]  hi Sean, would really like to know this
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Monday, May 18, 2009, 3:32 PM

Hi Mary,

I don't believe I said they were all the same...if I did, I 
apologize.? It does vary by county, as you need a realtor who is 
licensed within a particular county to provide the flat fee service.

Just to confirm, you contacted OWNERS.com, right (your last post said 
"Owner.com", without the "s").

It's possible that there's no flat-fee service in Brooklyn, or that 
Owners.com simply doesn't have an agent they work with who can do it 
in Brooklyn.? Or, it's possible that Brooklyin is covered within the 
"Long Island MLS".

I just did a google search and found this:

http://www.flatfeelisting.com/newyork.html

it shows Brooklyn under the counties.? I'd be shocked if there is no 
way to get listed on the MLS so that your listing shows when people 
search for properties in Brooklyn.? That's not to say it's 100% 
impossible, but I'd be very surprised.

The question you want to ask is if there's a way to get listed on the 
MLS so that your listing shows when people search for properties in 
Brooklyn.? It may not be called the "Brooklyn MLS", but that's not 
important.? Check back with owners.com, or any of the companies that 
come up when you google "Flat Fee MLS", and see what happens.

sean

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From tgarter at comcast.net  Mon May 18 13:12:15 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 17:12:15 +0000 (UTC)
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
In-Reply-To: <8CBA5F0FF450B22-9D4-FAE@WEBMAIL-DF21.sysops.aol.com>
Message-ID: <454057425.3064081242666735852.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Conrad, 
If you read the book you know Bill's system has nothing to do with qualified buyers. 
----- Original Message ----- 
From: lbicon at aol.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 12:58:26 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!! 


Tom, 

How do you know your buyer is qualified? Remember that the completed offer is the starting line. 

Good Luck, 

Conrad Kuiken 


-----Original Message----- 
From: tgarter at comcast.net 
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Mon, 18 May 2009 9:48 am 
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!! 




We followed the book with only minor exceptions. I had excellent paperwork to hand out. I advertised on craigslist in Oct and Jan to obtain names, 50, which I emailed on Wed and asked if they wanted the address. Many did, and one was in the final 3. I was glad I followed Bills advice about photos. Our house is nice, but the outside streetview is not outstanding. I used a picture on the new kitchen for craigslist which made a better ad and refused all requests for more pics. I told anyone they were welcome to take pics during the open house. The only other thing I did not do by the book was I didn't pay for an inspection. Our house is 27 years old, but it is in Excellent Condition and everyone who inspected could see that. A few people asked about inspections and we told them they were welcome to get one, but the final price wouldn't change.&nb! sp; The local newspaper was a bust. We had the most prominant ad for 5 days that cost $285. No responses until Sat. Only 1 or 2 on Sat, another 5 or so on Sun. Craigslist gave us over 25 responses on Wednesday. So the sale was a go as of Wed night. We had only 6 couples on Sat, another 12 -14 on Sun. Some couples had kids or friends with them. 10 left a bid. Our house cost $184,000 in 2003, we added new kitchen, siding, finished basement, full bath, remodeled bath for $35,000. So we had $219,000 in the house. Advertised for $74,500, O.B.O.. High initial bid was 82,500 by a speculator who said he was going to flip it. He dropped out after the2nd round. After 5 rounds we were down to the 3 serious buyers. They went 6 more rounds, the final 2 went 3 more rounds and the final bid was $145,000. We told him it was below what we expected and wanted to sleep on it. He was very upset that we told him we were going to sleep on it&! nbsp; This morning we accepted the offer. We are glad it's over. A realtor we met with a couple weeks ago told us they turned down an offer of $153,000 for a similar house nearby that wasn't nearly as nice as ours. He thought we could end up selling out house for $160,000 to $165,000 We would have needed to get $154,250 and go through the long process with a realtor and pay his $9,250 commission to equal the $145,000 we got. He said our local area geographic market has an 8 month inventory of homes listed for sale. If we had to wait 8 months to sell our house, that would have cost us at least another $30,000, we already own another house where we are moving. Now I'm waiting to fill out the purchase agreement. 
Bill's System Works ! 
Tom Garter 
Successful 5 Day Seller 
----- Original Message ----- 
From: "Sean Folkson" < sean at folkson.com > 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 11:23:49 AM GMT -05:00 US/Canada Eastern 
Subject: [5-DayForum] Has anyone out there sold their home using thismethod? 

Hi Patricia, 

I agree with you 100% that if you start the pricing too low, in a 
down market, you're going to end up unhappy with the results. 

I've posted before that I think the optimal strategy is to price at 
the LOWEST number you'd be OK accepting. 

I know Bill disagrees, and I've only done 2 of these (both in down 
markets). But based on my experience, and what I'm hearing from 
other people, if I were to do another Round Robin sale, and the 
market is anything but hot, I wouldn't advertise too low. 

By advertising the way Bill advises, I think most "real buyers" don't 
bother to look at your house. They either never see the listing in 
the first place (with internet searches allowing people to search 
within a price range), or, if they do see the listing, they assume 
the house is garbage, or a short sale, or a foreclosure, and don't 
want to get involved. If you do have real buyers looking, they know 
that it's a buyers market, so there's no need to bid too 
aggressively, when they can just wait a week or two and get a better 
deal in a more traditional fashion. 

Just my 2 cents. 

sean 

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From nkhouri at cfl.rr.com  Mon May 18 13:16:10 2009
From: nkhouri at cfl.rr.com (Naji)
Date: Mon, 18 May 2009 13:16:10 -0400
Subject: [5-DayForum] cheaper listing for realtor.com
In-Reply-To: <103333.235.qm@web59714.mail.ac4.yahoo.com>
References: <103333.235.qm@web59714.mail.ac4.yahoo.com>
Message-ID: <5C0C5A866E584561B5CCEA70DFF9B32A@NSKHome>

Yes, it's a legit site. I've used them several times.

 

-Naji

 

 <http://www.zillow.com/?scrnnm=RachelRGrant>
http://www.zillow.com/?scrnnm=RachelRGrant

  _____  

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 M A
Sent: Monday, May 18, 2009 1:10 PM
To: How To Sell Your Home in 5-Days
Subject: [5-DayForum] cheaper listing for realtor.com

 


Hi Sean,

yes owners.com sorry for misspell.  as well i just found this website:
www.housepad.com  through them they are offering to list on realtor.com for
$149.00 for 6 months. seems like a much better deal then owners.com offering
at $295.00.  now i am wondering if its a legitimate cite. anyone used it
before by chance?

--- On Mon, 5/18/09, Sean Folkson <sean at folkson.com> wrote:


From: Sean Folkson <sean at folkson.com>
Subject: [5-DayForum] hi Sean, would really like to know this
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Monday, May 18, 2009, 3:32 PM

Hi Mary,

I don't believe I said they were all the same...if I did, I 
apologize.  It does vary by county, as you need a realtor who is 
licensed within a particular county to provide the flat fee service.

Just to confirm, you contacted OWNERS.com, right (your last post said 
"Owner.com", without the "s").

It's possible that there's no flat-fee service in Brooklyn, or that 
Owners.com simply doesn't have an agent they work with who can do it 
in Brooklyn.  Or, it's possible that Brooklyin is covered within the 
"Long Island MLS".

I just did a google search and found this:

http://www.flatfeelisting.com/newyork.html

it shows Brooklyn under the counties.  I'd be shocked if there is no 
way to get listed on the MLS so that your listing shows when people 
search for properties in Brooklyn.  That's not to say it's 100% 
impossible, but I'd be very surprised.

The question you want to ask is if there's a way to get listed on the 
MLS so that your listing shows when people search for properties in 
Brooklyn.  It may not be called the "Brooklyn MLS", but that's not 
important.  Check back with owners.com, or any of the companies that 
come up when you google "Flat Fee MLS", and see what happens.

sean

_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
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From tgarter at comcast.net  Mon May 18 13:25:48 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 17:25:48 +0000 (UTC)
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the
 priceistoo low
In-Reply-To: <668543.4940.qm@web53109.mail.re2.yahoo.com>
Message-ID: <1039739835.3071331242667548238.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

I sold it. I posted details to the forum 
----- Original Message ----- 
From: "Damian Colden" <damian_colden at yahoo.com> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Saturday, May 16, 2009 7:30:53 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

Tom - Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through. Good luck and look forward to hearing about your experience. Dac Colden ________________________________ From: "tgarter at comcast.net" To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Friday, May 15, 2009 9:55:04 PM Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low Dac, We are holding a 5 day tomorrow. We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call. We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri. We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works. Newspaper 0 Craigslist 36 Radio Show 1 Bulletin Board 1 If you want to come to our sale, it's Sat and Sun 10-5 6488 Evergreen, Portage, Mi 49024 Tom Garter 269-321-7702 ----- Original Message ----- From: "Damian Colden" To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low John - Add me to your list for the details on how you have adjusted the system for your clients. Thanks in advance for the information. Dac Colden Realtor The KatieDidIt! Team Keller Williams Realty Grand Blanc, MI ________________________________ From: John Paul Perez To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thursday, May 14, 2009 11:45:02 PM Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low Joan & Holly, I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. If you would like more details on how I have used this method, or my variation of it, just let me know... Best of luck. Jp ________________________________ Date: Thu, 14 May 2009 11:31:39 -0700 From: hollymac2 at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors. I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale. I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner." Keep us posted on what you decide. I think we could be on to something! Good Luck! Holly --- On Thu, 5/14/09, Joan Vickers wrote: From: Joan Vickers Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Thursday, May 14, 2009, 4:21 AM Hello, I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? Thanks so much, I hope you can answer, I really want to try this on listings and my own home. Joan Vickers ________________________________ From: bvgore To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Wednesday, May 13, 2009 9:22:08 PM Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules. ----- Original Message ----- From: rosemarie-fred To: How To Sell Your Home in 5-Days Sent: Wednesday, May 13, 2009 10:24 PM Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.) Rosemarie ----- Original Message ----- From: Patrycja Vasilyev Missiuro To: 5-dayforum at howtosellyourhomein5days.com Sent: Wednesday, May 13, 2009 3:29 PM Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low Can a buyer sue b/c we decide not to sell b/c the price is too low? ________________________________ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ________________________________ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ________________________________ Insert movie times and more without leaving Hotmail?. See how. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 
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From ggreier at hughes.net  Mon May 18 14:20:28 2009
From: ggreier at hughes.net (Gary Greier)
Date: Mon, 18 May 2009 14:20:28 -0400
Subject: [5-DayForum] Getting Nervous
Message-ID: <000001c9d7e5$5a81d2f0$0f8578d0$@net>

We have our home set up for the 5 day sale this May 30 & 31. All the ads and
flyers are made up and we are ready to take calls on the Wednesday. Our home
is unique as it was designed and built by me but it is the most favourable
house on the most favourable lot in our sub division. I cannot recall all
the positive comments we had on our place from officials like appraisers and
inspectors. 

  We are getting really worried about all the failures that appear on this
forum. We know what our home is worth but who wants to go through all this
work just to find out that we may have advertised the price too low. Yes
there will be the low ballers but they can be handled. Would anyone know the
success rate of the 5 day sale?

There are other ways to market your home privately too now like
propertyguys.com which we know has a huge success rate but it won't be done
in 5 days. If this sale is successful using the 5 day sale method, rest
assured it will be put on this forum for all of you to know. It would be
nice to read something positive in this forum for a change.

 

Gary

Manilla, Ont.

 

 

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From sean at folkson.com  Mon May 18 14:17:48 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 20:17:48 +0200
Subject: [5-DayForum]  cheaper listing for realtor.com
Message-ID: <200905181821.n4IILh80029205@intel1.peregrinehw.com>

actually, HousePad is the realtor that Owners.com initially referred 
me to.  They were very helpful (up to a point), but I didn't end up 
listing with them because they didn't include the Realtor.com 
Showcase listing that I wanted.

Be careful though, just because you're on Realtor.com, that doens't 
get you on the MLS.  From what I understand, they are 2 separate 
purchases.  Maybe that explains some or most of the price discrepency?


From vasilyev at MIT.EDU  Mon May 18 14:27:36 2009
From: vasilyev at MIT.EDU (Dmitry Missiuro Vasilyev)
Date: Mon, 18 May 2009 14:27:36 -0400
Subject: [5-DayForum] Has anyone out there sold their
	home	using	thismethod?
In-Reply-To: <257760269.3061461242666436822.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <026d01c9d7ca$fa6e0650$ef4a12f0$@edu>
	<257760269.3061461242666436822.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <02e701c9d7e6$52bb3420$f8319c60$@edu>

Tom,

 

To re-iterate what you?ve just said, the true value of the house is $200,000, the market value is $160,000.

 

You?ve sold at $145,000, 15K (10%) below the market value. 

 

Why do you think this is better than advertising on flat-fee MLS by owner, without auction, and getting the price closer to the market value? You?d save on the realtor fees anyway. 

Also, I do not understand where the figure $30K comes from. Is the rate of the your losses around 10K/month? 

 

- Dmitry.

 

 

 

 

 

From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of tgarter at comcast.net
Sent: Monday, May 18, 2009 1:07 PM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

 

Dmitry,
I disagree with you. We advertised $74,500 and had 3 serious buyers who raised the price $500 - $3,000 per bid up to the final price of $145,000.  This is something called buyer's psychology.  The buyer, after looking at the house, knows it's a $200,000 house that is selling for $165,000 in this bad market and realizes the $74,500 was just to get him in the door.  The winner is happy at $145,000 we saved $10,000 in commissions and another $30,000 if we had to hold the property until a realtor sold it. 
Tom Garter
Sold My House in 5 Days - Yesterday
----- Original Message -----
From: "Dmitry Missiuro Vasilyev" <vasilyev at MIT.EDU>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 11:11:52 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Has anyone out there sold their home using        thismethod?




Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 

 

We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 

 

- Dmitry.

 

 

 

 

From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

 

Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

 

I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

 

Thanks,

Patricia & Dmitry

 

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

From: SKY HIGH <mailto:skyhighplanning at gmail.com>  

To: How To <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>  Sell Your Home in 5-Days 

Sent: Monday, May 18, 2009 10:47 AM

Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

 

Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

Carlos A. Chica 

Sky High Planning, Inc.

7380 Sand Lake Rd.  #500

Orlando, FL  32819

Office:  (407) 352-3220

Fax:      (407) 738-4816

Cell:      (646) 552-0107

skyhighplanning at gmail.com

 

Coming Soon:

 

www.SKYHIGHPLANNING.com

 

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

 

 -  Walt Disney


On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:

Hi Everyone,

I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.

Joan Vickers

 


  _____  


From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.

Thanks

Rosemarie - occasional seller

 

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

From: Damian Colden <mailto:damian_colden at yahoo.com>  

To: How To <mailto:5-dayforum at mailman.howtosellyourhomein5days.com>  Sell Your Home in 5-Days 

Sent: Saturday, May 16, 2009 7:30 AM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

 

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 

Dac Colden 

 

 


  _____  


From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 

Dac Colden 

Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI

 


  _____  


From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 


  _____  


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

 

Keep us posted on what you decide.  I think we could be on to something!

Good Luck!

Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM

Hello, 

I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 

Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 

Joan Vickers

 


  _____  


From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

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

From: rosemarie-fred <http://us.mc536.mail.yahoo.com/mc/compose?to=rosemarie-fred at mindspring.com>  

To: How <http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>  To Sell Your Home in 5-Days 

Sent: Wednesday, May 13, 2009 10:24 PM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)

Rosemarie

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

From: Patrycja Vasilyev Missiuro <http://us.mc536.mail.yahoo.com/mc/compose?to=patrycja at MIT.EDU>  

To: 5-dayforum at howtosellyourhomein5days.com 

Sent: Wednesday, May 13, 2009 3:29 PM

Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

 

Can a buyer sue b/c we decide not to sell b/c the price is too low?

 

 

  _____  

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

  _____  

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



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

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

 


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

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

 


  _____  


Insert movie times and more without leaving Hotmail?. See how. <http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009> 



_______________________________________________ 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


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From tgarter at comcast.net  Mon May 18 14:29:09 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 18:29:09 +0000 (UTC)
Subject: [5-DayForum] Getting Nervous
In-Reply-To: <000001c9d7e5$5a81d2f0$0f8578d0$@net>
Message-ID: <1985923137.3105821242671349494.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Gary, 
read my post from this morning. We sold our house yesterday following Bill's method to the tee. 
Tom Garter 
Successful 5 day Seller 
----- Original Message ----- 
From: "Gary Greier" <ggreier at hughes.net> 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 2:20:28 PM GMT -05:00 US/Canada Eastern 
Subject: [5-DayForum] Getting Nervous 




We have our home set up for the 5 day sale this May 30 & 31. All the ads and flyers are made up and we are ready to take calls on the Wednesday. Our home is unique as it was designed and built by me but it is the most favourable house on the most favourable lot in our sub division. I cannot recall all the positive comments we had on our place from officials like appraisers and inspectors. 

We are getting really worried about all the failures that appear on this forum. We know what our home is worth but who wants to go through all this work just to find out that we may have advertised the price too low. Yes there will be the low ballers but they can be handled. Would anyone know the success rate of the 5 day sale? 

There are other ways to market your home privately too now like propertyguys.com which we know has a huge success rate but it won?t be done in 5 days. If this sale is successful using the 5 day sale method, rest assured it will be put on this forum for all of you to know. It would be nice to read something positive in this forum for a change. 



Gary 

Manilla, Ont. 




_______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From tgarter at comcast.net  Mon May 18 14:31:08 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 18:31:08 +0000 (UTC)
Subject: [5-DayForum] Has anyone out there sold their
	home	using	thismethod?
In-Reply-To: <02e701c9d7e6$52bb3420$f8319c60$@edu>
Message-ID: <108342325.3106811242671468405.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Dmitry, 
I didn't mean to say the TRUE value of the house is $200,000. We paid over $200,000 for the house and improvements, but in todays' market it is not worth that. I realize it and sold it for what it is worth today. 
Tom 
----- Original Message ----- 
From: "Dmitry Missiuro Vasilyev" <vasilyev at MIT.EDU> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Monday, May 18, 2009 2:27:36 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 




Tom, 



To re-iterate what you?ve just said, the true value of the house is $200,000, the market value is $160,000. 



You?ve sold at $145,000, 15K (10%) below the market value. 



Why do you think this is better than advertising on flat-fee MLS by owner, without auction, and getting the price closer to the market value? You?d save on the realtor fees anyway. 

Also, I do not understand where the figure $30K comes from. Is the rate of the your losses around 10K/month? 



- Dmitry. 













From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of tgarter at comcast.net 
Sent: Monday, May 18, 2009 1:07 PM 
To: How To Sell Your Home in 5-Days 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 




Dmitry, 
I disagree with you. We advertised $74,500 and had 3 serious buyers who raised the price $500 - $3,000 per bid up to the final price of $145,000. This is something called buyer's psychology. The buyer, after looking at the house, knows it's a $200,000 house that is selling for $165,000 in this bad market and realizes the $74,500 was just to get him in the door. The winner is happy at $145,000 we saved $10,000 in commissions and another $30,000 if we had to hold the property until a realtor sold it. 
Tom Garter 
Sold My House in 5 Days - Yesterday 
----- Original Message ----- 
From: "Dmitry Missiuro Vasilyev" <vasilyev at MIT.EDU> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Monday, May 18, 2009 11:11:52 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 




Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 



We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 



- Dmitry. 











From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro 
Sent: Monday, May 18, 2009 10:54 AM 
To: How To Sell Your Home in 5-Days 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 




Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm. 





I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder). 





Thanks, 


Patricia & Dmitry 







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


From: SKY HIGH 


To: How To Sell Your Home in 5-Days 


Sent: Monday, May 18, 2009 10:47 AM 


Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 





Yes. The thing is that most succesful sellers don't bother mentioning their story. This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively. 

Carlos A. Chica 


Sky High Planning, Inc. 


7380 Sand Lake Rd. #500 


Orlando, FL 32819 


Office: (407) 352-3220 


Fax: (407) 738-4816 


Cell: (646) 552-0107 


skyhighplanning at gmail.com 





Coming Soon: 





www.SKYHIGHPLANNING.com 





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





- Walt Disney 



On May 18, 2009, at 10:31 AM, Joan Vickers < joanvickers13 at yahoo.com > wrote: 






Hi Everyone, 


I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients. 


Joan Vickers 







From: rosemarie-fred < rosemarie-fred at mindspring.com > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Monday, May 18, 2009 7:46:07 AM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low 


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up. 


Thanks 


Rosemarie - occasional seller 







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


From: Damian Colden 


To: How To Sell Your Home in 5-Days 


Sent: Saturday, May 16, 2009 7:30 AM 


Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low 





Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through. 

Good luck and look forward to hearing about your experience. 




Dac Colden 










From: " tgarter at comcast.net " < tgarter at comcast.net > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Friday, May 15, 2009 9:55:04 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


Dac, 
We are holding a 5 day tomorrow. We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call. We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri. We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works. 
Newspaper 0 
Craigslist 36 
Radio Show 1 
Bulletin Board 1 

If you want to come to our sale, it's Sat and Sun 10-5 
6488 Evergreen, Portage, Mi 49024 
Tom Garter 269-321-7702 



----- Original Message ----- 
From: "Damian Colden" < damian_colden at yahoo.com > 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information. 




Dac Colden 


Realtor 
The KatieDidIt! Team 
Keller Williams Realty 
Grand Blanc, MI 







From: John Paul Perez < jpperez100 at msn.com > 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Thursday, May 14, 2009 11:45:02 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

Joan & Holly, 

I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 

If you would like more details on how I have used this method, or my variation of it, just let me know... 

Best of luck. 

Jp 




Date: Thu, 14 May 2009 11:31:39 -0700 
From: hollymac2 at yahoo.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 	


Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors. I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale. I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner." 





Keep us posted on what you decide. I think we could be on to something! 


Good Luck! 


Holly 

--- On Thu, 5/14/09, Joan Vickers < joanvickers13 at yahoo.com > wrote: 




From: Joan Vickers < joanvickers13 at yahoo.com > 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Date: Thursday, May 14, 2009, 4:21 AM 




Hello, 


I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 


Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 


Joan Vickers 







From: bvgore < bvgore at insightbb.com > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Wednesday, May 13, 2009 9:22:08 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules. 




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


From: rosemarie-fred 


To: How To Sell Your Home in 5-Days 


Sent: Wednesday, May 13, 2009 10:24 PM 


Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 





Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.) 


Rosemarie 




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


From: Patrycja Vasilyev Missiuro 


To: 5-dayforum at howtosellyourhomein5days.com 


Sent: Wednesday, May 13, 2009 3:29 PM 


Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low 





Can a buyer sue b/c we decide not to sell b/c the price is too low? 










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Insert movie times and more without leaving Hotmail?. See how. 



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From sean at folkson.com  Mon May 18 14:30:17 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 20:30:17 +0200
Subject: [5-DayForum]  Getting Nervous
Message-ID: <200905181831.n4IIVhXj004969@intel1.peregrinehw.com>

Hi gary,

in your E-mail you say your home is "unique"....later, you say you 
know what your home is worth.

How do you know what it's worth?  How do you define the "worth" of the house.

Not trying to be difficult, but most people agree that the more 
unique a house is, the more subjective the value of the 
house.  Whatever makes your house unique might be attractive to 7 
buyers, but might put off 10 others.

I know Bill has a chapter about "odd-balls", so check that out.

If you follow the book to the letter, and his forum posts, Bill 
believes that the lower you advertise, the MORE you'll sell for, 
although it will be more work for you.  Bill says you can't price too 
low.  And, again, if you follow the book to the letter, the "worth" 
of the house will be equal to the amount offered by the highest bidder.

sean


From sean at folkson.com  Mon May 18 14:34:06 2009
From: sean at folkson.com (Sean Folkson)
Date: Mon, 18 May 2009 20:34:06 +0200
Subject: [5-DayForum] TGarter Sale
Message-ID: <200905181834.n4IIYL96006941@intel1.peregrinehw.com>

Hi Tom,

just curious what number you were targeting for your sale.

If you followed the book to the letter, your ad price of $74,500 
indicates to me that you were looking to get between $150K and $200K 
for the house.  You got $145K, so, how far outside your range did you end up?

Or, did you not have a specific "happy number target" going in to the sale?


From tgarter at comcast.net  Mon May 18 15:05:12 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 19:05:12 +0000 (UTC)
Subject: [5-DayForum] TGarter Sale
In-Reply-To: <200905181834.n4IIYL96006941@intel1.peregrinehw.com>
Message-ID: <2087897762.3123281242673512175.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

We had no idea what this bad market would specifically do to the $184,000 value we paid for the house 6 years ago, even though we had improvement costs that brought our total investment over $200,000 we knew that we would not get $200,000 for the house in the current market. So 74,500 was the quadrant number of choice. Some of you may have heard that Michigan's economy isn't doing well. We have auto manufacturers here who are closing dealerships all over the place. Like i said before, a realtor would have needed to get $154,250 for us to net $145,000. And, it only took us 5 days, not 8 months which is the average time a house is on the market in this area. 
----- Original Message ----- 
From: "Sean Folkson" <sean at folkson.com> 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 2:34:06 PM GMT -05:00 US/Canada Eastern 
Subject: [5-DayForum] TGarter Sale 

Hi Tom, 

just curious what number you were targeting for your sale. 

If you followed the book to the letter, your ad price of $74,500 
indicates to me that you were looking to get between $150K and $200K 
for the house. You got $145K, so, how far outside your range did you end up? 

Or, did you not have a specific "happy number target" going in to the sale? 

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From patrycja at MIT.EDU  Mon May 18 15:55:52 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Mon, 18 May 2009 15:55:52 -0400
Subject: [5-DayForum] Quick Observations
References: <4A118CB9.5020405@effros.com>
Message-ID: <793929BC7AC94A0DA4A5FE7CC19D15A1@GEDELL690XP64>

To:Bill Effros & everyone else on 5-day forum

Since we just had our auction, here is my reply:

Re: #4: If we are to do this "properly", we should sell our house right now 
to a real estate agent who ended up the highest bidder for the final bid. 
That bid is without any doubt $60K below the market price.

We did everything properly, given that we had 47 bidders and over 70 people 
seeing our house this weekend. Still, a failure and quite stressful.

I will probably email this forum when we actually sell our house. Then I 
will give everyone exact numbers of how much more we got just by going the 
more traditional way. For those who are still planning to go with their 
5-day sale, think twice and be prepared not to succeed.

Thank you,
Patricia
(the now very skeptical 5-day seller)

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: "5-DayForum" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 12:28 PM
Subject: [5-DayForum] Quick Observations


> No time for this, but here goes.
>
> Find the detail in the archives.
>
> 1.  Change the subject line when you change the subject so that others
> will be able to find your comments in the archives in the future.
>
> 2.  I know of literally tens of thousands of people who have used the
> 5-Day Method successfully over the past 20 years in homes ranging from
> $20,000 to in excess of $5,000,000.
>
> 3.  Your home is currently worth what you can get for it after running a
> 5-Day Sale properly.
>
> 4.  "Properly" means starting at 50% of what you think it is worth,
> dropped down to a "magic number" and then actually taking the high bid
> no matter what it is.
>
> 5.  While some people who fudge 5-Day Sales succeed, most fail.
>
> 6.  When times were "good" and home values were inflated by bank
> appraisals, people who refused to sell their home to the high bidders
> complained that they couldn't get a 5-Day offer for what the bank said
> their home was worth.  They never again got as high an offer if they had
> run their 5-Day Sale properly in the first place.
>
> 7.  Please identify yourself in a meaningful way under your name so new
> sellers will understand they are looking at advice from someone who has
> never tried the method, or from someone who modified the method and then
> failed, or from someone who is a professional.
>
> 8.  I can't answer questions on a regular basis, and I haven't rigged
> this web site so all you see are my answers.  If you want to see my
> answers, go to the archives and see what I have to say.  I try to change
> subject lines so you can find back my comments.  Sort the archives by
> author, then look at subject lines.  This will also help you evaluate
> the responses you get from others.
>
> Bill Effros
> Author
>
> PS -- In my OPINION, we are headed for incredible inflation and home
> values will again exceed mortgage amounts -- if you can afford to hang
> on for that long.  There is no telling when this will start to gallop,
> but it will.  If you sell low and buy low it doesn't matter--as long as
> you can afford to buy after selling.
>
> Many, many homes will be abandoned and torn down.  "Ghost Towns" will
> develop.  These homes have no current value, and no matter how much
> lipstick you put on these pigs, they are still pigs.  Anyone who pays
> money for them now will get stuck -- whether that money comes in the
> form of "bailouts" "foreclosures" "speculators" or "flippers".
>
> Don't throw good money after bad.
>
> Here is a link from the Wall Street Journal confirming that the "tear
> down" trend has begun.  If you look at the archives you will find this
> is not the first time I have predicted this.
>
> http://online.wsj.com/article/SB124148169574985359.html
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> 


From lbicon at aol.com  Mon May 18 16:05:28 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Mon, 18 May 2009 16:05:28 -0400
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
In-Reply-To: <454057425.3064081242666735852.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <8CBA60B1F7CB860-F78-E0@FWM-M25.sysops.aol.com>

Tom,

I have read Bill's book. I have also completed dozens of these sales. I have also mentored 100's of people on doing these sales.?You have posted that you have had a successful sale. You are ready to sign a contract with highest bidder. How do you know they can close? You are done with the marketing. Now you have to "close the deal".

Good Luck!

Conrad Kuiken, Realtor,Loan Officer, Best Bidder Sale,Expert




-----Original Message-----
From: tgarter at comcast.net
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Mon, 18 May 2009 10:12 am
Subject: Re: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!



Conrad,
If you read the book you know Bill's system has nothing to do with qualified buyers.? 
----- Original Message -----
From: lbicon at aol.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Monday, May 18, 2009 12:58:26 PM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!


Tom,

?

How do you know your buyer is qualified? Remember that the completed offer is the starting line. 

?

Good Luck,

?

Conrad Kuiken


-----Original Message-----
From: tgarter at comcast.net
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Mon, 18 May 2009 9:48 am
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!





We followed the book with only minor exceptions.? I had excellent paperwork to hand out.? I advertised on craigslist in Oct and Jan to obtain names, 50,? which I emailed on Wed and asked if they wanted the address.? Many did, and one was in the final 3.? I was glad I followed Bills advice about photos.? Our house is nice, but the outside streetview is not outstanding.? I used a picture on the new kitchen for craigslist which made a better ad and refused all requests for more pics.? I told anyone they were welcome to take pics during the open house.? The only other thing I did not do by the book was I didn't pay for an inspection.? Our house is 27 years old, but it is in Excellent Condition and everyone who inspected could see that.? A few people asked about inspections and we told them they were welcome to get one, but the final price wouldn't change.! &nb! sp; The local newspaper was a bust. We had the most prominant ad for 5 days that cost $285. No responses until Sat. Only 1 or 2 on Sat, another 5 or so on Sun.? Craigslist gave us over 25 responses on Wednesday.? So the sale was a go as of Wed night.? We had only 6 couples on Sat, another 12 -14 on Sun.? Some couples had kids or friends with them.? 10 left a bid.? Our house cost $184,000 in 2003, we added new kitchen, siding, finished basement, full bath, remodeled bath for $35,000. So we had $219,000 in the house. Advertised for $74,500, O.B.O..? High initial bid was 82,500 by a speculator who said he was going to flip it. He dropped out after the2nd round. After 5 rounds we were down to the 3 serious buyers.? They went 6 more rounds, the final 2 went 3 more rounds and the final bid was $145,000.? We told him it was below what we expected and wanted to sleep on it. He was very upset that we told him we were going to sleep on it&! amp;! nbsp; This morning we accepted the offer.? We are glad it's over. A realtor we met with a couple weeks ago told us they turned down an offer of $153,000 for a similar house nearby that wasn't nearly as nice as ours. He thought


 we could end up selling out house for $160,000 to $165,000 We would have needed to get $154,250 and go through the long process with a realtor and pay his $9,250 commission to equal the $145,000 we got.? He said our local area geographic market has an 8 month inventory of homes listed for sale.? If we had to wait 8 months to sell our house, that would have cost us at least another $30,000, we already own another? house where we are moving.?? Now I'm waiting to fill out the purchase agreement.
Bill's System Works !
Tom Garter 
Successful 5 Day Seller
----- Original Message -----
From: "Sean Folkson" <sean at folkson.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Monday, May 18, 2009 11:23:49 AM GMT -05:00 US/Canada Eastern
Subject: [5-DayForum] Has anyone out there sold their home using thismethod?

Hi Patricia,

I agree with you 100% that if you start the pricing too low, in a 
down market, you're going to end up unhappy with the results.

I've posted before that I think the optimal strategy is to price at 
the LOWEST number you'd be OK accepting.

I know Bill disagrees, and I've only done 2 of these (both in down 
markets). ?But based on my experience, and what I'm hearing from 
other people, if I were to do another Round Robin sale, and the 
market is anything but hot, I wouldn't advertise too low.

By advertising the way Bill advises, I think most "real buyers" don't 
bother to look at your house. ?They either never see the listing in 
the first place (with internet searches allowing people to search 
within a price range), or, if they do see the listing, they assume 
the house is garbage, or a short sale, or a foreclosure, and don't 
want to get involved. ?If you do have real buyers looking, they know 
that it's a buyers market, so there's no need to bid too 
aggressively, when they can just wait a week or two and get a better 
deal in a more traditional fashion.

Just my 2 cents.

sean

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5-DayForum at mailman.howtosellyourhomein5days.com
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From tgarter at comcast.net  Mon May 18 16:19:57 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Mon, 18 May 2009 20:19:57 +0000 (UTC)
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
In-Reply-To: <8CBA60B1F7CB860-F78-E0@FWM-M25.sysops.aol.com>
Message-ID: <843041641.3163471242677997947.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

WOW I didn't know that. I'm glad I wrote to the forum so you can TELL me 
----- Original Message ----- 
From: lbicon at aol.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 4:05:28 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!! 

Tom, 

I have read Bill's book. I have also completed dozens of these sales. I have also mentored 100's of people on doing these sales. You have posted that you have had a successful sale. You are ready to sign a contract with highest bidder. How do you know they can close? You are done with the marketing. Now you have to "close the deal". 

Good Luck! 

Conrad Kuiken, Realtor,Loan Officer, Best Bidder Sale,Expert 




-----Original Message----- 
From: tgarter at comcast.net 
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Mon, 18 May 2009 10:12 am 
Subject: Re: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!! 



Conrad, 
If you read the book you know Bill's system has nothing to do with qualified buyers. 
----- Original Message ----- 
From: lbicon at aol.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 12:58:26 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!! 


Tom, 

How do you know your buyer is qualified? Remember that the completed offer is the starting line. 

Good Luck, 

Conrad Kuiken 


-----Original Message----- 
From: tgarter at comcast.net 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Mon, 18 May 2009 9:48 am 
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!! 




We followed the book with only minor exceptions. I had excellent paperwork to hand out. I advertised on craigslist in Oct and Jan to obtain names, 50, which I emailed on Wed and asked if they wanted the address. Many did, and one was in the final 3. I was glad I followed Bills advice about photos. Our house is nice, but the outside streetview is not outstanding. I used a picture on the new kitchen for craigslist which made a better ad and refused all requests for more pics. I told anyone they were welcome to take pics during the open house. The only other thing I did not do by the book was I didn't pay for an inspection. Our house is 27 years old, but it is in Excellent Condition and everyone who inspected could see that. A few people asked about inspections and we told them they were welcome to get one, but the final price wouldn't change.! &! amp;nb! sp; The local newspaper was a bust. We had the most prominant ad for 5 days that cost $285. No responses until Sat. Only 1 or 2 on Sat, another 5 or so on Sun. Craigslist gave us over 25 responses on Wednesday. So the sale was a go as of Wed night. We had only 6 couples on Sat, another 12 -14 on Sun. Some couples had kids or friends with them. 10 left a bid. Our house cost $184,000 in 2003, we added new kitchen, siding, finished basement, full bath, remodeled bath for $35,000. So we had $219,000 in the house. Advertised for $74,500, O.B.O.. High initial bid was 82,500 by a speculator who said he was going to flip it. He dropped out after the2nd round. After 5 rounds we were down to the 3 serious buyers. They went 6 more rounds, the final 2 went 3 more rounds and the final bid was $145,000. We told him it was below what we expected and wanted to sleep on it. He was very upset that we told him we were going to slee! p on it&! amp;! nbsp; This morning we accepted the offer. We are glad it's over. A realtor we met with a couple weeks ago told us they turned down an offer of $153,000 for a similar house nearby that wasn't nearly as nice as ours. He thought we could end up selling out house for $160,000 to $165,000 We would have needed to get $154,250 and go through the long process with a realtor and pay his $9,250 commission to equal the $145,000 we got. He said our local area geographic market has an 8 month inventory of homes listed for sale. If we had to wait 8 months to sell our house, that would have cost us at least another $30,000, we already own another house where we are moving. Now I'm waiting to fill out the purchase agreement. 
Bill's System Works ! 
Tom Garter 
Successful 5 Day Seller 
----- Original Message ----- 
From: "Sean Folkson" < sean at folkson.com > 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Monday, May 18, 2009 11:23:49 AM GMT -05:00 US/Canada Eastern 
Subject: [5-DayForum] Has anyone out there sold their home using thismethod? 

Hi Patricia, 

I agree with you 100% that if you start the pricing too low, in a 
down market, you're going to end up unhappy with the results. 

I've posted before that I think the optimal strategy is to price at 
the LOWEST number you'd be OK accepting. 

I know Bill disagrees, and I've only done 2 of these (both in down 
markets). But based on my experience, and what I'm hearing from 
other people, if I were to do another Round Robin sale, and the 
market is anything but hot, I wouldn't advertise too low. 

By advertising the way Bill advises, I think most "real buyers" don't 
bother to look at your house. They either never see the listing in 
the first place (with internet searches allowing people to search 
within a price range), or, if they do see the listing, they assume 
the house is garbage, or a short sale, or a foreclosure, and don't 
want to get involved. If you do have real buyers looking, they know 
that it's a buyers market, so there's no need to bid too 
aggressively, when they can just wait a week or two and get a better 
deal in a more traditional fashion. 

Just my 2 cents. 

sean 

_______________________________________________ 
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 


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 
_______________________________________________
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
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From skyhighplanning at gmail.com  Mon May 18 19:41:14 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Mon, 18 May 2009 19:41:14 -0400
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It
	IsOver and You Are Not Happy With The Price?
In-Reply-To: <BBD86CC2B6E945E7839EC8E7B598A35D@GEDELL690XP64>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com><CA12DE44-4665-458A-864B-A0054807025D@gmail.com><9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64><BAY138-W17E513971193F32FBB94ADAC5A0@phx.gbl><ADCC15DAF8D743B5BD6B3C85369224FB@GEDELL690XP64>
	<AD5DB846-4BDA-4E25-8012-F70332800039@gmail.com>
	<BBD86CC2B6E945E7839EC8E7B598A35D@GEDELL690XP64>
Message-ID: <8A5E91A3-550E-49D9-86FD-DA5F8AB40A87@gmail.com>

If all you received were wholesale offers then you didn't find the two  
or three buyers that would fall in love with the property & pay as  
close to market value as possible.

Carlos A. Chica
Investor, Real Estate Solutions Co.
(646) 552-0107


Coming Soon:
www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 18, 2009, at 12:11 PM, "Patrycja Vasilyev Missiuro" <patrycja at MIT.EDU 
 > wrote:

> Hi Carlos,
>
> We looked at the properties sold in our area within the last 6  
> months with similar square footage, etc. Most of them do not come  
> with the additional perks such as off-street parking, low condo fee,  
> yard etc (we live in Boston area so these things are really hard to  
> come by). The condo of the size/quality of ours sells for approx  
> 340K and that is without the yard and off-street parking which the  
> appraiser said is another 10-15K above the price.
>
> The biggest telling thing is that the current highest bidder is a  
> real estate agent who saw the condo at 5pm Sunday night and bid  
> right away. He knows he can turn it around without having to do any  
> work and make $60K.
>
> Thanks,
> patricia
> ----- Original Message -----
> From: SKY HIGH
> To: How To Sell Your Home in 5-Days
> Sent: Monday, May 18, 2009 11:16 AM
> Subject: Re: [5-DayForum] Will You Sell To The Highest Bidder Now  
> That It IsOver and You Are Not Happy With The Price?
>
> How are you calculating market value?
>
> Carlos A. Chica
> Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
> skyhighplanning at gmail.com
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 18, 2009, at 11:06 AM, "Patrycja Vasilyev Missiuro" <patrycja at MIT.EDU 
> > wrote:
>
>> Hi Rosemary,
>>
>> No, we will decline and go the other route. We cannot afford to  
>> sell to the highest bidder, the price is over 60K below the market  
>> value for the property and we would have to come up with over 15K  
>> to cover our mortgage.
>>
>> Thanks,
>> Patricia
>> ----- Original Message -----
>> From: Rosemary LaColla
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Sent: Monday, May 18, 2009 10:59 AM
>> Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That  
>> It Is Over and You Are Not Happy With The Price?
>>
>> Hello,
>>
>> To Patricia and the other person who held an auction this weekend,  
>> are you going to sell to the highest bidder or decline and go  
>> another route?
>>
>> Rosemary
>>
>> From: patrycja at MIT.EDU
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Date: Mon, 18 May 2009 10:54:08 -0400
>> Subject: Re: [5-DayForum] Has anyone out there sold their home  
>> using thismethod?
>>
>> Well, I think my husband and I did market aggressively. We had  
>> approx 70 parties come by and 47 bidders on our list by Sunday at  
>> 6pm.
>>
>> I suspect that the problem is that the listing price was just way  
>> too low. Everyone who came in, had in mind that yes, it may go for  
>> maybe 50% more but not 100% more. In the end, the price is way  
>> below market value, and any real estate agent knows it  
>> (especially        the one who was bidding and right now is the top  
>> bidder).
>>
>> Thanks,
>> Patricia & Dmitry
>>
>> ----- Original Message -----
>> From: SKY HIGH
>> To: How To Sell Your Home in 5-Days
>> Sent: Monday, May 18, 2009 10:47 AM
>> Subject: Re: [5-DayForum] Has anyone out there sold their home  
>> using thismethod?
>>
>> Yes.  The thing is that most succesful sellers don't bother  
>> mentioning their story.  This method works as long as you are aware  
>> of current market values (recent sales comparable) & you market  
>> aggressively.
>>
>> Carlos A. Chica
>> Sky High Planning, Inc.
>> 7380 Sand Lake Rd.  #500
>> Orlando, FL  32819
>> Office:  (407) 352-3220
>> Fax:      (407) 738-4816
>> Cell:      (646) 552-0107
>> skyhighplanning at gmail.com
>>
>> Coming Soon:
>>
>> www.SKYHIGHPLANNING.com
>>
>> "It's kind of Fun to do the Impossible"
>>
>>  -  Walt Disney
>>
>> On May 18, 2009, at 10:31 AM, Joan Vickers  
>> <joanvickers13 at yahoo.com> wrote:
>>
>> Hi Everyone,
>> I have been reading this forum for about a week. All I hear  
>> about            are failures. Has anyone sold their homes using  
>> this method? I am in real estate and would very much like to do  
>> this for my clients.
>> Joan Vickers
>>
>> From: rosemarie-fred <rosemarie-fred at mindspring.com>
>> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
>> >
>> Sent: Monday, May 18, 2009 7:46:07 AM
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> thepriceistoo low
>>
>> A reminder, please - change the subject when you change the  
>> subject! This subject has been going around for days, and most of  
>> the messages are about something else entirely. Once upon a time we  
>> asked everyone to head the subject with the date and city of their  
>> sale, if that was upcoming. That is helpful. Otherwise, please just  
>> write a subject that makes sense to you. That way it creats a new  
>> thread in the archives and the discussion will be relevant when  
>> folks look it up.
>> Thanks
>> Rosemarie - occasional seller
>>
>> ----- Original Message -----
>> From: Damian Colden
>> To: How To Sell Your Home in 5-Days
>> Sent: Saturday, May 16, 2009 7:30 AM
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> thepriceistoo low
>>
>> Tom -
>>
>> Got appointments today and tomorrow or I'd make the 2 hour drive to  
>> Portage. I think I found one around here to go take a walk through.
>>
>> Good luck and look forward to hearing about your experience.
>>
>> Dac Colden
>>
>>
>> From: "tgarter at comcast.net" <tgarter at comcast.net>
>> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
>> >
>> Sent: Friday, May 15, 2009 9:55:04 PM
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> the priceistoo low
>>
>> Dac,
>> We are holding a 5 day tomorrow.  We had an outstanding ad in the  
>> Kalamazoo Gazette since Wed and have not received on phone call.   
>> We also advertised on Craigslist starting Wed. We received 25  
>> emails wed and a total of 36 by 10 pm Fri.  We also received one  
>> from a free radio call in show and one from a bulletin board at  
>> Kelloggs where my wife works.
>> Newspaper    0
>> Craigslist       36
>> Radio Show     1
>> Bulletin Board  1
>>
>> If you want to come to our sale, it's Sat and Sun 10-5
>> 6488 Evergreen, Portage, Mi 49024
>> Tom Garter   269-321-7702
>>
>>
>>
>> ----- Original Message -----
>> From: "Damian Colden" <damian_colden at yahoo.com>
>> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
>> >
>> Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> the priceistoo low
>>
>> John -
>>
>> Add me to your list for the details on how you have adjusted the  
>> system for your clients.
>>
>> Thanks in advance for the information.
>>
>> Dac Colden
>> Realtor
>> The KatieDidIt! Team
>> Keller Williams Realty
>> Grand Blanc, MI
>>
>> From: John Paul Perez <jpperez100 at msn.com>
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Sent: Thursday, May 14, 2009 11:45:02 PM
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> the priceistoo low
>>
>> Joan & Holly,
>>
>> I am also a Realtor, and I have been conducting sales similar to  
>> the 5 day sale in my area for awhile now. It works extremely well  
>> in a slow market and has produced terrific results for many of my  
>> clients. This is a great system, there are a few adjustments that  
>> must be made, however, we have it down to a science and as stated,  
>> have done well.
>>
>> If you would like more details on how I have used this method, or  
>> my variation of it, just let me know...
>>
>> Best of luck.
>>
>> Jp
>>
>> Date: Thu, 14 May 2009 11:31:39 -0700
>> From: hollymac2 at yahoo.com
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> the priceistoo low
>>
>> Joan - I also am a Real Estate Broker (new to the biz) and like  
>> you, I see some potential for this method even for Realtors.  I  
>> think MLS is critical to success and I am trying to see how the  
>> listing would look for a 5-Day Sale.  I also agree with you, not  
>> sure how to handle the "By Owner" thing, altho I suspect the real  
>> draw (in advertising) is the price (well below expected value) and  
>> a little less critical is the "By Owner."
>>
>> Keep us posted on what you decide.  I think we could be on to  
>> something!
>> Good Luck!
>> Holly
>>
>> --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:
>>
>> From: Joan Vickers <joanvickers13 at yahoo.com>
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> the priceistoo low
>> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
>> >
>> Date: Thursday, May 14, 2009, 4:21 AM
>>
>> Hello,
>> I am a real estate agent. In the book it stated that agents could  
>> use the 5 day method. The book has not said how to do it. Also, on  
>> the add what do I put where it says "By Owner"?
>> Thanks so much, I hope you can answer, I really want to try this on  
>> listings and my own home.
>> Joan Vickers
>>
>> From: bvgore <bvgore at insightbb.com>
>> To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com 
>> >
>> Sent: Wednesday, May 13, 2009 9:22:08 PM
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> the priceistoo low
>>
>> Plus, it should be clear that no one, buyer or seller is obligated  
>> at any time. That should be stated clearly in the rules.
>> ----- Original Message -----
>> From: rosemarie-fred
>> To: How To Sell Your Home in 5-Days
>> Sent: Wednesday, May 13, 2009 10:24 PM
>> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
>> the priceistoo low
>>
>> Not unless you signed a contract! And they are not buyers until the  
>> contract is signed - just prospects. No one can force you to sign a  
>> contract. ( well, actually anyone can sue anyone about anything,  
>> but they won't get a lawyer to take a case with no contract.)
>> Rosemarie
>> ----- Original Message -----
>> From: Patrycja Vasilyev Missiuro
>> To: 5-dayforum at howtosellyourhomein5days.com
>> Sent: Wednesday, May 13, 2009 3:29 PM
>> Subject: [5-DayForum] Can someone sue us if we do not sell b/c the  
>> price istoo low
>>
>> Can a buyer sue b/c we decide not to sell b/c the price is too low?
>>
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>> -----Inline Attachment Follows-----
>>
>> _______________________________________________ 5-DayForum mailing  
>> list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>> -----Inline Attachment Follows-----
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>> Insert movie times and more without leaving Hotmail?. 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 list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>> Hotmail? goes with you. Get it on your BlackBerry or iPhone.
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>> ein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>> Hotmail? goes with you. Get it on your BlackBerry or iPhone.
>> _______________________________________________
>> 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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> 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 sean at folkson.com  Tue May 19 05:05:14 2009
From: sean at folkson.com (Sean Folkson)
Date: Tue, 19 May 2009 11:05:14 +0200
Subject: [5-DayForum] Will You Sell To The Highest Bidder Now That It IsOver
 and You Are Not Happy With The Price?
Message-ID: <200905190905.n4J95PG6005645@intel1.peregrinehw.com>

Hi Carlos,

I think you're 100% right....the challenge is that in a buyers 
market, it is harder to get people to fall in love with a particular 
property and bid it up, as there are so many other fish in the sea 
(to stick with the love concept).

that being said, there's no automatic reason to think you'd do much 
better by doing a more traditional FSBO, except that you do allow 
yourself more time (quite a double-edged sword).

I think Bill has said this before, but before deciding to do a 5-Day 
Sale (or any other kind of sale), determine your reason for 
selling.  How badly you "need" to sell will certainly impact the 
price you're willing to accept.  And, if you don't "need" to sell, 
now is not a great time to be selling.

Figure out where your trade-offs are, and that will help steer you 
though the process a bit.

sean


From ddabiz at gmail.com  Tue May 19 07:55:25 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Tue, 19 May 2009 07:55:25 -0400
Subject: [5-DayForum] Results of my sale - price too low? To Pat and
	Dmitry...
Message-ID: <eff2c1030905190455p41945e9dhe82fd59bce20e2d5@mail.gmail.com>

Hi All!

Debi from Southern NJ here (near Philly)...well, I did everything by the
book and offered my $600K home for $295,500.  I did NOT get 25 "responses"
by Friday night.

Btw, is the definition of a response just anyone w/ a pulse who calls?  Or,
my belief is it's someone who says they will stop by Sat or Sun...  Bill,
can you clarify?

I spent about $700 in ads, so decided to go ahead w/ the sale.  Now that's
it's over...I think it was a mistake.

My high bid on Sunday night was $450K.  It was close though - the price
needs to be in the low 500's for me to even consider selling and at that I
will lose $$.  I paid much more than that 2 years ago.  But, I'm willing to
walk away and stop the bleeding at $500 or $525 or even $515, but not at
$450.

This neighborhood is full of 3/4 and million dollar properteries, mine is
worth in the 600's and on a huge 8 acre cul-de-sac lot...

My point is...if you do this sale, and I will try it again in a couple of
months...do what Bill says and stop the sale if you don't get 25 responses.

I got a total of 18 responses by Sunday (only about 10 by Friday night) and
had only 6 bids - one of which was $450K.  Could have taken it, but it
wouldn't have paid the bank and, even tho Bill says no to this, I think I
can get more...

Now, why Pat and Dmitry didn't get the top bidders w/ 70 people who came by
and 47 bidders, I have no idea!  Those numbers should have brought you your
top 3.

I do agree that most of the people who came thru COULD NOT afford the $500's
and even the $400's...they thought they could get this house for $300,000.

Moral is (for me anyway)...get the 25 by Friday and maybe the chance of
getting the top 3 bidders would be better.  However, I agree w/ Pat and
Dmitry - is the starting price TOO LOW??

Thoughts?  Bill, what do you think?  I'm sure we are not the only ones to
ask this question...  Debi
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From real.estate.professor at hotmail.com  Tue May 19 08:26:41 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 07:26:41 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <8CBA553ABE3228D-1274-52C3@WEBMAIL-MA21.sysops.aol.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
	<BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl> 
	<8CBA553ABE3228D-1274-52C3@WEBMAIL-MA21.sysops.aol.com>
Message-ID: <BLU122-W27371EB8236825DA8E370CB45B0@phx.gbl>


Conrad:

 

In Colorado - and most other states - secured creditors are paid in order of priority.

 

As such, any creditor whose debt is secured by a home as collateral, will record the debt and it will eventually be reflected in the public records.  

 

Kyle Cascioli

www.AuctionByAgent.com 
 


To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Sun, 17 May 2009 18:12:16 -0400
From: lbicon at aol.com
Subject: Re: [5-DayForum] Price very low - problems

The public records show how much was originally/subsequently was borrowed and the recording of the deed attached to the loan. The public records do not show how much is owed on the property currently. That can only be determined from credit reports.

Conrad Kuiken 


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Sun, 17 May 2009 6:45 am
Subject: Re: [5-DayForum] Price very low - problems




What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems
> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out w hat the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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



Insert movie times and more without leaving Hotmail?. See how. = 
_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailma
n/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 May 19 08:29:47 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 07:29:47 -0500
Subject: [5-DayForum] Did the Open House this weekend and bidding
In-Reply-To: <20090517223143.h0l9rzirofswk48g@webmail.mit.edu>
References: <848280.30926.qm@web59715.mail.ac4.yahoo.com>
	<20090517223143.h0l9rzirofswk48g@webmail.mit.edu>
Message-ID: <BLU122-W71ECEFA6538AF0FDB5E1FB45B0@phx.gbl>


If the process generated an offer where none was generated before, then by definition "it worked."

 

The market spoke to you , but you didn;t like what it had to say.  You are not alone.

 

Best luck moving forward.

 

Kyle Cascioli

www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 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 May 19 08:34:18 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 07:34:18 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
	<20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
	<BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl> 
	<60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com>
Message-ID: <BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>


Linda:

 

Here in Colorado we have a public trustee that holds all deeds in trust.

 

In most states, you can go online at the County Assessor's website and look up the property by parcel number or address.  Since there is a lag to debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.

 

The easiest way to get this information is to call a title company and ask them to run a title report.  Most will do it for free or a small fee.

 

Good luck,

 

Kyle Cascioli

www.AuctionByBuilder.com 
 


Date: Mon, 18 May 2009 07:46:24 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems



> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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  Tue May 19 08:36:38 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 07:36:38 -0500
Subject: [5-DayForum] Has anyone out there sold their home using this
 method?
In-Reply-To: <437586.15750.qm@web110605.mail.gq1.yahoo.com>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
	<668543.4940.qm@web53109.mail.re2.yahoo.com>
	<1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv> 
	<437586.15750.qm@web110605.mail.gq1.yahoo.com>
Message-ID: <BLU122-W7E5F168D0170EA7C55E3CB45B0@phx.gbl>


Yes ... check out the video documentary and free case studies on:

 

www.AuctionBySeller.com

www.AuctionByAgent.com 

www.AuctionByBuilder.com 

 

Kyle Cascioli

Denver, Colorado
 


Date: Mon, 18 May 2009 07:31:14 -0700
From: joanvickers13 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone out there sold their home using this method?





Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers





From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low




A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
 

----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 Dac Colden 






From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low




Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI





From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low



Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM






Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low




Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 



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

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


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



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From real.estate.professor at hotmail.com  Tue May 19 08:46:57 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 07:46:57 -0500
Subject: [5-DayForum] Has anyone out there sold their
	home	using	thismethod?
In-Reply-To: <026d01c9d7ca$fa6e0650$ef4a12f0$@edu>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>
	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64> 
	<026d01c9d7ca$fa6e0650$ef4a12f0$@edu>
Message-ID: <BLU122-W17F7A0B52591F857165057B45B0@phx.gbl>


Dmitry:

 

Each cse is different.  Maybe you could have had a better pre-5 Day Sale marketing plan, maybe you picked a bad weekend, maybe your opinion of market value was off, maybe you only had investors looking at your property instead of owner-buyers, etc., et al.

 

Every property has a defect and every real estate project has a design flaw.  In good markets they don't have as a detrimental impact on market value as they do in bad markets.  This is a bad market.  A once in a century price correction event.

 

Real estate cycles follow business cycles, if you think that we are at the bottom of the business cycle then hang on to your property.  If you think it will sell using traditional methods then do so.

 

Bill's method works all the time.  You may not like the result, you may have done it differently, but you got an offer.  The market spoke to you.  Bad day for the market.  Real estate is a commodity and now it's pricing behavior is more reflective of the stock market than the stability we used to know.

 

Just be glad your not trying to sell a condo in Florida, Las Vegas, or Pheonix.

 

Good luck, 

 

Kyle Cascioli

www.AuctionBySeller.com   
 


From: vasilyev at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 11:11:52 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?







Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 
 
We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 
 
- Dmitry.
 
 
 
 


From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?
 

Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

 

I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

 

Thanks,

Patricia & Dmitry

 


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

From: SKY HIGH 

To: How To Sell Your Home in 5-Days 

Sent: Monday, May 18, 2009 10:47 AM

Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

 

Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

Carlos A. Chica 

Sky High Planning, Inc.

7380 Sand Lake Rd.  #500

Orlando, FL  32819

Office:  (407) 352-3220

Fax:      (407) 738-4816

Cell:      (646) 552-0107

skyhighplanning at gmail.com

 

Coming Soon:

 

www.SKYHIGHPLANNING.com

 

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

 

 -  Walt Disney


On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:




Hi Everyone,

I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.

Joan Vickers

 




From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.

Thanks

Rosemarie - occasional seller

 


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

From: Damian Colden 

To: How To Sell Your Home in 5-Days 

Sent: Saturday, May 16, 2009 7:30 AM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

 

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 
Dac Colden 

 

 




From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 
Dac Colden 

Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI

 




From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 



Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low





Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

 

Keep us posted on what you decide.  I think we could be on to something!

Good Luck!

Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM



Hello, 

I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 

Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 

Joan Vickers

 




From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.


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

From: rosemarie-fred 

To: How To Sell Your Home in 5-Days 

Sent: Wednesday, May 13, 2009 10:24 PM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)

Rosemarie


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

From: Patrycja Vasilyev Missiuro 

To: 5-dayforum at howtosellyourhomein5days.com 

Sent: Wednesday, May 13, 2009 3:29 PM

Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

 

Can a buyer sue b/c we decide not to sell b/c the price is too low?

 

 




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From macycles at yahoo.com  Tue May 19 08:49:15 2009
From: macycles at yahoo.com (M A)
Date: Tue, 19 May 2009 05:49:15 -0700 (PDT)
Subject: [5-DayForum] not so fast
Message-ID: <894570.51113.qm@web59707.mail.ac4.yahoo.com>

that does not make sense what you said Kyle, of course? it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.? There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.? but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM




#yiv1388067053 .hmmessage P
{
margin:0px;padding:0px;}
#yiv1388067053 {
font-size:10pt;font-family:Verdana;}

If the process?generated an offer where none was?generated before, then by definition "it worked."

?

The market spoke to you , but you?didn;t like what it had to say.? You are not alone.

?

Best luck moving forward.

?

Kyle Cascioli

www.AuctionBySeller.com ?
?
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

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From ddabiz at gmail.com  Tue May 19 08:55:03 2009
From: ddabiz at gmail.com (Debi Detwiler)
Date: Tue, 19 May 2009 08:55:03 -0400
Subject: [5-DayForum] Has anyone tried the method with a HIGHER starting
	price?
Message-ID: <eff2c1030905190555j3f4e8ccnc6d19cb731e32f42@mail.gmail.com>

Would this help bring REAL buyers?  It seems it would get the real bidding
price up closer to the market value.

If I had advertised at $395K (still WAY under valued here) instead of $295K,
perhaps the top bid would have been $525 or $550...

I do agree w/ everyone who says MOST of the people who saw my extremely low
price can't afford what I really need/want or they are bottom feeders
looking to buy low and sell better - looking for a distress sale..

Debi

On Tue, May 19, 2009 at 8:36 AM, Kyle Cascioli <
real.estate.professor at hotmail.com> wrote:

> Yes ... check out the video documentary and free case studies on:
>
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
> www.AuctionByAgent.com <http://www.auctionbyagent.com/>
> www.AuctionByBuilder.com <http://www.auctionbybuilder.com/>
>
> Kyle Cascioli
> Denver, Colorado
>
> ------------------------------
> Date: Mon, 18 May 2009 07:31:14 -0700
> From: joanvickers13 at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Has anyone out there sold their home using this
> method?
>
>
>  Hi Everyone,
> I have been reading this forum for about a week. All I hear about are
> failures. Has anyone sold their homes using this method? I am in real estate
> and would very much like to do this for my clients.
> Joan Vickers
>
>  ------------------------------
> *From:* rosemarie-fred <rosemarie-fred at mindspring.com>
> *To:* How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Monday, May 18, 2009 7:46:07 AM
> *Subject:* Re: [5-DayForum] Can someone sue us if we do not sell b/c
> thepriceistoo low
>
> A reminder, please - change the subject when you change the subject! This
> subject has been going around for days, and most of the messages are about
> something else entirely. Once upon a time we asked everyone to head the
> subject with the date and city of their sale, if that was upcoming. That is
> helpful. Otherwise, please just write a subject that makes sense to you.
> That way it creats a new thread in the archives and the discussion will be
> relevant when folks look it up.
> Thanks
> Rosemarie - occasional seller
>
>
> ----- Original Message -----
> *From:* Damian Colden <damian_colden at yahoo.com>
> *To:* How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Saturday, May 16, 2009 7:30 AM
> *Subject:* Re: [5-DayForum] Can someone sue us if we do not sell b/c
> thepriceistoo low
>
> Tom -
>
> Got appointments today and tomorrow or I'd make the 2 hour drive to
> Portage. I think I found one around here to go take a walk through.
>
> Good luck and look forward to hearing about your experience.
>
> Dac Colden
>
>  ------------------------------
> *From:* "tgarter at comcast.net" <tgarter at comcast.net>
> *To:* How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Friday, May 15, 2009 9:55:04 PM
> *Subject:* Re: [5-DayForum] Can someone sue us if we do not sell b/c the
> priceistoo low
>
> Dac,
> We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo
> Gazette since Wed and have not received on phone call.  We also advertised
> on Craigslist starting Wed. We received 25 emails wed and a total of 36 by
> 10 pm Fri.  We also received one from a free radio call in show and one from
> a bulletin board at Kelloggs where my wife works.
> Newspaper    0
> Craigslist       36
> Radio Show     1
> Bulletin Board  1
>
> If you want to come to our sale, it's Sat and Sun 10-5
> 6488 Evergreen, Portage, Mi 49024
> Tom Garter   269-321-7702
>
>
>
> ----- Original Message -----
> From: "Damian Colden" <damian_colden at yahoo.com>
> To: "How To Sell Your Home in 5-Days" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
> priceistoo low
>
> John -
>
> Add me to your list for the details on how you have adjusted the system for
> your clients.
>
> Thanks in advance for the information.
>
> Dac Colden Realtor
> The KatieDidIt! Team
> Keller Williams Realty
> Grand Blanc, MI
>
>  ------------------------------
> *From:* John Paul Perez <jpperez100 at msn.com>
> *To:* 5-dayforum at mailman.howtosellyourhomein5days.com
> *Sent:* Thursday, May 14, 2009 11:45:02 PM
> *Subject:* Re: [5-DayForum] Can someone sue us if we do not sell b/c the
> priceistoo low
>
> Joan & Holly,
>
> I am also a Realtor, and I have been conducting sales similar to the 5 day
> sale in my area for awhile now. It works extremely well in a slow market and
> has produced terrific results for many of my clients. This is a great
> system, there are a few adjustments that must be made, however, we have it
> down to a science and as stated, have done well.
>
> If you would like more details on how I have used this method, or my
> variation of it, just let me know...
>
> Best of luck.
>
> Jp
>
> ------------------------------
> Date: Thu, 14 May 2009 11:31:39 -0700
> From: hollymac2 at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
> priceistoo low
>
>   Joan - I also am a Real Estate Broker (new to the biz) and like you,
> I see some potential for this method even for Realtors.  I think MLS is
> critical to success and I am trying to see how the listing would look for a
> 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner"
> thing, altho I suspect the real draw (in advertising) is the price (well
> below expected value) and a little less critical is the "By Owner."
>
> Keep us posted on what you decide.  I think we could be on to something!
> Good Luck!
> Holly
>
> --- On *Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com>* wrote:
>
>
> From: Joan Vickers <joanvickers13 at yahoo.com>
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
> priceistoo low
> To: "How To Sell Your Home in 5-Days" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Thursday, May 14, 2009, 4:21 AM
>
>  Hello,
> I am a real estate agent. In the book it stated that agents could use the 5
> day method. The book has not said how to do it. Also, on the add what do I
> put where it says "By Owner"?
> Thanks so much, I hope you can answer, I really want to try this on
> listings and my own home.
> Joan Vickers
>
>  ------------------------------
> *From:* bvgore <bvgore at insightbb.com>
> *To:* How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Wednesday, May 13, 2009 9:22:08 PM
> *Subject:* Re: [5-DayForum] Can someone sue us if we do not sell b/c the
> priceistoo low
>
> Plus, it should be clear that no one, buyer or seller is obligated at any
> time. That should be stated clearly in the rules.
>
> ----- Original Message -----
> *From:* rosemarie-fred<http://us.mc536.mail.yahoo.com/mc/compose?to=rosemarie-fred at mindspring.com>
> *To:* How To Sell Your Home in 5-Days<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Wednesday, May 13, 2009 10:24 PM
> *Subject:* Re: [5-DayForum] Can someone sue us if we do not sell b/c the
> priceistoo low
>
> Not unless you signed a contract! And they are not buyers until the
> contract is signed - just prospects. No one can force you to sign a
> contract. ( well, actually anyone can sue anyone about anything, but they
> won't get a lawyer to take a case with no contract.)
> Rosemarie
>
> ----- Original Message -----
> *From:* Patrycja Vasilyev Missiuro<http://us.mc536.mail.yahoo.com/mc/compose?to=patrycja at MIT.EDU>
> *To:* 5-dayforum at howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at howtosellyourhomein5days.com>
> *Sent:* Wednesday, May 13, 2009 3:29 PM
> *Subject:* [5-DayForum] Can someone sue us if we do not sell b/c the price
> istoo low
>
> Can a buyer sue b/c we decide not to sell b/c the price is too low?
>
>
>  ------------------------------
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=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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>
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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  Tue May 19 08:57:23 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 07:57:23 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <894570.51113.qm@web59707.mail.ac4.yahoo.com>
References: <894570.51113.qm@web59707.mail.ac4.yahoo.com>
Message-ID: <BLU122-W139170A88998D8F9C169E8B45B0@phx.gbl>


Market's are not fair.  I don't believe Bill uses the term "fair market value."

 

If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.

 

Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.

 

We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.

 

We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?

 

Best, 

 

Kyle Cascioli

www.AuctionBySeller.com 

 


 


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM




If the process generated an offer where none was generated before, then by definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From macycles at yahoo.com  Tue May 19 09:04:22 2009
From: macycles at yahoo.com (M A)
Date: Tue, 19 May 2009 06:04:22 -0700 (PDT)
Subject: [5-DayForum] the future
Message-ID: <503600.57055.qm@web59712.mail.ac4.yahoo.com>

wow a lot of maybees... what about the fact that 5 day auction promises that even in this market, one can sell at a fair value? isn't it the whole point why so many people flock to the system? the ONLY reason?? lastly, judging from yesterdays economic reports, housing starts reported a small upsurge, jobs are starting to stabilize, NY actually reported that many sectors are beginning to hire again, the best news being that retail is hiring again, and banks reported gains not losses, stock market is up 2.9 % since march, we just might see? houses reversing the course or at least stabalizing in the next 6 months, and people starting to buy again, the interest rates are fenomenal... so yes guys, i say do not let them low ball you and take any offer as a success, hold on to your hats for a little longer, we might just be rewarded for it for all the pain we had to go through in the last 2 years.



--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:46 PM




#yiv486609395 .hmmessage P
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#yiv486609395 {
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Dmitry:

?

Each cse is different.? Maybe you could have had a better pre-5 Day Sale marketing plan, maybe you picked a bad weekend, maybe your opinion of market value was off, maybe you only had investors looking at your property instead of owner-buyers, etc., et al.

?

Every property has a defect and every real estate project has a design flaw.? In good markets they don't have as a detrimental impact on market value as they do in bad markets.? This is a bad market.? A once in a century price correction event.

?

Real estate cycles follow business cycles, if you think that we are at the bottom of the business cycle then hang on to your property.? If you think?it will sell using traditional methods then do so.

?

Bill's method works all the time.? You may not like the result,?you may have done it differently, but you got an offer.? The market spoke to you.? Bad day for the market.? Real estate is a commodity and now it's pricing behavior is more reflective of?the stock market than the stability we used to know.

?

Just be glad your not trying to sell a condo in Florida, Las Vegas, or Pheonix.

?

Good luck, 

?

Kyle Cascioli

www.AuctionBySeller.com ??
?


From: vasilyev at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 11:11:52 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?



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Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 
?
We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 
?
- Dmitry.
?
?
?
?


From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?
?

Well, I think my husband and I did market aggressively. We had approx 70 parties come by?and?47 bidders on our list by Sunday at 6pm.

?

I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

?

Thanks,

Patricia & Dmitry

?


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

From: SKY HIGH 

To: How To Sell Your Home in 5-Days 

Sent: Monday, May 18, 2009 10:47 AM

Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

?

Yes. ?The thing is that most succesful sellers don't bother mentioning their story. ?This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

Carlos A. Chica 

Sky High Planning, Inc.

7380 Sand Lake Rd. ?#500

Orlando, FL ?32819

Office: ?(407) 352-3220

Fax: ? ? ?(407) 738-4816

Cell: ? ? ?(646) 552-0107

skyhighplanning at gmail.com

?

Coming Soon:

?

www.SKYHIGHPLANNING.com

?

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

?

?- ?Walt Disney


On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:




Hi Everyone,

I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.

Joan Vickers

?




From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.

Thanks

Rosemarie - occasional seller

?


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

From: Damian Colden 

To: How To Sell Your Home in 5-Days 

Sent: Saturday, May 16, 2009 7:30 AM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

?

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage.. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

?
Dac Colden 

?

?




From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Dac,
We are holding a 5 day tomorrow.? We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.? We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.? We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper??? 0
Craigslist?????? 36
Radio Show???? 1
Bulletin Board? 1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter?? 269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

?
Dac Colden 

Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI

?




From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
?
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know... 
?
Best of luck.
?
Jp
?



Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low





Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors.? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

?

Keep us posted on what you decide.? I think we could be on to something!

Good Luck!

Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM



Hello, 

I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 

Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 

Joan Vickers

?




From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.


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

From: rosemarie-fred 

To: How To Sell Your Home in 5-Days 

Sent: Wednesday, May 13, 2009 10:24 PM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

?

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)

Rosemarie


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

From: Patrycja Vasilyev Missiuro 

To: 5-dayforum at howtosellyourhomein5days.com 

Sent: Wednesday, May 13, 2009 3:29 PM

Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

?

Can a buyer sue b/c we decide not to sell b/c the price is too low?

?

?




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From macycles at yahoo.com  Tue May 19 09:16:59 2009
From: macycles at yahoo.com (M A)
Date: Tue, 19 May 2009 06:16:59 -0700 (PDT)
Subject: [5-DayForum] not so fast
Message-ID: <56794.37691.qm@web59705.mail.ac4.yahoo.com>

you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.? i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT? bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a? customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM




#yiv1468797507 .hmmessage P
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Market's are not fair.? I don't believe?Bill uses the term "fair market?value."

?

If you have a successful?pre-5?Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers..

?

Auctioning is nothing new.? Our entire economy is based on the principle.? This is why we auction of T-Bills.

?

We would all need to know more about the specifics of your?property, market, sub-market, etc., to know why you achieved the result that you did.

?

We want your feedback, understand your disappointment, but question your belief that the method doesn't work.? It does work.? It just didn't work for you given your expectation on a given day.? Why do you think it didn't work for you that day?

?

Best, 

?

Kyle Cascioli

www.AuctionBySeller.com 

?


?


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course? it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.? There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.? but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM




#yiv1468797507 .ExternalClass #EC_yiv1388067053 .EC_hmmessage P
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If the process?generated an offer where none was?generated before, then by definition "it worked."
?
The market spoke to you , but you?didn;t like what it had to say.? You are not alone.
?
Best luck moving forward.
?
Kyle Cascioli
www.AuctionBySeller.com ?
?
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 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  Tue May 19 09:30:52 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Tue, 19 May 2009 09:30:52 -0400
Subject: [5-DayForum] not so fast
In-Reply-To: <56794.37691.qm@web59705.mail.ac4.yahoo.com>
References: <56794.37691.qm@web59705.mail.ac4.yahoo.com>
Message-ID: <849D5FF1-E936-4DE8-8365-84B4C30392A8@gmail.com>

The key is to understand that there may always be Investors bidding  
hoping to get a deal.  It's natural because the "low ballers" are  
searching for an exceptional deal.  But you need to be concerned with  
the two or three buyers that fall in love with the property & will pay  
as close to market value as you can get them to through the bidding  
process.  If you only are getting buyers who aren't motivated enough  
to pay market value then it's very possible that the marketing could  
use some work.
The actual market value is only determined by the most recent  
comparable sales.  That means real buyers have recently paid those  
prices forsimilar properties.  If you only get low offers that means  
your either unclear about curret market value or the buyers were  
trying to buy under market value.
Carlos A. Chica
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:

> you know "fair market value" and "true market value" are all a  
> matter of semantics actually. the honest reason WHY people are  
> attracted to the system is because they are looking for "FAIR"  
> market value, at least that was my reason for it.  i don't believe  
> there is such a thing as true market value per se. you get a bunch  
> of low ballers together, and they will NOT  bid up to fair market  
> value, only true market value for them, and thats never true because  
> its not true for all parties concerned, thats why the sellers are  
> disspointed. so you have to question, wether the auction system  
> attracts low ballers and not real buyers... its kind of like what  
> you put out in the world, if you are going to dress up like a 2  
> penny whore but expect to be paid a few dollars, you are going to  
> attract a  customer who is going to expect to pay you 2 pennies not  
> a few dollars.
>
> --- On Tue, 5/19/09, Kyle Cascioli  
> <real.estate.professor at hotmail.com> wrote:
>
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:57 PM
>
> Market's are not fair.  I don't believe Bill uses the term "fair  
> market value."
>
> If you have a successful pre-5 Day Sale marketing campaign and a  
> sufficient base of owner-buyer bidders you will get "true market"  
> offers.
>
> Auctioning is nothing new.  Our entire economy is based on the  
> principle.  This is why we auction of T-Bills.
>
> We would all need to know more about the specifics of your property,  
> market, sub-market, etc., to know why you achieved the result that  
> you did.
>
> We want your feedback, understand your disappointment, but question  
> your belief that the method doesn't work.  It does work.  It just  
> didn't work for you given your expectation on a given day.  Why do  
> you think it didn't work for you that day?
>
> Best,
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
>
>
> Date: Tue, 19 May 2009 05:49:15 -0700
> From: macycles at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] not so fast
>
> that does not make sense what you said Kyle, of course  it generated  
> an offer. i can get an offer any day on my property at 30% below  
> market, i don't need to do an auction for that. the 5 day auction  
> says that at the end you should at least generate fare market value,  
> that's the whole point of its proclaimed success, and thats why  
> people are attracted to it, by the promise of generating a fair  
> market value.  There is nothing successful about being low balled  
> and now being pressured into selling it at that price, like this  
> woman below was describing. if that happened to me after all the  
> effort and work of organizing an auction, i would as well be pretty  
> disspointed.  but then again, may be for you Kyle, selling at a low  
> ball price is a success, i just can't see it how its a success for  
> most people.
>
> --- On Tue, 5/19/09, Kyle Cascioli  
> <real.estate.professor at hotmail.com> wrote:
>
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:29 PM
>
> If the process generated an offer where none was generated before,  
> then by definition "it worked."
>
> The market spoke to you , but you didn;t like what it had to say.   
> You are not alone.
>
> Best luck moving forward.
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
> > Date: Sun, 17 May 2009 22:31:43 -0400
> > From: patrycja at MIT.EDU
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] Did the Open House this weekend and bidding
> >
> > Hi,
> >
> > My husband and I did everything by the book. We live and own a  
> condo in
> > Cambridge, MA which is still a good market. Got over 25 calls and  
> over 60
> > different people in 2 days. We just finished the bidding at 280K  
> which is way
> > below the market price for a condo in Cambridge of the kind we  
> are  selling -
> > the lowest one can expect for this is 320K, the average is like  
> $350K. Most
> > people who came in were looking for a bargain, they were smart but  
> they just
> > could not get over the enormous price difference jump from 174,500  
> which we
> > listed it at. There is something wrong here when the top bidder is  
> a real
> > estate agent who is now pressuring us to sell it to him b/c he  
> knows it is way
> > under market value.
> >
> > The method does not work and it needs serious tweaks. It was an  
> enormously
> > draining experience for us.
> >
> > Please keep this in mind.
> > Patricia and Dmitry
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman..howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> Insert movie times and more without leaving Hotmail?. See how.
>
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From macycles at yahoo.com  Tue May 19 09:41:12 2009
From: macycles at yahoo.com (M A)
Date: Tue, 19 May 2009 06:41:12 -0700 (PDT)
Subject: [5-DayForum] not so fast
Message-ID: <194738.96617.qm@web59707.mail.ac4.yahoo.com>

or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:

From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM


#yiv1137268355 #yiv1468797507 .hmmessage P
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The key is to understand that there may always be Investors bidding hoping to get a deal. ?It's natural because the "low ballers" are searching for an exceptional deal. ?But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process. ?If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.The actual market value is only determined by the most recent comparable sales. ?That means real buyers have recently paid those prices forsimilar properties. ?If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value.?
Carlos A. ChicaSky High Planning, Inc.7380 Sand Lake Rd. ?#500Orlando, FL ?32819Office: ?(407) 352-3220Fax: ? ? ?(407) 738-4816Cell: ? ? ?(646) 552-0107skyhighplanning at gmail.com
Coming Soon:
www.SKYHIGHPLANNING.com
"It's kind of Fun to do the Impossible"
?- ?Walt Disney
On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:

you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.? i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT? bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a? customer who is going to expect to pay you 2 pennies not a few
 dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM




Market's are not fair.? I don't believe?Bill uses the term "fair market?value."

?

If you have a successful?pre-5?Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers..

?

Auctioning is nothing new.? Our entire economy is based on the principle.? This is why we auction of T-Bills.

?

We would all need to know more about the specifics of your?property, market, sub-market, etc., to know why you achieved the result that you did.

?

We want your feedback, understand your disappointment, but question your belief that the method doesn't work.? It does work.? It just didn't work for you given your expectation on a given day.? Why do you think it didn't work for you that day?

?

Best, 

?

Kyle Cascioli

www.AuctionBySeller.com 

?


?


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course? it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.? There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.? but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM




If the process?generated an offer where none was?generated before, then by definition "it worked."
?
The market spoke to you , but you?didn;t like what it had to say.? You are not alone.
?
Best luck moving forward.
?
Kyle Cascioli
www.AuctionBySeller.com ?
?
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are
 selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From go.jelinco at gmail.com  Tue May 19 09:50:51 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Tue, 19 May 2009 08:50:51 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
	<20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
	<BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
	<60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com>
	<BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
Message-ID: <60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>

Kyle,

I think that you are not answering the question (or I am misunderstanding).
How can anyone find out how much is owed presently on any loan.  If the
homeowner is putting an extra $2000 onto the principle monthly or came into
money and put a lump sum of $50,000...how would you know?  Will the title
company give you the present balance owed?

Thanks,
Linda


On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli <
real.estate.professor at hotmail.com> wrote:

>  Linda:
>
> Here in Colorado we have a public trustee that holds all deeds in trust.
>
> In most states, you can go online at the County Assessor's website and look
> up the property by parcel number or address.  Since there is a lag to debt
> and liens being recorded, it is best to go down to the assessors office and
> ask to see the file for any "pending" liens, etc.
>
> The easiest way to get this information is to call a title company and ask
> them to run a title report.  Most will do it for free or a small fee.
>
> Good luck,
>
> Kyle Cascioli
> www.AuctionByBuilder.com
>
> ------------------------------
> Date: Mon, 18 May 2009 07:46:24 -0500
>
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems
>
> Kyle,
>
> If there is some way that you know of where buyers can find out exactly
> what is owed on a property, please let us know how.
>
> Thanks,
> Linda
>
> On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <
> real.estate.professor at hotmail.com> wrote:
>
> What is owed on a property is a matter of public record and buyers can
> learn of that if they know how to research it.
>
> Kyle Cascioli
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>
> > Date: Thu, 14 May 2009 22:01:43 -0500
> > From: go.jelinco at gmail.com
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: Re: [5-DayForum] Price very low - problems
>
> >
> > They can't know what you owe...they can only speculate based on the
> > original loan amount that they calculated ...and they are guessing
> > that you haven't put any extra money toward the principle. They can't
> > call your bank and find out what the balance is. The bank can not
> > discuss your account with anyone but you without written permission.
> > It's really none of their business...and behaving badly just proves
> > that they are interested as well as confused. Hold strong.
> >
> > Hope this helps,
> > Linda
> >
> > On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > > Hi,
> > >
> > > Regarding the price being slightly less than half of what we expect.
> > >
> > > Well, we have it listed on craigslist for the Boston area and people
> here
> > > have
> > > actually been looking up our house and mortgage on it and we have had
> > > several
> > > people email us and say that since the listing price is lower than the
> > > mortgage
> > > - it sounds very suspicious and that it is misrepresentation.
> Especially
> > > since
> > > they know that the price listed is less than what's still owed to the
> bank.
> > >
> > > People here in Boston are quite aggressive and they are actually
> getting
> > > upset
> > > at us listing at a price that is not what we are willing to sell the
> > > house for.
> > > We have had more than one call about it.
> > >
> > > Just thought you may want to know, I am actually getting worried about
> > > our open
> > > house and how much of that we'll have to face.
> > >
> > > Thanks,
> > > patricia
> > >
> > >
> > >
> > >
> > > _______________________________________________
> > > 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
>
>  ------------------------------
> Insert movie times and more without leaving Hotmail?. See how.<http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
> ------------------------------
> Hotmail? has ever-growing storage! Don?t worry about storage limits. Check
> it out.<http://windowslive.com/Tutorial/Hotmail/Storage?ocid=TXT_TAGLM_WL_HM_Tutorial_Storage1_052009>
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From ggreier at hughes.net  Tue May 19 09:59:28 2009
From: ggreier at hughes.net (Gary Greier)
Date: Tue, 19 May 2009 09:59:28 -0400
Subject: [5-DayForum] Getting Nervous
Message-ID: <007801c9d88a$0ed42380$2c7c6a80$@net>

Hi Sean,

                  Yes I did say we know what our house is worth on the
market. We know this because the builder in the area (who sold us the lot
only) walked through it and claims he knew right away what we can get for it
even though it is unique. He was pretty sure of himself because of all the
other houses he sold in the area and what people are after in a house. This
is the value we took and cut it in half for the ad. I am finding out that
the neighbours in the area found out that we are selling and want to attend
the open house and bid. It is a hard decision to find its real value. It is
only worth what someone is willing to pay we know that. We really hope we
are doing the right thing here as this method is very unconventional. You
will be kept posted as we progress.

 

Gary

 

 

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From skyhighplanning at gmail.com  Tue May 19 10:03:51 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Tue, 19 May 2009 10:03:51 -0400
Subject: [5-DayForum] not so fast
In-Reply-To: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
Message-ID: <1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>

Once the bidding begins.  They will bid up to get the home & it will  
not matter how low others started bidding.  You have to understand  
that this has worked for others & it could work for you.  I agree with  
Kyle, there could be several factors that caused the disappointing  
results.  You have to be clear on what it takes & avoid many common  
mistakes that will decrease chances of getting the buyers you need.   
If you can convince people that the home will be sold Sunday night &  
your marketing is strong then those owner occupant buyers will do  
anything possible to get the home.

Carlos A. Chica
Investor, Real Estate Solutions Co.
646-552-0107

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:

> or... when you offer your house at crazy low price, the real buyers  
> who actually fell in love with your house, get a quick eduction from  
> low ballers that come to the auction and refuse to pay fair market  
> value, because they don't want to look stupid and overbid seeing  
> that the low ballers are offering little to nothing.
>
>
>
>
>
>
> --- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:
>
> From: SKY HIGH <skyhighplanning at gmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Tuesday, May 19, 2009, 1:30 PM
>
> The key is to understand that there may always be Investors bidding  
> hoping to get a deal.  It's natural because the "low ballers" are  
> searching for an exceptional deal.  But you need to be concerned  
> with the two or three buyers that fall in love with the property &  
> will pay as close to market value as you can get them to through the  
> bidding process.  If you only are getting buyers who aren't  
> motivated enough to pay market value then it's very possible that  
> the marketing could use some work.
> The actual market value is only determined by the most recent  
> comparable sales.  That means real buyers have recently paid those  
> prices forsimilar properties.  If you only get low offers that means  
> your either unclear about curret market value or the buyers were  
> trying to buy under market value.
> Carlos A. Chica
> Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
> skyhighplanning at gmail.com
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:
>
>> you know "fair market value" and "true market value" are all a  
>> matter of semantics actually. the honest reason WHY people are  
>> attracted to the system is because they are looking for "FAIR"  
>> market value, at least that was my reason for it.  i don't believe  
>> there is such a thing as true market value per se. you get a bunch  
>> of low ballers together, and they will NOT  bid up to fair market  
>> value, only true market value for them, and thats never true  
>> because its not true for all parties concerned, thats why the  
>> sellers are disspointed. so you have to question, wether the  
>> auction system attracts low ballers and not real buyers... its kind  
>> of like what you put out in the world, if you are going to dress up  
>> like a 2 penny whore but expect to be paid a few dollars, you are  
>> going to attract a  customer who is going to expect to pay you 2  
>> pennies not a few dollars.
>>
>> --- On Tue, 5/19/09, Kyle Cascioli  
>> <real.estate.professor at hotmail.com> wrote:
>>
>> From: Kyle Cascioli <real.estate.professor at hotmail.com>
>> Subject: Re: [5-DayForum] not so fast
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Date: Tuesday, May 19, 2009, 12:57 PM
>>
>> Market's are not fair.  I don't believe Bill uses the term "fair  
>> market value."
>>
>> If you have a successful pre-5 Day Sale marketing campaign and a  
>> sufficient base of owner-buyer bidders you will get "true market"  
>> offers.
>>
>> Auctioning is nothing new.  Our entire economy is based on the  
>> principle.  This is why we auction of T-Bills.
>>
>> We would all need to know more about the specifics of your  
>> property, market, sub-market, etc., to know why you achieved the  
>> result that you did.
>>
>> We want your feedback, understand your disappointment, but question  
>> your belief that the method doesn't work.  It does work.  It just  
>> didn't work for you given your expectation on a given day.  Why do  
>> you think it didn't work for you that day?
>>
>> Best,
>>
>> Kyle Cascioli
>> www.AuctionBySeller.com
>>
>>
>>
>> Date: Tue, 19 May 2009 05:49:15 -0700
>> From: macycles at yahoo.com
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Subject: [5-DayForum] not so fast
>>
>> that does not make sense what you said Kyle, of course  it  
>> generated an offer. i can get an offer any day on my property at  
>> 30% below market, i don't need to do an auction for that. the 5 day  
>> auction says that at the end you should at least generate fare  
>> market value, that's the whole point of its proclaimed success, and  
>> thats why people are attracted to it, by the promise of generating  
>> a fair market value.  There is nothing successful about being low  
>> balled and now being pressured into selling it at that price, like  
>> this woman below was describing. if that happened to me after all  
>> the effort and work of organizing an auction, i would as well be  
>> pretty disspointed.  but then again, may be for you Kyle, selling  
>> at a low ball price is a success, i just can't see it how its a  
>> success for most people.
>>
>> --- On Tue, 5/19/09, Kyle Cascioli  
>> <real.estate.professor at hotmail.com> wrote:
>>
>> From: Kyle Cascioli <real.estate.professor at hotmail.com>
>> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> Date: Tuesday, May 19, 2009, 12:29 PM
>>
>> If the process generated an offer where none was generated before,  
>> then by definition "it worked."
>>
>> The market spoke to you , but you didn;t like what it had to say.   
>> You are not alone.
>>
>> Best luck moving forward.
>>
>> Kyle Cascioli
>> www.AuctionBySeller.com
>>
>> > Date: Sun, 17 May 2009 22:31:43 -0400
>> > From: patrycja at MIT.EDU
>> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
>> > Subject: [5-DayForum] Did the Open House this weekend and bidding
>> >
>> > Hi,
>> >
>> > My husband and I did everything by the book. We live and own a  
>> condo in
>> > Cambridge, MA which is still a good market. Got over 25 calls and  
>> over 60
>> > different people in 2 days. We just finished the bidding at 280K  
>> which is way
>> > below the market price for a condo in Cambridge of the kind we  
>> are selling -
>> > the lowest one can expect for this is 320K, the average is like  
>> $350K. Most
>> > people who came in were looking for a bargain, they were smart  
>> but they just
>> > could not get over the enormous price difference jump from  
>> 174,500 which we
>> > listed it at. There is something wrong here when the top bidder  
>> is a real
>> > estate agent who is now pressuring us to sell it to him b/c he  
>> knows it is way
>> > under market value.
>> >
>> > The method does not work and it needs serious tweaks. It was an  
>> enormously
>> > draining experience for us.
>> >
>> > Please keep this in mind.
>> > Patricia and Dmitry
>> >
>> >
>> >
>> >
>> > _______________________________________________
>> > 5-DayForum mailing list
>> > 5-DayForum at mailman..howtosellyourhomein5days.com
>> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>> Insert movie times and more without leaving Hotmail?. See how.
>>
>> -----Inline Attachment Follows-----
>>
>> _______________________________________________
>> 5-DayForum mailing list
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
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From sean at folkson.com  Tue May 19 10:52:01 2009
From: sean at folkson.com (Sean Folkson)
Date: Tue, 19 May 2009 16:52:01 +0200
Subject: [5-DayForum]  Getting Nervous
Message-ID: <200905191453.n4JErdb8028516@intel1.peregrinehw.com>

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From jcrafor at hotmail.com  Tue May 19 10:54:40 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 19 May 2009 14:54:40 +0000
Subject: [5-DayForum] Has anyone tried the method with a HIGHER
	starting	price?
In-Reply-To: <eff2c1030905190555j3f4e8ccnc6d19cb731e32f42@mail.gmail.com>
References: <eff2c1030905190555j3f4e8ccnc6d19cb731e32f42@mail.gmail.com>
Message-ID: <SNT116-W25F38FBCF4ED0344048358AE5B0@phx.gbl>


Last week I advertised my house at below market, and there were NO responses. I used internet only. I dropped the listed price by 12K, and there were STILL NO responses. This is a nice 15 yo entry level home, well cared for, in good condition, good curb appeal...

I am preparing now to get it listed on Realtor.com and the mls at fair market value.

JCrafor
 


Date: Tue, 19 May 2009 08:55:03 -0400
From: ddabiz at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone tried the method with a HIGHER starting price?


Would this help bring REAL buyers?  It seems it would get the real bidding price up closer to the market value.
 
If I had advertised at $395K (still WAY under valued here) instead of $295K, perhaps the top bid would have been $525 or $550...
 
I do agree w/ everyone who says MOST of the people who saw my extremely low price can't afford what I really need/want or they are bottom feeders looking to buy low and sell better - looking for a distress sale..
 
Debi


On Tue, May 19, 2009 at 8:36 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


Yes ... check out the video documentary and free case studies on:
 
www.AuctionBySeller.com
www.AuctionByAgent.com 
www.AuctionByBuilder.com 
 
Kyle Cascioli
Denver, Colorado
 


Date: Mon, 18 May 2009 07:31:14 -0700
From: joanvickers13 at yahoo.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone out there sold their home using this method? 






Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers





From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
 

----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 Dac Colden 






From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI





From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 



_______________________________________________
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
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From macycles at yahoo.com  Tue May 19 11:11:03 2009
From: macycles at yahoo.com (M A)
Date: Tue, 19 May 2009 08:11:03 -0700 (PDT)
Subject: [5-DayForum] Has anyone tried the method with a HIGHER starting
	price?
Message-ID: <588842.81107.qm@web59706.mail.ac4.yahoo.com>

i spoke with a broker yesterday, and she told me she doesn't get much of a response from realtor.com, not worth paying the money for it, but she did say MLS is a much better place to advertise it.? So i got her to list my property on realtor.com anyways but she is paying for it, hence there will be her contact number on that listing... will see how it goes..

--- On Tue, 5/19/09, j crafor <jcrafor at hotmail.com> wrote:

From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Has anyone tried the method with a HIGHER starting price?
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 2:54 PM




#yiv16070382 .hmmessage P
{
margin:0px;padding:0px;}
#yiv16070382 {
font-size:10pt;font-family:Verdana;}

Last week I advertised my house at below market, and there were NO responses. I used internet only.. I dropped the?listed price by 12K, and there?were STILL?NO responses. This is a nice 15 yo entry level home, well cared for, in good condition, good curb appeal...

I am preparing now to get it listed on Realtor.com and the mls at?fair market value.

JCrafor
?


Date: Tue, 19 May 2009 08:55:03 -0400
From: ddabiz at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone tried the method with a HIGHER starting price?


Would this help bring REAL buyers?? It seems it would get the real bidding price up closer to the market value.
?
If I had advertised at $395K (still WAY under valued here)?instead of $295K, perhaps the top bid would have been $525 or $550...
?
I do agree w/ everyone who says MOST of the people who saw my extremely low price can't afford what?I really need/want or they are bottom feeders looking to buy low and sell better -?looking for a distress sale..
?
Debi


On Tue, May 19, 2009 at 8:36 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


Yes ... check out the?video documentary and free case studies on:
?
www.AuctionBySeller.com
www.AuctionByAgent.com 
www.AuctionByBuilder.com 
?
Kyle Cascioli
Denver, Colorado
?


Date: Mon, 18 May 2009 07:31:14 -0700
From: joanvickers13 at yahoo.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone out there sold their home using this method? 






Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers





From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
?

----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage.. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

?Dac Colden 






From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.? We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.? We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.? We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper??? 0
Craigslist?????? 36
Radio Show???? 1
Bulletin Board? 1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter?? 269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

?Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI





From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
?
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know... 
?
Best of luck.
?
Jp
?


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors..? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
?
Keep us posted on what you decide.? I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I?really want to try this on listings and my own home.. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days.com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
?
?



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




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From jcrafor at hotmail.com  Tue May 19 11:15:37 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 19 May 2009 15:15:37 +0000
Subject: [5-DayForum] Has anyone tried the method with a HIGHER
	starting	price?
In-Reply-To: <588842.81107.qm@web59706.mail.ac4.yahoo.com>
References: <588842.81107.qm@web59706.mail.ac4.yahoo.com>
Message-ID: <SNT116-W519DDA4D6CE3AAAC57026EAE5B0@phx.gbl>


Did she list for a flat fee, or does she get a commission on either or both? Then there is the buyers agents commission. Are you expecting to get 6% less than the list price, or closer to 3% (commission for the buyers rep)?

JCrafor
 


Date: Tue, 19 May 2009 08:11:03 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Has anyone tried the method with a HIGHER starting price?





i spoke with a broker yesterday, and she told me she doesn't get much of a response from realtor.com, not worth paying the money for it, but she did say MLS is a much better place to advertise it..  So i got her to list my property on realtor.com anyways but she is paying for it, hence there will be her contact number on that listing... will see how it goes..

--- On Tue, 5/19/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Has anyone tried the method with a HIGHER starting price?
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 2:54 PM




Last week I advertised my house at below market, and there were NO responses. I used internet only. I dropped the listed price by 12K, and there were STILL NO responses. This is a nice 15 yo entry level home, well cared for, in good condition, good curb appeal...
I am preparing now to get it listed on Realtor.com and the mls at fair market value.
JCrafor
 


Date: Tue, 19 May 2009 08:55:03 -0400
From: ddabiz at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone tried the method with a HIGHER starting price?


Would this help bring REAL buyers?  It seems it would get the real bidding price up closer to the market value.
 
If I had advertised at $395K (still WAY under valued here) instead of $295K, perhaps the top bid would have been $525 or $550...
 
I do agree w/ everyone who says MOST of the people who saw my extremely low price can't afford what I really need/want or they are bottom feeders looking to buy low and sell better - looking for a distress sale..
 
Debi


On Tue, May 19, 2009 at 8:36 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


Yes ... check out the video documentary and free case studies on:
 
www.AuctionBySeller.com
www.AuctionByAgent.com 
www.AuctionByBuilder.com 
 
Kyle Cascioli
Denver, Colorado
 


Date: Mon, 18 May 2009 07:31:14 -0700
From: joanvickers13 at yahoo.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone out there sold their home using this method? 






Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers





From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
 

----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 Dac Colden 






From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI





From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
 
Keep us posted on what you decide.  I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days..com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
 
 



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From macycles at yahoo.com  Tue May 19 11:20:35 2009
From: macycles at yahoo.com (M A)
Date: Tue, 19 May 2009 08:20:35 -0700 (PDT)
Subject: [5-DayForum] Has anyone tried the method with a HIGHER starting
	price?
Message-ID: <461538.94147.qm@web59715.mail.ac4.yahoo.com>

she charges 2%? commision on the seller side only. i have been working with her for about a month. 

--- On Tue, 5/19/09, j crafor <jcrafor at hotmail.com> wrote:

From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Has anyone tried the method with a HIGHER starting price?
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 3:15 PM




#yiv157244592 .hmmessage P
{
margin:0px;padding:0px;}
#yiv157244592 {
font-size:10pt;font-family:Verdana;}

Did she list for a flat fee, or does she get a commission on either or both? Then there is the buyers?agents commission.?Are you expecting to get 6% less than the list price, or?closer to 3% (commission for the buyers rep)?

JCrafor
?


Date: Tue, 19 May 2009 08:11:03 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Has anyone tried the method with a HIGHER starting price?





i spoke with a broker yesterday, and she told me she doesn't get much of a response from realtor.com, not worth paying the money for it, but she did say MLS is a much better place to advertise it..? So i got her to list my property on realtor.com anyways but she is paying for it, hence there will be her contact number on that listing... will see how it goes..

--- On Tue, 5/19/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Has anyone tried the method with a HIGHER starting price?
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 2:54 PM




#yiv157244592 .ExternalClass #EC_yiv16070382 .EC_hmmessage P
{padding:0px;}
#yiv157244592 .ExternalClass #EC_yiv16070382
{font-size:10pt;font-family:Verdana;}

Last week I advertised my house at below market, and there were NO responses. I used internet only. I dropped the?listed price by 12K, and there?were STILL?NO responses. This is a nice 15 yo entry level home, well cared for, in good condition, good curb appeal...
I am preparing now to get it listed on Realtor.com and the mls at?fair market value.
JCrafor
?


Date: Tue, 19 May 2009 08:55:03 -0400
From: ddabiz at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone tried the method with a HIGHER starting price?


Would this help bring REAL buyers?? It seems it would get the real bidding price up closer to the market value.
?
If I had advertised at $395K (still WAY under valued here)?instead of $295K, perhaps the top bid would have been $525 or $550...
?
I do agree w/ everyone who says MOST of the people who saw my extremely low price can't afford what?I really need/want or they are bottom feeders looking to buy low and sell better -?looking for a distress sale..
?
Debi


On Tue, May 19, 2009 at 8:36 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


Yes ... check out the?video documentary and free case studies on:
?
www.AuctionBySeller.com
www.AuctionByAgent.com 
www.AuctionByBuilder.com 
?
Kyle Cascioli
Denver, Colorado
?


Date: Mon, 18 May 2009 07:31:14 -0700
From: joanvickers13 at yahoo.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Has anyone out there sold their home using this method? 






Hi Everyone,
I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.
Joan Vickers





From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.
Thanks
Rosemarie - occasional seller
?

----- Original Message ----- 
From: Damian Colden 
To: How To Sell Your Home in 5-Days 
Sent: Saturday, May 16, 2009 7:30 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage.. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

?Dac Colden 






From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.? We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.? We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.? We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper??? 0
Craigslist?????? 36
Radio Show???? 1
Bulletin Board? 1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter?? 269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

?Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI





From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
?
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know... 
?
Best of luck.
?
Jp
?


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors..? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."
?
Keep us posted on what you decide.? I think we could be on to something!
Good Luck!
Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 
I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 
Thanks so much, I hope you can answer, I?really want to try this on listings and my own home.. 
Joan Vickers





From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

----- Original Message ----- 
From: rosemarie-fred 
To: How To Sell Your Home in 5-Days 
Sent: Wednesday, May 13, 2009 10:24 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)
Rosemarie

----- Original Message ----- 
From: Patrycja Vasilyev Missiuro 
To: 5-dayforum at howtosellyourhomein5days..com 
Sent: Wednesday, May 13, 2009 3:29 PM
Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low


Can a buyer sue b/c we decide not to sell b/c the price is too low?
?
?



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From lbicon at aol.com  Tue May 19 11:25:12 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Tue, 19 May 2009 11:25:12 -0400
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <BLU122-W27371EB8236825DA8E370CB45B0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
	<8CBA553ABE3228D-1274-52C3@WEBMAIL-MA21.sysops.aol.com>
	<BLU122-W27371EB8236825DA8E370CB45B0@phx.gbl>
Message-ID: <8CBA6AD22C7256E-118-22B6@WEBMAIL-DZ29.sysops.aol.com>

Kyle, 

The information is the same in most states but it is stale the day after the deed is recorded. The question is how much current debt, not how much the original note was for. If the note is more than a few month old anything could have happened. 

Regards,

Conrad


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 5:26 am
Subject: Re: [5-DayForum] Price very low - problems


Conrad:
?
In Colorado - and most other states - secured creditors are paid in order of priority.
?
As such, any creditor whose debt is secured by a home as collateral, will record the debt and it will eventually be reflected in the public records.??
?
Kyle Cascioli
www.AuctionByAgent.com 
?
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Sun, 17 May 2009 18:12:16 -0400
From: lbicon at aol.com
Subject: Re: [5-DayForum] Price very low - problems

The public records show how much was originally/subsequently was?borrowed and the recording of the deed attached to the loan. The public records do not show how much is owed on the property currently. That can only be determined from credit reports.

Conrad Kuiken?


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Sun, 17 May 2009 6:45 am
Subject: Re: [5-DayForum] Price very low - problems


What is?owed on a?property is a matter of public record and buyers can learn of
 that if they know how to research it.
?
Kyle Cascioli
www.AuctionBySeller.com 
?
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems
> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out w hat the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price=2
0that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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 May 19 11:28:08 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 10:28:08 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
	<20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
	<BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
	<60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com>
	<BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl> 
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
Message-ID: <BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>


Title company will call mortgagee for payoff.  You can do the same.

 

KC
 


Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstanding).  How can anyone find out how much is owed presently on any loan.  If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?  Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


Linda:
 
Here in Colorado we have a public trustee that holds all deeds in trust.
 
In most states, you can go online at the County Assessor's website and look up the property by parcel number or address.  Since there is a lag to debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
 
The easiest way to get this information is to call a title company and ask them to run a title report.  Most will do it for free or a small fee.
 
Good luck,
 
Kyle Cascioli
www.AuctionByBuilder.com 
 


Date: Mon, 18 May 2009 07:46:24 -0500



From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 



> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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 vasilyev at MIT.EDU  Tue May 19 11:42:12 2009
From: vasilyev at MIT.EDU (Dmitry Missiuro Vasilyev)
Date: Tue, 19 May 2009 11:42:12 -0400
Subject: [5-DayForum] Has anyone out there sold
	their	home	using	thismethod?
In-Reply-To: <BLU122-W17F7A0B52591F857165057B45B0@phx.gbl>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
	<026d01c9d7ca$fa6e0650$ef4a12f0$@edu>
	<BLU122-W17F7A0B52591F857165057B45B0@phx.gbl>
Message-ID: <03d101c9d898$63ea0700$2bbe1500$@edu>

Kyle,

 

I am sorry but this is not an acceptable answer. You are trying to cover the
fact that the method worked not as expected, by saying "market responded to
you". You could have said exactly the same words even in the case if I got a
top offer being 50% of the market price as a result of the auction. 

 

If you call the sell at 80% of the market value "the method works" - good
for you. For me, this method does not work, because I have different success
criteria. I expect to sell the property closer to the market value. 

 

The fact is - the ad brought to me a crowd, with one-third of the people who
cannot afford the property, another two-thirds were bargain hunters,
psychologically not prepared to pay anything close to the fair market price.
I am sure that if I would have advertised it closer to the real numbers, I
would have gotten more motivated people. 

 

- Dmitry.

 

 

 

 

 

From:
5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days
.com] On Behalf Of Kyle Cascioli
Sent: Tuesday, May 19, 2009 8:47 AM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Has anyone out there sold their home using
thismethod?

 

Dmitry:
 
Each cse is different.  Maybe you could have had a better pre-5 Day Sale
marketing plan, maybe you picked a bad weekend, maybe your opinion of market
value was off, maybe you only had investors looking at your property instead
of owner-buyers, etc., et al.
 
Every property has a defect and every real estate project has a design flaw.
In good markets they don't have as a detrimental impact on market value as
they do in bad markets.  This is a bad market.  A once in a century price
correction event.
 
Real estate cycles follow business cycles, if you think that we are at the
bottom of the business cycle then hang on to your property.  If you think it
will sell using traditional methods then do so.
 
Bill's method works all the time.  You may not like the result, you may have
done it differently, but you got an offer.  The market spoke to you.  Bad
day for the market.  Real estate is a commodity and now it's pricing
behavior is more reflective of the stock market than the stability we used
to know.
 
Just be glad your not trying to sell a condo in Florida, Las Vegas, or
Pheonix.
 
Good luck, 
 
Kyle Cascioli
www.AuctionBySeller.com   
 

  _____  

From: vasilyev at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 11:11:52 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using
thismethod?

Honestly, I think that this method does not work as it is described, at
least here in MA. It's a waste of time. The reason is in people's mentality:
a person (even a super-serious buyer) coming to the place advertised for
175K would never bid $310 - even if this is way below the market price. This
is something called buyer's psychology. The buyer is not aiming at this
price range. 

 

We have tried this method in the best effort possible, and failed miserably,
for the above mentioned reason. Again, buyers were serious and very
knowledgeable. Maybe, to make this work, you need, on contrary, irrational
and emotional buyers? 

 

- Dmitry.

 

 

 

 

From:
5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com
[mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days
.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using
thismethod?

 

Well, I think my husband and I did market aggressively. We had approx 70
parties come by and 47 bidders on our list by Sunday at 6pm.

 

I suspect that the problem is that the listing price was just way too low.
Everyone who came in, had in mind that yes, it may go for maybe 50% more but
not 100% more. In the end, the price is way below market value, and any real
estate agent knows it (especially the one who was bidding and right now is
the top bidder).

 

Thanks,

Patricia & Dmitry

 

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

From: SKY HIGH <mailto:skyhighplanning at gmail.com>  

To: How To Sell Your Home
<mailto:5-dayforum at mailman.howtosellyourhomein5days.com>  in 5-Days 

Sent: Monday, May 18, 2009 10:47 AM

Subject: Re: [5-DayForum] Has anyone out there sold their home using
thismethod?

 

Yes.  The thing is that most succesful sellers don't bother mentioning their
story.  This method works as long as you are aware of current market values
(recent sales comparable) & you market aggressively.

Carlos A. Chica 

Sky High Planning, Inc.

7380 Sand Lake Rd.  #500

Orlando, FL  32819

Office:  (407) 352-3220

Fax:      (407) 738-4816

Cell:      (646) 552-0107

skyhighplanning at gmail.com

 

Coming Soon:

 

www.SKYHIGHPLANNING.com <http://www.skyhighplanning.com/> 

 

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

 

 -  Walt Disney


On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:

Hi Everyone,

I have been reading this forum for about a week. All I hear about are
failures. Has anyone sold their homes using this method? I am in real estate
and would very much like to do this for my clients.

Joan Vickers

 


  _____  


From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c
thepriceistoo low

A reminder, please - change the subject when you change the subject! This
subject has been going around for days, and most of the messages are about
something else entirely. Once upon a time we asked everyone to head the
subject with the date and city of their sale, if that was upcoming. That is
helpful. Otherwise, please just write a subject that makes sense to you.
That way it creats a new thread in the archives and the discussion will be
relevant when folks look it up.

Thanks

Rosemarie - occasional seller

 

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

From: Damian Colden <mailto:damian_colden at yahoo.com>  

To: How To Sell Your Home
<mailto:5-dayforum at mailman.howtosellyourhomein5days.com>  in 5-Days 

Sent: Saturday, May 16, 2009 7:30 AM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c
thepriceistoo low

 

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage.
I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 

Dac Colden 

 

 


  _____  


From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
priceistoo low

Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo
Gazette since Wed and have not received on phone call.  We also advertised
on Craigslist starting Wed. We received 25 emails wed and a total of 36 by
10 pm Fri.  We also received one from a free radio call in show and one from
a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
priceistoo low

John - 

Add me to your list for the details on how you have adjusted the system for
your clients. 

Thanks in advance for the information.

 

Dac Colden 

Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI

 


  _____  


From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day
sale in my area for awhile now. It works extremely well in a slow market and
has produced terrific results for many of my clients. This is a great
system, there are a few adjustments that must be made, however, we have it
down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my
variation of it, just let me know... 
 
Best of luck.
 
Jp
 


  _____  


Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
priceistoo low


Joan - I also am a Real Estate Broker (new to the biz) and like you, I see
some potential for this method even for Realtors.  I think MLS is critical
to success and I am trying to see how the listing would look for a 5-Day
Sale.  I also agree with you, not sure how to handle the "By Owner" thing,
altho I suspect the real draw (in advertising) is the price (well below
expected value) and a little less critical is the "By Owner."

 

Keep us posted on what you decide.  I think we could be on to something!

Good Luck!

Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
priceistoo low
To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM

Hello, 

I am a real estate agent. In the book it stated that agents could use the 5
day method. The book has not said how to do it. Also, on the add what do I
put where it says "By Owner"? 

Thanks so much, I hope you can answer, I really want to try this on listings
and my own home. 

Joan Vickers

 


  _____  


From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days
<5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
priceistoo low

Plus, it should be clear that no one, buyer or seller is obligated at any
time. That should be stated clearly in the rules.

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

From: rosemarie-fred
<http://us.mc536.mail.yahoo.com/mc/compose?to=rosemarie-fred at mindspring.com>


To: How To Sell Your Home
<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyo
urhomein5days.com>  in 5-Days 

Sent: Wednesday, May 13, 2009 10:24 PM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the
priceistoo low

 

Not unless you signed a contract! And they are not buyers until the contract
is signed - just prospects. No one can force you to sign a contract. ( well,
actually anyone can sue anyone about anything, but they won't get a lawyer
to take a case with no contract.)

Rosemarie

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

From: Patrycja Vasilyev Missiuro
<http://us.mc536.mail.yahoo.com/mc/compose?to=patrycja at MIT.EDU>  

To: 5-dayforum at howtosellyourhomein5days.com 

Sent: Wednesday, May 13, 2009 3:29 PM

Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price
istoo low

 

Can a buyer sue b/c we decide not to sell b/c the price is too low?

 

 

  _____  

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From lbicon at aol.com  Tue May 19 11:54:53 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Tue, 19 May 2009 11:54:53 -0400
Subject: [5-DayForum] [AMount owed on property
In-Reply-To: <BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl><60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com><BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
	<BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>
Message-ID: <8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>


Kyle,



The public cannot call mortgage companies for other peoples payoffs. Come on man.



Conrad


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 8:28 am
Subject: Re: [5-DayForum] Price very low - problems



Title company will call mortgagee for payoff.? You can do the same.
?
KC
?
Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstanding).? How can anyone find out how much is owed presently on any loan.? If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?? Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


Linda:
?
Here in Colorado we have a public trustee that holds all deeds in trust.
?
In most states, you can go online?at the County Assessor's website and look up the property by parcel number or address.? Since there is a lag to?debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
?
The easiest way to get this information is to call a title company and ask them to 
run a title report.? Most will do it for free or a small fee.
?
Good luck,
?
Kyle Cascioli
www.AuctionByBuilder.com 
?
Date: Mon, 18 May 2009 07:46:24 -0500 




From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


What is?owed on a?property is a matter of public record and buyers can learn of that if they know how to research it.
?
Kyle Cascioli
www.AuctionBySeller.com 
?
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 




> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding
 the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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  Tue May 19 11:56:17 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Tue, 19 May 2009 11:56:17 -0400
Subject: [5-DayForum] Has anyone out there sold their	home	using
	thismethod?
In-Reply-To: <03d101c9d898$63ea0700$2bbe1500$@edu>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>
	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
	<026d01c9d7ca$fa6e0650$ef4a12f0$@edu>
	<BLU122-W17F7A0B52591F857165057B45B0@phx.gbl>
	<03d101c9d898$63ea0700$2bbe1500$@edu>
Message-ID: <093DA23B-5D86-45D9-906F-A8B91BA4DDB0@gmail.com>

Dmitry,
I believe the confusion is that you can sell your home for higher  
price if you list closer to market value.  Kyle can explain for  
himself but I think he tried to convey that if there were offers  
coming in then that was better than whatever was being done  
previously which brought no offers.  The idea here, and this is  
proven over & over, is that this method will attract the biggest  
crowd when marketing is done properly.  It doesn't matter if that  
crowd consists of investors or even owner occupant buyers that want a  
deal because they are there to create the commotion.  They will start  
bidding & the simple fact that so many people have shown interest  
will make those two or three buyers you are looking for bid more than  
anyone else so they can win the home.

Carlos A. Chica
Investor, Real Estate Solutions Co.
(646) 552-0107


Coming Soon:
www.SKYHIGHPLANNING.com

"It's kind of Fun to do the Impossible"
-Walt Disney




On May 19, 2009, at 11:42 AM, Dmitry Missiuro Vasilyev wrote:

> Kyle,
>
>
>
> I am sorry but this is not an acceptable answer. You are trying to  
> cover the fact that the method worked not as expected, by saying  
> ?market responded to you?. You could have said exactly the same  
> words even in the case if I got a top offer being 50% of the market  
> price as a result of the auction.
>
>
>
> If you call the sell at 80% of the market value ?the method works?  
> ? good for you. For me, this method does not work, because I have  
> different success criteria. I expect to sell the property closer to  
> the market value.
>
>
>
> The fact is ? the ad brought to me a crowd, with one-third of the  
> people who cannot afford the property, another two-thirds were  
> bargain hunters, psychologically not prepared to pay anything close  
> to the fair market price. I am sure that if I would have advertised  
> it closer to the real numbers, I would have gotten more motivated  
> people.
>
>
>
> - Dmitry.
>
>
>
>
>
>
>
>
>
>
>
> From: 5-dayforum-bounces 
> +vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5- 
> dayforum-bounces 
> +vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf  
> Of Kyle Cascioli
> Sent: Tuesday, May 19, 2009 8:47 AM
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Has anyone out there sold their home  
> using thismethod?
>
>
>
> Dmitry:
>
> Each cse is different.  Maybe you could have had a better pre-5 Day  
> Sale marketing plan, maybe you picked a bad weekend, maybe your  
> opinion of market value was off, maybe you only had investors  
> looking at your property instead of owner-buyers, etc., et al.
>
> Every property has a defect and every real estate project has a  
> design flaw.  In good markets they don't have as a detrimental  
> impact on market value as they do in bad markets.  This is a bad  
> market.  A once in a century price correction event.
>
> Real estate cycles follow business cycles, if you think that we are  
> at the bottom of the business cycle then hang on to your property.   
> If you think it will sell using traditional methods then do so.
>
> Bill's method works all the time.  You may not like the result, you  
> may have done it differently, but you got an offer.  The market  
> spoke to you.  Bad day for the market.  Real estate is a commodity  
> and now it's pricing behavior is more reflective of the stock  
> market than the stability we used to know.
>
> Just be glad your not trying to sell a condo in Florida, Las Vegas,  
> or Pheonix.
>
> Good luck,
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
>
> From: vasilyev at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Mon, 18 May 2009 11:11:52 -0400
> Subject: Re: [5-DayForum] Has anyone out there sold their home  
> using thismethod?
>
> Honestly, I think that this method does not work as it is  
> described, at least here in MA. It?s a waste of time. The reason is  
> in people?s mentality: a person (even a super-serious buyer) coming  
> to the place advertised for 175K would never bid $310 ? even if  
> this is way below the market price. This is something called  
> buyer?s psychology. The buyer is not aiming at this price range.
>
>
>
> We have tried this method in the best effort possible, and failed  
> miserably, for the above mentioned reason. Again, buyers were  
> serious and very knowledgeable. Maybe, to make this work, you need,  
> on contrary, irrational and emotional buyers?
>
>
>
> - Dmitry.
>
>
>
>
>
>
>
>
>
> From: 5-dayforum-bounces 
> +vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5- 
> dayforum-bounces 
> +vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf  
> Of Patrycja Vasilyev Missiuro
> Sent: Monday, May 18, 2009 10:54 AM
> To: How To Sell Your Home in 5-Days
> Subject: Re: [5-DayForum] Has anyone out there sold their home  
> using thismethod?
>
>
>
> Well, I think my husband and I did market aggressively. We had  
> approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.
>
>
>
> I suspect that the problem is that the listing price was just way  
> too low. Everyone who came in, had in mind that yes, it may go for  
> maybe 50% more but not 100% more. In the end, the price is way  
> below market value, and any real estate agent knows it (especially  
> the one who was bidding and right now is the top bidder).
>
>
>
> Thanks,
>
> Patricia & Dmitry
>
>
>
> ----- Original Message -----
>
> From: SKY HIGH
>
> To: How To Sell Your Home in 5-Days
>
> Sent: Monday, May 18, 2009 10:47 AM
>
> Subject: Re: [5-DayForum] Has anyone out there sold their home  
> using thismethod?
>
>
>
> Yes.  The thing is that most succesful sellers don't bother  
> mentioning their story.  This method works as long as you are aware  
> of current market values (recent sales comparable) & you market  
> aggressively.
>
> Carlos A. Chica
>
> Sky High Planning, Inc.
>
> 7380 Sand Lake Rd.  #500
>
> Orlando, FL  32819
>
> Office:  (407) 352-3220
>
> Fax:      (407) 738-4816
>
> Cell:      (646) 552-0107
>
> skyhighplanning at gmail.com
>
>
>
> Coming Soon:
>
>
>
> www.SKYHIGHPLANNING.com
>
>
>
> "It's kind of Fun to do the Impossible"
>
>
>
>  -  Walt Disney
>
>
> On May 18, 2009, at 10:31 AM, Joan Vickers  
> <joanvickers13 at yahoo.com> wrote:
>
> Hi Everyone,
>
> I have been reading this forum for about a week. All I hear about  
> are failures. Has anyone sold their homes using this method? I am  
> in real estate and would very much like to do this for my clients.
>
> Joan Vickers
>
>
>
> From: rosemarie-fred <rosemarie-fred at mindspring.com>
> To: How To Sell Your Home in 5-Days <5- 
> dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday, May 18, 2009 7:46:07 AM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> thepriceistoo low
>
> A reminder, please - change the subject when you change the  
> subject! This subject has been going around for days, and most of  
> the messages are about something else entirely. Once upon a time we  
> asked everyone to head the subject with the date and city of their  
> sale, if that was upcoming. That is helpful. Otherwise, please just  
> write a subject that makes sense to you. That way it creats a new  
> thread in the archives and the discussion will be relevant when  
> folks look it up.
>
> Thanks
>
> Rosemarie - occasional seller
>
>
>
> ----- Original Message -----
>
> From: Damian Colden
>
> To: How To Sell Your Home in 5-Days
>
> Sent: Saturday, May 16, 2009 7:30 AM
>
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> thepriceistoo low
>
>
>
> Tom -
>
> Got appointments today and tomorrow or I'd make the 2 hour drive to  
> Portage. I think I found one around here to go take a walk through.
>
> Good luck and look forward to hearing about your experience.
>
>
>
> Dac Colden
>
>
>
>
>
> From: "tgarter at comcast.net" <tgarter at comcast.net>
> To: How To Sell Your Home in 5-Days <5- 
> dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Friday, May 15, 2009 9:55:04 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Dac,
> We are holding a 5 day tomorrow.  We had an outstanding ad in the  
> Kalamazoo Gazette since Wed and have not received on phone call.   
> We also advertised on Craigslist starting Wed. We received 25  
> emails wed and a total of 36 by 10 pm Fri.  We also received one  
> from a free radio call in show and one from a bulletin board at  
> Kelloggs where my wife works.
> Newspaper    0
> Craigslist       36
> Radio Show     1
> Bulletin Board  1
>
> If you want to come to our sale, it's Sat and Sun 10-5
> 6488 Evergreen, Portage, Mi 49024
> Tom Garter   269-321-7702
>
>
>
> ----- Original Message -----
> From: "Damian Colden" <damian_colden at yahoo.com>
> To: "How To Sell Your Home in 5-Days" <5- 
> dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> John -
>
> Add me to your list for the details on how you have adjusted the  
> system for your clients.
>
> Thanks in advance for the information.
>
>
>
> Dac Colden
>
> Realtor
> The KatieDidIt! Team
> Keller Williams Realty
> Grand Blanc, MI
>
>
>
> From: John Paul Perez <jpperez100 at msn.com>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Thursday, May 14, 2009 11:45:02 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Joan & Holly,
>
> I am also a Realtor, and I have been conducting sales similar to  
> the 5 day sale in my area for awhile now. It works extremely well  
> in a slow market and has produced terrific results for many of my  
> clients. This is a great system, there are a few adjustments that  
> must be made, however, we have it down to a science and as stated,  
> have done well.
>
> If you would like more details on how I have used this method, or  
> my variation of it, just let me know...
>
> Best of luck.
>
> Jp
>
>
> Date: Thu, 14 May 2009 11:31:39 -0700
> From: hollymac2 at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Joan - I also am a Real Estate Broker (new to the biz) and like  
> you, I see some potential for this method even for Realtors.  I  
> think MLS is critical to success and I am trying to see how the  
> listing would look for a 5-Day Sale.  I also agree with you, not  
> sure how to handle the "By Owner" thing, altho I suspect the real  
> draw (in advertising) is the price (well below expected value) and  
> a little less critical is the "By Owner."
>
>
>
> Keep us posted on what you decide.  I think we could be on to  
> something!
>
> Good Luck!
>
> Holly
>
> --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:
>
>
> From: Joan Vickers <joanvickers13 at yahoo.com>
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
> To: "How To Sell Your Home in 5-Days" <5- 
> dayforum at mailman.howtosellyourhomein5days.com>
> Date: Thursday, May 14, 2009, 4:21 AM
>
> Hello,
>
> I am a real estate agent. In the book it stated that agents could  
> use the 5 day method. The book has not said how to do it. Also, on  
> the add what do I put where it says "By Owner"?
>
> Thanks so much, I hope you can answer, I really want to try this on  
> listings and my own home.
>
> Joan Vickers
>
>
>
> From: bvgore <bvgore at insightbb.com>
> To: How To Sell Your Home in 5-Days <5- 
> dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Wednesday, May 13, 2009 9:22:08 PM
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
> Plus, it should be clear that no one, buyer or seller is obligated  
> at any time. That should be stated clearly in the rules.
>
> ----- Original Message -----
>
> From: rosemarie-fred
>
> To: How To Sell Your Home in 5-Days
>
> Sent: Wednesday, May 13, 2009 10:24 PM
>
> Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c  
> the priceistoo low
>
>
>
> Not unless you signed a contract! And they are not buyers until the  
> contract is signed - just prospects. No one can force you to sign a  
> contract. ( well, actually anyone can sue anyone about anything,  
> but they won't get a lawyer to take a case with no contract.)
>
> Rosemarie
>
> ----- Original Message -----
>
> From: Patrycja Vasilyev Missiuro
>
> To: 5-dayforum at howtosellyourhomein5days.com
>
> Sent: Wednesday, May 13, 2009 3:29 PM
>
> Subject: [5-DayForum] Can someone sue us if we do not sell b/c the  
> price istoo low
>
>
>
> Can a buyer sue b/c we decide not to sell b/c the price is too low?
>
>
>
>
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5- 
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> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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>
>
>
> -----Inline Attachment Follows-----
>
> _______________________________________________ 5-DayForum mailing  
> list 5-DayForum at mailman.howtosellyourhomein5days.com http:// 
> mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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>
>
>
> -----Inline Attachment Follows-----
>
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> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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>
>
> Insert movie times and more without leaving Hotmail?. See how.
>
>
>
> _______________________________________________ 5-DayForum mailing  
> list 5-DayForum at mailman.howtosellyourhomein5days.com http:// 
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From lbicon at aol.com  Tue May 19 12:00:04 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Tue, 19 May 2009 12:00:04 -0400
Subject: [5-DayForum] Has anyone out there sold their home using
	thismethod?
In-Reply-To: <03d101c9d898$63ea0700$2bbe1500$@edu>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64><026d01c9d7ca$fa6e0650$ef4a12f0$@edu><BLU122-W17F7A0B52591F857165057B45B0@phx.gbl>
	<03d101c9d898$63ea0700$2bbe1500$@edu>
Message-ID: <8CBA6B201ED450F-604-829@Webmail-mg04.sim.aol.com>

Dmitry,
The problem that I have seen before is that a lot of people think that Bill's system is "auto pilot". The round robin is a time to "sell" your home. The system doesn't always run itself especially in this market. 

If you are truly motivated to sell your home. Then price it at what you think it is worth today and use all methods to get it sold. Drop "your price by 1-2% every week until sold.

Regards,

Conrad



-----Original Message-----
From: Dmitry Missiuro Vasilyev <vasilyev at MIT.EDU>
To: 'How To Sell Your Home in 5-Days' <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tue, 19 May 2009 8:42 am
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?




Kyle,

?

I am sorry but this is not an acceptable answer. You are trying to cover the fact that the method worked not as expected, by saying ?market responded to you?. You could have said exactly the same words even in the case if I got a top offer being 50% of the market price as a result of the auction. 

?

If you call the sell at 80% of the market value ?the method works? ? good for you. For me, this method does not work, because I have different success criteria. I expect to sell the property closer to the market value. 

?

The fact is ? the ad brought to me a crowd, with one-third of the people who cannot afford the property, another two-thirds were bargain hunters, psychologically not prepared to pay anything close=2
0to the fair market price. I am sure that if I would have advertised it closer to the real numbers, I would have gotten more motivated people. 

?

- Dmitry.

?

?

?

?

?



From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Kyle Cascioli
Sent: Tuesday, May 19, 2009 8:47 AM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?



?

Dmitry:
?
Each cse is different.? Maybe you could have had a better pre-5 Day Sale marketing plan, maybe you picked a bad weekend, maybe your opinion of market value was off, maybe you only had investors looking at your property instead of owner-buyers, etc., et al.
?
Every property has a defect and every real estate project has a design flaw.? In good markets they don't have as a detrimental impact on market value as they do in bad markets.? This is a bad market.? A once in a century price correction event.
?
Real estate cycles follow business cycles, if you think that we are at the bottom of the business cycle then hang on to your property.? If you think?it will sell using traditional methods then do so.
?
Bill's method works all the time.? You may not like the result,?you may have done it differently, but you got an offer.? The market spoke to you.? Bad day for the market.? Real estate 
is a commodity and now it's pricing behavior is more reflective of?the stock market than the stability we used to know.
?
Just be glad your not trying to sell a condo in Florida, Las Vegas, or Pheonix.
?
Good luck, 
?
Kyle Cascioli
www.AuctionBySeller.com ??
?



From: vasilyev at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 11:11:52 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 

?

We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 

?

- Dmitry.

?

?

?

?



From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using t
hismethod?



?


Well, I think my husband and I did market aggressively. We had approx 70 parties come by?and?47 bidders on our list by Sunday at 6pm.



?



I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).



?



Thanks,



Patricia & Dmitry



?




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



From: SKY HIGH 



To: How To Sell Your Home in 5-Days 



Sent: Monday, May 18, 2009 10:47 AM



Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?



?



Yes. ?The thing is that most succesful sellers don't bother mentioning their story. ?This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

Carlos A. Chica 


Sky High Planning, Inc.



7380 Sand Lake Rd. ?#500



Orlando, FL ?32819



Office: ?(407) 352-3220



Fax: ? ? ?(407) 738-4816



Cell: ? ? ?(646) 552-0107



skyhighplanning at gmail.com



?



Coming Soon:



?



www.SKYHIGHPLANNING.com



?



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



?



?- ?Walt Disney





On May 
18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:






Hi Everyone,



I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.



Joan Vickers



?




From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.



Thanks



Rosemarie - occasional seller



?




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



From: Damian Colden 



To: How To Sell Your Home in 5-Days 



Sent: Saturday, May 16, 2009 7:30 AM



Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low



?



Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found=2
0one around here to go take a walk through.

Good luck and look forward to hearing about your experience.


?


Dac Colden 


?



?




From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.? We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.? We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.? We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper??? 0
Craigslist?????? 36
Radio Show???? 1
Bulletin Board? 1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter?? 269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.


?
0A
Dac Colden 


Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI



?




From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
?
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know... 
?
Best of luck.
?
Jp
?



Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors.? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less=2
0critical is the "By Owner."



?



Keep us posted on what you decide.? I think we could be on to something!



Good Luck!



Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:




From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 



I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 



Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 



Joan Vickers



?




From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.




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



From: rosemarie-fred 



To: How To Sell Your Home in 5-Days 



Sent: Wednesday, May 13, 2009 10:24 PM



Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low



?



Not unless you signed a c
ontract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)



Rosemarie




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



From: Patrycja Vasilyev Missiuro 



To: 5-dayforum at howtosellyourhomein5days.com 



Sent: Wednesday, May 13, 2009 3:29 PM



Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low



?



Can a buyer sue b/c we decide not to sell b/c the price is too low?



?



?





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From sean at folkson.com  Tue May 19 12:09:19 2009
From: sean at folkson.com (Sean Folkson)
Date: Tue, 19 May 2009 18:09:19 +0200
Subject: [5-DayForum] Has anyone out there sold their	home	using thismethod?
Message-ID: <200905191613.n4JGDdv9031876@intel1.peregrinehw.com>

Yes, Carlos, that's the theory.  I don't believe that sheer quantity 
of interested parties will always bring about a bidding war that will 
get the price up to "market value".

on my first time trying this method, we had a number of serious, 
interested buyers, and there were 4 bidders that got over $320K.  we 
topped out at $326,500.  people were dropping out because they 
couldn't afford to pay more.

Falling in love with a property is great, but people won't go beyond 
their means (well, maybe not as much now as 5 years ago).  If you 
have a property that you want to sell for $360K, and you advertise it 
at $174,500, you might have many people fall in love with the 
property.  And, they may all agree that the house is worth 
$360K.  But when their preapproval caps them out at $320K or $325K, 
what do you expect to happen?

The bidding dies, and you're stuck with a high bid that is below what 
you want.  Of course, if you happen to get the "3 real buyers" Bill 
talks about, you're in luck.  That means, they are READY, WILLING, 
and ABLE.   If you only get buyers that are WILLING and ABLE, but not 
READY.  Or WILLING and READY but not ABLE.  Or even READY and ABLE, 
but not WILLING, your auction is going to bomb.

Bill believes that 25 calls/inquiries by friday night pretty well 
guarantees you'll have your 3 RAW buyers in the house over the 
weekend.  I think that's kind of a leap, and I guess that's where the 
discussion continues do lead us.

By advertising closer to your target price, you're more likely to 
have fewer responses, but at least those that do respond are more 
likely to be ABLE.  It's a trade-off, no doubt.

Again, before doing a sale in this market, be sure you know why 
you're selling, and what you'll really do if you don't get close to 
your target number.  If you go into the sale that way, you'll be 
better prepared to deal with all eventualities (logistically, 
emotionally, and financially)

sean


From sean at folkson.com  Tue May 19 12:13:06 2009
From: sean at folkson.com (Sean Folkson)
Date: Tue, 19 May 2009 18:13:06 +0200
Subject: [5-DayForum] Has anyone out there sold their home using thismethod?
Message-ID: <200905191613.n4JGDecW031892@intel1.peregrinehw.com>

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From lbicon at aol.com  Tue May 19 12:27:00 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Tue, 19 May 2009 12:27:00 -0400
Subject: [5-DayForum] Has anyone out there sold their home using
	thismethod?
In-Reply-To: <200905191613.n4JGDecW031892@intel1.peregrinehw.com>
References: <200905191613.n4JGDecW031892@intel1.peregrinehw.com>
Message-ID: <8CBA6B5C4F859CB-604-9C4@Webmail-mg04.sim.aol.com>


Sean 



You are right. This is a last resort mentality. It works though.?My opinion in this RE market in any of the highly affected areas is that anybody that is selling into this market that hasn't either bought the property more than 10 years ago or recently at a discount has to have a mentality that will get the job done.?The 5-day?method is not a "magic bullet". The property need high exposure at a "buyers' price to sell.

Thanks,

Conrad


-----Original Message-----
From: Sean Folkson <sean at folkson.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 9:13 am
Subject: [5-DayForum] Has anyone out there sold their home using thismethod?



Hi Conrad,

While you don't come out and say it, from the way you wrote your E-mail, it sounds like you agree that chasing the market down by 1-2% is really a last resort.

Dmitry, I think Conrad is suggesting this as a last resort.? But, if not, I'll throw my 2 cents in and say "this is a last resort" :-)

sean





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From tgarter at comcast.net  Tue May 19 12:28:06 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Tue, 19 May 2009 16:28:06 +0000 (UTC)
Subject: [5-DayForum] Has anyone out there sold their home using
 thismethod?
In-Reply-To: <8CBA6B201ED450F-604-829@Webmail-mg04.sim.aol.com>
Message-ID: <1193057748.3541781242750486986.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

We followed the Book. 

It Worked. 

Sold our House in 5 Days - by the book. 

I heard there was some guy someplace that sold houses using his own method - good for him. 

Regarding this 5 Day Forum - For those of you that want to know about Bill's System. It worked May 18 

Tom Garter 
Successful -By The Book 5 Day Home Seller 
----- Original Message ----- 
From: lbicon at aol.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Tuesday, May 19, 2009 12:00:04 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 

Dmitry, 
The problem that I have seen before is that a lot of people think that Bill's system is "auto pilot". The round robin is a time to "sell" your home. The system doesn't always run itself especially in this market. 

If you are truly motivated to sell your home. Then price it at what you think it is worth today and use all methods to get it sold. Drop "your price by 1-2% every week until sold. 

Regards, 

Conrad 



-----Original Message----- 
From: Dmitry Missiuro Vasilyev <vasilyev at MIT.EDU> 
To: 'How To Sell Your Home in 5-Days' <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Tue, 19 May 2009 8:42 am 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 




Kyle, 

I20am sorry but this is not an acceptable answer. You are trying to cover the fact that the method worked not as expected, by saying ?market responded to you?. You could have said exactly the same words even in the case if I got a top offer being 50% of the market price as a result of the auction. 

If you call the sell at 80% of the market value ?the method works? ? good for you. For me, this method does not work, because I have different success criteria. I expect to sell the property closer to the market value. 

The fact is ? the ad brought to me a crowd, with one-third of the people who cannot afford the property, another two-thirds were bargain hunters, psychologically not prepared to pay anything close to the fair market price. I am sure that if I would have advertised it closer to the real numbers, I would have gotten more motivated people. 

- Dmitry. 







From: 5-dayforum-bounces+vasilyev= mit.edu at mailman.howtosellyourhomein5days.com [ mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com ] On Behalf Of Kyle Cascioli 
Sent: Tuesday, May 19, 2009 8:47 AM 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 

Dmitry: 

Each cse is different. Maybe you could have had a better pre-5 Day Sale marketing plan, maybe you picked a bad weekend, maybe your opinion of market value was off, maybe you only had investors looking at your property instead of owner-buyers, etc., et al. 

Every property has a defect and every real estate project has a design flaw. In good markets they don't have as a detrimental impact on market value as they do in bad markets. This is a bad market. A once in a century price correction event. 

Real estate cycles follow business cycles, if you think that we are at the bottom of the business cycle then hang on to your property. If you think it will sell using traditional methods then do so. 

Bill's method works all the time. You may not like the result, you may have done it differently, but you got an offer. The market spoke to you. Bad day for the market. Real estate is a commodity and now it's pricing behavior is more reflective of the stock market than the stability we used to know. 

Just be glad your not trying to sell a condo in Florida, Las Vegas, or Pheonix. 

Good luck, 

Kyle Cascioli 
www.AuctionBySeller.com 


From: vasilyev at MIT.EDU 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Date: Mon, 18 May 2009 11:11:52 -0400 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 

Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 

We have tried this method in the best effort possible, and failed miserably, for20the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 

- Dmitry. 






From: 5-dayforum-bounces+vasilyev= mit.edu at mailman.howtosellyourhomein5days.com [ mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com ] On Behalf Of Patrycja Vasilyev Missiuro 
Sent: Monday, May 18, 2009 10:54 AM 
To: How To Sell Your Home in 5-Days 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 


Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm. 



I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market=2 0value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder). 



Thanks, 

Patricia & Dmitry 





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

From: SKY HIGH 

To: How To Sell Your Home in 5-Days 

Sent: Monday, May 18, 2009 10:47 AM 

Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 



Yes. The thing is that most succesful sellers don't bother mentioning their story. This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively. 

Carlos A. Chica 

Sky High Planning, Inc. 

7380 Sand Lake Rd. #500 

Orlando, FL 32819 

Office: (407) 352-3220 

Fax: (407) 738-4816 

Cell: (646) 552-0107 

skyhighplanning at gmail.com 



Coming Soon: 



www.SKYHIGHPLANNING.com 



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



- Walt Disney 


On May 18, 2009, at 10:31 AM, Joan Vickers < joanvickers13 at yahoo.com > wrote: 





Hi Everyone, 

I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients. 

Joan Vickers 





From: rosemarie-fred < rosemarie-fred at mindspring.com > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Monday, May 18, 2009 7:46:07 AM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low 

A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up. 

Thanks 

Rosemarie - occasional seller 





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

From: Damian Colden 

To: How To Sell Your Home in 5-Days 

Sent: Saturday, May 16, 2009 7:30 AM 

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low 



Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through. 

Good luck and look forward to hearing about your experience. 


Dac Colden 







From: " tgarter at comcast.net " < tgarter at comcast.net > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Friday, May 15, 2009 9:55:04 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

Dac, 
We are holding a 5 day tomorrow. We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call. We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri. We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works. 
Newspaper 0 
Craigslist 36 
Radio Show 1 
Bulletin Board 1 

If you want to come to our sale, it's Sat and Sun 10-5 
0A6488 Evergreen, Portage, Mi 49024 
Tom Garter 269-321-7702 



----- Original Message ----- 
From: "Damian Colden" < damian_colden at yahoo.com > 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information. 


Dac Colden 

Realtor 
The KatieDidIt! Team 
Keller Williams Realty 
Grand Blanc, MI 





From: John Paul Perez < jpperez100 at msn.com > 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Thursday, May 14, 2009 11:45:02 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

Joan & Holly, 

I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 

If you would like more details on how I have used this method, or my variation of it, just let me know. .. 

Best of luck. 

Jp 



Date: Thu, 14 May 2009 11:31:39 -0700 
From: hollymac2 at yahoo.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 
	

Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors. I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale. I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner." 



Keep us posted on what you decide. I think we could be on to something! 

Good Luck! 

Holly 

--- On Thu, 5/14/09, Joan Vickers < joanvickers13 at yahoo.com > wrote: 



From: Joan Vickers < joanvickers13 at yahoo.com > 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Date: Thursday, May 14, 2009, 4:21 AM 



Hello, 

I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 

Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 

Joan Vickers 





From: bvgore < bvgore at insightbb.com > 
To: How To Sell Your Home in 5-Days < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Sent: Wednesday, May 13, 2009 9:22:08 PM 
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 

Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules. 



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

From: rosemarie-fred 

To: How To Sell Your Home in 5-Days 

Sent: Wednesday, May 13, 2009 10:24 PM 

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low 



Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.) 

Rosemarie 



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

From: Patrycja Vasilyev Missiuro 

To: 5-dayforum at howtosellyourhomein5days.com 

Sent: Wednesday, May 13, 2009 3:29 PM 

Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low 



Can a buyer sue b/c we decide not to sell b/c the price is too low? 







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From tgarter at comcast.net  Tue May 19 12:31:12 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Tue, 19 May 2009 16:31:12 +0000 (UTC)
Subject: [5-DayForum] Has anyone out there sold their home using
 thismethod?
In-Reply-To: <8CBA6B5C4F859CB-604-9C4@Webmail-mg04.sim.aol.com>
Message-ID: <1770802113.3543251242750672373.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Our Successful 5 Day sale came from Craigslist advertising only, the local newpaper was worthless. 
Tom Garter 
Successful 5 Day Seller - sold Sun 5-17 in 5 days 
----- Original Message ----- 
From: lbicon at aol.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Tuesday, May 19, 2009 12:27:00 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 


Sean 

You are right. This is a last resort mentality. It works though. My opinion in this RE market in any of the highly affected areas is that anybody that is selling into this market that hasn't either bought the property more than 10 years ago or recently at a discount has to have a mentality that will get the job done. The 5-day method is not a "magic bullet". The property need high exposure at a "buyers' price to sell. 

Thanks, 

Conrad 


-----Original Message----- 
From: Sean Folkson <sean at folkson.com> 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Tue, 19 May 2009 9:13 am 
Subject: [5-DayForum] Has anyone out there sold their home using thismethod? 


Hi Conrad, 

While you don't come out and say it, from the way you wrote your E-mail, it sounds like you agree that chasing the market down by 1-2% is really a last resort. 

Dmitry, I think Conrad is suggesting this as a last resort. But, if not, I'll throw my 2 cents in and say "this is a last resort" :-) 

sean 



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From lbicon at aol.com  Tue May 19 12:46:11 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Tue, 19 May 2009 12:46:11 -0400
Subject: [5-DayForum] Has anyone out there sold their home using
	thismethod?
In-Reply-To: <1193057748.3541781242750486986.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <8CBA6B872F08AE9-604-B0B@Webmail-mg04.sim.aol.com>


Tom,



Good for you. We are addressing people that it didn;t work for. That have had failures on the same weekend as you had your success. BTW don't jinx yourself. Do you have the check in your hand yet? A successful sale is when the old mortgage is paid off and you have the check in your hand.

Best of Luck,

Conrad


-----Original Message-----
From: tgarter at comcast.net
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tue, 19 May 2009 9:28 am
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?




We followed the Book.

It Worked.

Sold our House in 5 Days - by the book.

I heard there was some guy someplace that sold houses using his own method - good for him.? 

Regarding this 5 Day Forum - For those of you that want to know about Bill's System.? It worked May 18

Tom Garter
Successful -By The Book 5 Day Home Seller
----- Original Message -----
From: lbicon at aol.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, May 19, 2009 12:00:04 PM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

Dmitry,
The problem that I have seen before is that a lot of people think that Bill's system is "auto pilot". The round robin is a time to "sell" your home. The system doesn't always run itself especially in this market. 

If you are truly motivated to sell your home. Then price it at what you think it is worth today and use all20methods to get it sold. Drop "your price by 1-2% every week until sold.

Regards,

Conrad



-----Original Message-----
From: Dmitry Missiuro Vasilyev <vasilyev at MIT.EDU>
To: 'How To Sell Your Home in 5-Days' <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tue, 19 May 2009 8:42 am
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?




Kyle,

?

I20am sorry but this is not an acceptable answer. You are trying to cover the fact that the method worked not as expected, by saying ?market responded to you?. You could have said exactly the same words even in the case if I got a top offer being 50% of the market price as a result of the auction. 

?

If you call the sell at 80% of the market value ?the method works? ? good for you. For me, this method does not work, because I have different success criteria. I expect to sell the property closer to the market value. 

?

The fact is ? the ad brought to me a crowd, with one-third of the people who cannot afford the property, another two-thirds were bargain hunters, psychologically not prepared to pay anything close to the fair market price. I am sure that if I would have advertised it closer to the real numbers, I would have gotten more motivated people. 

?

- Dmitry.

?

?

?

?

?



From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.
com] On Behalf Of Kyle Cascioli
Sent: Tuesday, May 19, 2009 8:47 AM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod? 



?

Dmitry:
?
Each cse is different.? Maybe you could have had a better pre-5 Day Sale marketing plan, maybe you picked a bad weekend, maybe your opinion of market value was off, maybe you only had investors looking at your property instead of owner-buyers, etc., et al.
?
Every property has a defect and every real estate project has a design flaw.? In good markets they don't have as a detrimental impact on market value as they do in bad markets.? This is a bad market.? A once in a century price correction event.
?
Real estate cycles follow business cycles, if you think that we are at the bottom of the business cycle then hang on to your property.? If you think?it will sell using traditional methods then do so.
?
Bill's method works all the time.? You may not like the result,?you may have done it differently, but you got an offer.? The market spoke to you.? Bad day for the market.? Real estate is a commodity and now it's pricing behavior is more reflective of?the stock market than the stability we used to know.
?
Just be glad your not trying to sell a condo in Florida, Las Vegas, or Pheonix.
?
Good luck, 
?
Kyle Cascioli
www.AuctionBySeller.com ??
?


From: vasilyev at MIT.EDU
To: 5-dayforum at mailman.howtosell
yourhomein5days.com
Date: Mon, 18 May 2009 11:11:52 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?


Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 

?

We have tried this method in the best effort possible, and failed miserably, for20the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 

?

- Dmitry.

?

?

?

?



From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?



?


Well, I think my husband and I did market aggressively. We had approx 70 parties come by?and?47 bidders on our list by Sunday at 6pm.



?



I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% mo
re but not 100% more. In the end, the price is way below market=2 0value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).



?



Thanks,



Patricia & Dmitry



?




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



From: SKY HIGH 



To: How To Sell Your Home in 5-Days 



Sent: Monday, May 18, 2009 10:47 AM



Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?



?



Yes. ?The thing is that most succesful sellers don't bother mentioning their story. ?This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

Carlos A. Chica 


Sky High Planning, Inc.



7380 Sand Lake Rd. ?#500



Orlando, FL ?32819



Office: ?(407) 352-3220



Fax: ? ? ?(407) 738-4816



Cell: ? ? ?(646) 552-0107



skyhighplanning at gmail.com



?



Coming Soon:



?



www.SKYHIGHPLANNING.com



?



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



?



?- ?Walt Disney





On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:






Hi Everyone,



I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.



Joan Vickers



?

0A

From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low


A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.



Thanks



Rosemarie - occasional seller



?




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



From: Damian Colden 



To: How To Sell Your Home in 5-Days 



Sent: Saturday, May 16, 2009 7:30 AM



Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low



?



Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.


?


Dac Colden 


?



?




From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re:=2
0[5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Dac,
We are holding a 5 day tomorrow.? We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.? We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.? We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper??? 0
Craigslist?????? 36
Radio Show???? 1
Bulletin Board? 1

If you want to come to our sale, it's Sat and Sun 10-5
0A6488 Evergreen, Portage, Mi 49024
Tom Garter?? 269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.


?


Dac Colden 


Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI



?




From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
C2
I am also a?Realtor, and I?have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well.?
?
If you would like more details on how?I have used this method, or?my variation of it,?just let me know. .. 
?
Best of luck.
?
Jp
?



Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low






Joan - I also am a Real Estate Broker (new to the biz) and?like you, I?see some potential for this method even for Realtors.? I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.? I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."



?



Keep us posted on what you decide.? I think we could be on to something!



Good Luck!



Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:




From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell 
b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM




Hello, 



I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 



Thanks so much, I hope you can answer, I?really want to try this on listings and my own home. 



Joan Vickers



?




From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low


Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.




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



From: rosemarie-fred 



To: How To Sell Your Home in 5-Days 



Sent: Wednesday, May 13, 2009 10:24 PM



Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low



?



Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)



Rosemarie




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



From: Patrycja Vasilyev Missiuro =0
A


To: 5-dayforum at howtosellyourhomein5days.com 



Sent: Wednesday, May 13, 2009 3:29 PM



Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low



?



Can a buyer sue b/c we decide not to sell b/c the price is too low?



?



?





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From go.jelinco at gmail.com  Tue May 19 12:49:55 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Tue, 19 May 2009 11:49:55 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
Message-ID: <60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>

I've been thinking about this quite a bit lately.  I've been comparing it to
what happens on eBay.  I think that you are most likely not going to get
what the top bidder is willing to bid.  It only stands to reason that if the
second place bidder stops bidding, the top bidder will also...even if they
were willing to go ten, twenty, fifty thousand dollars more. The last two
bidders would have to be only $500.00 apart in their minds to get to what
the top bidder was willing to bid.  This has been my personal experience on
eBay.  I have been willing to pay more  (sometimes quite a bit more)...but
didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I
have seen wildly different ending prices on the exact same items (and of
course houses are more subjective and no two properties are identical).   I
think much of the difference was in how it was presented (marketed).  Of
course it's also the luck of the draw about who happens to be looking when
you are selling, how savvy they are and how willing they are to wait for
something else to come along.

~Linda Gray

On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:

> Once the bidding begins.  They will bid up to get the home & it will not
> matter how low others started bidding.  You have to understand that this has
> worked for others & it could work for you.  I agree with Kyle, there could
> be several factors that caused the disappointing results.  You have to be
> clear on what it takes & avoid many common mistakes that will decrease
> chances of getting the buyers you need.  If you can convince people that the
> home will be sold Sunday night & your marketing is strong then those owner
> occupant buyers will do anything possible to get the home.
>
> Carlos A. ChicaInvestor, Real Estate Solutions Co.
> 646-552-0107
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:
>
> or... when you offer your house at crazy low price, the real buyers who
> actually fell in love with your house, get a quick eduction from low ballers
> that come to the auction and refuse to pay fair market value, because they
> don't want to look stupid and overbid seeing that the low ballers are
> offering little to nothing.
>
>
>
>
>
>
> --- On *Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com>* wrote:
>
>
> From: SKY HIGH <skyhighplanning at gmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: "How To Sell Your Home in 5-Days" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, May 19, 2009, 1:30 PM
>
> The key is to understand that there may always be Investors bidding hoping
> to get a deal.  It's natural because the "low ballers" are searching for an
> exceptional deal.  But you need to be concerned with the two or three buyers
> that fall in love with the property & will pay as close to market value as
> you can get them to through the bidding process.  If you only are getting
> buyers who aren't motivated enough to pay market value then it's very
> possible that the marketing could use some work.
> The actual market value is only determined by the most recent comparable
> sales.  That means real buyers have recently paid those prices forsimilar
> properties.  If you only get low offers that means your either unclear about
> curret market value or the buyers were trying to buy under market value.
> Carlos A. ChicaSky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
> <http://mc/compose?to=skyhighplanning at gmail.com>skyhighplanning at gmail.com
>
> Coming Soon:
>
> <http://www.SKYHIGHPLANNING.com>www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:16 AM, M A <<http://mc/compose?to=macycles at yahoo.com>
> macycles at yahoo.com> wrote:
>
> you know "fair market value" and "true market value" are all a matter of
> semantics actually. the honest reason WHY people are attracted to the system
> is because they are looking for "FAIR" market value, at least that was my
> reason for it.  i don't believe there is such a thing as true market value
> per se. you get a bunch of low ballers together, and they will NOT  bid up
> to fair market value, only true market value for them, and thats never true
> because its not true for all parties concerned, thats why the sellers are
> disspointed. so you have to question, wether the auction system attracts low
> ballers and not real buyers... its kind of like what you put out in the
> world, if you are going to dress up like a 2 penny whore but expect to be
> paid a few dollars, you are going to attract a  customer who is going to
> expect to pay you 2 pennies not a few dollars.
>
> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>* wrote:
>
>
> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:57 PM
>
> Market's are not fair.  I don't believe Bill uses the term "fair
> market value."
>
> If you have a successful pre-5 Day Sale marketing campaign and a sufficient
> base of owner-buyer bidders you will get "true market" offers.
>
> Auctioning is nothing new.  Our entire economy is based on the principle.
> This is why we auction of T-Bills.
>
> We would all need to know more about the specifics of your property,
> market, sub-market, etc., to know why you achieved the result that you did.
>
> We want your feedback, understand your disappointment, but question your
> belief that the method doesn't work.  It does work.  It just didn't work for
> you given your expectation on a given day.  Why do you think it didn't work
> for you that day?
>
> Best,
>
> Kyle Cascioli
>  <http://www.auctionbyseller.com/> <http://www.AuctionBySeller.com>
> www.AuctionBySeller.com
>
>
>
> ------------------------------
> Date: Tue, 19 May 2009 05:49:15 -0700
> From: <http://mc/compose?to=macycles at yahoo.com><http://mc/compose?to=macycles at yahoo.com>
> macycles at yahoo.com
> To: <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] not so fast
>
>   that does not make sense what you said Kyle, of course  it generated an
> offer. i can get an offer any day on my property at 30% below market, i
> don't need to do an auction for that. the 5 day auction says that at the end
> you should at least generate fare market value, that's the whole point of
> its proclaimed success, and thats why people are attracted to it, by the
> promise of generating a fair market value.  There is nothing successful
> about being low balled and now being pressured into selling it at that
> price, like this woman below was describing. if that happened to me after
> all the effort and work of organizing an auction, i would as well be pretty
> disspointed.  but then again, may be for you Kyle, selling at a low ball
> price is a success, i just can't see it how its a success for most people.
>
> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>* wrote:
>
>
> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
> To:
> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days..com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:29 PM
>
>  If the process generated an offer where none was generated before, then by
> definition "it worked."
>
> The market spoke to you , but you didn;t like what it had to say.  You are
> not alone.
>
> Best luck moving forward.
>
> Kyle Cascioli
> <http://www.auctionbyseller.com/> <http://www.AuctionBySeller.com>
> www.AuctionBySeller.com
>
> > Date: Sun, 17 May 2009 22:31:43 -0400
> > From: <http://mc/compose?to=patrycja at MIT.EDU><http://mc/compose?to=patrycja at MIT.EDU>
> patrycja at MIT.EDU
> > To:
> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] Did the Open House this weekend and bidding
> >
> > Hi,
> >
> > My husband and I did everything by the book. We live and own a condo in
> > Cambridge, MA which is still a good market. Got over 25 calls and over 60
> > different people in 2 days. We just finished the bidding at 280K which is
> way
> > below the market price for a condo in Cambridge of the kind we are
> selling -
> > the lowest one can expect for this is 320K, the average is like $350K.
> Most
> > people who came in were looking for a bargain, they were smart but they
> just
> > could not get over the enormous price difference jump from 174,500 which
> we
> > listed it at. There is something wrong here when the top bidder is a real
> > estate agent who is now pressuring us to sell it to him b/c he knows it
> is way
> > under market value.
> >
> > The method does not work and it needs serious tweaks. It was an
> enormously
> > draining experience for us.
> >
> > Please keep this in mind.
> > Patricia and Dmitry
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman..howtosellyourhomein5days.com
> >
> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman..howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum>
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> ------------------------------
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> _______________________________________________
> 5-DayForum mailing list
> <http://mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com>
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From skyhighplanning at gmail.com  Tue May 19 12:57:59 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Tue, 19 May 2009 12:57:59 -0400
Subject: [5-DayForum] Has anyone out there sold their	home	using
	thismethod?
In-Reply-To: <200905191613.n4JGDdv9031876@intel1.peregrinehw.com>
References: <200905191613.n4JGDdv9031876@intel1.peregrinehw.com>
Message-ID: <5BD4ED1E-36F8-4551-8479-62A1D031CEEE@gmail.com>

It's not only theory because it has been proven & continues to be used  
nationwide.  The people who don't qualify for the actual market value  
are not the ones you were looking for.  Possibly,  there needs to be a  
more detailed marketing plan implemented to improve your chances of  
success.

The idea here is to sell fast & for the best price possible.  If you  
depend on a traditional listing it may take longer & cost you  
commissions but you might get an offer that works for you.  It is also  
possible to get an offer quickly using a traditional method but it is  
less likely because there is going to be much more competition at that  
price point so many buyers may overlook your listing at first.  The 5  
day method improves your chances of getting that buyer pool to pay  
attention to yours first.
You do need to be aware that certain work is necessary & there could  
always be some people that complain they couldn't steal the property.

Carlos A. Chica
Investor, Real Estate Solutions Co.
646-552-0107


Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 19, 2009, at 12:09 PM, Sean Folkson <sean at folkson.com> wrote:

> Yes, Carlos, that's the theory.  I don't believe that sheer quantity
> of interested parties will always bring about a bidding war that will
> get the price up to "market value".
>
> on my first time trying this method, we had a number of serious,
> interested buyers, and there were 4 bidders that got over $320K.  we
> topped out at $326,500.  people were dropping out because they
> couldn't afford to pay more.
>
> Falling in love with a property is great, but people won't go beyond
> their means (well, maybe not as much now as 5 years ago).  If you
> have a property that you want to sell for $360K, and you advertise it
> at $174,500, you might have many people fall in love with the
> property.  And, they may all agree that the house is worth
> $360K.  But when their preapproval caps them out at $320K or $325K,
> what do you expect to happen?
>
> The bidding dies, and you're stuck with a high bid that is below what
> you want.  Of course, if you happen to get the "3 real buyers" Bill
> talks about, you're in luck.  That means, they are READY, WILLING,
> and ABLE.   If you only get buyers that are WILLING and ABLE, but not
> READY.  Or WILLING and READY but not ABLE.  Or even READY and ABLE,
> but not WILLING, your auction is going to bomb.
>
> Bill believes that 25 calls/inquiries by friday night pretty well
> guarantees you'll have your 3 RAW buyers in the house over the
> weekend.  I think that's kind of a leap, and I guess that's where the
> discussion continues do lead us.
>
> By advertising closer to your target price, you're more likely to
> have fewer responses, but at least those that do respond are more
> likely to be ABLE.  It's a trade-off, no doubt.
>
> Again, before doing a sale in this market, be sure you know why
> you're selling, and what you'll really do if you don't get close to
> your target number.  If you go into the sale that way, you'll be
> better prepared to deal with all eventualities (logistically,
> emotionally, and financially)
>
> sean
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

From jpperez100 at msn.com  Tue May 19 13:03:01 2009
From: jpperez100 at msn.com (John Paul Perez)
Date: Tue, 19 May 2009 12:03:01 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com> 
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
Message-ID: <BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>


I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.

 

As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.

 

best of luck,

Jp
 


Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.  I don't believe Bill uses the term "fair market value."
 
If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
 
Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
 
We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
 
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
 
Best, 
 
Kyle Cascioli
www.AuctionBySeller.com 
 

 


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process generated an offer where none was generated before, then by definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
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From patrycja at MIT.EDU  Tue May 19 14:01:45 2009
From: patrycja at MIT.EDU (Patrycja Vasilyev Missiuro)
Date: Tue, 19 May 2009 14:01:45 -0400
Subject: [5-DayForum] Has anyone out there
	soldtheir	home	using	thismethod?
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64><026d01c9d7ca$fa6e0650$ef4a12f0$@edu><BLU122-W17F7A0B52591F857165057B45B0@phx.gbl>
	<03d101c9d898$63ea0700$2bbe1500$@edu>
Message-ID: <1AC5A651462549D2B9869581B013DC1B@GEDELL690XP64>

Hi,

As we are recovering from a fiasco this weekend (Pat & Dmitry), we still have many options. We are currently listing it with flat listing fee MLS and plan to try the for sale by owner in a more conventional way. If and when it does get sold, we'll be happy to share what the price ends up being. 

My phone has been ringing from real estate brokers who have come across our ad and are all telling me that I must be confused to list it (as they understood it) at 174,500 when they can list it at a minimum twice that and they can guarantee it will get sold in as little as 6 days to a maximum of 2 months (they actually offer to give me 2K in cash if it does not) for something way above 300.

As of right now, the auction we held brought in over 70 people, 47 bidders and ended at $281K. We had everything Bill Effros book suggested. 

The only benefit is that we met many of our neighbors who found it very interesting and fun (it was a party) - they did not bid but we even now get calls from people who are just curious.

I think if we ever tried it again, we would advertise it for much longer, list it at a higher price and definitely list it on MLS (this is where the serious buyers are). 

Right now, we do not want to look like fools and one party is enough for a while.

thanks,
Patricia

  ----- Original Message ----- 
  From: Dmitry Missiuro Vasilyev 
  To: 'How To Sell Your Home in 5-Days' 
  Sent: Tuesday, May 19, 2009 11:42 AM
  Subject: Re: [5-DayForum] Has anyone out there soldtheir home using thismethod?


  Kyle,

   

  I am sorry but this is not an acceptable answer. You are trying to cover the fact that the method worked not as expected, by saying "market responded to you". You could have said exactly the same words even in the case if I got a top offer being 50% of the market price as a result of the auction. 

   

  If you call the sell at 80% of the market value "the method works" - good for you. For me, this method does not work, because I have different success criteria. I expect to sell the property closer to the market value. 

   

  The fact is - the ad brought to me a crowd, with one-third of the people who cannot afford the property, another two-thirds were bargain hunters, psychologically not prepared to pay anything close to the fair market price. I am sure that if I would have advertised it closer to the real numbers, I would have gotten more motivated people. 

   

  - Dmitry.

   

   

   

   

   

  From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Kyle Cascioli
  Sent: Tuesday, May 19, 2009 8:47 AM
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

   

  Dmitry:
   
  Each cse is different.  Maybe you could have had a better pre-5 Day Sale marketing plan, maybe you picked a bad weekend, maybe your opinion of market value was off, maybe you only had investors looking at your property instead of owner-buyers, etc., et al.
   
  Every property has a defect and every real estate project has a design flaw.  In good markets they don't have as a detrimental impact on market value as they do in bad markets.  This is a bad market.  A once in a century price correction event.
   
  Real estate cycles follow business cycles, if you think that we are at the bottom of the business cycle then hang on to your property.  If you think it will sell using traditional methods then do so.
   
  Bill's method works all the time.  You may not like the result, you may have done it differently, but you got an offer.  The market spoke to you.  Bad day for the market.  Real estate is a commodity and now it's pricing behavior is more reflective of the stock market than the stability we used to know.
   
  Just be glad your not trying to sell a condo in Florida, Las Vegas, or Pheonix.
   
  Good luck, 
   
  Kyle Cascioli
  www.AuctionBySeller.com   
   


------------------------------------------------------------------------------

  From: vasilyev at MIT.EDU
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Date: Mon, 18 May 2009 11:11:52 -0400
  Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

  Honestly, I think that this method does not work as it is described, at least here in MA. It's a waste of time. The reason is in people's mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 - even if this is way below the market price. This is something called buyer's psychology. The buyer is not aiming at this price range. 

   

  We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 

   

  - Dmitry.

   

   

   

   

  From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
  Sent: Monday, May 18, 2009 10:54 AM
  To: How To Sell Your Home in 5-Days
  Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

   

  Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

   

  I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

   

  Thanks,

  Patricia & Dmitry

   

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

    From: SKY HIGH 

    To: How To Sell Your Home in 5-Days 

    Sent: Monday, May 18, 2009 10:47 AM

    Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

     

    Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

    Carlos A. Chica 

    Sky High Planning, Inc.

    7380 Sand Lake Rd.  #500

    Orlando, FL  32819

    Office:  (407) 352-3220

    Fax:      (407) 738-4816

    Cell:      (646) 552-0107

    skyhighplanning at gmail.com

     

    Coming Soon:

     

    www.SKYHIGHPLANNING.com

     

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

     

     -  Walt Disney


    On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:

      Hi Everyone,

      I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.

      Joan Vickers

       


--------------------------------------------------------------------------

      From: rosemarie-fred <rosemarie-fred at mindspring.com>
      To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
      Sent: Monday, May 18, 2009 7:46:07 AM
      Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

      A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.

      Thanks

      Rosemarie - occasional seller

       

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

        From: Damian Colden 

        To: How To Sell Your Home in 5-Days 

        Sent: Saturday, May 16, 2009 7:30 AM

        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

         

        Tom - 

        Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

        Good luck and look forward to hearing about your experience.

         

        Dac Colden 

         

         


------------------------------------------------------------------------

        From: "tgarter at comcast.net" <tgarter at comcast.net>
        To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
        Sent: Friday, May 15, 2009 9:55:04 PM
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

        Dac,
        We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
        Newspaper    0
        Craigslist       36
        Radio Show     1
        Bulletin Board  1

        If you want to come to our sale, it's Sat and Sun 10-5
        6488 Evergreen, Portage, Mi 49024
        Tom Garter   269-321-7702



        ----- Original Message -----
        From: "Damian Colden" <damian_colden at yahoo.com>
        To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
        Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

        John - 

        Add me to your list for the details on how you have adjusted the system for your clients. 

        Thanks in advance for the information.

         

        Dac Colden 

        Realtor
        The KatieDidIt! Team
        Keller Williams Realty
        Grand Blanc, MI

         


------------------------------------------------------------------------

        From: John Paul Perez <jpperez100 at msn.com>
        To: 5-dayforum at mailman.howtosellyourhomein5days.com
        Sent: Thursday, May 14, 2009 11:45:02 PM
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

        Joan & Holly, 
         
        I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
         
        If you would like more details on how I have used this method, or my variation of it, just let me know... 
         
        Best of luck.
         
        Jp
         


------------------------------------------------------------------------

        Date: Thu, 14 May 2009 11:31:39 -0700
        From: hollymac2 at yahoo.com
        To: 5-dayforum at mailman.howtosellyourhomein5days.com
        Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

              Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

               

              Keep us posted on what you decide.  I think we could be on to something!

              Good Luck!

              Holly

              --- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


                From: Joan Vickers <joanvickers13 at yahoo.com>
                Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
                To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
                Date: Thursday, May 14, 2009, 4:21 AM

                Hello, 

                I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 

                Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 

                Joan Vickers

                 


----------------------------------------------------------------

                From: bvgore <bvgore at insightbb.com>
                To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
                Sent: Wednesday, May 13, 2009 9:22:08 PM
                Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

                Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.

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

                  From: rosemarie-fred 

                  To: How To Sell Your Home in 5-Days 

                  Sent: Wednesday, May 13, 2009 10:24 PM

                  Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

                   

                  Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)

                  Rosemarie

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

                    From: Patrycja Vasilyev Missiuro 

                    To: 5-dayforum at howtosellyourhomein5days.com 

                    Sent: Wednesday, May 13, 2009 3:29 PM

                    Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

                     

                    Can a buyer sue b/c we decide not to sell b/c the price is too low?

                     

                     


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From real.estate.professor at hotmail.com  Tue May 19 15:03:42 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 14:03:42 -0500
Subject: [5-DayForum] Has anyone out there
	sold	their	home	using	thismethod?
In-Reply-To: <03d101c9d898$63ea0700$2bbe1500$@edu>
References: <128787320.2419281242438904790.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net><668543.4940.qm@web53109.mail.re2.yahoo.com><1688A2A2C81145CFBE8F7AA6FDDF63C5@rosemarifv6onv><437586.15750.qm@web110605.mail.gq1.yahoo.com>
	<CA12DE44-4665-458A-864B-A0054807025D@gmail.com>
	<9BCE0020E3C9430090F21DD223DD324B@GEDELL690XP64>
	<026d01c9d7ca$fa6e0650$ef4a12f0$@edu>
	<BLU122-W17F7A0B52591F857165057B45B0@phx.gbl> 
	<03d101c9d898$63ea0700$2bbe1500$@edu>
Message-ID: <BLU122-W6D07B3544521F808442C5B45B0@phx.gbl>


Dmitry:

 

Keep us informed and let us know when and how you sell it a "market value."

 

Best, 


Kyle

 


 


From: vasilyev at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 11:42:12 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?







Kyle,
 
I am sorry but this is not an acceptable answer. You are trying to cover the fact that the method worked not as expected, by saying ?market responded to you?. You could have said exactly the same words even in the case if I got a top offer being 50% of the market price as a result of the auction. 
 
If you call the sell at 80% of the market value ?the method works? ? good for you. For me, this method does not work, because I have different success criteria. I expect to sell the property closer to the market value. 
 
The fact is ? the ad brought to me a crowd, with one-third of the people who cannot afford the property, another two-thirds were bargain hunters, psychologically not prepared to pay anything close to the fair market price. I am sure that if I would have advertised it closer to the real numbers, I would have gotten more motivated people. 
 
- Dmitry.
 
 
 
 
 


From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Kyle Cascioli
Sent: Tuesday, May 19, 2009 8:47 AM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?
 
Dmitry:
 
Each cse is different.  Maybe you could have had a better pre-5 Day Sale marketing plan, maybe you picked a bad weekend, maybe your opinion of market value was off, maybe you only had investors looking at your property instead of owner-buyers, etc., et al.
 
Every property has a defect and every real estate project has a design flaw.  In good markets they don't have as a detrimental impact on market value as they do in bad markets.  This is a bad market.  A once in a century price correction event.
 
Real estate cycles follow business cycles, if you think that we are at the bottom of the business cycle then hang on to your property.  If you think it will sell using traditional methods then do so.
 
Bill's method works all the time.  You may not like the result, you may have done it differently, but you got an offer.  The market spoke to you.  Bad day for the market.  Real estate is a commodity and now it's pricing behavior is more reflective of the stock market than the stability we used to know.
 
Just be glad your not trying to sell a condo in Florida, Las Vegas, or Pheonix.
 
Good luck, 
 
Kyle Cascioli
www.AuctionBySeller.com   
 



From: vasilyev at MIT.EDU
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Mon, 18 May 2009 11:11:52 -0400
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

Honestly, I think that this method does not work as it is described, at least here in MA. It?s a waste of time. The reason is in people?s mentality: a person (even a super-serious buyer) coming to the place advertised for 175K would never bid $310 ? even if this is way below the market price. This is something called buyer?s psychology. The buyer is not aiming at this price range. 
 
We have tried this method in the best effort possible, and failed miserably, for the above mentioned reason. Again, buyers were serious and very knowledgeable. Maybe, to make this work, you need, on contrary, irrational and emotional buyers? 
 
- Dmitry.
 
 
 
 


From: 5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+vasilyev=mit.edu at mailman.howtosellyourhomein5days.com] On Behalf Of Patrycja Vasilyev Missiuro
Sent: Monday, May 18, 2009 10:54 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?
 

Well, I think my husband and I did market aggressively. We had approx 70 parties come by and 47 bidders on our list by Sunday at 6pm.

 

I suspect that the problem is that the listing price was just way too low. Everyone who came in, had in mind that yes, it may go for maybe 50% more but not 100% more. In the end, the price is way below market value, and any real estate agent knows it (especially the one who was bidding and right now is the top bidder).

 

Thanks,

Patricia & Dmitry

 


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

From: SKY HIGH 

To: How To Sell Your Home in 5-Days 

Sent: Monday, May 18, 2009 10:47 AM

Subject: Re: [5-DayForum] Has anyone out there sold their home using thismethod?

 

Yes.  The thing is that most succesful sellers don't bother mentioning their story.  This method works as long as you are aware of current market values (recent sales comparable) & you market aggressively.

Carlos A. Chica 

Sky High Planning, Inc.

7380 Sand Lake Rd.  #500

Orlando, FL  32819

Office:  (407) 352-3220

Fax:      (407) 738-4816

Cell:      (646) 552-0107

skyhighplanning at gmail.com

 

Coming Soon:

 

www.SKYHIGHPLANNING.com

 

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

 

 -  Walt Disney


On May 18, 2009, at 10:31 AM, Joan Vickers <joanvickers13 at yahoo.com> wrote:




Hi Everyone,

I have been reading this forum for about a week. All I hear about are failures. Has anyone sold their homes using this method? I am in real estate and would very much like to do this for my clients.

Joan Vickers

 




From: rosemarie-fred <rosemarie-fred at mindspring.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Monday, May 18, 2009 7:46:07 AM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

A reminder, please - change the subject when you change the subject! This subject has been going around for days, and most of the messages are about something else entirely. Once upon a time we asked everyone to head the subject with the date and city of their sale, if that was upcoming. That is helpful. Otherwise, please just write a subject that makes sense to you. That way it creats a new thread in the archives and the discussion will be relevant when folks look it up.

Thanks

Rosemarie - occasional seller

 


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

From: Damian Colden 

To: How To Sell Your Home in 5-Days 

Sent: Saturday, May 16, 2009 7:30 AM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c thepriceistoo low

 

Tom - 

Got appointments today and tomorrow or I'd make the 2 hour drive to Portage. I think I found one around here to go take a walk through.

Good luck and look forward to hearing about your experience.

 
Dac Colden 

 

 




From: "tgarter at comcast.net" <tgarter at comcast.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 9:55:04 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Dac,
We are holding a 5 day tomorrow.  We had an outstanding ad in the Kalamazoo Gazette since Wed and have not received on phone call.  We also advertised on Craigslist starting Wed. We received 25 emails wed and a total of 36 by 10 pm Fri.  We also received one from a free radio call in show and one from a bulletin board at Kelloggs where my wife works.
Newspaper    0
Craigslist       36
Radio Show     1
Bulletin Board  1

If you want to come to our sale, it's Sat and Sun 10-5
6488 Evergreen, Portage, Mi 49024
Tom Garter   269-321-7702



----- Original Message -----
From: "Damian Colden" <damian_colden at yahoo.com>
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Friday, May 15, 2009 11:28:07 AM GMT -05:00 US/Canada Eastern
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

John - 

Add me to your list for the details on how you have adjusted the system for your clients. 

Thanks in advance for the information.

 
Dac Colden 

Realtor
The KatieDidIt! Team
Keller Williams Realty
Grand Blanc, MI

 




From: John Paul Perez <jpperez100 at msn.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Thursday, May 14, 2009 11:45:02 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Joan & Holly, 
 
I am also a Realtor, and I have been conducting sales similar to the 5 day sale in my area for awhile now. It works extremely well in a slow market and has produced terrific results for many of my clients. This is a great system, there are a few adjustments that must be made, however, we have it down to a science and as stated, have done well. 
 
If you would like more details on how I have used this method, or my variation of it, just let me know... 
 
Best of luck.
 
Jp
 



Date: Thu, 14 May 2009 11:31:39 -0700
From: hollymac2 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low





Joan - I also am a Real Estate Broker (new to the biz) and like you, I see some potential for this method even for Realtors.  I think MLS is critical to success and I am trying to see how the listing would look for a 5-Day Sale.  I also agree with you, not sure how to handle the "By Owner" thing, altho I suspect the real draw (in advertising) is the price (well below expected value) and a little less critical is the "By Owner."

 

Keep us posted on what you decide.  I think we could be on to something!

Good Luck!

Holly

--- On Thu, 5/14/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 14, 2009, 4:21 AM



Hello, 

I am a real estate agent. In the book it stated that agents could use the 5 day method. The book has not said how to do it. Also, on the add what do I put where it says "By Owner"? 

Thanks so much, I hope you can answer, I really want to try this on listings and my own home. 

Joan Vickers

 




From: bvgore <bvgore at insightbb.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 13, 2009 9:22:08 PM
Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

Plus, it should be clear that no one, buyer or seller is obligated at any time. That should be stated clearly in the rules.


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

From: rosemarie-fred 

To: How To Sell Your Home in 5-Days 

Sent: Wednesday, May 13, 2009 10:24 PM

Subject: Re: [5-DayForum] Can someone sue us if we do not sell b/c the priceistoo low

 

Not unless you signed a contract! And they are not buyers until the contract is signed - just prospects. No one can force you to sign a contract. ( well, actually anyone can sue anyone about anything, but they won't get a lawyer to take a case with no contract.)

Rosemarie


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

From: Patrycja Vasilyev Missiuro 

To: 5-dayforum at howtosellyourhomein5days.com 

Sent: Wednesday, May 13, 2009 3:29 PM

Subject: [5-DayForum] Can someone sue us if we do not sell b/c the price istoo low

 

Can a buyer sue b/c we decide not to sell b/c the price is too low?

 

 




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



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From real.estate.professor at hotmail.com  Tue May 19 15:05:02 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 14:05:02 -0500
Subject: [5-DayForum] [AMount owed on property
In-Reply-To: <8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl><60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com><BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
	<BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl> 
	<8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>
Message-ID: <BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl>


Conrad:

 

That's why I suggested using a title company and public records.

 

Are you having a bad day?

 

Kyle
 


To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 11:54:53 -0400
From: lbicon at aol.com
Subject: Re: [5-DayForum] [AMount owed on property


Kyle,
 
The public cannot call mortgage companies for other peoples payoffs. Come on man.
 
Conrad


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 8:28 am
Subject: Re: [5-DayForum] Price very low - problems




Title company will call mortgagee for payoff.  You can do the same.
 
KC
 


Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstanding).  How can anyone find out how much is owed presently on any loan.  If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?  Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli & lt;real.estate.professor at hotmail.com> wrote:


Linda:
 
Here in Colorado we have a public trustee that holds all deeds in trust.
 
In most states, you can go online at the County Assessor's website and look up the property by parcel number or address.  Since there is a lag to debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
 
The easiest way to get this information is to call a title company and ask them to run a title report.  Most will do it for free or a small fee.
 
Good luck,
 
Kyle Cascioli
www.AuctionByBuilder.com 
 


Date: Mon, 18 May 2009 07:46:24 -0500 



From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 



> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
&g t; > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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.howtose llyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum




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From real.estate.professor at hotmail.com  Tue May 19 15:22:56 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 14:22:56 -0500
Subject: [5-DayForum] Price very low - problems
In-Reply-To: <60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64>
	<12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv>
	<EA97D4F896DD44C184B1C0E8F46DCE88@Main>
	<20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu>
	<60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com>
	<BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl>
	<60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com>
	<BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl> 
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
Message-ID: <BLU122-W11611AA9528FEB8F90A3ABB45B0@phx.gbl>


Linda:

 

I might have misunderstood your question.

 

You can solve for a payoff on any loan if you know any of four (4) or all of the following variables.

 

1.  Loan amount

2.  Loan interest rate

3.  Loan payment

4.  Loan term

5.  Present value or Future value of the loan (both usually zero in residential transactions)

 

The Hewlett Packard HP12C is a great real estate calculator and has the function keys described above and cost around $50.

 

Is this what you were asking?

 

Kyle

 


Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstanding).  How can anyone find out how much is owed presently on any loan.  If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?  Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


Linda:
 
Here in Colorado we have a public trustee that holds all deeds in trust.
 
In most states, you can go online at the County Assessor's website and look up the property by parcel number or address.  Since there is a lag to debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
 
The easiest way to get this information is to call a title company and ask them to run a title report.  Most will do it for free or a small fee.
 
Good luck,
 
Kyle Cascioli
www.AuctionByBuilder.com 
 


Date: Mon, 18 May 2009 07:46:24 -0500



From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 



> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
> > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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 damian_colden at yahoo.com  Tue May 19 15:30:15 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Tue, 19 May 2009 12:30:15 -0700 (PDT)
Subject: [5-DayForum] [AMount owed on property
In-Reply-To: <BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl><60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com><BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
	<BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>
	<8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>
	<BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl>
Message-ID: <692243.99116.qm@web53111.mail.re2.yahoo.com>

At least here in Michigan, even Title Companies need written authorization from the borrower to request a payoff.

 Dac Colden
Realtor
The KatieDidIt! Team
Keller Williams Realty

Grand Blanc, MI


________________________________
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, May 19, 2009 3:05:02 PM
Subject: Re: [5-DayForum] [AMount owed on property

 Conrad:
 
That's why I suggested using a title company and public records.
 
Are you having a bad day?
 
Kyle
 
________________________________
 To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 11:54:53 -0400
From: lbicon at aol.com
Subject: Re: [5-DayForum] [AMount owed on property


Kyle,
 
The public cannot call mortgage companies for other peoples payoffs. Come on man.
 
Conrad


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 8:28 am
Subject: Re: [5-DayForum] Price very low - problems


 Title company will call mortgagee for payoff.  You can do the same.
 
KC
 
________________________________
 Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstanding).  How can anyone find out how much is owed presently on any loan.  If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?  Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli & lt;real.estate.professor at hotmail.com> wrote:

Linda:
 
Here in Colorado we have a public trustee that holds all deeds in trust.
 
In most states, you can go online at the County Assessor's website and look up the property by parcel number or address.  Since there is a lag to debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
 
The easiest way to get this information is to call a title company and ask them to run a title report.  Most will do it for free or a small fee.
 
Good luck,
 
Kyle Cascioli
www.AuctionByBuilder.com 
 
________________________________
 Date: Mon, 18 May 2009 07:46:24 -0500 

From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 

> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
&g t; > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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.howtose llyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From real.estate.professor at hotmail.com  Tue May 19 15:39:56 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 14:39:56 -0500
Subject: [5-DayForum] Fair Market Value
Message-ID: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>


Hi Everyone:

 

There seems to be a lot of debate over the term "Fair Market Value."

 

For what it is worth there is no such term defined by the Appraisal Institute - the recognized authority on real estate valuation post "Financial Institutions Reform Recovery and Enforcement Act (FIRREA)."

 

The act was passed by congress after the Savings & Loan debacle of the late 1980's, and required that all real estate appraisers be licensed and adhere to the "Uniform Standards of Professional Appraisal Practice (USPAP).

 

http://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery_and_Enforcement_Act_of_1989

 

"Fair Value" is an accounting term that historically refers to the depreciated reporting value of assets for tax purposes. 

 

In it's thirteenth edition (most current) of "The Appraisal of Real Estate," the Institute has no definition for "Fair Market Value."  It does have a definition for "Market Value."

 

Market Value:  The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgably, and for own self-interest, and assuming that neither is under undue duress."

 

So it would all seem to come down to what is "reasonable exposure" in the market, what is a "Fair Sale," and what is "undue duress."  

 

Each seller and buyer can decide this for themselves and make a deal or not.

 

There is no such thing as "Fair Market Value."

 

Best to all,

 

Kyle Cascioli

www.BarrettAssociatesCorp.com 

_________________________________________________________________
Windows Live?: Keep your life in sync.
http://windowslive.com/explore?ocid=TXT_TAGLM_BR_life_in_synch_052009
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From real.estate.professor at hotmail.com  Tue May 19 15:42:16 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 14:42:16 -0500
Subject: [5-DayForum] [AMount owed on property
In-Reply-To: <692243.99116.qm@web53111.mail.re2.yahoo.com>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl><60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com><BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
	<BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>
	<8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>
	<BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl> 
	<692243.99116.qm@web53111.mail.re2.yahoo.com>
Message-ID: <BLU122-W1649D35A0E4AB9EF22628DB45B0@phx.gbl>


Are liens (mortgages are liens) not recorded in Michigan?

 

If a lien is recorded it is in the public domain.  If it is in the public domain, then anyone can obtain the information.

 

Kyle
 


Date: Tue, 19 May 2009 12:30:15 -0700
From: damian_colden at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] [AMount owed on property




At least here in Michigan, even Title Companies need written authorization from the borrower to request a payoff.

 Dac Colden
Realtor
The KatieDidIt! Team
Keller Williams Realty

Grand Blanc, MI



From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, May 19, 2009 3:05:02 PM
Subject: Re: [5-DayForum] [AMount owed on property



Conrad:
 
That's why I suggested using a title company and public records.
 
Are you having a bad day?
 
Kyle
 


To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 11:54:53 -0400
From: lbicon at aol.com
Subject: Re: [5-DayForum] [AMount owed on property


Kyle,
 
The public cannot call mortgage companies for other peoples payoffs. Come on man.
 
Conrad


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 8:28 am
Subject: Re: [5-DayForum] Price very low - problems




Title company will call mortgagee for payoff.  You can do the same.
 
KC
 


Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstanding).  How can anyone find out how much is owed presently on any loan.  If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?  Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli & lt;real.estate.professor at hotmail.com> wrote:


Linda:
 
Here in Colorado we have a public trustee that holds all deeds in trust.
 
In most states, you can go online at the County Assessor's website and look up the property by parcel number or address.  Since there is a lag to debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
 
The easiest way to get this information is to call a title company and ask them to run a title report.  Most will do it for free or a small fee.
 
Good luck,
 
Kyle Cascioli
www.AuctionByBuilder.com 
 


Date: Mon, 18 May 2009 07:46:24 -0500 



From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 



> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
&g t; > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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.howtose llyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum




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A strong credit score is 700 or above. See Yours in Just 2 Easy Steps! 


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From tgarter at comcast.net  Tue May 19 15:49:47 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Tue, 19 May 2009 19:49:47 +0000 (UTC)
Subject: [5-DayForum] Fair Market Value
In-Reply-To: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>
Message-ID: <63141979.3640721242762587042.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Kyle, 
Thanks for the definition, that is very good 
Tom Garter 
Successful 5 day home seller at market value 
----- Original Message ----- 
From: "Kyle Cascioli" <real.estate.professor at hotmail.com> 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Tuesday, May 19, 2009 3:39:56 PM GMT -05:00 US/Canada Eastern 
Subject: [5-DayForum] Fair Market Value 

Hi Everyone: 

There seems to be a lot of debate over the term "Fair Market Value." 

For what it is worth there is no such term defined by the Appraisal Institute - the recognized authority on real estate valuation post "Financial Institutions Reform Recovery and Enforcement Act (FIRREA)." 

The act was passed by congress after the Savings & Loan debacle of the late 1980's, and required that all real estate appraisers be licensed and adhere to the "Uniform Standards of Professional Appraisal Practice (USPAP). 

http://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery_and_Enforcement_Act_of_1989 

"Fair Value" is an accounting term that historically refers to the depreciated reporting value of assets for tax purposes. 

In it's thirteenth edition (most current) of "The Appraisal of Real Estate," the Institute has no definition for "Fair Market Value." It does have a definition for "Market Value." 

Market Value: The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgably, and for own self-interest, and assuming that neither is under undue duress." 

So it would all seem to come down to what is "reasonable exposure" in the market, what is a "Fair Sale," and what is "undue duress." 

Each seller and buyer can decide this for themselves and make a deal or not. 

There is no such thing as "Fair Market Value." 

Best to all, 

Kyle Cascioli 
www.BarrettAssociatesCorp.com 


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
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From nkhouri at cfl.rr.com  Tue May 19 15:52:54 2009
From: nkhouri at cfl.rr.com (Naji)
Date: Tue, 19 May 2009 15:52:54 -0400
Subject: [5-DayForum] Fair Market Value
In-Reply-To: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>
References: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>
Message-ID: <D178684466D1426F9A9B6685BF16C8BE@NSKHome>

Right on the Money!!! BTW, this applies to any commodity.

 

Thank you Kyle,

 

-Naji

 

 <http://www.zillow.com/?scrnnm=RachelRGrant>
http://www.zillow.com/?scrnnm=RachelRGrant

  _____  

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 Kyle Cascioli
Sent: Tuesday, May 19, 2009 3:40 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Fair Market Value

 

Hi Everyone:
 
There seems to be a lot of debate over the term "Fair Market Value."
 
For what it is worth there is no such term defined by the Appraisal
Institute - the recognized authority on real estate valuation post
"Financial Institutions Reform Recovery and Enforcement Act (FIRREA)."
 
The act was passed by congress after the Savings & Loan debacle of the late
1980's, and required that all real estate appraisers be licensed and adhere
to the "Uniform Standards of Professional Appraisal Practice (USPAP).
 
http://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery_and_Enf
orcement_Act_of_1989
 
"Fair Value" is an accounting term that historically refers to the
depreciated reporting value of assets for tax purposes. 
 
In it's thirteenth edition (most current) of "The Appraisal of Real Estate,"
the Institute has no definition for "Fair Market Value."  It does have a
definition for "Market Value."
 
Market Value:  The most probable price, as of a specified date, in cash, or
in terms equivalent to cash, or in other precisely revealed terms, for which
the specified property rights should sell after reasonable exposure in a
competitive market under all conditions requisite to a fair sale, with the
buyer and seller each acting prudently, knowledgably, and for own
self-interest, and assuming that neither is under undue duress."
 
So it would all seem to come down to what is "reasonable exposure" in the
market, what is a "Fair Sale," and what is "undue duress."  
 
Each seller and buyer can decide this for themselves and make a deal or not.
 
There is no such thing as "Fair Market Value."
 
Best to all,
 
Kyle Cascioli
www.BarrettAssociatesCorp.com <http://www.barrettassociatescorp.com/>  

  _____  

Windows LiveT: Keep your life in sync. Check it out.
<http://windowslive.com/explore?ocid=TXT_TAGLM_BR_life_in_synch_052009> 

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From Aaron at eurofixonline.com  Tue May 19 15:54:40 2009
From: Aaron at eurofixonline.com (Aaron Stokes)
Date: Tue, 19 May 2009 14:54:40 -0500
Subject: [5-DayForum] not so fast
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com><1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
Message-ID: <49B6FDFD77ED473D83974D45E170B103@aaroncomputer>

Jp, what is your modified version?



Aaron 



----- Original Message ----- 
  From: John Paul Perez 
  To: 5-dayforum at mailman.howtosellyourhomein5days.com 
  Sent: Tuesday, May 19, 2009 12:03 PM
  Subject: Re: [5-DayForum] not so fast


  I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.
   
  As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.
   
  best of luck,
  Jp
   

------------------------------------------------------------------------------
  Date: Tue, 19 May 2009 11:49:55 -0500
  From: go.jelinco at gmail.com
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Subject: Re: [5-DayForum] not so fast

  I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

   Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

  ~Linda Gray


  On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:

    Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

    Carlos A. Chica 
    Investor, Real Estate Solutions Co.
    646-552-0107


    Coming Soon:


    www.SKYHIGHPLANNING.com


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


     -  Walt Disney

    On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:


            or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






            --- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


              From: SKY HIGH <skyhighplanning at gmail.com>
              Subject: Re: [5-DayForum] not so fast
              To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
              Date: Tuesday, May 19, 2009, 1:30 PM


              The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
              The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
              Carlos A. Chica 
              Sky High Planning, Inc.
              7380 Sand Lake Rd.  #500
              Orlando, FL  32819
              Office:  (407) 352-3220
              Fax:      (407) 738-4816
              Cell:      (646) 552-0107
              skyhighplanning at gmail.com


              Coming Soon:


              www.SKYHIGHPLANNING.com


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


               -  Walt Disney

              On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:


                      you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

                      --- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


                        From: Kyle Cascioli <real.estate.professor at hotmail.com>
                        Subject: Re: [5-DayForum] not so fast
                        To: 5-dayforum at mailman.howtosellyourhomein5days.com
                        Date: Tuesday, May 19, 2009, 12:57 PM


                        Market's are not fair.  I don't believe Bill uses the term "fair market value."
                         
                        If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
                         
                        Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
                         
                        We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
                         
                        We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
                         
                        Best, 
                         
                        Kyle Cascioli
                        www.AuctionBySeller.com 
                         

                         

--------------------------------------------------------
                        Date: Tue, 19 May 2009 05:49:15 -0700
                        From: macycles at yahoo.com
                        To: 5-dayforum at mailman.howtosellyourhomein5days.com
                        Subject: [5-DayForum] not so fast

                              that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

                              --- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


                                From: Kyle Cascioli <real.estate.professor at hotmail.com>
                                Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
                                To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                Date: Tuesday, May 19, 2009, 12:29 PM


                                If the process generated an offer where none was generated before, then by definition "it worked."
                                 
                                The market spoke to you , but you didn;t like what it had to say.  You are not alone.
                                 
                                Best luck moving forward.
                                 
                                Kyle Cascioli
                                www.AuctionBySeller.com  
                                 
                                > Date: Sun, 17 May 2009 22:31:43 -0400
                                > From: patrycja at MIT.EDU
                                > To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                > Subject: [5-DayForum] Did the Open House this weekend and bidding
                                > 
                                > Hi,
                                > 
                                > My husband and I did everything by the book. We live and own a condo in
                                > Cambridge, MA which is still a good market. Got over 25 calls and over 60
                                > different people in 2 days. We just finished the bidding at 280K which is way
                                > below the market price for a condo in Cambridge of the kind we are selling -
                                > the lowest one can expect for this is 320K, the average is like $350K. Most
                                > people who came in were looking for a bargain, they were smart but they just
                                > could not get over the enormous price difference jump from 174,500 which we
                                > listed it at. There is something wrong here when the top bidder is a real
                                > estate agent who is now pressuring us to sell it to him b/c he knows it is way
                                > under market value.
                                > 
                                > The method does not work and it needs serious tweaks. It was an enormously
                                > draining experience for us.
                                > 
                                > Please keep this in mind.
                                > Patricia and Dmitry
                                > 
                                > 
                                > 
                                > 
                                > _______________________________________________
                                > 5-DayForum mailing list
                                > 5-DayForum at mailman..howtosellyourhomein5days.com
                                > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum


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From go.jelinco at gmail.com  Tue May 19 15:57:16 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Tue, 19 May 2009 14:57:16 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
Message-ID: <60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>

No worries JP...I'm not disappointed at all.  Since you agree that what I
say is true, then there must be some sort of solution to this
problem....there always is.  I'm just wondering if anyone knows if there is
a way to actually get the top price that the top bidder is willing to pay
for the house...not just where the bidding stops.  I think that sellers
don't want to leave any money on the table when all is said and done.

Also, what education do you propose in educating ourselves and more
importantly, our buyers (bidders)?

Thanks,
Linda



On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com>wrote:

>  I have notice a trend on this forum. The biggest compliant I seem to to
> hear over and over again, is the "true Market Value" of the property. Linda
> what you say is true. Do you really expect your buyers to pay more than they
> have to? I hate to disappoint you, but they wont. There is only one (1)
> solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to
> be educated on what exactly Fair market value is.
>
> As I have stated earlier, I have been selling homes using a method similar
> to this for a while now and have been very successful.
>
> best of luck,
> Jp
>
> ------------------------------
> Date: Tue, 19 May 2009 11:49:55 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] not so fast
>
> I've been thinking about this quite a bit lately.  I've been comparing it
> to what happens on eBay.  I think that you are most likely not going to get
> what the top bidder is willing to bid.  It only stands to reason that if the
> second place bidder stops bidding, the top bidder will also...even if they
> were willing to go ten, twenty, fifty thousand dollars more. The last two
> bidders would have to be only $500.00 apart in their minds to get to what
> the top bidder was willing to bid.  This has been my personal experience on
> eBay.  I have been willing to pay more  (sometimes quite a bit more)...but
> didn't have to because the other bidders dropped out early.
>
>  Also the marketing can bring very wide variations in the final result.  I
> have seen wildly different ending prices on the exact same items (and of
> course houses are more subjective and no two properties are identical).   I
> think much of the difference was in how it was presented (marketed).  Of
> course it's also the luck of the draw about who happens to be looking when
> you are selling, how savvy they are and how willing they are to wait for
> something else to come along.
>
> ~Linda Gray
>
> On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com>wrote:
>
>  Once the bidding begins.  They will bid up to get the home & it will not
> matter how low others started bidding.  You have to understand that this has
> worked for others & it could work for you.  I agree with Kyle, there could
> be several factors that caused the disappointing results.  You have to be
> clear on what it takes & avoid many common mistakes that will decrease
> chances of getting the buyers you need.  If you can convince people that the
> home will be sold Sunday night & your marketing is strong then those owner
> occupant buyers will do anything possible to get the home.
>
> Carlos A. Chica Investor, Real Estate Solutions Co.
> 646-552-0107
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com <http://www.skyhighplanning.com/>
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:
>
>    or... when you offer your house at crazy low price, the real buyers who
> actually fell in love with your house, get a quick eduction from low ballers
> that come to the auction and refuse to pay fair market value, because they
> don't want to look stupid and overbid seeing that the low ballers are
> offering little to nothing.
>
>
>
>
>
>
> --- On *Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com>* wrote:
>
>
> From: SKY HIGH <skyhighplanning at gmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: "How To Sell Your Home in 5-Days" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, May 19, 2009, 1:30 PM
>
>  The key is to understand that there may always be Investors bidding
> hoping to get a deal.  It's natural because the "low ballers" are searching
> for an exceptional deal.  But you need to be concerned with the two or three
> buyers that fall in love with the property & will pay as close to market
> value as you can get them to through the bidding process.  If you only are
> getting buyers who aren't motivated enough to pay market value then it's
> very possible that the marketing could use some work.
> The actual market value is only determined by the most recent comparable
> sales.  That means real buyers have recently paid those prices forsimilar
> properties.  If you only get low offers that means your either unclear about
> curret market value or the buyers were trying to buy under market value.
> Carlos A. Chica Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
>  <http://mc/compose?to=skyhighplanning at gmail.com>skyhighplanning at gmail.com
>
> Coming Soon:
>
>  <http://www.skyhighplanning.com/>www.SKYHIGHPLANNING.com<http://www.skyhighplanning.com/>
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:16 AM, M A <<http://mc/compose?to=macycles at yahoo.com>
> macycles at yahoo.com> wrote:
>
>    you know "fair market value" and "true market value" are all a matter
> of semantics actually. the honest reason WHY people are attracted to the
> system is because they are looking for "FAIR" market value, at least that
> was my reason for it.  i don't believe there is such a thing as true market
> value per se. you get a bunch of low ballers together, and they will NOT
> bid up to fair market value, only true market value for them, and thats
> never true because its not true for all parties concerned, thats why the
> sellers are disspointed. so you have to question, wether the auction system
> attracts low ballers and not real buyers... its kind of like what you put
> out in the world, if you are going to dress up like a 2 penny whore but
> expect to be paid a few dollars, you are going to attract a  customer who is
> going to expect to pay you 2 pennies not a few dollars.
>
> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>* wrote:
>
>
> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:57 PM
>
> Market's are not fair.  I don't believe Bill uses the term "fair
> market value."
>
> If you have a successful pre-5 Day Sale marketing campaign and a sufficient
> base of owner-buyer bidders you will get "true market" offers.
>
> Auctioning is nothing new.  Our entire economy is based on the principle.
> This is why we auction of T-Bills.
>
> We would all need to know more about the specifics of your property,
> market, sub-market, etc., to know why you achieved the result that you did.
>
> We want your feedback, understand your disappointment, but question your
> belief that the method doesn't work.  It does work.  It just didn't work for
> you given your expectation on a given day.  Why do you think it didn't work
> for you that day?
>
> Best,
>
> Kyle Cascioli
> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/>
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>
>
>
> ------------------------------
> Date: Tue, 19 May 2009 05:49:15 -0700
> From: <http://mc/compose?to=macycles at yahoo.com><http://mc/compose?to=macycles at yahoo.com>
> macycles at yahoo.com
> To: <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] not so fast
>
>   that does not make sense what you said Kyle, of course  it generated an
> offer. i can get an offer any day on my property at 30% below market, i
> don't need to do an auction for that. the 5 day auction says that at the end
> you should at least generate fare market value, that's the whole point of
> its proclaimed success, and thats why people are attracted to it, by the
> promise of generating a fair market value.  There is nothing successful
> about being low balled and now being pressured into selling it at that
> price, like this woman below was describing. if that happened to me after
> all the effort and work of organizing an auction, i would as well be pretty
> disspointed.  but then again, may be for you Kyle, selling at a low ball
> price is a success, i just can't see it how its a success for most people.
>
> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>* wrote:
>
>
> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
> To:
> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days..com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:29 PM
>
> If the process generated an offer where none was generated before, then by
> definition "it worked."
>
> The market spoke to you , but you didn;t like what it had to say.  You are
> not alone.
>
> Best luck moving forward.
>
> Kyle Cascioli
> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/>
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>
> > Date: Sun, 17 May 2009 22:31:43 -0400
> > From: <http://mc/compose?to=patrycja at MIT.EDU><http://mc/compose?to=patrycja at MIT.EDU>
> patrycja at MIT.EDU
> > To:
> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] Did the Open House this weekend and bidding
> >
> > Hi,
> >
> > My husband and I did everything by the book. We live and own a condo in
> > Cambridge, MA which is still a good market. Got over 25 calls and over 60
> > different people in 2 days. We just finished the bidding at 280K which is
> way
> > below the market price for a condo in Cambridge of the kind we are
> selling -
> > the lowest one can expect for this is 320K, the average is like $350K.
> Most
> > people who came in were looking for a bargain, they were smart but they
> just
> > could not get over the enormous price difference jump from 174,500 which
> we
> > listed it at. There is something wrong here when the top bidder is a real
> > estate agent who is now pressuring us to sell it to him b/c he knows it
> is way
> > under market value.
> >
> > The method does not work and it needs serious tweaks. It was an
> enormously
> > draining experience for us.
> >
> > Please keep this in mind.
> > Patricia and Dmitry
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman..howtosellyourhomein5days.com
> >
> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman..howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum>
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> ------------------------------
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>
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From real.estate.professor at hotmail.com  Tue May 19 16:08:53 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 15:08:53 -0500
Subject: [5-DayForum] Fair Market Value
In-Reply-To: <63141979.3640721242762587042.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>
	<63141979.3640721242762587042.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <BLU122-W139C9E35468B9EFF53C006B45B0@phx.gbl>


Thanks Tom ...
 


Date: Tue, 19 May 2009 19:49:47 +0000
From: tgarter at comcast.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Fair Market Value




Kyle,
Thanks for the definition, that is very good
Tom Garter
Successful 5 day home seller at market value
----- Original Message -----
From: "Kyle Cascioli" <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, May 19, 2009 3:39:56 PM GMT -05:00 US/Canada Eastern
Subject: [5-DayForum] Fair Market Value



Hi Everyone:
 
There seems to be a lot of debate over the term "Fair Market Value."
 
For what it is worth there is no such term defined by the Appraisal Institute - the recognized authority on real estate valuation post "Financial Institutions Reform Recovery and Enforcement Act (FIRREA)."
 
The act was passed by congress after the Savings & Loan debacle of the late 1980's, and required that all real estate appraisers be licensed and adhere to the "Uniform Standards of Professional Appraisal Practice (USPAP).
 
http://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery_and_Enforcement_Act_of_1989
 
"Fair Value" is an accounting term that historically refers to the depreciated reporting value of assets for tax purposes. 
 
In it's thirteenth edition (most current) of "The Appraisal of Real Estate," the Institute has no definition for "Fair Market Value."  It does have a definition for "Market Value."
 
Market Value:  The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgably, and for own self-interest, and assuming that neither is under undue duress."
 
So it would all seem to come down to what is "reasonable exposure" in the market, what is a "Fair Sale," and what is "undue duress."  
 
Each seller and buyer can decide this for themselves and make a deal or not.
 
There is no such thing as "Fair Market Value."
 
Best to all,
 
Kyle Cascioli
www.BarrettAssociatesCorp.com 



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From real.estate.professor at hotmail.com  Tue May 19 16:09:18 2009
From: real.estate.professor at hotmail.com (Kyle Cascioli)
Date: Tue, 19 May 2009 15:09:18 -0500
Subject: [5-DayForum] Fair Market Value
In-Reply-To: <D178684466D1426F9A9B6685BF16C8BE@NSKHome>
References: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>
	<D178684466D1426F9A9B6685BF16C8BE@NSKHome>
Message-ID: <BLU122-W175DAA1D3BA406B8C27D0DB45B0@phx.gbl>


Thanks Naji ...
 


From: nkhouri at cfl.rr.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 15:52:54 -0400
Subject: Re: [5-DayForum] Fair Market Value







Right on the Money!!! BTW, this applies to any commodity?
 
Thank you Kyle,
 
-Naji
 

http://www.zillow.com/?scrnnm=RachelRGrant




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 Kyle Cascioli
Sent: Tuesday, May 19, 2009 3:40 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] Fair Market Value
 
Hi Everyone:
 
There seems to be a lot of debate over the term "Fair Market Value."
 
For what it is worth there is no such term defined by the Appraisal Institute - the recognized authority on real estate valuation post "Financial Institutions Reform Recovery and Enforcement Act (FIRREA)."
 
The act was passed by congress after the Savings & Loan debacle of the late 1980's, and required that all real estate appraisers be licensed and adhere to the "Uniform Standards of Professional Appraisal Practice (USPAP).
 
http://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery_and_Enforcement_Act_of_1989
 
"Fair Value" is an accounting term that historically refers to the depreciated reporting value of assets for tax purposes. 
 
In it's thirteenth edition (most current) of "The Appraisal of Real Estate," the Institute has no definition for "Fair Market Value."  It does have a definition for "Market Value."
 
Market Value:  The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgably, and for own self-interest, and assuming that neither is under undue duress."
 
So it would all seem to come down to what is "reasonable exposure" in the market, what is a "Fair Sale," and what is "undue duress."  
 
Each seller and buyer can decide this for themselves and make a deal or not.
 
There is no such thing as "Fair Market Value."
 
Best to all,
 
Kyle Cascioli
www.BarrettAssociatesCorp.com 



Windows Live?: Keep your life in sync. Check it out.
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From MHeidbrink at express-news.net  Tue May 19 16:11:04 2009
From: MHeidbrink at express-news.net (Heidbrink, Mary)
Date: Tue, 19 May 2009 15:11:04 -0500
Subject: [5-DayForum] Fair Market Value
In-Reply-To: <BLU122-W139C9E35468B9EFF53C006B45B0@phx.gbl>
References: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl><63141979.3640721242762587042.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
	<BLU122-W139C9E35468B9EFF53C006B45B0@phx.gbl>
Message-ID: <A13A4B53F6CFBD47AA14E44976F35829018E96F0@RHOUEVS03.resource.hearstcorp.com>

please remove me from the e-mail list. 
 

Mary Heidbrink
e-mail: mheidbrink at express-news.net 

 

________________________________

From:
5-dayforum-bounces+mheidbrink=express-news.net at mailman.howtosellyourhome
in5days.com
[mailto:5-dayforum-bounces+mheidbrink=express-news.net at mailman.howtosell
yourhomein5days.com] On Behalf Of Kyle Cascioli
Sent: Tuesday, May 19, 2009 3:09 PM
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Fair Market Value


Thanks Tom ...
 

________________________________

Date: Tue, 19 May 2009 19:49:47 +0000
From: tgarter at comcast.net
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Fair Market Value


Kyle,
Thanks for the definition, that is very good
Tom Garter
Successful 5 day home seller at market value
----- Original Message -----
From: "Kyle Cascioli" <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, May 19, 2009 3:39:56 PM GMT -05:00 US/Canada Eastern
Subject: [5-DayForum] Fair Market Value

Hi Everyone:
 
There seems to be a lot of debate over the term "Fair Market Value."
 
For what it is worth there is no such term defined by the Appraisal
Institute - the recognized authority on real estate valuation post
"Financial Institutions Reform Recovery and Enforcement Act (FIRREA)."
 
The act was passed by congress after the Savings & Loan debacle of the
late 1980's, and required that all real estate appraisers be licensed
and adhere to the "Uniform Standards of Professional Appraisal Practice
(USPAP).
 
http://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery_and
_Enforcement_Act_of_1989
 
"Fair Value" is an accounting term that historically refers to the
depreciated reporting value of assets for tax purposes. 
 
In it's thirteenth edition (most current) of "The Appraisal of Real
Estate," the Institute has no definition for "Fair Market Value."  It
does have a definition for "Market Value."
 
Market Value:  The most probable price, as of a specified date, in cash,
or in terms equivalent to cash, or in other precisely revealed terms,
for which the specified property rights should sell after reasonable
exposure in a competitive market under all conditions requisite to a
fair sale, with the buyer and seller each acting prudently,
knowledgably, and for own self-interest, and assuming that neither is
under undue duress."
 
So it would all seem to come down to what is "reasonable exposure" in
the market, what is a "Fair Sale," and what is "undue duress."  
 
Each seller and buyer can decide this for themselves and make a deal or
not.
 
There is no such thing as "Fair Market Value."
 
Best to all,
 
Kyle Cascioli
www.BarrettAssociatesCorp.com <http://www.barrettassociatescorp.com/>  


________________________________

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From skyhighplanning at gmail.com  Tue May 19 16:18:28 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Tue, 19 May 2009 16:18:28 -0400
Subject: [5-DayForum] not so fast
In-Reply-To: <60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
	<60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
Message-ID: <85F76A12-4392-49B4-97A7-4E9992AF75B2@gmail.com>

Don't expect to educate your buyers on how to pay you more for your  
home.  You can educate yourself more on Marketing, timing, & the  
bidding process.  The only way to get the highest bidder's bid is for  
that buyer to show up at your sale.

Carlos A. Chica
Investor, Real Estate Solutions Co.
Succesful Seller
(646) 552-0107

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 19, 2009, at 3:57 PM, Linda Gray <go.jelinco at gmail.com> wrote:

> No worries JP...I'm not disappointed at all.  Since you agree that  
> what I say is true, then there must be some sort of solution to this  
> problem....there always is.  I'm just wondering if anyone knows if  
> there is a way to actually get the top price that the top bidder is  
> willing to pay for the house...not just where the bidding stops.  I  
> think that sellers don't want to leave any money on the table when  
> all is said and done.
>
> Also, what education do you propose in educating ourselves and more  
> importantly, our buyers (bidders)?
>
> Thanks,
> Linda
>
>
>
> On Tue, May 19, 2009 at 12:03 PM, John Paul Perez  
> <jpperez100 at msn.com> wrote:
> I have notice a trend on this forum. The biggest compliant I seem to  
> to hear over and over again, is the "true Market Value" of the  
> property. Linda what you say is true. Do you really expect your  
> buyers to pay more than they have to? I hate to disappoint you, but  
> they wont. There is only one (1) solution to this  
> problem......EDUCATION!!!! Sellers and Buyers both, need to be  
> educated on what exactly Fair market value is.
>
> As I have stated earlier, I have been selling homes using a method  
> similar to this for a while now and have been very successful.
>
> best of luck,
> Jp
>
> Date: Tue, 19 May 2009 11:49:55 -0500
> From: go.jelinco at gmail.com
>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] not so fast
>
> I've been thinking about this quite a bit lately.  I've been  
> comparing it to what happens on eBay.  I think that you are most  
> likely not going to get what the top bidder is willing to bid.  It  
> only stands to reason that if the second place bidder stops bidding,  
> the top bidder will also...even if they were willing to go ten,  
> twenty, fifty thousand dollars more. The last two bidders would have  
> to be only $500.00 apart in their minds to get to what the top  
> bidder was willing to bid.  This has been my personal experience on  
> eBay.  I have been willing to pay more  (sometimes quite a bit  
> more)...but didn't have to because the other bidders dropped out  
> early.
>
>  Also the marketing can bring very wide variations in the final  
> result.  I have seen wildly different ending prices on the exact  
> same items (and of course houses are more subjective and no two  
> properties are identical).   I think much of the difference was in  
> how it was presented (marketed).  Of course it's also the luck of  
> the draw about who happens to be looking when you are selling, how  
> savvy they are and how willing they are to wait for something else  
> to come along.
>
> ~Linda Gray
>
> On Tue, May 19, 2009 at 9:03 AM, SKY HIGH  
> <skyhighplanning at gmail.com> wrote:
> Once the bidding begins.  They will bid up to get the home & it will  
> not matter how low others started bidding.  You have to understand  
> that this has worked for others & it could work for you.  I agree  
> with Kyle, there could be several factors that caused the  
> disappointing results.  You have to be clear on what it takes &  
> avoid many common mistakes that will decrease chances of getting the  
> buyers you need.  If you can convince people that the home will be  
> sold Sunday night & your marketing is strong then those owner  
> occupant buyers will do anything possible to get the home.
>
> Carlos A. Chica
> Investor, Real Estate Solutions Co.
> 646-552-0107
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:
>
> or... when you offer your house at crazy low price, the real buyers  
> who actually fell in love with your house, get a quick eduction from  
> low ballers that come to the auction and refuse to pay fair market  
> value, because they don't want to look stupid and overbid seeing  
> that the low ballers are offering little to nothing.
>
>
>
>
>
>
> --- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:
>
> From: SKY HIGH <skyhighplanning at gmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Tuesday, May 19, 2009, 1:30 PM
>
> The key is to understand that there may always be Investors bidding  
> hoping to get a deal.  It's natural because the "low ballers" are  
> searching for an exceptional deal.  But you need to be concerned  
> with the two or three buyers that fall in love with the property &  
> will pay as close to market value as you can get them to through the  
> bidding process.  If you only are getting buyers who aren't  
> motivated enough to pay market value then it's very possible that  
> the marketing could use some work.
> The actual market value is only determined by the most recent  
> comparable sales.  That means real buyers have recently paid those  
> prices forsimilar properties.  If you only get low offers that means  
> your either unclear about curret market value or the buyers were  
> trying to buy under market value.
> Carlos A. Chica
> Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
> skyhighplanning at gmail.com
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:
>
> you know "fair market value" and "true market value" are all a  
> matter of semantics actually. the honest reason WHY people are  
> attracted to the system is because they are looking for "FAIR"  
> market value, at least that was my reason for it.  i don't believe  
> there is such a thing as true market value per se. you get a bunch  
> of low ballers together, and they will NOT  bid up to fair market  
> value, only true market value for them, and thats never true because  
> its not true for all parties concerned, thats why the sellers are  
> disspointed. so you have to question, wether the auction system  
> attracts low ballers and not real buyers... its kind of like what  
> you put out in the world, if you are going to dress up like a 2  
> penny whore but expect to be paid a few dollars, you are going to  
> attract a  customer who is going to expect to pay you 2 pennies not  
> a few dollars.
>
> --- On Tue, 5/19/09, Kyle Cascioli  
> <real.estate.professor at hotmail.com> wrote:
>
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:57 PM
>
> Market's are not fair.  I don't believe Bill uses the term "fair  
> market value."
>
> If you have a successful pre-5 Day Sale marketing campaign and a  
> sufficient base of owner-buyer bidders you will get "true market"  
> offers.
>
> Auctioning is nothing new.  Our entire economy is based on the  
> principle.  This is why we auction of T-Bills.
>
> We would all need to know more about the specifics of your property,  
> market, sub-market, etc., to know why you achieved the result that  
> you did.
>
> We want your feedback, understand your disappointment, but question  
> your belief that the method doesn't work.  It does work.  It just  
> didn't work for you given your expectation on a given day.  Why do  
> you think it didn't work for you that day?
>
> Best,
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
>
>
> Date: Tue, 19 May 2009 05:49:15 -0700
> From: macycles at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] not so fast
>
> that does not make sense what you said Kyle, of course  it generated  
> an offer. i can get an offer any day on my property at 30% below  
> market, i don't need to do an auction for that. the 5 day auction  
> says that at the end you should at least generate fare market value,  
> that's the whole point of its proclaimed success, and thats why  
> people are attracted to it, by the promise of generating a fair  
> market value.  There is nothing successful about being low balled  
> and now being pressured into selling it at that price, like this  
> woman below was describing. if that happened to me after all the  
> effort and work of organizing an auction, i would as well be pretty  
> disspointed.  but then again, may be for you Kyle, selling at a low  
> ball price is a success, i just can't see it how its a success for  
> most people.
>
> --- On Tue, 5/19/09, Kyle Cascioli  
> <real.estate.professor at hotmail.com> wrote:
>
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:29 PM
>
> If the process generated an offer where none was generated before,  
> then by definition "it worked."
>
> The market spoke to you , but you didn;t like what it had to say.   
> You are not alone.
>
> Best luck moving forward.
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
> > Date: Sun, 17 May 2009 22:31:43 -0400
> > From: patrycja at MIT.EDU
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] Did the Open House this weekend and bidding
> >
> > Hi,
> >
> > My husband and I did everything by the book. We live and own a  
> condo in
> > Cambridge, MA which is still a good market. Got over 25 calls and  
> over 60
> > different people in 2 days. We just finished the bidding at 280K  
> which is way
> > below the market price for a condo in Cambridge of the kind we are  
> selling -
> > the lowest one can expect for this is 320K, the average is like  
> $350K. Most
> > people who came in were looking for a bargain, they were smart but  
> they just
> > could not get over the enormous price difference jump from 174,500  
> which we
> > listed it at. There is something wrong here when the top bidder is  
> a real
> > estate agent who is now pressuring us to sell it to him b/c he  
> knows it is way
> > under market value.
> >
> > The method does not work and it needs serious tweaks. It was an  
> enormously
> > draining experience for us.
> >
> > Please keep this in mind.
> > Patricia and Dmitry
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman..howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> Insert movie times and more without leaving Hotmail?. See how.
>
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From skyhighplanning at gmail.com  Tue May 19 16:19:58 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Tue, 19 May 2009 16:19:58 -0400
Subject: [5-DayForum] [AMount owed on property
In-Reply-To: <BLU122-W1649D35A0E4AB9EF22628DB45B0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl><60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com><BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
	<BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>
	<8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>
	<BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl>
	<692243.99116.qm@web53111.mail.re2.yahoo.com>
	<BLU122-W1649D35A0E4AB9EF22628DB45B0@phx.gbl>
Message-ID: <6BD6994D-2DE1-4703-AAF7-682C1D1FCA96@gmail.com>

Kyle,

Everyone can access public records but I believe the concern was  
knowing the current balance which would not be updated on public  
records.

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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 19, 2009, at 3:42 PM, Kyle Cascioli <real.estate.professor at hotmail.com 
 > wrote:

> Are liens (mortgages are liens) not recorded in Michigan?
>
> If a lien is recorded it is in the public domain.  If it is in the  
> public domain, then anyone can obtain the information.
>
> Kyle
>
> Date: Tue, 19 May 2009 12:30:15 -0700
> From: damian_colden at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] [AMount owed on property
>
> At least here in Michigan, even Title Companies need written  
> authorization from the borrower to request a payoff.
>
> Dac Colden
> Realtor
> The KatieDidIt! Team
> Keller Williams Realty
> Grand Blanc, MI
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Tuesday, May 19, 2009 3:05:02 PM
> Subject: Re: [5-DayForum] [AMount owed on property
>
> Conrad:
>
> That's why I suggested using a title company and public records.
>
> Are you having a bad day?
>
> Kyle
>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 19 May 2009 11:54:53 -0400
> From: lbicon at aol.com
> Subject: Re: [5-DayForum] [AMount owed on property
>
> Kyle,
>
> The public cannot call mortgage companies for other peoples payoffs.  
> Come on man.
>
> Conrad
>
>
> -----Original Message-----
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Tue, 19 May 2009 8:28 am
> Subject: Re: [5-DayForum] Price very low - problems
>
> Title company will call mortgagee for payoff.  You can do the same.
>
> KC
>
> Date: Tue, 19 May 2009 08:50:51 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems
>
> Kyle,
>
> I think that you are not answering the question (or I am  
> misunderstanding).  How can anyone find out how much is owed  
> presently on any loan.  If the homeowner is putting an extra $2000  
> onto the principle monthly or came into money and put a lump sum of  
> $50,000...how would you know?  Will the title company give you the  
> present balance owed?
>
> Thanks,
> Linda
>
>
> On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli & lt;real.estate.professor at hotmail.com 
> > wrote:
> Linda:
>
> Here in Colorado we have a public trustee that holds all deeds in  
> trust.
>
> In most states, you can go online at the County Assessor's website  
> and look up the property by parcel number or address.  Since there  
> is a lag to debt and liens being recorded, it is best to go down to  
> the assessors office and ask to see the file for any "pending"  
> liens, etc.
>
> The easiest way to get this information is to call a title company  
> and ask them to run a title report.  Most will do it for free or a  
> small fee.
>
> Good luck,
>
> Kyle Cascioli
> www.AuctionByBuilder.com
>
> Date: Mon, 18 May 2009 07:46:24 -0500
>
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems
>
> Kyle,
>
> If there is some way that you know of where buyers can find out  
> exactly what is owed on a property, please let us know how.
>
> Thanks,
> Linda
>
> On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com 
> > wrote:
> What is owed on a property is a matter of public record and buyers  
> can learn of that if they know how to research it.
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
> > Date: Thu, 14 May 2009 22:01:43 -0500
> > From: go.jelinco at gmail.com
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: Re: [5-DayForum] Price very low - problems
>
> >
> > They can't know what you owe...they can only speculate based on the
> > original loan amount that they calculated ...and they are guessing
> > that you haven't put any extra money toward the principle. They  
> can't
> > call your bank and find out what the balance is. The bank can not
> > discuss your account with anyone but you without written permission.
> > It's really none of their business...and behaving badly just proves
> > that they are interested as well as confused. Hold strong.
> >
> > Hope this helps,
> > Linda
> >
> > On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > > Hi,
> > >
> > > Regarding the price being slightly less than half of what we  
> expect.
> > >
> > > Well, we have it listed on craigslist for the Boston area and  
> people here
> &g t; > have
> > > actually been looking up our house and mortgage on it and we  
> have had
> > > several
> > > people email us and say that since the listing price is lower  
> than the
> > > mortgage
> > > - it sounds very suspicious and that it is misrepresentation.  
> Especially
> > > since
> > > they know that the price listed is less than what's still owed  
> to the bank.
> > >
> > > People here in Boston are quite aggressive and they are actually  
> getting
> > > upset
> > > at us listing at a price that is not what we are willing to sell  
> the
> > > house for.
> > > We have had more than one call about it.
> > >
> > > Just thought you may want to know, I am actually getting worried  
> about
> > > our open
> > > house and how much of that we'll have to face.
> > >
> > > Thanks,
> > > patricia
> > >
> > >
> > >
> > >
> > > _______________________________________________
> > > 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.howtose llyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> Insert movie times and more without leaving Hotmail?. See how.
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
> Hotmail? has ever-growing storage! Don?t worry about storage  
> limits. Check it out.
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
>
> Insert movie times and more without leaving Hotmail?. See how. =
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
> A strong credit score is 700 or above. See Yours in Just 2 Easy Steps!
>
> Insert movie times and more without leaving Hotmail?. See how.
>
>
> Hotmail? goes with you. Get it on your BlackBerry or iPhone.
> _______________________________________________
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From damian_colden at yahoo.com  Tue May 19 16:21:37 2009
From: damian_colden at yahoo.com (Damian Colden)
Date: Tue, 19 May 2009 13:21:37 -0700 (PDT)
Subject: [5-DayForum] [AMount owed on property
In-Reply-To: <BLU122-W1649D35A0E4AB9EF22628DB45B0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl><60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com><BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl>
	<60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com>
	<BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>
	<8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>
	<BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl>
	<692243.99116.qm@web53111.mail.re2.yahoo.com>
	<BLU122-W1649D35A0E4AB9EF22628DB45B0@phx.gbl>
Message-ID: <129612.98390.qm@web53107.mail.re2.yahoo.com>


________________________________
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, May 19, 2009 3:42:16 PM
Subject: Re: [5-DayForum] [AMount owed on property

 Are liens (mortgages are liens) not recorded in Michigan? 

Yes. Liens are recorded.
 
If a lien is recorded it is in the public domain.  

Agreed.

If it is in the public domain, then anyone can obtain the information.
 
The original amount of the lien. Not the amount OWED on that lien.

I just checked the public records for my house.

Dac Colden
 
________________________________
 Date: Tue, 19 May 2009 12:30:15 -0700
From: damian_colden at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] [AMount owed on property

 
At least here in Michigan, even Title Companies need written authorization from the borrower to request a payoff.

 Dac Colden 
Realtor
The KatieDidIt! Team
Keller Williams Realty

Grand Blanc, MI


________________________________
 From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tuesday, May 19, 2009 3:05:02 PM
Subject: Re: [5-DayForum] [AMount owed on property

 Conrad:
 
That's why I suggested using a title company and public records.
 
Are you having a bad day?
 
Kyle
 
________________________________
 To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 11:54:53 -0400
From: lbicon at aol.com
Subject: Re: [5-DayForum] [AMount owed on property


Kyle,
 
The public cannot call mortgage companies for other peoples payoffs. Come on man.
 
Conrad


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 8:28 am
Subject: Re: [5-DayForum] Price very low - problems


 Title company will call mortgagee for payoff.  You can do the same.
 
KC
 
________________________________
 Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstanding).  How can anyone find out how much is owed presently on any loan.  If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?  Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli & lt;real.estate.professor at hotmail.com> wrote:

Linda:
 
Here in Colorado we have a public trustee that holds all deeds in trust.
 
In most states, you can go online at the County Assessor's website and look up the property by parcel number or address.  Since there is a lag to debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
 
The easiest way to get this information is to call a title company and ask them to run a title report.  Most will do it for free or a small fee.
 
Good luck,
 
Kyle Cascioli
www.AuctionByBuilder.com 
 
________________________________
 Date: Mon, 18 May 2009 07:46:24 -0500 

From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

What is owed on a property is a matter of public record and buyers can learn of that if they know how to research it.
 
Kyle Cascioli
www.AuctionBySeller.com 
 
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 

> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
&g t; > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 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.howtose llyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From go.jelinco at gmail.com  Tue May 19 16:47:59 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Tue, 19 May 2009 15:47:59 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <85F76A12-4392-49B4-97A7-4E9992AF75B2@gmail.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
	<60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
	<85F76A12-4392-49B4-97A7-4E9992AF75B2@gmail.com>
Message-ID: <60ff2e4d0905191347l75ccb298l1e7c51cac9381662@mail.gmail.com>

I agree that the best way to get the most for the house is to market well,
however, this still does not address the challenge of having two or three
real bidders that can and will close on the house but at the same time have
made wildly differing determinations of what the property is worth.  For
instance, when down two bidders left and one has a walk away price of
$325,000.00 and the other has their walk away price at $287,000.00.  The top
bidder will get the house for $287,500.00 which is $37,500.00 less than they
would have willingly paid for the house.  If there was some way to determine
when there is a large discrepancy between the two top bidders, then the home
owner would be in a better position to get what the market will actually
bear.  Otherwise, the owner looses money that the buyer was willing to pay.


~Linda

On Tue, May 19, 2009 at 3:18 PM, SKY HIGH <skyhighplanning at gmail.com> wrote:

> Don't expect to educate your buyers on how to pay you more for your home.
>  You can educate yourself more on Marketing, timing, & the bidding process.
>  The only way to get the highest bidder's bid is for that buyer to show up
> at your sale.
>
> Carlos A. ChicaInvestor, Real Estate Solutions Co.
> Succesful Seller
> (646) 552-0107
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 3:57 PM, Linda Gray <go.jelinco at gmail.com> wrote:
>
> No worries JP...I'm not disappointed at all.  Since you agree that what I
> say is true, then there must be some sort of solution to this
> problem....there always is.  I'm just wondering if anyone knows if there is
> a way to actually get the top price that the top bidder is willing to pay
> for the house...not just where the bidding stops.  I think that sellers
> don't want to leave any money on the table when all is said and done.
>
> Also, what education do you propose in educating ourselves and more
> importantly, our buyers (bidders)?
>
> Thanks,
> Linda
>
>
>
> On Tue, May 19, 2009 at 12:03 PM, John Paul Perez < <jpperez100 at msn.com>
> jpperez100 at msn.com> wrote:
>
>>  I have notice a trend on this forum. The biggest compliant I seem to to
>> hear over and over again, is the "true Market Value" of the property. Linda
>> what you say is true. Do you really expect your buyers to pay more than they
>> have to? I hate to disappoint you, but they wont. There is only one (1)
>> solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to
>> be educated on what exactly Fair market value is.
>>
>> As I have stated earlier, I have been selling homes using a method similar
>> to this for a while now and have been very successful.
>>
>> best of luck,
>> Jp
>>
>> ------------------------------
>> Date: Tue, 19 May 2009 11:49:55 -0500
>> From: <go.jelinco at gmail.com>go.jelinco at gmail.com
>> To: <5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com
>> Subject: Re: [5-DayForum] not so fast
>>
>> I've been thinking about this quite a bit lately.  I've been comparing it
>> to what happens on eBay.  I think that you are most likely not going to get
>> what the top bidder is willing to bid.  It only stands to reason that if the
>> second place bidder stops bidding, the top bidder will also...even if they
>> were willing to go ten, twenty, fifty thousand dollars more. The last two
>> bidders would have to be only $500.00 apart in their minds to get to what
>> the top bidder was willing to bid.  This has been my personal experience on
>> eBay.  I have been willing to pay more  (sometimes quite a bit more)...but
>> didn't have to because the other bidders dropped out early.
>>
>>  Also the marketing can bring very wide variations in the final result.  I
>> have seen wildly different ending prices on the exact same items (and of
>> course houses are more subjective and no two properties are identical).   I
>> think much of the difference was in how it was presented (marketed).  Of
>> course it's also the luck of the draw about who happens to be looking when
>> you are selling, how savvy they are and how willing they are to wait for
>> something else to come along.
>>
>> ~Linda Gray
>>
>> On Tue, May 19, 2009 at 9:03 AM, SKY HIGH < <skyhighplanning at gmail.com>
>> skyhighplanning at gmail.com> wrote:
>>
>>  Once the bidding begins.  They will bid up to get the home & it will not
>> matter how low others started bidding.  You have to understand that this has
>> worked for others & it could work for you.  I agree with Kyle, there could
>> be several factors that caused the disappointing results.  You have to be
>> clear on what it takes & avoid many common mistakes that will decrease
>> chances of getting the buyers you need.  If you can convince people that the
>> home will be sold Sunday night & your marketing is strong then those owner
>> occupant buyers will do anything possible to get the home.
>>
>> Carlos A. Chica Investor, Real Estate Solutions Co.
>> 646-552-0107
>>
>> Coming Soon:
>>
>>  <http://www.skyhighplanning.com/>www.SKYHIGHPLANNING.com
>>
>> "It's kind of Fun to do the Impossible"
>>
>>  -  Walt Disney
>>
>> On May 19, 2009, at 9:41 AM, M A < <macycles at yahoo.com>macycles at yahoo.com>
>> wrote:
>>
>>    or... when you offer your house at crazy low price, the real buyers
>> who actually fell in love with your house, get a quick eduction from low
>> ballers that come to the auction and refuse to pay fair market value,
>> because they don't want to look stupid and overbid seeing that the low
>> ballers are offering little to nothing.
>>
>>
>>
>>
>>
>>
>> --- On *Tue, 5/19/09, SKY HIGH < <skyhighplanning at gmail.com>
>> skyhighplanning at gmail.com>* wrote:
>>
>>
>> From: SKY HIGH < <skyhighplanning at gmail.com>skyhighplanning at gmail.com>
>> Subject: Re: [5-DayForum] not so fast
>> To: "How To Sell Your Home in 5-Days" <<5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Tuesday, May 19, 2009, 1:30 PM
>>
>>  The key is to understand that there may always be Investors bidding
>> hoping to get a deal.  It's natural because the "low ballers" are searching
>> for an exceptional deal.  But you need to be concerned with the two or three
>> buyers that fall in love with the property & will pay as close to market
>> value as you can get them to through the bidding process.  If you only are
>> getting buyers who aren't motivated enough to pay market value then it's
>> very possible that the marketing could use some work.
>> The actual market value is only determined by the most recent comparable
>> sales.  That means real buyers have recently paid those prices forsimilar
>> properties.  If you only get low offers that means your either unclear about
>> curret market value or the buyers were trying to buy under market value.
>> Carlos A. Chica Sky High Planning, Inc.
>> 7380 Sand Lake Rd.  #500
>> Orlando, FL  32819
>> Office:  (407) 352-3220
>> Fax:      (407) 738-4816
>> Cell:      (646) 552-0107
>>  <http://mc/compose?to=skyhighplanning at gmail.com><skyhighplanning at gmail.com>
>> skyhighplanning at gmail.com
>>
>> Coming Soon:
>>
>>  <http://www.skyhighplanning.com/> <http://www.skyhighplanning.com/>
>> www.SKYHIGHPLANNING.com
>>
>> "It's kind of Fun to do the Impossible"
>>
>>  -  Walt Disney
>>
>> On May 19, 2009, at 9:16 AM, M A <<http://mc/compose?to=macycles at yahoo.com><macycles at yahoo.com>
>> macycles at yahoo.com> wrote:
>>
>>    you know "fair market value" and "true market value" are all a matter
>> of semantics actually. the honest reason WHY people are attracted to the
>> system is because they are looking for "FAIR" market value, at least that
>> was my reason for it.  i don't believe there is such a thing as true market
>> value per se. you get a bunch of low ballers together, and they will NOT
>> bid up to fair market value, only true market value for them, and thats
>> never true because its not true for all parties concerned, thats why the
>> sellers are disspointed. so you have to question, wether the auction system
>> attracts low ballers and not real buyers... its kind of like what you put
>> out in the world, if you are going to dress up like a 2 penny whore but
>> expect to be paid a few dollars, you are going to attract a  customer who is
>> going to expect to pay you 2 pennies not a few dollars.
>>
>> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com>* wrote:
>>
>>
>> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com>
>> Subject: Re: [5-DayForum] not so fast
>> To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com
>> Date: Tuesday, May 19, 2009, 12:57 PM
>>
>> Market's are not fair.  I don't believe Bill uses the term "fair
>> market value."
>>
>> If you have a successful pre-5 Day Sale marketing campaign and a
>> sufficient base of owner-buyer bidders you will get "true market" offers.
>>
>> Auctioning is nothing new.  Our entire economy is based on the principle.
>> This is why we auction of T-Bills.
>>
>> We would all need to know more about the specifics of your property,
>> market, sub-market, etc., to know why you achieved the result that you did.
>>
>> We want your feedback, understand your disappointment, but question your
>> belief that the method doesn't work.  It does work.  It just didn't work for
>> you given your expectation on a given day.  Why do you think it didn't work
>> for you that day?
>>
>> Best,
>>
>> Kyle Cascioli
>> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/><http://www.auctionbyseller.com/>
>> www.AuctionBySeller.com
>>
>>
>>
>> ------------------------------
>> Date: Tue, 19 May 2009 05:49:15 -0700
>> From: <http://mc/compose?to=macycles at yahoo.com><http://mc/compose?to=macycles at yahoo.com><macycles at yahoo.com>
>> macycles at yahoo.com
>> To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com
>> Subject: [5-DayForum] not so fast
>>
>>   that does not make sense what you said Kyle, of course  it generated an
>> offer. i can get an offer any day on my property at 30% below market, i
>> don't need to do an auction for that. the 5 day auction says that at the end
>> you should at least generate fare market value, that's the whole point of
>> its proclaimed success, and thats why people are attracted to it, by the
>> promise of generating a fair market value.  There is nothing successful
>> about being low balled and now being pressured into selling it at that
>> price, like this woman below was describing. if that happened to me after
>> all the effort and work of organizing an auction, i would as well be pretty
>> disspointed.  but then again, may be for you Kyle, selling at a low ball
>> price is a success, i just can't see it how its a success for most people.
>>
>> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com>* wrote:
>>
>>
>> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com>
>> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
>> To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days..com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com
>> Date: Tuesday, May 19, 2009, 12:29 PM
>>
>> If the process generated an offer where none was generated before, then by
>> definition "it worked."
>>
>> The market spoke to you , but you didn;t like what it had to say.  You are
>> not alone.
>>
>> Best luck moving forward.
>>
>> Kyle Cascioli
>> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/><http://www.auctionbyseller.com/>
>> www.AuctionBySeller.com
>>
>> > Date: Sun, 17 May 2009 22:31:43 -0400
>> > From: <http://mc/compose?to=patrycja at MIT.EDU><http://mc/compose?to=patrycja at MIT.EDU><patrycja at MIT.EDU>
>> patrycja at MIT.EDU
>> > To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com
>> > Subject: [5-DayForum] Did the Open House this weekend and bidding
>> >
>> > Hi,
>> >
>> > My husband and I did everything by the book. We live and own a condo in
>> > Cambridge, MA which is still a good market. Got over 25 calls and over
>> 60
>> > different people in 2 days. We just finished the bidding at 280K which
>> is way
>> > below the market price for a condo in Cambridge of the kind we are
>> selling -
>> > the lowest one can expect for this is 320K, the average is like $350K.
>> Most
>> > people who came in were looking for a bargain, they were smart but they
>> just
>> > could not get over the enormous price difference jump from 174,500 which
>> we
>> > listed it at. There is something wrong here when the top bidder is a
>> real
>> > estate agent who is now pressuring us to sell it to him b/c he knows it
>> is way
>> > under market value.
>> >
>> > The method does not work and it needs serious tweaks. It was an
>> enormously
>> > draining experience for us.
>> >
>> > Please keep this in mind.
>> > Patricia and Dmitry
>> >
>> >
>> >
>> >
>> > _______________________________________________
>> > 5-DayForum mailing list
>> > 5-DayForum at mailman..howtosellyourhomein5days.com
>> >
>> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman..howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum>
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>> ------------------------------
>> Insert movie times and more without leaving Hotmail?. See how.<http://windowslive.com/Tutorial/Hotmail/QuickAdd?ocid=TXT_TAGLM_WL_HM_Tutorial_QuickAdd1_052009>
>>
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>> 5-DayForum mailing list
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>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum>
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>
>> ------------------------------
>> Hotmail? has ever-growing storage! Don?t worry about storage limits. Check
>> it out.<http://windowslive.com/Tutorial/Hotmail/Storage?ocid=TXT_TAGLM_WL_HM_Tutorial_Storage1_052009>
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>> _______________________________________________
>> 5-DayForum mailing list
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>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum>
>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>  _______________________________________________
>> 5-DayForum mailing list
>> <http://mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com><5-DayForum at mailman.howtosellyourhomein5days.com>
>> 5-DayForum at mailman.howtosellyourhomein5days.com
>> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><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><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>
>> 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>
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>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
>>
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>> Hotmail? has ever-growing storage! Don?t worry about storage limits. Check
>> it out.<http://windowslive.com/Tutorial/Hotmail/Storage?ocid=TXT_TAGLM_WL_HM_Tutorial_Storage1_052009>
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>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>
>>
> _____________________________
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>  <5-DayForum at mailman.howtosellyourhomein5days.com>
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From tgarter at comcast.net  Tue May 19 16:56:10 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Tue, 19 May 2009 20:56:10 +0000 (UTC)
Subject: [5-DayForum] not so fast
In-Reply-To: <60ff2e4d0905191347l75ccb298l1e7c51cac9381662@mail.gmail.com>
Message-ID: <186733676.3675881242766570570.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Linda, 
I just sold a house on with Bill 5 day Method - totally by the book. The winning bidder told me their walk away price was 130,000, yet they paid 145,000 
Tom Garter - successful 5 day seller 
----- Original Message ----- 
From: "Linda Gray" <go.jelinco at gmail.com> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Tuesday, May 19, 2009 4:47:59 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] not so fast 

I agree that the best way to get the most for the house is to market well, however, this still does not address the challenge of having two or three real bidders that can and will close on the house but at the same time have made wildly differing determinations of what the property is worth. For instance, when down two bidders left and one has a walk away price of $325,000.00 and the other has their walk away price at $287,000.00. The top bidder will get the house for $287,500.00 which is $37,500.00 less than they would have willingly paid for the house. If there was some way to determine when there is a large discrepancy between the two top bidders, then the home owner would be in a better position to get what the market will actually bear. Otherwise, the owner looses money that the buyer was willing to pay. 

~Linda 


On Tue, May 19, 2009 at 3:18 PM, SKY HIGH < skyhighplanning at gmail.com > wrote: 




Don't expect to educate your buyers on how to pay you more for your home. You can educate yourself more on Marketing, timing, & the bidding process. The only way to get the highest bidder's bid is for that buyer to show up at your sale. 


Carlos A. Chica 
Investor, Real Estate Solutions Co. 
Succesful Seller 
(646) 552-0107 



Coming Soon: 


www.SKYHIGHPLANNING.com 


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


- Walt Disney 




On May 19, 2009, at 3:57 PM, Linda Gray < go.jelinco at gmail.com > wrote: 








No worries JP...I'm not disappointed at all. Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is. I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops. I think that sellers don't want to leave any money on the table when all is said and done. 

Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)? 

Thanks, 
Linda 




On Tue, May 19, 2009 at 12:03 PM, John Paul Perez < jpperez100 at msn.com > wrote: 



I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is. 

As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful. 

best of luck, 
Jp 


Date: Tue, 19 May 2009 11:49:55 -0500 
From: go.jelinco at gmail.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com 



Subject: Re: [5-DayForum] not so fast 

I've been thinking about this quite a bit lately. I've been comparing it to what happens on eBay. I think that you are most likely not going to get what the top bidder is willing to bid. It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid. This has been my personal experience on eBay. I have been willing to pay more (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early. 

Also the marketing can bring very wide variations in the final result. I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical). I think much of the difference was in how it was presented (marketed). Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along. 

~Linda Gray 


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH < skyhighplanning at gmail.com > wrote: 




Once the bidding begins. They will bid up to get the home & it will not matter how low others started bidding. You have to understand that this has worked for others & it could work for you. I agree with Kyle, there could be several factors that caused the disappointing results. You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need. If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home. 

Carlos A. Chica 
Investor, Real Estate Solutions Co. 
646-552-0107 



Coming Soon: 


www.SKYHIGHPLANNING.com 


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


- Walt Disney 




On May 19, 2009, at 9:41 AM, M A < macycles at yahoo.com > wrote: 






	or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing. 






--- On Tue, 5/19/09, SKY HIGH < skyhighplanning at gmail.com > wrote: 



From: SKY HIGH < skyhighplanning at gmail.com > 
Subject: Re: [5-DayForum] not so fast 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Date: Tuesday, May 19, 2009, 1:30 PM 



The key is to understand that there may always be Investors bidding hoping to get a deal. It's natural because the "low ballers" are searching for an exceptional deal. But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process. If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work. 
The actual market value is only determined by the most recent comparable sales. That means real buyers have recently paid those prices forsimilar properties. If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 
Sky High Planning, Inc. 
7380 Sand Lake Rd. #500 
Orlando, FL 32819 
Office: (407) 352-3220 
Fax: (407) 738-4816 
Cell: (646) 552-0107 
skyhighplanning at gmail.com 


Coming Soon: 


www.SKYHIGHPLANNING.com 


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


- Walt Disney 

On May 19, 2009, at 9:16 AM, M A < macycles at yahoo.com > wrote: 






	you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it. i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli < real.estate.professor at hotmail.com > wrote: 



From: Kyle Cascioli < real.estate.professor at hotmail.com > 
Subject: Re: [5-DayForum] not so fast 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Date: Tuesday, May 19, 2009, 12:57 PM 


Market's are not fair. I don't believe Bill uses the term "fair market value." 

If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers. 

Auctioning is nothing new. Our entire economy is based on the principle. This is why we auction of T-Bills. 

We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did. 

We want your feedback, understand your disappointment, but question your belief that the method doesn't work. It does work. It just didn't work for you given your expectation on a given day. Why do you think it didn't work for you that day? 

Best, 

Kyle Cascioli 
www.AuctionBySeller.com 




Date: Tue, 19 May 2009 05:49:15 -0700 
From: macycles at yahoo.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: [5-DayForum] not so fast 


	that does not make sense what you said Kyle, of course it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value. There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed. but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people. 

--- On Tue, 5/19/09, Kyle Cascioli < real.estate.professor at hotmail.com > wrote: 



From: Kyle Cascioli < real.estate.professor at hotmail.com > 
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Date: Tuesday, May 19, 2009, 12:29 PM 


If the process generated an offer where none was generated before, then by definition "it worked." 

The market spoke to you , but you didn;t like what it had to say. You are not alone. 

Best luck moving forward. 

Kyle Cascioli 
www.AuctionBySeller.com 

> Date: Sun, 17 May 2009 22:31:43 -0400 
> From: patrycja at MIT.EDU 
> To: 5-dayforum at mailman.howtosellyourhomein5days.com 
> Subject: [5-DayForum] Did the Open House this weekend and bidding 
> 
> Hi, 
> 
> My husband and I did everything by the book. We live and own a condo in 
> Cambridge, MA which is still a good market. Got over 25 calls and over 60 
> different people in 2 days. We just finished the bidding at 280K which is way 
> below the market price for a condo in Cambridge of the kind we are selling - 
> the lowest one can expect for this is 320K, the average is like $350K. Most 
> people who came in were looking for a bargain, they were smart but they just 
> could not get over the enormous price difference jump from 174,500 which we 
> listed it at. There is something wrong here when the top bidder is a real 
> estate agent who is now pressuring us to sell it to him b/c he knows it is way 
> under market value. 
> 
> The method does not work and it needs serious tweaks. It was an enormously 
> draining experience for us. 
> 
> Please keep this in mind. 
> Patricia and Dmitry 
> 
> 
> 
> 
> _______________________________________________ 
> 5-DayForum mailing list 
> 5-DayForum at mailman.. howtosellyourhomein5days.com 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


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v> 




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From kdesignsinc at comcast.net  Mon May 18 14:18:19 2009
From: kdesignsinc at comcast.net (kdesignsinc at comcast.net)
Date: Mon, 18 May 2009 18:18:19 +0000 (UTC)
Subject: [5-DayForum] Quick Observations
In-Reply-To: <4A118CB9.5020405@effros.com>
Message-ID: <495389429.9389171242670699395.JavaMail.root@sz0062a.emeryville.ca.mail.comcast.net>



Dear Bill: 



I realize that you receive thousands of e-mails.? However, I need to know from you and your forum, if a house in the 4.5 to 5 million dollar range will work with this system.? I respectfully request an answer about this as I am in need of selling this property. 

Thank you, 

Kay 
----- Original Message ----- 
From: "Bill Effros" <bill at effros.com> 
To: "5-DayForum" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Monday, May 18, 2009 9:28:41 AM GMT -08:00 US/Canada Pacific 
Subject: [5-DayForum] Quick Observations 

No time for this, but here goes. 

Find the detail in the archives. 

1. ?Change the subject line when you change the subject so that others 
will be able to find your comments in the archives in the future. 

2. ?I know of literally tens of thousands of people who have used the 
5-Day Method successfully over the past 20 years in homes ranging from 
$20,000 to in excess of $5,000,000. 

3. ?Your home is currently worth what you can get for it after running a 
5-Day Sale properly. 

4. ?"Properly" means starting at 50% of what you think it is worth, 
dropped down to a "magic number" and then actually taking the high bid 
no matter what it is. 

5. ?While some people who fudge 5-Day Sales succeed, most fail. 

6. ?When times were "good" and home values were inflated by bank 
appraisals, people who refused to sell their home to the high bidders 
complained that they couldn't get a 5-Day offer for what the bank said 
their home was worth. ?They never again got as high an offer if they had 
run their 5-Day Sale properly in the first place. 

7. ?Please identify yourself in a meaningful way under your name so new 
sellers will understand they are looking at advice from someone who has 
never tried the method, or from someone who modified the method and then 
failed, or from someone who is a professional. 

8. ?I can't answer questions on a regular basis, and I haven't rigged 
this web site so all you see are my answers. ?If you want to see my 
answers, go to the archives and see what I have to say. ?I try to change 
subject lines so you can find back my comments. ?Sort the archives by 
author, then look at subject lines. ?This will also help you evaluate 
the responses you get from others. 

Bill Effros 
Author 

PS -- In my OPINION, we are headed for incredible inflation and home 
values will again exceed mortgage amounts -- if you can afford to hang 
on for that long. ?There is no telling when this will start to gallop, 
but it will. ?If you sell low and buy low it doesn't matter--as long as 
you can afford to buy after selling. 

Many, many homes will be abandoned and torn down. ?"Ghost Towns" will 
develop. ?These homes have no current value, and no matter how much 
lipstick you put on these pigs, they are still pigs. ?Anyone who pays 
money for them now will get stuck -- whether that money comes in the 
form of "bailouts" "foreclosures" "speculators" or "flippers". 

Don't throw good money after bad. 

Here is a link from the Wall Street Journal confirming that the "tear 
down" trend has begun. ?If you look at the archives you will find this 
is not the first time I have predicted this. 

http://online.wsj.com/article/SB124148169574985359.html 




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From kdesignsinc at comcast.net  Mon May 18 16:04:32 2009
From: kdesignsinc at comcast.net (kdesignsinc at comcast.net)
Date: Mon, 18 May 2009 20:04:32 +0000 (UTC)
Subject: [5-DayForum] Quick Observations
In-Reply-To: <793929BC7AC94A0DA4A5FE7CC19D15A1@GEDELL690XP64>
Message-ID: <860334647.9442241242677072479.JavaMail.root@sz0062a.emeryville.ca.mail.comcast.net>



Dear Patricia, 



This sounds very disheartening...I am trying to find out if anyone has had any success with very high-end homes during this market.? Haven't heard any feed-back just yet.?? I have a property that has to be "rented" if I cannot sell it...and it's a brand new TOTAL remodel...dare I try this method? 

Kay 
----- Original Message ----- 
From: "Patrycja Vasilyev Missiuro" <patrycja at mit.edu> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Monday, May 18, 2009 12:55:52 PM GMT -08:00 US/Canada Pacific 
Subject: Re: [5-DayForum] Quick Observations 

To:Bill Effros & everyone else on 5-day forum 

Since we just had our auction, here is my reply: 

Re: #4: If we are to do this "properly", we should sell our house right now 
to a real estate agent who ended up the highest bidder for the final bid. 
That bid is without any doubt $60K below the market price. 

We did everything properly, given that we had 47 bidders and over 70 people 
seeing our house this weekend. Still, a failure and quite stressful. 

I will probably email this forum when we actually sell our house. Then I 
will give everyone exact numbers of how much more we got just by going the 
more traditional way. For those who are still planning to go with their 
5-day sale, think twice and be prepared not to succeed. 

Thank you, 
Patricia 
(the now very skeptical 5-day seller) 

----- Original Message ----- 
From: "Bill Effros" <bill at effros.com> 
To: "5-DayForum" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Monday, May 18, 2009 12:28 PM 
Subject: [5-DayForum] Quick Observations 


> No time for this, but here goes. 
> 
> Find the detail in the archives. 
> 
> 1. ?Change the subject line when you change the subject so that others 
> will be able to find your comments in the archives in the future. 
> 
> 2. ?I know of literally tens of thousands of people who have used the 
> 5-Day Method successfully over the past 20 years in homes ranging from 
> $20,000 to in excess of $5,000,000. 
> 
> 3. ?Your home is currently worth what you can get for it after running a 
> 5-Day Sale properly. 
> 
> 4. ?"Properly" means starting at 50% of what you think it is worth, 
> dropped down to a "magic number" and then actually taking the high bid 
> no matter what it is. 
> 
> 5. ?While some people who fudge 5-Day Sales succeed, most fail. 
> 
> 6. ?When times were "good" and home values were inflated by bank 
> appraisals, people who refused to sell their home to the high bidders 
> complained that they couldn't get a 5-Day offer for what the bank said 
> their home was worth. ?They never again got as high an offer if they had 
> run their 5-Day Sale properly in the first place. 
> 
> 7. ?Please identify yourself in a meaningful way under your name so new 
> sellers will understand they are looking at advice from someone who has 
> never tried the method, or from someone who modified the method and then 
> failed, or from someone who is a professional. 
> 
> 8. ?I can't answer questions on a regular basis, and I haven't rigged 
> this web site so all you see are my answers. ?If you want to see my 
> answers, go to the archives and see what I have to say. ?I try to change 
> subject lines so you can find back my comments. ?Sort the archives by 
> author, then look at subject lines. ?This will also help you evaluate 
> the responses you get from others. 
> 
> Bill Effros 
> Author 
> 
> PS -- In my OPINION, we are headed for incredible inflation and home 
> values will again exceed mortgage amounts -- if you can afford to hang 
> on for that long. ?There is no telling when this will start to gallop, 
> but it will. ?If you sell low and buy low it doesn't matter--as long as 
> you can afford to buy after selling. 
> 
> Many, many homes will be abandoned and torn down. ?"Ghost Towns" will 
> develop. ?These homes have no current value, and no matter how much 
> lipstick you put on these pigs, they are still pigs. ?Anyone who pays 
> money for them now will get stuck -- whether that money comes in the 
> form of "bailouts" "foreclosures" "speculators" or "flippers". 
> 
> Don't throw good money after bad. 
> 
> Here is a link from the Wall Street Journal confirming that the "tear 
> down" trend has begun. ?If you look at the archives you will find this 
> is not the first time I have predicted this. 
> 
> http://online.wsj.com/article/SB124148169574985359.html 
> 
> 
> 
> 
> _______________________________________________ 
> 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 May 19 17:15:16 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 19 May 2009 17:15:16 -0400
Subject: [5-DayForum] Bill's System Worked for Us - We Sold Our House !!!
In-Reply-To: <517152901.3051321242665327767.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <517152901.3051321242665327767.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <4A132164.8090703@effros.com>

Thanks, Tom, and congratulations.

Others should follow your various postings over the months to see how 
you arrived at a quick sale at a fair price at this time.

You did your homework. You did the math.

"Fair Market Value" is what you can get for your home at this time.  You 
got fair market value.

Bill Effros
Author



tgarter at comcast.net wrote:
> We followed the book with only minor exceptions.  I had excellent 
> paperwork to hand out.  I advertised on craigslist in Oct and Jan to 
> obtain names, 50,  which I emailed on Wed and asked if they wanted the 
> address.  Many did, and one was in the final 3.  I was glad I followed 
> Bills advice about photos.  Our house is nice, but the outside 
> streetview is not outstanding.  I used a picture on the new kitchen 
> for craigslist which made a better ad and refused all requests for 
> more pics.  I told anyone they were welcome to take pics during the 
> open house.  The only other thing I did not do by the book was I 
> didn't pay for an inspection.  Our house is 27 years old, but it is in 
> Excellent Condition and everyone who inspected could see that.  A few 
> people asked about inspections and we told them they were welcome to 
> get one, but the final price wouldn't change.  The local newspaper was 
> a bust. We had the most prominant ad for 5 days that cost $285. No 
> responses until Sat. Only 1 or 2 on Sat, another 5 or so on Sun.  
> Craigslist gave us over 25 responses on Wednesday.  So the sale was a 
> go as of Wed night.  We had only 6 couples on Sat, another 12 -14 on 
> Sun.  Some couples had kids or friends with them.  10 left a bid.  Our 
> house cost $184,000 in 2003, we added new kitchen, siding, finished 
> basement, full bath, remodeled bath for $35,000. So we had $219,000 in 
> the house. Advertised for $74,500, O.B.O..  High initial bid was 
> 82,500 by a speculator who said he was going to flip it. He dropped 
> out after the2nd round. After 5 rounds we were down to the 3 serious 
> buyers.  They went 6 more rounds, the final 2 went 3 more rounds and 
> the final bid was $145,000.  We told him it was below what we expected 
> and wanted to sleep on it. He was very upset that we told him we were 
> going to sleep on it  This morning we accepted the offer.  We are glad 
> it's over. A realtor we met with a couple weeks ago told us they 
> turned down an offer of $153,000 for a similar house nearby that 
> wasn't nearly as nice as ours. He thought we could end up selling out 
> house for $160,000 to $165,000 We would have needed to get $154,250 
> and go through the long process with a realtor and pay his $9,250 
> commission to equal the $145,000 we got.  He said our local area 
> geographic market has an 8 month inventory of homes listed for sale.  
> If we had to wait 8 months to sell our house, that would have cost us 
> at least another $30,000, we already own another  house where we are 
> moving.   Now I'm waiting to fill out the purchase agreement.
> Bill's System Works !
> Tom Garter
> Successful 5 Day Seller
> ----- Original Message -----
> From: "Sean Folkson" <sean at folkson.com>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Sent: Monday, May 18, 2009 11:23:49 AM GMT -05:00 US/Canada Eastern
> Subject: [5-DayForum] Has anyone out there sold their home using 
> thismethod?
>
> Hi Patricia,
>
> I agree with you 100% that if you start the pricing too low, in a
> down market, you're going to end up unhappy with the results.
>
> I've posted before that I think the optimal strategy is to price at
> the LOWEST number you'd be OK accepting.
>
> I know Bill disagrees, and I've only done 2 of these (both in down
> markets).  But based on my experience, and what I'm hearing from
> other people, if I were to do another Round Robin sale, and the
> market is anything but hot, I wouldn't advertise too low.
>
> By advertising the way Bill advises, I think most "real buyers" don't
> bother to look at your house.  They either never see the listing in
> the first place (with internet searches allowing people to search
> within a price range), or, if they do see the listing, they assume
> the house is garbage, or a short sale, or a foreclosure, and don't
> want to get involved.  If you do have real buyers looking, they know
> that it's a buyers market, so there's no need to bid too
> aggressively, when they can just wait a week or two and get a better
> deal in a more traditional fashion.
>
> Just my 2 cents.
>
> sean
>
> _______________________________________________
> 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 May 19 17:16:16 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 19 May 2009 17:16:16 -0400
Subject: [5-DayForum] Quick Observations
In-Reply-To: <495389429.9389171242670699395.JavaMail.root@sz0062a.emeryville.ca.mail.comcast.net>
References: <495389429.9389171242670699395.JavaMail.root@sz0062a.emeryville.ca.mail.comcast.net>
Message-ID: <4A1321A0.9080703@effros.com>

Yes.  Look in archives.

Bill Effros
Author

kdesignsinc at comcast.net wrote:
>
> Dear Bill:
>
>  
>
> I realize that you receive thousands of e-mails.  However, I need to 
> know from you and your forum, if a house in the 4.5 to 5 million 
> dollar range will work with this system.  I respectfully request an 
> answer about this as I am in need of selling this property.
>
> Thank you,
>
> Kay
> ----- Original Message -----
> From: "Bill Effros" <bill at effros.com>
> To: "5-DayForum" <5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Monday, May 18, 2009 9:28:41 AM GMT -08:00 US/Canada Pacific
> Subject: [5-DayForum] Quick Observations
>
> No time for this, but here goes.
>
> Find the detail in the archives.
>
> 1.  Change the subject line when you change the subject so that others
> will be able to find your comments in the archives in the future.
>
> 2.  I know of literally tens of thousands of people who have used the
> 5-Day Method successfully over the past 20 years in homes ranging from
> $20,000 to in excess of $5,000,000.
>
> 3.  Your home is currently worth what you can get for it after running a
> 5-Day Sale properly.
>
> 4.  "Properly" means starting at 50% of what you think it is worth,
> dropped down to a "magic number" and then actually taking the high bid
> no matter what it is.
>
> 5.  While some people who fudge 5-Day Sales succeed, most fail.
>
> 6.  When times were "good" and home values were inflated by bank
> appraisals, people who refused to sell their home to the high bidders
> complained that they couldn't get a 5-Day offer for what the bank said
> their home was worth.  They never again got as high an offer if they had
> run their 5-Day Sale properly in the first place.
>
> 7.  Please identify yourself in a meaningful way under your name so new
> sellers will understand they are looking at advice from someone who has
> never tried the method, or from someone who modified the method and then
> failed, or from someone who is a professional.
>
> 8.  I can't answer questions on a regular basis, and I haven't rigged
> this web site so all you see are my answers.  If you want to see my
> answers, go to the archives and see what I have to say.  I try to change
> subject lines so you can find back my comments.  Sort the archives by
> author, then look at subject lines.  This will also help you evaluate
> the responses you get from others.
>
> Bill Effros
> Author
>
> PS -- In my OPINION, we are headed for incredible inflation and home
> values will again exceed mortgage amounts -- if you can afford to hang
> on for that long.  There is no telling when this will start to gallop,
> but it will.  If you sell low and buy low it doesn't matter--as long as
> you can afford to buy after selling.
>
> Many, many homes will be abandoned and torn down.  "Ghost Towns" will
> develop.  These homes have no current value, and no matter how much
> lipstick you put on these pigs, they are still pigs.  Anyone who pays
> money for them now will get stuck -- whether that money comes in the
> form of "bailouts" "foreclosures" "speculators" or "flippers".
>
> Don't throw good money after bad.
>
> Here is a link from the Wall Street Journal confirming that the "tear
> down" trend has begun.  If you look at the archives you will find this
> is not the first time I have predicted this.
>
> http://online.wsj.com/article/SB124148169574985359.html
>
>
>
>
> _______________________________________________
> 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 May 19 17:38:10 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 19 May 2009 17:38:10 -0400
Subject: [5-DayForum] Results of my sale - price too low? To Pat
	and	Dmitry...
In-Reply-To: <eff2c1030905190455p41945e9dhe82fd59bce20e2d5@mail.gmail.com>
References: <eff2c1030905190455p41945e9dhe82fd59bce20e2d5@mail.gmail.com>
Message-ID: <4A1326C2.3060701@effros.com>

Debi,

ANYBODY can get 25 responses for any property if they advertise at 50% 
of current market value.

If you don't get 25 responses, your home is probably priced too high.  
But you already knew that -- you are prepared to take $525.  Start at 
$249,500. If you can't get 25 responses at that level, you are not 
likely to get $525.

Your home is worth what you can get for it.  No more.

Bill Effros
Author



Debi Detwiler wrote:
> Hi All!
>  
> Debi from Southern NJ here (near Philly)...well, I did everything by 
> the book and offered my $600K home for $295,500.  I did NOT get 25 
> "responses" by Friday night.
>  
> Btw, is the definition of a response just anyone w/ a pulse who 
> calls?  Or, my belief is it's someone who says they will stop by Sat 
> or Sun...  Bill, can you clarify?
>  
> I spent about $700 in ads, so decided to go ahead w/ the sale.  Now 
> that's it's over...I think it was a mistake.
>  
> My high bid on Sunday night was $450K.  It was close though - the 
> price needs to be in the low 500's for me to even consider selling and 
> at that I will lose $$.  I paid much more than that 2 years ago.  But, 
> I'm willing to walk away and stop the bleeding at $500 or $525 or even 
> $515, but not at $450.
>  
> This neighborhood is full of 3/4 and million dollar properteries, mine 
> is worth in the 600's and on a huge 8 acre cul-de-sac lot...
>  
> My point is...if you do this sale, and I will try it again in a couple 
> of months...do what Bill says and stop the sale if you don't get 25 
> responses.
>  
> I got a total of 18 responses by Sunday (only about 10 by Friday 
> night) and had only 6 bids - one of which was $450K.  Could have taken 
> it, but it wouldn't have paid the bank and, even tho Bill says no to 
> this, I think I can get more...
>  
> Now, why Pat and Dmitry didn't get the top bidders w/ 70 people who 
> came by and 47 bidders, I have no idea!  Those numbers should have 
> brought you your top 3. 
>  
> I do agree that most of the people who came thru COULD NOT afford the 
> $500's and even the $400's...they thought they could get this house 
> for $300,000. 
>  
> Moral is (for me anyway)...get the 25 by Friday and maybe the chance 
> of getting the top 3 bidders would be better.  However, I agree w/ Pat 
> and Dmitry - is the starting price TOO LOW??
>  
> Thoughts?  Bill, what do you think?  I'm sure we are not the only ones 
> to ask this question...  Debi
>  
>  
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>   
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From go.jelinco at gmail.com  Tue May 19 18:12:41 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Tue, 19 May 2009 17:12:41 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <186733676.3675881242766570570.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
References: <60ff2e4d0905191347l75ccb298l1e7c51cac9381662@mail.gmail.com>
	<186733676.3675881242766570570.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <60ff2e4d0905191512w2fd8f002s190c4ea318a8b29a@mail.gmail.com>

Hey Tom,

That's great!  A bit of a disconnect in the buyer's mind don't you think.
Out of curiosity, at what point in the sale did they tell you that?

Linda

On Tue, May 19, 2009 at 3:56 PM, <tgarter at comcast.net> wrote:

> Linda,
> I just sold a house on with Bill 5 day Method - totally by the book.  The
> winning bidder told me their walk away price was 130,000, yet they paid
> 145,000
> Tom Garter - successful 5 day seller
> ----- Original Message -----
> From: "Linda Gray" <go.jelinco at gmail.com>
> To: "How To Sell Your Home in 5-Days" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Sent: Tuesday, May 19, 2009 4:47:59 PM GMT -05:00 US/Canada Eastern
> Subject: Re: [5-DayForum] not so fast
>
> I agree that the best way to get the most for the house is to market well,
> however, this still does not address the challenge of having two or three
> real bidders that can and will close on the house but at the same time have
> made wildly differing determinations of what the property is worth.  For
> instance, when down two bidders left and one has a walk away price of
> $325,000.00 and the other has their walk away price at $287,000.00.  The top
> bidder will get the house for $287,500.00 which is $37,500.00 less than they
> would have willingly paid for the house.  If there was some way to determine
> when there is a large discrepancy between the two top bidders, then the home
> owner would be in a better position to get what the market will actually
> bear.  Otherwise, the owner looses money that the buyer was willing to pay.
>
>
> ~Linda
>
> On Tue, May 19, 2009 at 3:18 PM, SKY HIGH <skyhighplanning at gmail.com>wrote:
>
>> Don't expect to educate your buyers on how to pay you more for your home.
>>  You can educate yourself more on Marketing, timing, & the bidding process.
>>  The only way to get the highest bidder's bid is for that buyer to show up
>> at your sale.
>>
>> Carlos A. ChicaInvestor, Real Estate Solutions Co.
>> Succesful Seller
>> (646) 552-0107
>>
>> Coming Soon:
>>
>> www.SKYHIGHPLANNING.com
>>
>> "It's kind of Fun to do the Impossible"
>>
>>  -  Walt Disney
>>
>> On May 19, 2009, at 3:57 PM, Linda Gray <go.jelinco at gmail.com> wrote:
>>
>> No worries JP...I'm not disappointed at all.  Since you agree that what I
>> say is true, then there must be some sort of solution to this
>> problem....there always is.  I'm just wondering if anyone knows if there is
>> a way to actually get the top price that the top bidder is willing to pay
>> for the house...not just where the bidding stops.  I think that sellers
>> don't want to leave any money on the table when all is said and done.
>>
>> Also, what education do you propose in educating ourselves and more
>> importantly, our buyers (bidders)?
>>
>> Thanks,
>> Linda
>>
>>
>>
>> On Tue, May 19, 2009 at 12:03 PM, John Paul Perez < <jpperez100 at msn.com>
>> jpperez100 at msn.com> wrote:
>>
>>>  I have notice a trend on this forum. The biggest compliant I seem to to
>>> hear over and over again, is the "true Market Value" of the property. Linda
>>> what you say is true. Do you really expect your buyers to pay more than they
>>> have to? I hate to disappoint you, but they wont. There is only one (1)
>>> solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to
>>> be educated on what exactly Fair market value is.
>>>
>>> As I have stated earlier, I have been selling homes using a method
>>> similar to this for a while now and have been very successful.
>>>
>>> best of luck,
>>> Jp
>>>
>>> ------------------------------
>>> Date: Tue, 19 May 2009 11:49:55 -0500
>>> From: <go.jelinco at gmail.com>go.jelinco at gmail.com
>>> To: <5-dayforum at mailman.howtosellyourhomein5days.com>
>>> 5-dayforum at mailman.howtosellyourhomein5days.com
>>> Subject: Re: [5-DayForum] not so fast
>>>
>>> I've been thinking about this quite a bit lately.  I've been comparing it
>>> to what happens on eBay.  I think that you are most likely not going to get
>>> what the top bidder is willing to bid.  It only stands to reason that if the
>>> second place bidder stops bidding, the top bidder will also...even if they
>>> were willing to go ten, twenty, fifty thousand dollars more. The last two
>>> bidders would have to be only $500.00 apart in their minds to get to what
>>> the top bidder was willing to bid.  This has been my personal experience on
>>> eBay.  I have been willing to pay more  (sometimes quite a bit more)...but
>>> didn't have to because the other bidders dropped out early.
>>>
>>>  Also the marketing can bring very wide variations in the final result.
>>> I have seen wildly different ending prices on the exact same items (and of
>>> course houses are more subjective and no two properties are identical).   I
>>> think much of the difference was in how it was presented (marketed).  Of
>>> course it's also the luck of the draw about who happens to be looking when
>>> you are selling, how savvy they are and how willing they are to wait for
>>> something else to come along.
>>>
>>> ~Linda Gray
>>>
>>> On Tue, May 19, 2009 at 9:03 AM, SKY HIGH < <skyhighplanning at gmail.com>
>>> skyhighplanning at gmail.com> wrote:
>>>
>>>  Once the bidding begins.  They will bid up to get the home & it will
>>> not matter how low others started bidding.  You have to understand that this
>>> has worked for others & it could work for you.  I agree with Kyle, there
>>> could be several factors that caused the disappointing results.  You have to
>>> be clear on what it takes & avoid many common mistakes that will decrease
>>> chances of getting the buyers you need.  If you can convince people that the
>>> home will be sold Sunday night & your marketing is strong then those owner
>>> occupant buyers will do anything possible to get the home.
>>>
>>> Carlos A. Chica Investor, Real Estate Solutions Co.
>>> 646-552-0107
>>>
>>> Coming Soon:
>>>
>>>  <http://www.skyhighplanning.com/>www.SKYHIGHPLANNING.com
>>>
>>> "It's kind of Fun to do the Impossible"
>>>
>>>  -  Walt Disney
>>>
>>> On May 19, 2009, at 9:41 AM, M A < <macycles at yahoo.com>
>>> macycles at yahoo.com> wrote:
>>>
>>>    or... when you offer your house at crazy low price, the real buyers
>>> who actually fell in love with your house, get a quick eduction from low
>>> ballers that come to the auction and refuse to pay fair market value,
>>> because they don't want to look stupid and overbid seeing that the low
>>> ballers are offering little to nothing.
>>>
>>>
>>>
>>>
>>>
>>>
>>> --- On *Tue, 5/19/09, SKY HIGH < <skyhighplanning at gmail.com>
>>> skyhighplanning at gmail.com>* wrote:
>>>
>>>
>>> From: SKY HIGH < <skyhighplanning at gmail.com>skyhighplanning at gmail.com>
>>> Subject: Re: [5-DayForum] not so fast
>>> To: "How To Sell Your Home in 5-Days" <<5-dayforum at mailman.howtosellyourhomein5days.com>
>>> 5-dayforum at mailman.howtosellyourhomein5days.com>
>>> Date: Tuesday, May 19, 2009, 1:30 PM
>>>
>>>  The key is to understand that there may always be Investors bidding
>>> hoping to get a deal.  It's natural because the "low ballers" are searching
>>> for an exceptional deal.  But you need to be concerned with the two or three
>>> buyers that fall in love with the property & will pay as close to market
>>> value as you can get them to through the bidding process.  If you only are
>>> getting buyers who aren't motivated enough to pay market value then it's
>>> very possible that the marketing could use some work.
>>> The actual market value is only determined by the most recent comparable
>>> sales.  That means real buyers have recently paid those prices forsimilar
>>> properties.  If you only get low offers that means your either unclear about
>>> curret market value or the buyers were trying to buy under market value.
>>> Carlos A. Chica Sky High Planning, Inc.
>>> 7380 Sand Lake Rd.  #500
>>> Orlando, FL  32819
>>> Office:  (407) 352-3220
>>> Fax:      (407) 738-4816
>>> Cell:      (646) 552-0107
>>>  <http://mc/compose?to=skyhighplanning at gmail.com><skyhighplanning at gmail.com>
>>> skyhighplanning at gmail.com
>>>
>>> Coming Soon:
>>>
>>>  <http://www.skyhighplanning.com/> <http://www.skyhighplanning.com/>
>>> www.SKYHIGHPLANNING.com
>>>
>>> "It's kind of Fun to do the Impossible"
>>>
>>>  -  Walt Disney
>>>
>>> On May 19, 2009, at 9:16 AM, M A <<http://mc/compose?to=macycles at yahoo.com><macycles at yahoo.com>
>>> macycles at yahoo.com> wrote:
>>>
>>>    you know "fair market value" and "true market value" are all a matter
>>> of semantics actually. the honest reason WHY people are attracted to the
>>> system is because they are looking for "FAIR" market value, at least that
>>> was my reason for it.  i don't believe there is such a thing as true market
>>> value per se. you get a bunch of low ballers together, and they will NOT
>>> bid up to fair market value, only true market value for them, and thats
>>> never true because its not true for all parties concerned, thats why the
>>> sellers are disspointed. so you have to question, wether the auction system
>>> attracts low ballers and not real buyers... its kind of like what you put
>>> out in the world, if you are going to dress up like a 2 penny whore but
>>> expect to be paid a few dollars, you are going to attract a  customer who is
>>> going to expect to pay you 2 pennies not a few dollars.
>>>
>>> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>>> real.estate.professor at hotmail.com>* wrote:
>>>
>>>
>>> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>>> real.estate.professor at hotmail.com>
>>> Subject: Re: [5-DayForum] not so fast
>>> To:
>>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>>> 5-dayforum at mailman.howtosellyourhomein5days.com
>>> Date: Tuesday, May 19, 2009, 12:57 PM
>>>
>>> Market's are not fair.  I don't believe Bill uses the term "fair
>>> market value."
>>>
>>> If you have a successful pre-5 Day Sale marketing campaign and a
>>> sufficient base of owner-buyer bidders you will get "true market" offers.
>>>
>>> Auctioning is nothing new.  Our entire economy is based on the
>>> principle.  This is why we auction of T-Bills.
>>>
>>> We would all need to know more about the specifics of your property,
>>> market, sub-market, etc., to know why you achieved the result that you did.
>>>
>>> We want your feedback, understand your disappointment, but question your
>>> belief that the method doesn't work.  It does work.  It just didn't work for
>>> you given your expectation on a given day.  Why do you think it didn't work
>>> for you that day?
>>>
>>> Best,
>>>
>>> Kyle Cascioli
>>> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/><http://www.auctionbyseller.com/>
>>> www.AuctionBySeller.com
>>>
>>>
>>>
>>> ------------------------------
>>> Date: Tue, 19 May 2009 05:49:15 -0700
>>> From: <http://mc/compose?to=macycles at yahoo.com><http://mc/compose?to=macycles at yahoo.com><macycles at yahoo.com>
>>> macycles at yahoo.com
>>> To:
>>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>>> 5-dayforum at mailman.howtosellyourhomein5days.com
>>> Subject: [5-DayForum] not so fast
>>>
>>>   that does not make sense what you said Kyle, of course  it generated
>>> an offer. i can get an offer any day on my property at 30% below market, i
>>> don't need to do an auction for that. the 5 day auction says that at the end
>>> you should at least generate fare market value, that's the whole point of
>>> its proclaimed success, and thats why people are attracted to it, by the
>>> promise of generating a fair market value.  There is nothing successful
>>> about being low balled and now being pressured into selling it at that
>>> price, like this woman below was describing. if that happened to me after
>>> all the effort and work of organizing an auction, i would as well be pretty
>>> disspointed.  but then again, may be for you Kyle, selling at a low ball
>>> price is a success, i just can't see it how its a success for most people.
>>>
>>> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>>> real.estate.professor at hotmail.com>* wrote:
>>>
>>>
>>> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com><real.estate.professor at hotmail.com>
>>> real.estate.professor at hotmail.com>
>>> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
>>> To:
>>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days..com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>>> 5-dayforum at mailman.howtosellyourhomein5days.com
>>> Date: Tuesday, May 19, 2009, 12:29 PM
>>>
>>> If the process generated an offer where none was generated before, then
>>> by definition "it worked."
>>>
>>> The market spoke to you , but you didn;t like what it had to say.  You
>>> are not alone.
>>>
>>> Best luck moving forward.
>>>
>>> Kyle Cascioli
>>> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/><http://www.auctionbyseller.com/>
>>> www.AuctionBySeller.com
>>>
>>> > Date: Sun, 17 May 2009 22:31:43 -0400
>>> > From: <http://mc/compose?to=patrycja at MIT.EDU><http://mc/compose?to=patrycja at MIT.EDU><patrycja at MIT.EDU>
>>> patrycja at MIT.EDU
>>> > To:
>>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><5-dayforum at mailman.howtosellyourhomein5days.com>
>>> 5-dayforum at mailman.howtosellyourhomein5days.com
>>> > Subject: [5-DayForum] Did the Open House this weekend and bidding
>>> >
>>> > Hi,
>>> >
>>> > My husband and I did everything by the book. We live and own a condo in
>>> > Cambridge, MA which is still a good market. Got over 25 calls and over
>>> 60
>>> > different people in 2 days. We just finished the bidding at 280K which
>>> is way
>>> > below the market price for a condo in Cambridge of the kind we are
>>> selling -
>>> > the lowest one can expect for this is 320K, the average is like $350K.
>>> Most
>>> > people who came in were looking for a bargain, they were smart but they
>>> just
>>> > could not get over the enormous price difference jump from 174,500
>>> which we
>>> > listed it at. There is something wrong here when the top bidder is a
>>> real
>>> > estate agent who is now pressuring us to sell it to him b/c he knows it
>>> is way
>>> > under market value.
>>> >
>>> > The method does not work and it needs serious tweaks. It was an
>>> enormously
>>> > draining experience for us.
>>> >
>>> > Please keep this in mind.
>>> > Patricia and Dmitry
>>> >
>>> >
>>> >
>>> >
>>> > _______________________________________________
>>> > 5-DayForum mailing list
>>> > 5-DayForum at mailman..howtosellyourhomein5days.com
>>> >
>>> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman..howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum>
>>> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>>>
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From bill at effros.com  Tue May 19 18:25:45 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 19 May 2009 18:25:45 -0400
Subject: [5-DayForum] TGarter Sale
In-Reply-To: <200905181834.n4IIYL96006941@intel1.peregrinehw.com>
References: <200905181834.n4IIYL96006941@intel1.peregrinehw.com>
Message-ID: <4A1331E9.1010607@effros.com>

Sean,

By starting at the low end of what Tom thought he could get Tom got 
enough respondents to conduct his sale.  Clearly he has a good idea of 
his market, as $145 in his pocket is better than $150 with a broker.

If he started at a higher price he might not have gotten enough 
responses to run his sale.  Had he run it, he would have gotten the same 
$145, probably from the same individual -- because that's what his home 
is worth right now.  But he might not have known that was the best he 
could get, and he might have waited for $175 or $180 8 months from now.

Please note, 8 months ago homes were worth more in his area than they 
are worth now, so waiting would have hurt him, not helped.

As Tom observed, real estate in Michigan is not exactly booming.  There 
are deep structural problems...you may have heard about them.

Bill Effros
Author



Sean Folkson wrote:
> Hi Tom,
>
> just curious what number you were targeting for your sale.
>
> If you followed the book to the letter, your ad price of $74,500 
> indicates to me that you were looking to get between $150K and $200K 
> for the house.  You got $145K, so, how far outside your range did you end up?
>
> Or, did you not have a specific "happy number target" going in to the sale?
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>   

From jcrafor at hotmail.com  Tue May 19 18:47:44 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 19 May 2009 22:47:44 +0000
Subject: [5-DayForum] not so fast
In-Reply-To: <BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com> 
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com> 
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
Message-ID: <SNT116-W525EF85BABAFE5DCA628CAE5B0@phx.gbl>


"As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful."   best of luck,  Jp

 

Nobody defines successful. What does that mean, Jp? That you sold the houses? At what percent of FMV? How much over (or under) the 5Day advertised price? Were the sellers really happy with your result, or did they HAVE to take it because of contract with you? SUCCESS is sellers happy with the results.

 

Same with the other auctioneers. Define success when you say that. If you were selling your own home, would you be happy taking the same results you accept on behalf of others?

 

When I did my first 5 DAY SALE, I had investors that IMMEDIATELY bid to the price they could rent the house at and break even. THAT was 50 to 60K less neighboring houses were going for. 

 

The "real buyers" those guys looking for a home for themselves, dying for a home for themselves, couldn't get close. The final 2 didn't go much higher.

Fortunately, I didn't NEED to sell, though I really wanted to. I moved into it, instead, and now have my former home up for salw. It will soon be listed, after a total bomb this past weekend. Read: ABSOLUTELY NO RESPONSES to the advertising. 

 

I do not have to sell that house either, it will make a great rental. But, I really want to sell. But, not at such a great loss as 60 to 70 % of market value. 

JCrafor


From: jpperez100 at msn.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 12:03:01 -0500
Subject: Re: [5-DayForum] not so fast



I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.
 
As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.
 
best of luck,
Jp
 


Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.  I don't believe Bill uses the term "fair market value."
 
If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
 
Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
 
We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
 
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
 
Best, 
 
Kyle Cascioli
www.AuctionBySeller.com 
 

 


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process generated an offer where none was generated before, then by definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From tgarter at comcast.net  Tue May 19 20:25:16 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Wed, 20 May 2009 00:25:16 +0000 (UTC)
Subject: [5-DayForum] not so fast
In-Reply-To: <60ff2e4d0905191512w2fd8f002s190c4ea318a8b29a@mail.gmail.com>
Message-ID: <520743614.3758511242779116515.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Linda, 
They told me today when they handed me a check for $1,450. They said that $130,000 was their top number. But I still had 5 people in the bidding and the bid went usually $500 or $1,000 each time. Ocassionally someone would round up to the next thousand by bidding $1,500. He said he could tell by the number of people still bidding (he asked me each of the 14-15 rounds how many people where still in) The #2 person make a big jump which he interpreted to be their final bid and he was going to just round it up to $!44,000, but they added another thousand and got to $145,000. The third place person dropped out only one round earlier. 
Tom 
----- Original Message ----- 
From: "Linda Gray" <go.jelinco at gmail.com> 
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> 
Sent: Tuesday, May 19, 2009 6:12:41 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] not so fast 

Hey Tom, 

That's great! A bit of a disconnect in the buyer's mind don't you think. Out of curiosity, at what point in the sale did they tell you that? 

Linda 


On Tue, May 19, 2009 at 3:56 PM, < tgarter at comcast.net > wrote: 




Linda, 
I just sold a house on with Bill 5 day Method - totally by the book. The winning bidder told me their walk away price was 130,000, yet they paid 145,000 
Tom Garter - successful 5 day seller 

----- Original Message ----- 
From: "Linda Gray" < go.jelinco at gmail.com > 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 



Sent: Tuesday, May 19, 2009 4:47:59 PM GMT -05:00 US/Canada Eastern 
Subject: Re: [5-DayForum] not so fast 

I agree that the best way to get the most for the house is to market well, however, this still does not address the challenge of having two or three real bidders that can and will close on the house but at the same time have made wildly differing determinations of what the property is worth. For instance, when down two bidders left and one has a walk away price of $325,000.00 and the other has their walk away price at $287,000.00. The top bidder will get the house for $287,500.00 which is $37,500.00 less than they would have willingly paid for the house. If there was some way to determine when there is a large discrepancy between the two top bidders, then the home owner would be in a better position to get what the market will actually bear. Otherwise, the owner looses money that the buyer was willing to pay. 

~Linda 


On Tue, May 19, 2009 at 3:18 PM, SKY HIGH < skyhighplanning at gmail.com > wrote: 




Don't expect to educate your buyers on how to pay you more for your home. You can educate yourself more on Marketing, timing, & the bidding process. The only way to get the highest bidder's bid is for that buyer to show up at your sale. 


Carlos A. Chica 
Investor, Real Estate Solutions Co. 
Succesful Seller 
(646) 552-0107 



Coming Soon: 


www.SKYHIGHPLANNING.com 


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


- Walt Disney 




On May 19, 2009, at 3:57 PM, Linda Gray < go.jelinco at gmail.com > wrote: 








No worries JP...I'm not disappointed at all. Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is. I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops. I think that sellers don't want to leave any money on the table when all is said and done. 

Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)? 

Thanks, 
Linda 




On Tue, May 19, 2009 at 12:03 PM, John Paul Perez < jpperez100 at msn.com > wrote: 



I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is. 

As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful. 

best of luck, 
Jp 


Date: Tue, 19 May 2009 11:49:55 -0500 
From: go.jelinco at gmail.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com 



Subject: Re: [5-DayForum] not so fast 

I've been thinking about this quite a bit lately. I've been comparing it to what happens on eBay. I think that you are most likely not going to get what the top bidder is willing to bid. It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid. This has been my personal experience on eBay. I have been willing to pay more (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early. 

Also the marketing can bring very wide variations in the final result. I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical). I think much of the difference was in how it was presented (marketed). Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along. 

~Linda Gray 


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH < skyhighplanning at gmail.com > wrote: 




Once the bidding begins. They will bid up to get the home & it will not matter how low others started bidding. You have to understand that this has worked for others & it could work for you. I agree with Kyle, there could be several factors that caused the disappointing results. You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need. If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home. 

Carlos A. Chica 
Investor, Real Estate Solutions Co. 
646-552-0107 



Coming Soon: 


www.SKYHIGHPLANNING.com 


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


- Walt Disney 




On May 19, 2009, at 9:41 AM, M A < macycles at yahoo.com > wrote: 






	or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing. 






--- On Tue, 5/19/09, SKY HIGH < skyhighplanning at gmail.com > wrote: 



From: SKY HIGH < skyhighplanning at gmail.com > 
Subject: Re: [5-DayForum] not so fast 
To: "How To Sell Your Home in 5-Days" < 5-dayforum at mailman.howtosellyourhomein5days.com > 
Date: Tuesday, May 19, 2009, 1:30 PM 



The key is to understand that there may always be Investors bidding hoping to get a deal. It's natural because the "low ballers" are searching for an exceptional deal. But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process. If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work. 
The actual market value is only determined by the most recent comparable sales. That means real buyers have recently paid those prices forsimilar properties. If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 
Sky High Planning, Inc. 
7380 Sand Lake Rd. #500 
Orlando, FL 32819 
Office: (407) 352-3220 
Fax: (407) 738-4816 
Cell: (646) 552-0107 
skyhighplanning at gmail.com 


Coming Soon: 


www.SKYHIGHPLANNING.com 


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


- Walt Disney 

On May 19, 2009, at 9:16 AM, M A < macycles at yahoo.com > wrote: 






	you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it. i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli < real.estate.professor at hotmail.com > wrote: 



From: Kyle Cascioli < real.estate.professor at hotmail.com > 
Subject: Re: [5-DayForum] not so fast 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Date: Tuesday, May 19, 2009, 12:57 PM 


Market's are not fair. I don't believe Bill uses the term "fair market value." 

If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers. 

Auctioning is nothing new. Our entire economy is based on the principle. This is why we auction of T-Bills. 

We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did. 

We want your feedback, understand your disappointment, but question your belief that the method doesn't work. It does work. It just didn't work for you given your expectation on a given day. Why do you think it didn't work for you that day? 

Best, 

Kyle Cascioli 
www.AuctionBySeller.com 




Date: Tue, 19 May 2009 05:49:15 -0700 
From: macycles at yahoo.com 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Subject: [5-DayForum] not so fast 


	that does not make sense what you said Kyle, of course it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value. There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed. but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people. 

--- On Tue, 5/19/09, Kyle Cascioli < real.estate.professor at hotmail.com > wrote: 



From: Kyle Cascioli < real.estate.professor at hotmail.com > 
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Date: Tuesday, May 19, 2009, 12:29 PM 


If the process generated an offer where none was generated before, then by definition "it worked." 

The market spoke to you , but you didn;t like what it had to say. You are not alone. 

Best luck moving forward. 

Kyle Cascioli 
www.AuctionBySeller.com 

> Date: Sun, 17 May 2009 22:31:43 -0400 
> From: patrycja at MIT.EDU 
> To: 5-dayforum at mailman.howtosellyourhomein5days.com 
> Subject: [5-DayForum] Did the Open House this weekend and bidding 
> 
> Hi, 
> 
> My husband and I did everything by the book. We live and own a condo in 
> Cambridge, MA which is still a good market. Got over 25 calls and over 60 
> different people in 2 days. We just finished the bidding at 280K which is way 
> below the market price for a condo in Cambridge of the kind we are selling - 
> the lowest one can expect for this is 320K, the average is like $350K. Most 
> people who came in were looking for a bargain, they were smart but they just 
> could not get over the enormous price difference jump from 174,500 which we 
> listed it at. There is something wrong here when the top bidder is a real 
> estate agent who is now pressuring us to sell it to him b/c he knows it is way 
> under market value. 
> 
> The method does not work and it needs serious tweaks. It was an enormously 
> draining experience for us. 
> 
> Please keep this in mind. 
> Patricia and Dmitry 
> 
> 
> 
> 
> _______________________________________________ 
> 5-DayForum mailing list 
> 5-DayForum at mailman.. howtosellyourhomein5days.com 
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum 


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From akmihos at verizon.net  Tue May 19 22:39:35 2009
From: akmihos at verizon.net (akmihos at verizon.net)
Date: Wed, 20 May 2009 02:39:35 +0000
Subject: [5-DayForum] Results of my sale - price too low? To
	Pat	andDmitry...
In-Reply-To: <4A1326C2.3060701@effros.com>
References: <eff2c1030905190455p41945e9dhe82fd59bce20e2d5@mail.gmail.com><4A1326C2.3060701@effros.com>
Message-ID: <1825411026-1242787257-cardhu_decombobulator_blackberry.rim.net-75330570-@bxe1163.bisx.prod.on.blackberry>

Bill, do you show in the archives best places to advertise? I know that based on your book you say a local and regional paper, but what about web sites? Web sites for buyers for homes more than $1M. I don't think that a buyer at this price range will be checking Craiglists or do you? My big concern is folks not seeing the ad. Since you originally wrote your first publication and now, the success in advertising in the paper has significantly gone down due to other vehicles of advertisement such as the internet. One of the subscribers to the forum has advertised on the MLS for a small fee, but that does not allow you to advertise at 50% below your wish price. Well, it actually does, but you would not want to sell at that price or you would lose your shirt. Any ideas or suggestions?
Sent via BlackBerry by AT&T

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Tue, 19 May 2009 17:38:10 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] Results of my sale - price too low? To Pat	and
	Dmitry...


_______________________________________________
5-DayForum mailing list
5-DayForum at mailman.howtosellyourhomein5days.com
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From sschruiz at comcast.net  Tue May 19 23:48:40 2009
From: sschruiz at comcast.net (Sonia Ruiz)
Date: Tue, 19 May 2009 22:48:40 -0500
Subject: [5-DayForum] TGarter Sale
References: <200905181834.n4IIYL96006941@intel1.peregrinehw.com>
	<4A1331E9.1010607@effros.com>
Message-ID: <2277D68D56FC4CF8A4928A429A7DB043@STUsruiz>

Bill will you please take me off the list for the 5-DayForum e-mails I have 
been trying to do it and I keep getting them

God bless you and thank you

Sonia
----- Original Message ----- 
From: "Bill Effros" <bill at effros.com>
To: "5-DayForum" <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Tuesday, May 19, 2009 5:25 PM
Subject: Re: [5-DayForum] TGarter Sale


> Sean,
>
> By starting at the low end of what Tom thought he could get Tom got
> enough respondents to conduct his sale.  Clearly he has a good idea of
> his market, as $145 in his pocket is better than $150 with a broker.
>
> If he started at a higher price he might not have gotten enough
> responses to run his sale.  Had he run it, he would have gotten the same
> $145, probably from the same individual -- because that's what his home
> is worth right now.  But he might not have known that was the best he
> could get, and he might have waited for $175 or $180 8 months from now.
>
> Please note, 8 months ago homes were worth more in his area than they
> are worth now, so waiting would have hurt him, not helped.
>
> As Tom observed, real estate in Michigan is not exactly booming.  There
> are deep structural problems...you may have heard about them.
>
> Bill Effros
> Author
>
>
>
> Sean Folkson wrote:
>> Hi Tom,
>>
>> just curious what number you were targeting for your sale.
>>
>> If you followed the book to the letter, your ad price of $74,500
>> indicates to me that you were looking to get between $150K and $200K
>> for the house.  You got $145K, so, how far outside your range did you end 
>> up?
>>
>> Or, did you not have a specific "happy number target" going in to the 
>> sale?
>>
>> _______________________________________________
>> 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 jpperez100 at msn.com  Wed May 20 01:48:55 2009
From: jpperez100 at msn.com (John Paul Perez)
Date: Wed, 20 May 2009 00:48:55 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <SNT116-W525EF85BABAFE5DCA628CAE5B0@phx.gbl>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com> 
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com> 
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl> 
	<SNT116-W525EF85BABAFE5DCA628CAE5B0@phx.gbl>
Message-ID: <BAY0-DP4-157396BA02942EEE1EA41E96580@phx.gbl>


J Crafor,

 

Success....been selling this way for about a year and half now. I have sellers in some cases netting more than they would have in a traditional listing. I have buyers walking into their new homes for less than they would have with a traditional listing. And the ones that don't get more than listing price, get just about what they would have received traditionaly, just much faster. But we are speaking of clients that truly want to sale, no speculators. 

 

No seller ever has to "take it". All contracts used by Realtors are for the protection of their clients, not their own..(well at least in Texas). Success is not just "sellers happy with the results", it's a win-win for all involved or nothing. I understand that this is a site dominated by sellers, but if you only look out for yourself and not the well being of all involved ,then you are set up for failure from the beginning! If you don't know the Real buyers, how will you know how to cater to his/her needs. Yes cater, after all there more of you (sellers) than there are of them (buyers)...

 

FYI.. I have sold many of my investment properties this way... Buyers buying homes, sellers netting what they desired, sometimes more, check in my hand to pay for that vacation to Cabo...That my friend defines success!!!!!!!!!!!!!

 

 

Best of luck,

Jp

 





From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 22:47:44 +0000
Subject: Re: [5-DayForum] not so fast



"As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful."   best of luck,  Jp
 
Nobody defines successful. What does that mean, Jp? That you sold the houses? At what percent of FMV? How much over (or under) the 5Day advertised price? Were the sellers really happy with your result, or did they HAVE to take it because of contract with you? SUCCESS is sellers happy with the results.
 
Same with the other auctioneers. Define success when you say that. If you were selling your own home, would you be happy taking the same results you accept on behalf of others?
 
When I did my first 5 DAY SALE, I had investors that IMMEDIATELY bid to the price they could rent the house at and break even. THAT was 50 to 60K less neighboring houses were going for. 
 
The "real buyers" those guys looking for a home for themselves, dying for a home for themselves, couldn't get close. The final 2 didn't go much higher.
Fortunately, I didn't NEED to sell, though I really wanted to. I moved into it, instead, and now have my former home up for salw. It will soon be listed, after a total bomb this past weekend. Read: ABSOLUTELY NO RESPONSES to the advertising. 
 
I do not have to sell that house either, it will make a great rental. But, I really want to sell. But, not at such a great loss as 60 to 70 % of market value. 
JCrafor






From: jpperez100 at msn.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 12:03:01 -0500
Subject: Re: [5-DayForum] not so fast



I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.
 
As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.
 
best of luck,
Jp
 






Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray



On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.  I don't believe Bill uses the term "fair market value."
 
If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
 
Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
 
We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
 
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
 
Best, 
 
Kyle Cascioli
www.AuctionBySeller.com 
 

 


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process generated an offer where none was generated before, then by definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From jpperez100 at msn.com  Wed May 20 01:59:43 2009
From: jpperez100 at msn.com (John Paul Perez)
Date: Wed, 20 May 2009 00:59:43 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <85F76A12-4392-49B4-97A7-4E9992AF75B2@gmail.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
	<60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com> 
	<85F76A12-4392-49B4-97A7-4E9992AF75B2@gmail.com>
Message-ID: <BAY0-DP4-6B549D6F9AF0FBB5E942C96580@phx.gbl>


Carlos,

 

you are correct when you say YOU don't have to educate your buyers on how to pay you more for your home. But someone has to, and I have found many to do it for me, for free... This solution alleviates both problems you are facing, low bids and low attendance of ready, willing, and able buyers..
 

Love your Walt Disney Quote... now there was a thinking man... I'm sure you'll figure it out..

 

Good Luck, 

Jp


From: skyhighplanning at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 16:18:28 -0400
Subject: Re: [5-DayForum] not so fast


Don't expect to educate your buyers on how to pay you more for your home.  You can educate yourself more on Marketing, timing, & the bidding process.  The only way to get the highest bidder's bid is for that buyer to show up at your sale.

Carlos A. Chica
Investor, Real Estate Solutions Co.
Succesful Seller
(646) 552-0107


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 19, 2009, at 3:57 PM, Linda Gray <go.jelinco at gmail.com> wrote:




No worries JP...I'm not disappointed at all.  Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is.  I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops.  I think that sellers don't want to leave any money on the table when all is said and done.  

Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)?

Thanks,
Linda 




On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com> wrote:


I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.
 
As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.
 
best of luck,
Jp
 


Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com

To: 5-dayforum at mailman.howtosellyourhomein5days.com



Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.  I don't believe Bill uses the term "fair market value."
 
If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
 
Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
 
We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
 
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
 
Best, 
 
Kyle Cascioli
www.AuctionBySeller.com 
 

 


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process generated an offer where none was generated before, then by definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From jpperez100 at msn.com  Wed May 20 02:05:22 2009
From: jpperez100 at msn.com (John Paul Perez)
Date: Wed, 20 May 2009 01:05:22 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl> 
	<60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
Message-ID: <BAY0-DP4-92FE4B0FADD71618E671396580@phx.gbl>


Linda, 

 

your right, there is a solution.. I'll be posting my version of this system soon.. Keep a look out...

 

Thanks,

Jp
 


Date: Tue, 19 May 2009 14:57:16 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

No worries JP...I'm not disappointed at all.  Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is.  I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops.  I think that sellers don't want to leave any money on the table when all is said and done.  

Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)?

Thanks,
Linda 




On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com> wrote:


I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.
 
As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.
 
best of luck,
Jp
 


Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com

To: 5-dayforum at mailman.howtosellyourhomein5days.com



Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.  I don't believe Bill uses the term "fair market value."
 
If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
 
Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
 
We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
 
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
 
Best, 
 
Kyle Cascioli
www.AuctionBySeller.com 
 

 


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process generated an offer where none was generated before, then by definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From lbicon at aol.com  Wed May 20 02:15:39 2009
From: lbicon at aol.com (lbicon at aol.com)
Date: Wed, 20 May 2009 02:15:39 -0400
Subject: [5-DayForum] [AMount owed on property
In-Reply-To: <BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl>
References: <B160AB93270A4D879804F4D9190F349E@GEDELL690XP64><12ADD2E3B4364F5CA29C0EE5ADC74580@rosemarifv6onv><EA97D4F896DD44C184B1C0E8F46DCE88@Main><20090514215757.ux9xnhb5qu8gs044@webmail.mit.edu><60ff2e4d0905142001o2185d045jab9f0b0e2cc9d6a0@mail.gmail.com><BLU122-W15DD87AB418053ACAD7F1B45D0@phx.gbl><60ff2e4d0905180546s5dae50fdke521dee3ebaabf17@mail.gmail.com><BLU122-W22E7B5B23DD3043C14B7A6B45B0@phx.gbl><60ff2e4d0905190650o5ead54b1hd34839a208d68581@mail.gmail.com><BLU122-W9B6E24E7808FBC3AA99E1B45B0@phx.gbl>
	<8CBA6B1488D864F-604-7E0@Webmail-mg04.sim.aol.com>
	<BLU122-W21A81CE0484E055DD971EEB45B0@phx.gbl>
Message-ID: <8CBA7298829D2F2-D08-2835@webmail-mh36.sysops.aol.com>

Kyle, 
I think that you miss understood the original question. It was about whether buyers could see how much was currently owed on the property. The answer is still no. Title Cos. need the loan no. to request a payoff. Right? Public Records can be very misleading.
Not having a bad day just trying to keep things clear for people that aren't doing this every day.

Conrad






-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 12:05 pm
Subject: Re: [5-DayForum] [AMount owed on property


Conrad:
?
That's why I suggested using a title company and public records.
?
Are you having a bad day?
?
Kyle
?
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 11:54:53 -0400
From: lbicon at aol.com
Subject: Re: [5-DayForum] [AMount owed on property


Kyle,

?

The public cannot call mortgage companies for other peoples payoffs. Come on man.

?

Conrad


-----Original Message-----
From: Kyle Cascioli <real.estate.professor at hotmail.com>
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Sent: Tue, 19 May 2009 8:28 am
Subject: Re: [5-DayForum] Price very low - problems



Title company will call mortgagee for payoff.? You can do the same.
?
KC
?
Date: Tue, 19 May 2009 08:50:51 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

I think that you are not answering the question (or I am misunderstan
ding).? How can anyone find out how much is owed presently on any loan.? If the homeowner is putting an extra $2000 onto the principle monthly or came into money and put a lump sum of $50,000...how would you know?? Will the title company give you the present balance owed?

Thanks,
Linda



On Tue, May 19, 2009 at 7:34 AM, Kyle Cascioli & lt;real.estate.professor at hotmail.com> wrote:


Linda:
?
Here in Colorado we have a public trustee that holds all deeds in trust.
?
In most states, you can go online?at the County Assessor's website and look up the property by parcel number or address.? Since there is a lag to?debt and liens being recorded, it is best to go down to the assessors office and ask to see the file for any "pending" liens, etc.
?
The easiest way to get this information is to call a title company and ask them to run a title report.? Most will do it for free or a small fee.
?
Good luck,
?
Kyle Cascioli
www.AuctionByBuilder.com 
?
Date: Mon, 18 May 2009 07:46:24 -0500 




From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Price very low - problems

Kyle,

If there is some way that you know of where buyers can find out exactly what is owed on a property, please let us know how.

Thanks,
Linda


On Sun, May 17, 2009 at 8:45 AM, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


What is?owed on a?property is a matter of public record and buyers can le
arn of that if they know how to research it.
?
Kyle Cascioli
www.AuctionBySeller.com 
?
> Date: Thu, 14 May 2009 22:01:43 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] Price very low - problems 




> 
> They can't know what you owe...they can only speculate based on the
> original loan amount that they calculated ...and they are guessing
> that you haven't put any extra money toward the principle. They can't
> call your bank and find out what the balance is. The bank can not
> discuss your account with anyone but you without written permission.
> It's really none of their business...and behaving badly just proves
> that they are interested as well as confused. Hold strong.
> 
> Hope this helps,
> Linda
> 
> On 5/14/09, Patrycja E Missiuro <patrycja at mit.edu> wrote:
> > Hi,
> >
> > Regarding the price being slightly less than half of what we expect.
> >
> > Well, we have it listed on craigslist for the Boston area and people here
&g t; > have
> > actually been looking up our house and mortgage on it and we have had
> > several
> > people email us and say that since the listing price is lower than the
> > mortgage
> > - it sounds very suspicious and that it is misrepresentation. Especially
> > since
> > they know that the price listed is less than what's still owed to the bank.
> >
> > People here in Boston are quite aggressive and they are actually getting
> > upset
> > at us 
listing at a price that is not what we are willing to sell the
> > house for.
> > We have had more than one call about it.
> >
> > Just thought you may want to know, I am actually getting worried about
> > our open
> > house and how much of that we'll have to face.
> >
> > Thanks,
> > patricia
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman.howtosellyourhomein5days.com
> > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
> >
> _______________________________________________
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From sean at folkson.com  Wed May 20 03:05:39 2009
From: sean at folkson.com (Sean Folkson)
Date: Wed, 20 May 2009 09:05:39 +0200
Subject: [5-DayForum]  TGarter Sale
Message-ID: <200905200707.n4K76xAE027031@intel1.peregrinehw.com>

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From bill at effros.com  Wed May 20 08:30:27 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 20 May 2009 08:30:27 -0400
Subject: [5-DayForum] Advertising
In-Reply-To: <1825411026-1242787257-cardhu_decombobulator_blackberry.rim.net-75330570-@bxe1163.bisx.prod.on.blackberry>
References: <eff2c1030905190455p41945e9dhe82fd59bce20e2d5@mail.gmail.com><4A1326C2.3060701@effros.com>
	<1825411026-1242787257-cardhu_decombobulator_blackberry.rim.net-75330570-@bxe1163.bisx.prod.on.blackberry>
Message-ID: <4A13F7E3.4080104@effros.com>

You are right that this keeps shifting, and I keep trying to figure it out.

I note that you sent this email via BlackBerry.  If you were looking for 
a home in your price range I assume you would look in Craig's List.  You 
would probably look in the newspaper as well--if you were one of the 
real buyers.

I am about to run a 5-Day Rental in NYC after the Memorial Day Weekend.  
I will advertise only on Craig's List, and save myself $1500 worth of 
advertising.  I know I could get $1900 for the apartment if I hold out 
long enough, and advertise widely enough.  I would get an out-of-town 
renter through a broker who would soon discover they had overpaid, and 
would leave the apartment in a year or less.

Then I would again have an empty apartment, that would bring in nothing 
for a month or two or three.

Instead, I will advertise my apartment solely in Craig's List at $950/mo 
or best offer.  I really will take the high, bid, no matter what it is.  
Hundreds of people will look at the apartment at this price.  They will 
tell others if the bids go above what they can afford.  Every real 
renter for an apartment like mine will know about my 5-Day Rental.  I 
will get a fair price.  The renter will get a good deal on a great 
apartment.

I wind up with the best tenants in the city.  They stay an average of 4 
years -- until their situation changes.  They never complain about their 
rent (which rises only at the rate of the cost of living). The longer 
they stay, the better their deal.

The people recommending MLS and other "for hire" services just don't 
understand how 5-Day Sales work.  Properly run 5-Day Sales "go viral" on 
the Internet.  25 responses in 3 days is an absurdly high response 
rate--but beating the bushes to make it happen is counter-productive.

If you offer a $2,000,000 home for $950,000 and if you are really 
prepared to take what you get, every real buyer will know about it, show 
up, and bid.  Those real buyers will bid against each other.

If all you're trying to get is an appraisal, it won't work. 

If you had $2,000,000 worth of stock to sell, and you told your broker 
to sell it on a given day, and you got only $1,750,000 on that day you 
would not say "the market didn't work".  You would say the value of your 
stock was less on the day you sold it than you thought you would get.  
And you would have no recourse--you told your broker to get you the most 
you could get--the stock is sold!  (And on that very same day, some 
other seller of the exact same stock might have received $2,250,000 for it.)

That's the way markets work.  If you run a 5-Day Sale properly, you will 
be the seller who gets $2,250,000 on that day, while some other seller 
with a virtually identical home gets only $1,750,000.

It's way past time for home owners to "grow up"!  You own a commodity in 
a market.  The 5-Day Method allows you to sell your commodity at the top 
end of the current market almost instantly without any selling cost at all.

Rambling back to your initial question.  Advertise solely on Craig's 
List.  Don't weasel on the wording so no one can label your ad a 
"scam".  If you can't get 25 responses by Friday night, you won't be 
able to get what you are "hoping for" no matter what you do.  Cancel the 
sale.  Try some other method.  Don't run a 5-Day Sale again until you 
are prepared to take what you can get.

Bill Effros
Author

akmihos at verizon.net wrote:
> Bill, do you show in the archives best places to advertise? I know that based on your book you say a local and regional paper, but what about web sites? Web sites for buyers for homes more than $1M. I don't think that a buyer at this price range will be checking Craiglists or do you? My big concern is folks not seeing the ad. Since you originally wrote your first publication and now, the success in advertising in the paper has significantly gone down due to other vehicles of advertisement such as the internet. One of the subscribers to the forum has advertised on the MLS for a small fee, but that does not allow you to advertise at 50% below your wish price. Well, it actually does, but you would not want to sell at that price or you would lose your shirt. Any ideas or suggestions?
> Sent via BlackBerry by AT&T
>
> -----Original Message-----
> From: Bill Effros <bill at effros.com>
>
> Date: Tue, 19 May 2009 17:38:10 
> To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
> Subject: Re: [5-DayForum] Results of my sale - price too low? To Pat	and
> 	Dmitry...
>
>
> _______________________________________________
> 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 bill at effros.com  Wed May 20 08:31:36 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 20 May 2009 08:31:36 -0400
Subject: [5-DayForum] How to Unsubscribe
In-Reply-To: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
References: <4424efe20901240127r1ba45164h70553f4a8513c3d@mail.gmail.com>
Message-ID: <4A13F828.9090800@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 bill at effros.com  Wed May 20 08:40:52 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 20 May 2009 08:40:52 -0400
Subject: [5-DayForum] TGarter Sale
In-Reply-To: <200905200707.n4K76xAE027031@intel1.peregrinehw.com>
References: <200905200707.n4K76xAE027031@intel1.peregrinehw.com>
Message-ID: <4A13FA54.8050604@effros.com>

SEAN!!!

The 5-Day Method does not get you what you are hoping for!  It does not 
change the market!

You get what your home is currently worth!

Tom understood this, and got out while he could.

That's all!

I'm sure he wishes he could get back what he paid several years ago, but 
he can't.  No matter what price he advertises.  No matter what he hopes for.

Tom caught on over time.  I'm sure he got the most anyone could have 
gotten on the day he sold it.  I'm sure he knows that.  If he had 
advertised at his "happy target number" of $200K he would surely still 
own it today, and be grumbling about why the 5-Day Method didn't work 
for him.

Bill Effros
Author

Sean Folkson wrote:
> Hi Bill,
>
> The difference between a "happy target number" of $150K and $200K is 
> 33%.  Pretty substantial.  Since either would result in EXACTLY the 
> same advertised price, I wanted to know if his target was more like 
> $195K or more like $150K.
>
> getting $145K if his target was $150K is fine....but, if his target 
> was $195K, I'm sure it would be harder for him to take.  His answer 
> was that he really didn't have a target going in, and that's fine 
> too.  But, that's what I was asking here....did he end up $5K below 
> where he hoped to be, or $50K, or someplace in between.
>
>
> Sean,
>
> By starting at the low end of what Tom thought he could get Tom got 
> enough respondents to conduct his sale.  Clearly he has a good idea
> of 
> his market, as $145 in his pocket is better than $150 with a broker.
>
> If he started at a higher price he might not have gotten enough 
> responses to run his sale.  Had he run it, he would have gotten the
> same 
> $145, probably from the same individual -- because that's what his home 
> is worth right now.  But he might not have known that was the best
> he 
> could get, and he might have waited for $175 or $180 8 months from now.
>
> Please note, 8 months ago homes were worth more in his area than they 
> are worth now, so waiting would have hurt him, not helped.
>
> As Tom observed, real estate in Michigan is not exactly booming. 
> There 
> are deep structural problems...you may have heard about them.
>
> Bill Effros
> Author
>
>
>
> Sean Folkson wrote:
> > Hi Tom,
> >
> > just curious what number you were targeting for your sale.
> >
> > If you followed the book to the letter, your ad price of $74,500 
> > indicates to me that you were looking to get between $150K and
> $200K 
> > for the house.  You got $145K, so, how far outside your
> range did you end up?
> >
> > Or, did you not have a specific "happy number target"
> going in to the sale?
> >
> > _______________________________________________
> ------------------------------------------------------------------------
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From macycles at yahoo.com  Wed May 20 08:51:41 2009
From: macycles at yahoo.com (M A)
Date: Wed, 20 May 2009 05:51:41 -0700 (PDT)
Subject: [5-DayForum] not so fast
Message-ID: <243123.22159.qm@web59714.mail.ac4.yahoo.com>


recently a realtor told me that there are plenty of buyers out there, and many are sitting on a lot of money, but because the way the market is, they feel they have the upper hand and will low ball the seller anyways, be fickle and demand something for nothing. so JP,? i dont' much feel like catering to my buyers like you mention we sellers should. when someone calls me and offers half of what my property is worth, i usually tell them to take a long hike.


--- On Wed, 5/20/09, John Paul Perez <jpperez100 at msn.com> wrote:

From: John Paul Perez <jpperez100 at msn.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wednesday, May 20, 2009, 5:48 AM




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J Crafor,

?

Success....been selling this way for about a year?and half now. I have sellers in some cases netting more than they would have in a traditional listing. I have buyers walking into their new homes?for less than they would have with a traditional listing. And the ones that don't get more than listing price, get just about what they would have received traditionaly, just much faster. But we are speaking of clients that truly want to sale, no speculators. 

?

No seller ever has to "take it". All contracts used by Realtors are for the protection of their clients, not their own..(well at least in Texas). Success is not just "sellers happy with the results", it's a win-win for all involved or nothing. I understand that this is a site dominated by sellers, but if you only look out for yourself and not?the well being of all involved ,then you are set up for failure from the beginning! If you don't know the Real buyers, how will you know how to cater to his/her needs. Yes cater, after all there more of you (sellers) than there are of them (buyers)...

?

FYI.. I have sold many of my investment properties this way... Buyers buying homes, sellers netting what they desired, sometimes more, check in my hand to pay for that vacation to Cabo...That my friend defines success!!!!!!!!!!!!!

?

?

Best of luck,

Jp

?





From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 22:47:44 +0000
Subject: Re: [5-DayForum] not so fast



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"As I have stated earlier, I have been selling?homes using a method similar to this for a?while now and have been very successful."?? best of luck,? Jp
?
Nobody defines successful. What does that mean, Jp? That you sold the houses? At what percent of FMV??How much over (or under) the 5Day advertised price? Were the sellers really happy with?your result, or did they HAVE to take it because of contract with you? SUCCESS is?sellers happy with the results.
?
Same with the other auctioneers. Define success when you say that. If you were selling your own home, would you be happy?taking the same results you accept on behalf of others?
?
When I did my first 5 DAY SALE, I had?investors that IMMEDIATELY bid to the price they could rent the house at and break even. THAT was 50 to 60K less?neighboring houses were going for. 
?
The "real buyers" those guys looking for a home for themselves, dying for a home for themselves, couldn't get close. The final 2 didn't go much higher..
Fortunately, I didn't NEED to sell, though I really wanted to. I moved into it, instead, and now have my former home up for salw. It will soon be listed, after a total bomb this past weekend. Read: ABSOLUTELY NO RESPONSES to the advertising.?
?
I?do not have to sell that house either, it will make a great rental. But, I really want to sell. But, not at such a great loss as 60 to 70 % of market value. 
JCrafor






From: jpperez100 at msn.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 12:03:01 -0500
Subject: Re: [5-DayForum] not so fast



#yiv1772301503 .ExternalClass .EC_hmmessage P
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I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true.?Do you really expect your buyers to pay more than?they have to??I hate to disappoint you, but they wont. There?is only one (1) solution to this problem......EDUCATION!!!!?Sellers and Buyers both, need to be educated?on what exactly Fair market?value is.
?
As I have stated earlier, I have been selling?homes using a method similar to this for a?while now and have been very successful.
?
best of luck,
Jp
?






Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.? I've been comparing it to what happens on eBay.? I think that you are most likely not going to get what the top bidder is willing to bid.? It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.? This has been my personal experience on eBay.? I have been willing to pay more? (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

?Also the marketing can bring very wide variations in the final result..? I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical). ? I think much of the difference was in how it was presented (marketed).? Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray



On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins. ?They will bid up to get the home & it will not matter how low others started bidding. ?You have to understand that this has worked for others & it could work for you. ?I agree with Kyle, there could be several factors that caused the disappointing results. ?You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need. ?If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


?- ?Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal. ?It's natural because the "low ballers" are searching for an exceptional deal. ?But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process. ?If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales. ?That means real buyers have recently paid those prices forsimilar properties. ?If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value..?
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd. ?#500
Orlando, FL ?32819
Office: ?(407) 352-3220
Fax: ? ? ?(407) 738-4816
Cell: ? ? ?(646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


?- ?Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.? i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT? bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a? customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.? I don't believe?Bill uses the term "fair market?value."
?
If you have a successful?pre-5?Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
?
Auctioning is nothing new.? Our entire economy is based on the principle.? This is why we auction of T-Bills.
?
We would all need to know more about the specifics of your?property, market, sub-market, etc., to know why you achieved the result that you did.
?
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.? It does work.? It just didn't work for you given your expectation on a given day.? Why do you think it didn't work for you that day?
?
Best, 
?
Kyle Cascioli
www.AuctionBySeller.com 
?

?


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course? it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.? There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.? but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process?generated an offer where none was?generated before, then by definition "it worked."
?
The market spoke to you , but you?didn;t like what it had to say.? You are not alone.
?
Best luck moving forward.
?
Kyle Cascioli
www.AuctionBySeller.com ?
?
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 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 May 20 09:05:19 2009
From: bill at effros.com (Bill Effros)
Date: Wed, 20 May 2009 09:05:19 -0400
Subject: [5-DayForum] not so fast
In-Reply-To: <243123.22159.qm@web59714.mail.ac4.yahoo.com>
References: <243123.22159.qm@web59714.mail.ac4.yahoo.com>
Message-ID: <4A14000F.6060103@effros.com>

M A

Why do people listen to realtors anymore?  They were demonstrably 
completely wrong.

Of course there are plenty of buyers out there!  Millions of homes will 
be bought and sold this year, just like every other year.

And they will all be sold for their current market value.

Yours won't be sold until you are prepared to take what it's worth.  
Maybe that will go up if you wait long enough.  Maybe it will go down.

Your property is worth what buyers are willing to pay for it.

GROW UP!

(I guess that's my current catch-phrase, and I plan to keep using it 
until I tire of it.  It is so frustrating to see whiners blaming the 
market for their problems.)

Bill Effros
Author

M A wrote:
>
> recently a realtor told me that there are plenty of buyers out there, 
> and many are sitting on a lot of money, but because the way the market 
> is, they feel they have the upper hand and will low ball the seller 
> anyways, be fickle and demand something for nothing. so JP,  i dont' 
> much feel like catering to my buyers like you mention we sellers 
> should. when someone calls me and offers half of what my property is 
> worth, i usually tell them to take a long hike.
>
>
> --- On *Wed, 5/20/09, John Paul Perez /<jpperez100 at msn.com>/* wrote:
>
>
>     From: John Paul Perez <jpperez100 at msn.com>
>     Subject: Re: [5-DayForum] not so fast
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     Date: Wednesday, May 20, 2009, 5:48 AM
>
>     J Crafor,
>      
>     Success....been selling this way for about a year and half now. I
>     have sellers in some cases netting more than they would have in a
>     traditional listing. I have buyers walking into their new
>     homes for less than they would have with a traditional listing.
>     And the ones that don't get more than listing price, get just
>     about what they would have received traditionaly, just much
>     faster. But we are speaking of clients that truly want to sale, no
>     speculators.
>      
>     No seller ever has to "take it". All contracts used by Realtors
>     are for the protection of their clients, not their own..(well at
>     least in Texas). Success is not just "sellers happy with the
>     results", it's a win-win for all involved or nothing. I understand
>     that this is a site dominated by sellers, but if you only look out
>     for yourself and not the well being of all involved ,then you are
>     set up for failure from the beginning! If you don't know the Real
>     buyers, how will you know how to cater to his/her needs. Yes
>     cater, after all there more of you (sellers) than there are of
>     them (buyers)...
>      
>     FYI.. I have sold many of my investment properties this way...
>     Buyers buying homes, sellers netting what they desired, sometimes
>     more, check in my hand to pay for that vacation to Cabo...That my
>     friend defines success!!!!!!!!!!!!!
>      
>      
>     Best of luck,
>     Jp
>      
>     ------------------------------------------------------------------------
>
>     From: jcrafor at hotmail.com
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     Date: Tue, 19 May 2009 22:47:44 +0000
>     Subject: Re: [5-DayForum] not so fast
>
>     "As I have stated earlier, I have been selling homes using a
>     method similar to this for a while now and have been very
>     successful."   best of luck,  Jp
>      
>     Nobody defines successful. What does that mean, Jp? That you sold
>     the houses? At what percent of FMV? How much over (or under) the
>     5Day advertised price? Were the sellers really happy with your
>     result, or did they HAVE to take it because of contract with you?
>     SUCCESS is sellers happy with the results.
>      
>     Same with the other auctioneers. Define success when you say that.
>     If you were selling your own home, would you be happy taking the
>     same results you accept on behalf of others?
>      
>     When I did my first 5 DAY SALE, I had investors that IMMEDIATELY
>     bid to the price they could rent the house at and break even. THAT
>     was 50 to 60K less neighboring houses were going for.
>      
>     The "real buyers" those guys looking for a home for themselves,
>     dying for a home for themselves, couldn't get close. The final 2
>     didn't go much higher.
>     Fortunately, I didn't NEED to sell, though I really wanted to. I
>     moved into it, instead, and now have my former home up for salw.
>     It will soon be listed, after a total bomb this past weekend.
>     Read: ABSOLUTELY NO RESPONSES to the advertising. 
>      
>     I do not have to sell that house either, it will make a great
>     rental. But, I really want to sell. But, not at such a great loss
>     as 60 to 70 % of market value.
>     JCrafor
>
>     ------------------------------------------------------------------------
>
>     From: jpperez100 at msn.com
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     Date: Tue, 19 May 2009 12:03:01 -0500
>     Subject: Re: [5-DayForum] not so fast
>
>     I have notice a trend on this forum. The biggest compliant I seem
>     to to hear over and over again, is the "true Market Value" of the
>     property. Linda what you say is true. Do you really expect your
>     buyers to pay more than they have to? I hate to disappoint you,
>     but they wont. There is only one (1) solution to this
>     problem......EDUCATION!!!! Sellers and Buyers both, need to be
>     educated on what exactly Fair market value is.
>      
>     As I have stated earlier, I have been selling homes using a method
>     similar to this for a while now and have been very successful.
>      
>     best of luck,
>     Jp
>      
>
>     ------------------------------------------------------------------------
>
>     Date: Tue, 19 May 2009 11:49:55 -0500
>     From: go.jelinco at gmail.com
>     To: 5-dayforum at mailman.howtosellyourhomein5days.com
>     Subject: Re: [5-DayForum] not so fast
>
>     I've been thinking about this quite a bit lately.  I've been
>     comparing it to what happens on eBay.  I think that you are most
>     likely not going to get what the top bidder is willing to bid.  It
>     only stands to reason that if the second place bidder stops
>     bidding, the top bidder will also...even if they were willing to
>     go ten, twenty, fifty thousand dollars more. The last two bidders
>     would have to be only $500.00 apart in their minds to get to what
>     the top bidder was willing to bid.  This has been my personal
>     experience on eBay.  I have been willing to pay more  (sometimes
>     quite a bit more)...but didn't have to because the other bidders
>     dropped out early.
>
>      Also the marketing can bring very wide variations in the final
>     result.  I have seen wildly different ending prices on the exact
>     same items (and of course houses are more subjective and no two
>     properties are identical).   I think much of the difference was in
>     how it was presented (marketed).  Of course it's also the luck of
>     the draw about who happens to be looking when you are selling, how
>     savvy they are and how willing they are to wait for something else
>     to come along.
>
>     ~Linda Gray
>
>
>     On Tue, May 19, 2009 at 9:03 AM, SKY HIGH
>     <skyhighplanning at gmail.com> wrote:
>
>         Once the bidding begins.  They will bid up to get the home &
>         it will not matter how low others started bidding.  You have
>         to understand that this has worked for others & it could work
>         for you.  I agree with Kyle, there could be several factors
>         that caused the disappointing results.  You have to be clear
>         on what it takes & avoid many common mistakes that will
>         decrease chances of getting the buyers you need.  If you can
>         convince people that the home will be sold Sunday night & your
>         marketing is strong then those owner occupant buyers will do
>         anything possible to get the home.
>
>         Carlos A. Chica
>         Investor, Real Estate Solutions Co.
>         646-552-0107
>
>         Coming Soon:
>
>         www.SKYHIGHPLANNING.com
>
>         "It's kind of Fun to do the Impossible"
>
>          -  Walt Disney
>
>         On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:
>
>             or... when you offer your house at crazy low price, the
>             real buyers who actually fell in love with your house, get
>             a quick eduction from low ballers that come to the auction
>             and refuse to pay fair market value, because they don't
>             want to look stupid and overbid seeing that the low
>             ballers are offering little to nothing.
>
>
>
>
>
>
>             --- On *Tue, 5/19/09, SKY HIGH
>             /<skyhighplanning at gmail.com>/* wrote:
>
>
>                 From: SKY HIGH <skyhighplanning at gmail.com>
>                 Subject: Re: [5-DayForum] not so fast
>                 To: "How To Sell Your Home in 5-Days"
>                 <5-dayforum at mailman.howtosellyourhomein5days.com>
>                 Date: Tuesday, May 19, 2009, 1:30 PM
>
>                 The key is to understand that there may always be
>                 Investors bidding hoping to get a deal.  It's natural
>                 because the "low ballers" are searching for an
>                 exceptional deal.  But you need to be concerned with
>                 the two or three buyers that fall in love with the
>                 property & will pay as close to market value as you
>                 can get them to through the bidding process.  If you
>                 only are getting buyers who aren't motivated enough to
>                 pay market value then it's very possible that the
>                 marketing could use some work.
>                 The actual market value is only determined by the most
>                 recent comparable sales.  That means real buyers have
>                 recently paid those prices forsimilar properties.  If
>                 you only get low offers that means your either unclear
>                 about curret market value or the buyers were trying to
>                 buy under market value. 
>                 Carlos A. Chica
>                 Sky High Planning, Inc.
>                 7380 Sand Lake Rd.  #500
>                 Orlando, FL  32819
>                 Office:  (407) 352-3220
>                 Fax:      (407) 738-4816
>                 Cell:      (646) 552-0107
>                 skyhighplanning at gmail.com
>
>                 Coming Soon:
>
>                 www.SKYHIGHPLANNING.com
>
>                 "It's kind of Fun to do the Impossible"
>
>                  -  Walt Disney
>
>                 On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com>
>                 wrote:
>
>                     you know "fair market value" and "true market
>                     value" are all a matter of semantics actually. the
>                     honest reason WHY people are attracted to the
>                     system is because they are looking for "FAIR"
>                     market value, at least that was my reason for
>                     it..  i don't believe there is such a thing as
>                     true market value per se. you get a bunch of low
>                     ballers together, and they will NOT  bid up to
>                     fair market value, only true market value for
>                     them, and thats never true because its not true
>                     for all parties concerned, thats why the sellers
>                     are disspointed. so you have to question, wether
>                     the auction system attracts low ballers and not
>                     real buyers... its kind of like what you put out
>                     in the world, if you are going to dress up like a
>                     2 penny whore but expect to be paid a few dollars,
>                     you are going to attract a  customer who is going
>                     to expect to pay you 2 pennies not a few dollars.
>
>                     --- On *Tue, 5/19/09, Kyle Cascioli
>                     /<real.estate.professor at hotmail.com>/* wrote:
>
>
>                         From: Kyle Cascioli
>                         <real.estate.professor at hotmail.com>
>                         Subject: Re: [5-DayForum] not so fast
>                         To:
>                         5-dayforum at mailman.howtosellyourhomein5days.com
>                         Date: Tuesday, May 19, 2009, 12:57 PM
>
>                         Market's are not fair.  I don't believe Bill
>                         uses the term "fair market value."
>                          
>                         If you have a successful pre-5 Day Sale
>                         marketing campaign and a sufficient base of
>                         owner-buyer bidders you will get "true market"
>                         offers.
>                          
>                         Auctioning is nothing new.  Our entire economy
>                         is based on the principle.  This is why we
>                         auction of T-Bills.
>                          
>                         We would all need to know more about the
>                         specifics of your property, market,
>                         sub-market, etc., to know why you achieved the
>                         result that you did.
>                          
>                         We want your feedback, understand your
>                         disappointment, but question your belief that
>                         the method doesn't work.  It does work.  It
>                         just didn't work for you given your
>                         expectation on a given day.  Why do you think
>                         it didn't work for you that day?
>                          
>                         Best,
>                          
>                         Kyle Cascioli
>                         www.AuctionBySeller.com
>                          
>
>                          
>                         ------------------------------------------------------------------------
>                         Date: Tue, 19 May 2009 05:49:15 -0700
>                         From: macycles at yahoo.com
>                         To:
>                         5-dayforum at mailman.howtosellyourhomein5days.com
>                         Subject: [5-DayForum] not so fast
>
>                         that does not make sense what you said Kyle,
>                         of course  it generated an offer. i can get an
>                         offer any day on my property at 30% below
>                         market, i don't need to do an auction for
>                         that. the 5 day auction says that at the end
>                         you should at least generate fare market
>                         value, that's the whole point of its
>                         proclaimed success, and thats why people are
>                         attracted to it, by the promise of generating
>                         a fair market value.  There is nothing
>                         successful about being low balled and now
>                         being pressured into selling it at that price,
>                         like this woman below was describing. if that
>                         happened to me after all the effort and work
>                         of organizing an auction, i would as well be
>                         pretty disspointed.  but then again, may be
>                         for you Kyle, selling at a low ball price is a
>                         success, i just can't see it how its a success
>                         for most people.
>
>                         --- On *Tue, 5/19/09, Kyle Cascioli
>                         /<real.estate.professor at hotmail.com>/* wrote:
>
>
>                             From: Kyle Cascioli
>                             <real.estate.professor at hotmail.com>
>                             Subject: Re: [5-DayForum] Did the Open
>                             House this weekend and bidding
>                             To:
>                             5-dayforum at mailman.howtosellyourhomein5days.com
>                             Date: Tuesday, May 19, 2009, 12:29 PM
>
>                             If the process generated an offer where
>                             none was generated before, then by
>                             definition "it worked."
>                              
>                             The market spoke to you , but you didn;t
>                             like what it had to say.  You are not alone.
>                              
>                             Best luck moving forward.
>                              
>                             Kyle Cascioli
>                             www.AuctionBySeller.com  
>                              
>                             > Date: Sun, 17 May 2009 22:31:43 -0400
>                             > From: patrycja at MIT..EDU
>                             > To:
>                             5-dayforum at mailman.howtosellyourhomein5days.com
>                             > Subject: [5-DayForum] Did the Open House
>                             this weekend and bidding
>                             >
>                             > Hi,
>                             >
>                             > My husband and I did everything by the
>                             book. We live and own a condo in
>                             > Cambridge, MA which is still a good
>                             market.. Got over 25 calls and over 60
>                             > different people in 2 days. We just
>                             finished the bidding at 280K which is way
>                             > below the market price for a condo in
>                             Cambridge of the kind we are selling -
>                             > the lowest one can expect for this is
>                             320K, the average is like $350K. Most
>                             > people who came in were looking for a
>                             bargain, they were smart but they just
>                             > could not get over the enormous price
>                             difference jump from 174,500 which we
>                             > listed it at. There is something wrong
>                             here when the top bidder is a real
>                             > estate agent who is now pressuring us to
>                             sell it to him b/c he knows it is way
>                             > under market value.
>                             >
>                             > The method does not work and it needs
>                             serious tweaks. It was an enormously
>                             > draining experience for us.
>                             >
>                             > Please keep this in mind.
>                             > Patricia and Dmitry
>                             >
>                             >
>                             >
>                             >
>                             >
>                             _______________________________________________
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>                             >
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>                             >
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>
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From sean at folkson.com  Wed May 20 09:16:57 2009
From: sean at folkson.com (Sean Folkson)
Date: Wed, 20 May 2009 15:16:57 +0200
Subject: [5-DayForum]  TGarter Sale
Message-ID: <200905201318.n4KDI6uX020208@intel1.peregrinehw.com>

Bill,

I just wanted to hear from somebody who considered his sale a success 
how close he got to what he was hoping for.  I wasn't asking why he 
didn't advertise at his "happy target number" or suggesting that he 
should have.

Whatever the home is "worth", I'm sure he would have been happier 
with $160K than $145K, and happier with $600K than with $160K.

I just wanted to know where the final sale price fell in relation to 
what his expectations were going in.

Most people have expectations going in, and that determines, as much 
as anything else, whether or not they feel their high bid was a success.

When people who get a high bid of $450k don't sell because they were 
hoping for $600, you tell them that their house was only worth $450K 
on that day (if they ran the sale properly).  Conversely, if somebody 
was hoping to get $250K, and they run the sale properly and they get 
$300k for the house, you'd say their house was worth $300K on that 
day, and I'd agree.

So, on this day, if we choose to agree that Tom's house was worth the 
$145K he got was a success.  If he got $190K, it would be more 
successful, right?  I was just curious how far off he was from his 
starting number.


From john at teamjohnhill.com  Wed May 20 09:21:38 2009
From: john at teamjohnhill.com (John Hill)
Date: Wed, 20 May 2009 08:21:38 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <4A14000F.6060103@effros.com>
Message-ID: <20090520132138.ODVA22359.outaamta01.mail.tds.net@JohnHill>

Good morning to you too.

 

  _____  

From:
5-dayforum-bounces+john=teamjohnhill.com at mailman.howtosellyourhomein5days.co
m
[mailto:5-dayforum-bounces+john=teamjohnhill.com at mailman.howtosellyourhomein
5days.com] On Behalf Of Bill Effros
Sent: Wednesday, May 20, 2009 8:05 AM
To: How To Sell Your Home in 5-Days
Subject: Re: [5-DayForum] not so fast

 

M A

Why do people listen to realtors anymore?  They were demonstrably completely
wrong.

Of course there are plenty of buyers out there!  Millions of homes will be
bought and sold this year, just like every other year.

And they will all be sold for their current market value.

Yours won't be sold until you are prepared to take what it's worth.  Maybe
that will go up if you wait long enough.  Maybe it will go down.

Your property is worth what buyers are willing to pay for it.

GROW UP!

(I guess that's my current catch-phrase, and I plan to keep using it until I
tire of it.  It is so frustrating to see whiners blaming the market for
their problems.)

Bill Effros
Author

M A wrote: 



recently a realtor told me that there are plenty of buyers out there, and
many are sitting on a lot of money, but because the way the market is, they
feel they have the upper hand and will low ball the seller anyways, be
fickle and demand something for nothing. so JP,  i dont' much feel like
catering to my buyers like you mention we sellers should. when someone calls
me and offers half of what my property is worth, i usually tell them to take
a long hike.


--- On Wed, 5/20/09, John Paul Perez  <mailto:jpperez100 at msn.com>
<jpperez100 at msn.com> wrote:


From: John Paul Perez  <mailto:jpperez100 at msn.com> <jpperez100 at msn.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Wednesday, May 20, 2009, 5:48 AM

J Crafor,
 
Success....been selling this way for about a year and half now. I have
sellers in some cases netting more than they would have in a traditional
listing. I have buyers walking into their new homes for less than they would
have with a traditional listing. And the ones that don't get more than
listing price, get just about what they would have received traditionaly,
just much faster. But we are speaking of clients that truly want to sale, no
speculators. 
 
No seller ever has to "take it". All contracts used by Realtors are for the
protection of their clients, not their own..(well at least in Texas).
Success is not just "sellers happy with the results", it's a win-win for all
involved or nothing. I understand that this is a site dominated by sellers,
but if you only look out for yourself and not the well being of all involved
,then you are set up for failure from the beginning! If you don't know the
Real buyers, how will you know how to cater to his/her needs. Yes cater,
after all there more of you (sellers) than there are of them (buyers)...
 
FYI.. I have sold many of my investment properties this way... Buyers buying
homes, sellers netting what they desired, sometimes more, check in my hand
to pay for that vacation to Cabo...That my friend defines
success!!!!!!!!!!!!!
 
 
Best of luck,
Jp
 

  _____  


From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 22:47:44 +0000
Subject: Re: [5-DayForum] not so fast

"As I have stated earlier, I have been selling homes using a method similar
to this for a while now and have been very successful."   best of luck,  Jp
 
Nobody defines successful. What does that mean, Jp? That you sold the
houses? At what percent of FMV? How much over (or under) the 5Day advertised
price? Were the sellers really happy with your result, or did they HAVE to
take it because of contract with you? SUCCESS is sellers happy with the
results.
 
Same with the other auctioneers. Define success when you say that. If you
were selling your own home, would you be happy taking the same results you
accept on behalf of others?
 
When I did my first 5 DAY SALE, I had investors that IMMEDIATELY bid to the
price they could rent the house at and break even. THAT was 50 to 60K less
neighboring houses were going for. 
 
The "real buyers" those guys looking for a home for themselves, dying for a
home for themselves, couldn't get close. The final 2 didn't go much higher.
Fortunately, I didn't NEED to sell, though I really wanted to. I moved into
it, instead, and now have my former home up for salw. It will soon be
listed, after a total bomb this past weekend. Read: ABSOLUTELY NO RESPONSES
to the advertising. 
 
I do not have to sell that house either, it will make a great rental. But, I
really want to sell. But, not at such a great loss as 60 to 70 % of market
value. 
JCrafor

  _____  


From: jpperez100 at msn.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 12:03:01 -0500
Subject: Re: [5-DayForum] not so fast

I have notice a trend on this forum. The biggest compliant I seem to to hear
over and over again, is the "true Market Value" of the property. Linda what
you say is true. Do you really expect your buyers to pay more than they have
to? I hate to disappoint you, but they wont. There is only one (1) solution
to this problem......EDUCATION!!!! Sellers and Buyers both, need to be
educated on what exactly Fair market value is.
 
As I have stated earlier, I have been selling homes using a method similar
to this for a while now and have been very successful.
 
best of luck,
Jp
 

  _____  


Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.  I've been comparing it to
what happens on eBay.  I think that you are most likely not going to get
what the top bidder is willing to bid.  It only stands to reason that if the
second place bidder stops bidding, the top bidder will also...even if they
were willing to go ten, twenty, fifty thousand dollars more. The last two
bidders would have to be only $500.00 apart in their minds to get to what
the top bidder was willing to bid.  This has been my personal experience on
eBay.  I have been willing to pay more  (sometimes quite a bit more)...but
didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I
have seen wildly different ending prices on the exact same items (and of
course houses are more subjective and no two properties are identical).   I
think much of the difference was in how it was presented (marketed).  Of
course it's also the luck of the draw about who happens to be looking when
you are selling, how savvy they are and how willing they are to wait for
something else to come along.

~Linda Gray



On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:

Once the bidding begins.  They will bid up to get the home & it will not
matter how low others started bidding.  You have to understand that this has
worked for others & it could work for you.  I agree with Kyle, there could
be several factors that caused the disappointing results.  You have to be
clear on what it takes & avoid many common mistakes that will decrease
chances of getting the buyers you need.  If you can convince people that the
home will be sold Sunday night & your marketing is strong then those owner
occupant buyers will do anything possible to get the home.


Carlos A. Chica 

Investor, Real Estate Solutions Co.

646-552-0107

 

Coming Soon:

 

www.SKYHIGHPLANNING.com

 

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

 

 -  Walt Disney


On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:


or... when you offer your house at crazy low price, the real buyers who
actually fell in love with your house, get a quick eduction from low ballers
that come to the auction and refuse to pay fair market value, because they
don't want to look stupid and overbid seeing that the low ballers are
offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days"
<5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM

The key is to understand that there may always be Investors bidding hoping
to get a deal.  It's natural because the "low ballers" are searching for an
exceptional deal.  But you need to be concerned with the two or three buyers
that fall in love with the property & will pay as close to market value as
you can get them to through the bidding process.  If you only are getting
buyers who aren't motivated enough to pay market value then it's very
possible that the marketing could use some work.

The actual market value is only determined by the most recent comparable
sales.  That means real buyers have recently paid those prices forsimilar
properties.  If you only get low offers that means your either unclear about
curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 

Sky High Planning, Inc.

7380 Sand Lake Rd.  #500

Orlando, FL  32819

Office:  (407) 352-3220

Fax:      (407) 738-4816

Cell:      (646) 552-0107

skyhighplanning at gmail.com

 

Coming Soon:

 

www.SKYHIGHPLANNING.com

 

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

 

 -  Walt Disney


On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:


you know "fair market value" and "true market value" are all a matter of
semantics actually. the honest reason WHY people are attracted to the system
is because they are looking for "FAIR" market value, at least that was my
reason for it..  i don't believe there is such a thing as true market value
per se. you get a bunch of low ballers together, and they will NOT  bid up
to fair market value, only true market value for them, and thats never true
because its not true for all parties concerned, thats why the sellers are
disspointed. so you have to question, wether the auction system attracts low
ballers and not real buyers... its kind of like what you put out in the
world, if you are going to dress up like a 2 penny whore but expect to be
paid a few dollars, you are going to attract a  customer who is going to
expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com>
wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM

Market's are not fair.  I don't believe Bill uses the term "fair market
value."
 
If you have a successful pre-5 Day Sale marketing campaign and a sufficient
base of owner-buyer bidders you will get "true market" offers.
 
Auctioning is nothing new.  Our entire economy is based on the principle.
This is why we auction of T-Bills.
 
We would all need to know more about the specifics of your property, market,
sub-market, etc., to know why you achieved the result that you did.
 
We want your feedback, understand your disappointment, but question your
belief that the method doesn't work.  It does work.  It just didn't work for
you given your expectation on a given day.  Why do you think it didn't work
for you that day?
 
Best, 
 
Kyle Cascioli
www.AuctionBySeller.com 
 

 

  _____  

Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast


that does not make sense what you said Kyle, of course  it generated an
offer. i can get an offer any day on my property at 30% below market, i
don't need to do an auction for that. the 5 day auction says that at the end
you should at least generate fare market value, that's the whole point of
its proclaimed success, and thats why people are attracted to it, by the
promise of generating a fair market value.  There is nothing successful
about being low balled and now being pressured into selling it at that
price, like this woman below was describing. if that happened to me after
all the effort and work of organizing an auction, i would as well be pretty
disspointed.  but then again, may be for you Kyle, selling at a low ball
price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com>
wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM

If the process generated an offer where none was generated before, then by
definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are
not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT..EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market.. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is
way
> below the market price for a condo in Cambridge of the kind we are selling
-
> the lowest one can expect for this is 320K, the average is like $350K.
Most
> people who came in were looking for a bargain, they were smart but they
just
> could not get over the enormous price difference jump from 174,500 which
we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is
way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 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  Wed May 20 09:26:14 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Wed, 20 May 2009 09:26:14 -0400
Subject: [5-DayForum] not so fast
In-Reply-To: <BAY0-DP4-6B549D6F9AF0FBB5E942C96580@phx.gbl>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
	<60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
	<85F76A12-4392-49B4-97A7-4E9992AF75B2@gmail.com>
	<BAY0-DP4-6B549D6F9AF0FBB5E942C96580@phx.gbl>
Message-ID: <048946F3-67E3-4081-8A9B-140611DE132D@gmail.com>

I haven't had any of those problems but thanks.

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

Coming Soon:

www.SKYHIGHPLANNING.com

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

  -  Walt Disney

On May 20, 2009, at 1:59 AM, John Paul Perez <jpperez100 at msn.com> wrote:

> Carlos,
>
> you are correct when you say YOU don't have to educate your buyers  
> on how to pay you more for your home. But someone has to, and I have  
> found many to do it for me, for free... This solution alleviates  
> both problems you are facing, low bids and low attendance of ready,  
> willing, and able buyers..
>
> Love your Walt Disney Quote... now there was a thinking man... I'm  
> sure you'll figure it out..
>
> Good Luck,
> Jp
> From: skyhighplanning at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tue, 19 May 2009 16:18:28 -0400
> Subject: Re: [5-DayForum] not so fast
>
> Don't expect to educate your buyers on how to pay you more for your  
> home.  You can educate yourself more on Marketing, timing, & the  
> bidding process.  The only way to get the highest bidder's bid is  
> for that buyer to show up at your sale.
>
> Carlos A. Chica
> Investor, Real Estate Solutions Co.
> Succesful Seller
> (646) 552-0107
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 3:57 PM, Linda Gray <go.jelinco at gmail.com> wrote:
>
> No worries JP...I'm not disappointed at all.  Since you agree that  
> what I say is true, then there must be some sort of solution to this  
> problem....there always is.  I'm just wondering if anyone knows if  
> there is a way to actually get the top price that the top bidder is  
> willing to pay for the house...not just where the bidding stops.  I  
> think that sellers don't want to leave any money on the table when  
> all is said and done.
>
> Also, what education do you propose in educating ourselves and more  
> importantly, our buyers (bidders)?
>
> Thanks,
> Linda
>
>
>
> On Tue, May 19, 2009 at 12:03 PM, John Paul Perez  
> <jpperez100 at msn.com> wrote:
> I have notice a trend on this forum. The biggest compliant I seem to  
> to hear over and over again, is the "true Market Value" of the  
> property. Linda what you say is true. Do you really expect your  
> buyers to pay more than they have to? I hate to disappoint you, but  
> they wont. There is only one (1) solution to this  
> problem......EDUCATION!!!! Sellers and Buyers both, need to be  
> educated on what exactly Fair market value is.
>
> As I have stated earlier, I have been selling homes using a method  
> similar to this for a while now and have been very successful.
>
> best of luck,
> Jp
>
> Date: Tue, 19 May 2009 11:49:55 -0500
> From: go.jelinco at gmail.com
>
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] not so fast
>
> I've been thinking about this quite a bit lately.  I've been  
> comparing it to what happens on eBay.  I think that you are most  
> likely not going to get what the top bidder is willing to bid.  It  
> only stands to reason that if the second place bidder stops bidding,  
> the top bidder will also...even if they were willing to go ten,  
> twenty, fifty thousand dollars more. The last two bidders would have  
> to be only $500.00 apart in their minds to get to what the top  
> bidder was willing to bid.  This has been my personal experience on  
> eBay.  I have been willing to pay more  (sometimes quite a bit  
> more)...but didn't have to because the other bidders dropped out  
> early.
>
>  Also the marketing can bring very wide variations in the final  
> result.  I have seen wildly different ending prices on the exact  
> same items (and of course houses are more subjective and no two  
> properties are identical).   I think much of the difference was in  
> how it was presented (marketed).  Of course it's also the luck of  
> the draw about who happens to be looking when you are selling, how  
> savvy they are and how willing they are to wait for something else  
> to come along.
>
> ~Linda Gray
>
> On Tue, May 19, 2009 at 9:03 AM, SKY HIGH  
> <skyhighplanning at gmail.com> wrote:
> Once the bidding begins.  They will bid up to get the home & it will  
> not matter how low others started bidding.  You have to understand  
> that this has worked for others & it could work for you.  I agree  
> with Kyle, there could be several factors that caused the  
> disappointing results.  You have to be clear on what it takes &  
> avoid many common mistakes that will decrease chances of getting the  
> buyers you need.  If you can convince people that the home will be  
> sold Sunday night & your marketing is strong then those owner  
> occupant buyers will do anything possible to get the home.
>
> Carlos A. Chica
> Investor, Real Estate Solutions Co.
> 646-552-0107
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:
>
> or... when you offer your house at crazy low price, the real buyers  
> who actually fell in love with your house, get a quick eduction from  
> low ballers that come to the auction and refuse to pay fair market  
> value, because they don't want to look stupid and overbid seeing  
> that the low ballers are offering little to nothing.
>
>
>
>
>
>
> --- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:
>
> From: SKY HIGH <skyhighplanning at gmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com 
> >
> Date: Tuesday, May 19, 2009, 1:30 PM
>
> The key is to understand that there may always be Investors bidding  
> hoping to get a deal.  It's natural because the "low ballers" are  
> searching for an exceptional deal.  But you need to be concerned  
> with the two or three buyers that fall in love with the property &  
> will pay as close to market value as you can get them to through the  
> bidding process.  If you only are getting buyers who aren't  
> motivated enough to pay market value then it's very possible that  
> the marketing could use some work.
> The actual market value is only determined by the most recent  
> comparable sales.  That means real buyers have recently paid those  
> prices forsimilar properties.  If you only get low offers that means  
> your either unclear about curret market value or the buyers were  
> trying to buy under market value.
> Carlos A. Chica
> Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
> skyhighplanning at gmail.com
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:
>
> you know "fair market value" and "true market value" are all a  
> matter of semantics actually. the honest reason WHY people are  
> attracted to the system is because they are looking for "FAIR"  
> market value, at least that was my reason for it.  i don't believe  
> there is such a thing as true market value per se. you get a bunch  
> of low ballers together, and they will NOT  bid up to fair market  
> value, only true market value for them, and thats never true because  
> its not true for all parties concerned, thats why the sellers are  
> disspointed. so you have to question, wether the auction system  
> attracts low ballers and not real buyers... its kind of like what  
> you put out in the world, if you are going to dress up like a 2  
> penny whore but expect to be paid a few dollars, you are going to  
> attract a  customer who is going to expect to pay you 2 pennies not  
> a few dollars.
>
> --- On Tue, 5/19/09, Kyle Cascioli  
> <real.estate.professor at hotmail.com> wrote:
>
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:57 PM
>
> Market's are not fair.  I don't believe Bill uses the term "fair  
> market value."
>
> If you have a successful pre-5 Day Sale marketing campaign and a  
> sufficient base of owner-buyer bidders you will get "true market"  
> offers.
>
> Auctioning is nothing new.  Our entire economy is based on the  
> principle.  This is why we auction of T-Bills.
>
> We would all need to know more about the specifics of your property,  
> market, sub-market, etc., to know why you achieved the result that  
> you did.
>
> We want your feedback, understand your disappointment, but question  
> your belief that the method doesn't work.  It does work.  It just  
> didn't work for you given your expectation on a given day.  Why do  
> you think it didn't work for you that day?
>
> Best,
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
>
>
> Date: Tue, 19 May 2009 05:49:15 -0700
> From: macycles at yahoo.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] not so fast
>
> that does not make sense what you said Kyle, of course  it generated  
> an offer. i can get an offer any day on my property at 30% below  
> market, i don't need to do an auction for that. the 5 day auction  
> says that at the end you should at least generate fare market value,  
> that's the whole point of its proclaimed success, and thats why  
> people are attracted to it, by the promise of generating a fair  
> market value.  There is nothing successful about being low balled  
> and now being pressured into selling it at that price, like this  
> woman below was describing. if that happened to me after all the  
> effort and work of organizing an auction, i would as well be pretty  
> disspointed.  but then again, may be for you Kyle, selling at a low  
> ball price is a success, i just can't see it how its a success for  
> most people.
>
> --- On Tue, 5/19/09, Kyle Cascioli  
> <real.estate.professor at hotmail.com> wrote:
>
> From: Kyle Cascioli <real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:29 PM
>
> If the process generated an offer where none was generated before,  
> then by definition "it worked."
>
> The market spoke to you , but you didn;t like what it had to say.   
> You are not alone.
>
> Best luck moving forward.
>
> Kyle Cascioli
> www.AuctionBySeller.com
>
> > Date: Sun, 17 May 2009 22:31:43 -0400
> > From: patrycja at MIT.EDU
> > To: 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] Did the Open House this weekend and bidding
> >
> > Hi,
> >
> > My husband and I did everything by the book. We live and own a  
> condo in
> > Cambridge, MA which is still a good market. Got over 25 calls and  
> over 60
> > different people in 2 days. We just finished the bidding at 280K  
> which is way
> > below the market price for a condo in Cambridge of the kind we are  
> selling -
> > the lowest one can expect for this is 320K, the average is like  
> $350K. Most
> > people who came in were looking for a bargain, they were smart but  
> they just
> > could not get over the enormous price difference jump from 174,500  
> which we
> > listed it at. There is something wrong here when the top bidder is  
> a real
> > estate agent who is now pressuring us to sell it to him b/c he  
> knows it is way
> > under market value.
> >
> > The method does not work and it needs serious tweaks. It was an  
> enormously
> > draining experience for us.
> >
> > Please keep this in mind.
> > Patricia and Dmitry
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman..howtosellyourhomein5days.com
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From macycles at yahoo.com  Wed May 20 09:39:06 2009
From: macycles at yahoo.com (M A)
Date: Wed, 20 May 2009 06:39:06 -0700 (PDT)
Subject: [5-DayForum] not so fast
Message-ID: <659239.61579.qm@web59714.mail.ac4.yahoo.com>

i wasn't whining dear, i was responding to JP saying we sellers should CATER to all our buyers and i was saying that 90 percent of the buyers are nothing more then vultures these days, because they know they can be, that's is all. 

Now really indeed, read what people answer to before you decide to insult! NOT a good mark for a moderator. and i am sure now you are going to block me, because you yourself don't have enough maturity to handle any kind of criticism. 

yours truly whiner, lol
Mary

--- On Wed, 5/20/09, Bill Effros <bill at effros.com> wrote:

From: Bill Effros <bill at effros.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Wednesday, May 20, 2009, 1:05 PM




  
M A



Why do people listen to realtors anymore?? They were demonstrably
completely wrong.



Of course there are plenty of buyers out there!? Millions of homes will
be bought and sold this year, just like every other year.



And they will all be sold for their current market value.



Yours won't be sold until you are prepared to take what it's worth.?
Maybe that will go up if you wait long enough.? Maybe it will go down.



Your property is worth what buyers are willing to pay for it.



GROW UP!



(I guess that's my current catch-phrase, and I plan to keep using it
until I tire of it.? It is so frustrating to see whiners blaming the
market for their problems.)



Bill Effros

Author



M A wrote:

  
    
      
        

recently a realtor told me that there are plenty of buyers out there,
and many are sitting on a lot of money, but because the way the market
is, they feel they have the upper hand and will low ball the seller
anyways, be fickle and demand something for nothing. so JP,? i dont'
much feel like catering to my buyers like you mention we sellers
should. when someone calls me and offers half of what my property is
worth, i usually tell them to take a long hike.

        

        

--- On Wed, 5/20/09, John Paul Perez <jpperez100 at msn.com>
wrote:

        

From: John Paul Perez <jpperez100 at msn.com>

Subject: Re: [5-DayForum] not so fast

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Date: Wednesday, May 20, 2009, 5:48 AM

          

          
          
#yiv1732148923 #yiv1772301503 .hmmessage P
{
margin:0px;padding:0px;}
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J Crafor,

?

Success....been selling this way for about a year?and half now. I have
sellers in some cases netting more than they would have in a
traditional listing. I have buyers walking into their new homes?for
less than they would have with a traditional listing. And the ones that
don't get more than listing price, get just about what they would have
received traditionaly, just much faster. But we are speaking of clients
that truly want to sale, no speculators. 

?

No seller ever has to "take it". All contracts used by Realtors are for
the protection of their clients, not their own..(well at least in
Texas). Success is not just "sellers happy with the results", it's a
win-win for all involved or nothing. I understand that this is a site
dominated by sellers, but if you only look out for yourself and not?the
well being of all involved ,then you are set up for failure from the
beginning! If you don't know the Real buyers, how will you know how to
cater to his/her needs. Yes cater, after all there more of you
(sellers) than there are of them (buyers)...

?

FYI.. I have sold many of my investment properties this way... Buyers
buying homes, sellers netting what they desired, sometimes more, check
in my hand to pay for that vacation to Cabo...That my friend defines
success!!!!!!!!!!!!!

?

?

Best of luck,

Jp

?

          
          

From: jcrafor at hotmail.com

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Date: Tue, 19 May 2009 22:47:44 +0000

Subject: Re: [5-DayForum] not so fast

          

          
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"As I have stated earlier, I have been selling?homes using a method
similar to this for a?while now and have been very successful."?? best
of luck,? Jp

?

Nobody defines successful. What does that mean, Jp? That you sold the
houses? At what percent of FMV??How much over (or under) the 5Day
advertised price? Were the sellers really happy with?your result, or
did they HAVE to take it because of contract with you? SUCCESS
is?sellers happy with the results.

?

Same with the other auctioneers. Define success when you say that. If
you were selling your own home, would you be happy?taking the same
results you accept on behalf of others?

?

When I did my first 5 DAY SALE, I had?investors that IMMEDIATELY bid to
the price they could rent the house at and break even. THAT was 50 to
60K less?neighboring houses were going for. 

?

The "real buyers" those guys looking for a home for themselves, dying
for a home for themselves, couldn't get close. The final 2 didn't go
much higher.

Fortunately, I didn't NEED to sell, though I really wanted to. I moved
into it, instead, and now have my former home up for salw. It will soon
be listed, after a total bomb this past weekend. Read: ABSOLUTELY NO
RESPONSES to the advertising.?

?

I?do not have to sell that house either,
it will make a great rental. But, I really want to sell. But, not at
such a great loss as 60 to 70 % of market value. 

JCrafor

          

          
          

From: jpperez100 at msn.com

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Date: Tue, 19 May 2009 12:03:01 -0500

Subject: Re: [5-DayForum] not so fast

          

          
#yiv1732148923 #yiv1772301503 .ExternalClass .EC_hmmessage P
{padding:0px;}
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{font-size:10pt;font-family:Verdana;}

I have notice a trend on this forum. The biggest compliant I seem to to
hear over and over again, is the "true Market Value" of the property.
Linda what you say is true.?Do you really expect your buyers to pay
more than?they have to??I hate to disappoint you, but they wont.
There?is only one (1) solution to this
problem......EDUCATION!!!!?Sellers and Buyers both, need to be
educated?on what exactly Fair market?value is.

?

As I have stated earlier, I have been selling?homes using a method
similar to this for a?while now and have been very successful.

?

best of luck,

Jp

?

          

          
          

Date: Tue, 19 May 2009 11:49:55 -0500

From: go.jelinco at gmail.com

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Subject: Re: [5-DayForum] not so fast

          

I've been thinking about this quite a bit lately.? I've been comparing
it to what happens on eBay.? I think that you are most likely not going
to get what the top bidder is willing to bid.? It only stands to reason
that if the second place bidder stops bidding, the top bidder will
also...even if they were willing to go ten, twenty, fifty thousand
dollars more. The last two bidders would have to be only $500.00 apart
in their minds to get to what the top bidder was willing to bid.? This
has been my personal experience on eBay.? I have been willing to pay
more? (sometimes quite a bit more)...but didn't have to because the
other bidders dropped out early.

          

?Also the marketing can bring very wide variations in the final
result.? I have seen wildly different ending prices on the exact same
items (and of course houses are more subjective and no two properties
are identical). ? I think much of the difference was in how it was
presented (marketed).? Of course it's also the luck of the draw about
who happens to be looking when you are selling, how savvy they are and
how willing they are to wait for something else to come along.

          

~Linda Gray

          

          

          On Tue, May 19, 2009 at
9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:

          
            
            Once the bidding begins. ?They will bid up to get the
home & it will not matter how low others started bidding. ?You have
to understand that this has worked for others & it could work for
you. ?I agree with Kyle, there could be several factors that caused the
disappointing results. ?You have to be clear on what it takes &
avoid many common mistakes that will decrease chances of getting the
buyers you need. ?If you can convince people that the home will be sold
Sunday night & your marketing is strong then those owner occupant
buyers will do anything possible to get the home.
            

Carlos A. Chica
            Investor, Real Estate Solutions Co.
            646-552-0107
            
            

            
            Coming Soon:
            

            
            www.SKYHIGHPLANNING.com
            

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

            
            ?- ?Walt Disney
            
            
            
            
            

On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:

            

            
            
              
              
                
                  
                    or...
when you offer your house at crazy low price, the real buyers who
actually fell in love with your house, get a quick eduction from low
ballers that come to the auction and refuse to pay fair market value,
because they don't want to look stupid and overbid seeing that the low
ballers are offering little to nothing.

                    

                    

                    

                    

                    

                    

--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:

                    

From: SKY HIGH <skyhighplanning at gmail.com>

Subject: Re: [5-DayForum] not so fast

To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>

Date: Tuesday, May 19, 2009, 1:30 PM

                      

                      
                      The key is to understand that there may
always be Investors bidding hoping to get a deal. ?It's natural because
the "low ballers" are searching for an exceptional deal. ?But you need
to be concerned with the two or three buyers that fall in love with the
property & will pay as close to market value as you can get them to
through the bidding process. ?If you only are getting buyers who aren't
motivated enough to pay market value then it's very possible that the
marketing could use some work.
                      The actual market value is only determined
by the most recent comparable sales. ?That means real buyers have
recently paid those prices forsimilar properties. ?If you only get low
offers that means your either unclear about curret market value or the
buyers were trying to buy under market value.?

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

                      
                      Coming Soon:
                      

                      
                      www.SKYHIGHPLANNING.com
                      

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

                      
                      ?- ?Walt Disney
                      
                      

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:

                      

                      
                      
                        
                        
                          
                            
                              you know "fair market value" and "true market value" are
all a matter of semantics actually. the honest reason WHY people are
attracted to the system is because they are looking for "FAIR" market
value, at least that was my reason for it..? i don't believe there is
such a thing as true market value per se. you get a bunch of low
ballers together, and they will NOT? bid up to fair market value, only
true market value for them, and thats never true because its not true
for all parties concerned, thats why the sellers are disspointed. so
you have to question, wether the auction system attracts low ballers
and not real buyers... its kind of like what you put out in the world,
if you are going to dress up like a 2 penny whore but expect to be paid
a few dollars, you are going to attract a? customer who is going to
expect to pay you 2 pennies not a few dollars. 

                              

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

                              

From: Kyle Cascioli <real.estate.professor at hotmail.com>

Subject: Re: [5-DayForum] not so fast

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Date: Tuesday, May 19, 2009, 12:57 PM

                                

                                Market's are not fair.? I don't
believe?Bill uses the term "fair market?value."

?

If you have a successful?pre-5?Day Sale marketing campaign and a
sufficient base of owner-buyer bidders you will get "true market"
offers.

?

Auctioning is nothing new.? Our entire economy is based on the
principle.? This is why we auction of T-Bills.

?

We would all need to know more about the specifics of your?property,
market, sub-market, etc., to know why you achieved the result that you
did.

?

We want your feedback, understand your disappointment, but question
your belief that the method doesn't work.? It does work.? It just
didn't work for you given your expectation on a given day.? Why do you
think it didn't work for you that day?

?

Best, 

?

Kyle Cascioli

                                www.AuctionBySeller.com
                                

?

                                

?

                                
Date: Tue, 19 May 2009 05:49:15 -0700

From: macycles at yahoo.com

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Subject: [5-DayForum] not so fast

                                

                                
                                  
                                    
                                      that does not
make sense what you said Kyle, of course? it generated an offer. i can
get an offer any day on my property at 30% below market, i don't need
to do an auction for that. the 5 day auction says that at the end you
should at least generate fare market value, that's the whole point of
its proclaimed success, and thats why people are attracted to it, by
the promise of generating a fair market value.? There is nothing
successful about being low balled and now being pressured into selling
it at that price, like this woman below was describing. if that
happened to me after all the effort and work of organizing an auction,
i would as well be pretty disspointed.? but then again, may be for you
Kyle, selling at a low ball price is a success, i just can't see it how
its a success for most people.

                                      

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:

                                      

From: Kyle Cascioli <real.estate.professor at hotmail.com>

Subject: Re: [5-DayForum] Did the Open House this weekend and bidding

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Date: Tuesday, May 19, 2009, 12:29 PM

                                        

                                        If the process?generated
an offer where none was?generated before, then by definition "it
worked."

?

The market spoke to you , but you?didn;t like what it had to say.? You
are not alone.

?

Best luck moving forward.

?

Kyle Cascioli

                                        www.AuctionBySeller.com ?

?

> Date: Sun, 17 May 2009 22:31:43 -0400

> From: patrycja at MIT..EDU

> To: 5-dayforum at mailman.howtosellyourhomein5days.com

> Subject: [5-DayForum] Did the Open House this weekend and bidding

> 

> Hi,

> 

> My husband and I did everything by the book. We live and own a
condo in

> Cambridge, MA which is still a good market.. Got over 25 calls and
over 60

> different people in 2 days. We just finished the bidding at 280K
which is way

> below the market price for a condo in Cambridge of the kind we are
selling -

> the lowest one can expect for this is 320K, the average is like
$350K. Most

> people who came in were looking for a bargain, they were smart but
they just

> could not get over the enormous price difference jump from 174,500
which we

> listed it at. There is something wrong here when the top bidder is
a real

> estate agent who is now pressuring us to sell it to him b/c he
knows it is way

> under market value.

> 

> The method does not work and it needs serious tweaks. It was an
enormously

> draining experience for us.

> 

> Please keep this in mind.

> Patricia and Dmitry

> 

> 

> 

> 

> _______________________________________________

> 5-DayForum mailing list

> 5-DayForum at mailman..howtosellyourhomein5days.com

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

                                        

                                        
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From jill at holeinonehomes.com  Wed May 20 09:55:47 2009
From: jill at holeinonehomes.com (jill at holeinonehomes.com)
Date: Wed, 20 May 2009 13:55:47 +0000
Subject: [5-DayForum] not so fast
In-Reply-To: <659239.61579.qm@web59714.mail.ac4.yahoo.com>
References: <659239.61579.qm@web59714.mail.ac4.yahoo.com>
Message-ID: <132290914-1242827951-cardhu_decombobulator_blackberry.rim.net-1621004812-@bxe1230.bisx.prod.on.blackberry>

Can you please remove me from the forum.  Can't handle the flood of emails.  Thank you.
Sent via BlackBerry by AT&T

-----Original Message-----
From: M A <macycles at yahoo.com>

Date: Wed, 20 May 2009 06:39:06 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: Re: [5-DayForum] not so fast


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




From gnewell at tds.net  Wed May 20 10:04:05 2009
From: gnewell at tds.net (Gina Newell)
Date: Wed, 20 May 2009 09:04:05 -0500
Subject: [5-DayForum] Starting Price
In-Reply-To: <200905201318.n4KDI6uX020208@intel1.peregrinehw.com>
References: <200905201318.n4KDI6uX020208@intel1.peregrinehw.com>
Message-ID: <006d01c9d953$d7ade2e0$8709a8a0$@net>


After reading through all the emails, I still am puzzled why there is a
starting/asking price at all. If it is truly an auction and if you allow
people to bid $1 even though you've advertized a starting price, then why
even put a price on the house at all?
  If you remember, I advertized with no starting price. I still feel that a
starting price skews people's mindset...i.e., foreclosure, short sale,
problems with the house, seller will take lower than assessed/market value,
etc.  If you really want the market price, let the market determine the
starting and ending price.  
  I really did sell my house in 5-days, but perhaps because of the "threat"
of the auction. [A buyer's agent showed the house to the prospective buyer
right before our realty contract expired]. With no starting price, we
received a legitimate offer. I believe had we listed the house at 1/2 the
perceived value, we would not have received as good of an offer.
  --Gina Newell in Madison, WI



From rosemary_505 at hotmail.com  Wed May 20 10:06:39 2009
From: rosemary_505 at hotmail.com (Rosemary LaColla)
Date: Wed, 20 May 2009 10:06:39 -0400
Subject: [5-DayForum] Starting Price
In-Reply-To: <006d01c9d953$d7ade2e0$8709a8a0$@net>
References: <200905201318.n4KDI6uX020208@intel1.peregrinehw.com>
	<006d01c9d953$d7ade2e0$8709a8a0$@net>
Message-ID: <BAY138-W10FF39DF2B550D5CB7EB73AC580@phx.gbl>


This is a very good point.  Would love to hear Bill's opinion on this.
 
> From: gnewell at tds.net
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Wed, 20 May 2009 09:04:05 -0500
> Subject: [5-DayForum] Starting Price
> 
> 
> After reading through all the emails, I still am puzzled why there is a
> starting/asking price at all. If it is truly an auction and if you allow
> people to bid $1 even though you've advertized a starting price, then why
> even put a price on the house at all?
> If you remember, I advertized with no starting price. I still feel that a
> starting price skews people's mindset...i.e., foreclosure, short sale,
> problems with the house, seller will take lower than assessed/market value,
> etc. If you really want the market price, let the market determine the
> starting and ending price. 
> I really did sell my house in 5-days, but perhaps because of the "threat"
> of the auction. [A buyer's agent showed the house to the prospective buyer
> right before our realty contract expired]. With no starting price, we
> received a legitimate offer. I believe had we listed the house at 1/2 the
> perceived value, we would not have received as good of an offer.
> --Gina Newell in Madison, WI
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
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From macycles at yahoo.com  Wed May 20 10:43:47 2009
From: macycles at yahoo.com (M A)
Date: Wed, 20 May 2009 07:43:47 -0700 (PDT)
Subject: [5-DayForum] Starting Price
Message-ID: <751038.12281.qm@web59705.mail.ac4.yahoo.com>

hmmm, finally someone said something that makes a lot of sense to me. i am going to look into this Gina, thanks a lot for sharing.


--- On Wed, 5/20/09, Gina Newell <gnewell at tds.net> wrote:

From: Gina Newell <gnewell at tds.net>
Subject: [5-DayForum] Starting Price
To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Wednesday, May 20, 2009, 2:04 PM


After reading through all the emails, I still am puzzled why there is a
starting/asking price at all. If it is truly an auction and if you allow
people to bid $1 even though you've advertized a starting price, then why
even put a price on the house at all?
? If you remember, I advertized with no starting price. I still feel that a
starting price skews people's mindset...i.e., foreclosure, short sale,
problems with the house, seller will take lower than assessed/market value,
etc.? If you really want the market price, let the market determine the
starting and ending price.? 
? I really did sell my house in 5-days, but perhaps because of the "threat"
of the auction. [A buyer's agent showed the house to the prospective buyer
right before our realty contract expired]. With no starting price, we
received a legitimate offer. I believe had we listed the house at 1/2 the
perceived value, we would not have received as good of an offer.
? --Gina Newell in Madison, WI


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



      
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From joanvickers13 at yahoo.com  Wed May 20 10:52:19 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Wed, 20 May 2009 07:52:19 -0700 (PDT)
Subject: [5-DayForum] Starting Price
In-Reply-To: <006d01c9d953$d7ade2e0$8709a8a0$@net>
References: <200905201318.n4KDI6uX020208@intel1.peregrinehw.com>
	<006d01c9d953$d7ade2e0$8709a8a0$@net>
Message-ID: <341421.53050.qm@web110606.mail.gq1.yahoo.com>

That is a great point Gina. On EBay usual bids start a 99 cents. I will follow you when I sell.




________________________________
From: Gina Newell <gnewell at tds.net>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Wednesday, May 20, 2009 8:04:05 AM
Subject: [5-DayForum] Starting Price


After reading through all the emails, I still am puzzled why there is a
starting/asking price at all. If it is truly an auction and if you allow
people to bid $1 even though you've advertized a starting price, then why
even put a price on the house at all?
? If you remember, I advertized with no starting price. I still feel that a
starting price skews people's mindset...i.e., foreclosure, short sale,
problems with the house, seller will take lower than assessed/market value,
etc.? If you really want the market price, let the market determine the
starting and ending price.? 
? I really did sell my house in 5-days, but perhaps because of the "threat"
of the auction. [A buyer's agent showed the house to the prospective buyer
right before our realty contract expired]. With no starting price, we
received a legitimate offer. I believe had we listed the house at 1/2 the
perceived value, we would not have received as good of an offer.
? --Gina Newell in Madison, WI


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



      
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From sean at folkson.com  Wed May 20 16:41:51 2009
From: sean at folkson.com (Sean Folkson)
Date: Wed, 20 May 2009 22:41:51 +0200
Subject: [5-DayForum]  Starting Price
Message-ID: <200905202043.n4KKh9nG020757@intel1.peregrinehw.com>

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From go.jelinco at gmail.com  Thu May 21 14:30:09 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Thu, 21 May 2009 13:30:09 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <BAY0-DP4-92FE4B0FADD71618E671396580@phx.gbl>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
	<60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
	<BAY0-DP4-92FE4B0FADD71618E671396580@phx.gbl>
Message-ID: <60ff2e4d0905211130w4aa134b2i4fc72eccf7713ee5@mail.gmail.com>

Hey Jp,

I am quite interested to find out what you are doing.

~Linda

On Wed, May 20, 2009 at 1:05 AM, John Paul Perez <jpperez100 at msn.com> wrote:

>  Linda,
>
> your right, there is a solution.. I'll be posting my version of this system
> soon.. Keep a look out...
>
> Thanks,
> Jp
>
> ------------------------------
> Date: Tue, 19 May 2009 14:57:16 -0500
>
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: Re: [5-DayForum] not so fast
>
> No worries JP...I'm not disappointed at all.  Since you agree that what I
> say is true, then there must be some sort of solution to this
> problem....there always is.  I'm just wondering if anyone knows if there is
> a way to actually get the top price that the top bidder is willing to pay
> for the house...not just where the bidding stops.  I think that sellers
> don't want to leave any money on the table when all is said and done.
>
> Also, what education do you propose in educating ourselves and more
> importantly, our buyers (bidders)?
>
> Thanks,
> Linda
>
>
>
> On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com>wrote:
>
> I have notice a trend on this forum. The biggest compliant I seem to to
> hear over and over again, is the "true Market Value" of the property. Linda
> what you say is true. Do you really expect your buyers to pay more than they
> have to? I hate to disappoint you, but they wont. There is only one (1)
> solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to
> be educated on what exactly Fair market value is.
>
> As I have stated earlier, I have been selling homes using a method similar
> to this for a while now and have been very successful.
>
> best of luck,
> Jp
>
> ------------------------------
> Date: Tue, 19 May 2009 11:49:55 -0500
> From: go.jelinco at gmail.com
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
>  Subject: Re: [5-DayForum] not so fast
>
> I've been thinking about this quite a bit lately.  I've been comparing it
> to what happens on eBay.  I think that you are most likely not going to get
> what the top bidder is willing to bid.  It only stands to reason that if the
> second place bidder stops bidding, the top bidder will also...even if they
> were willing to go ten, twenty, fifty thousand dollars more. The last two
> bidders would have to be only $500.00 apart in their minds to get to what
> the top bidder was willing to bid.  This has been my personal experience on
> eBay.  I have been willing to pay more  (sometimes quite a bit more)...but
> didn't have to because the other bidders dropped out early.
>
>  Also the marketing can bring very wide variations in the final result.  I
> have seen wildly different ending prices on the exact same items (and of
> course houses are more subjective and no two properties are identical).   I
> think much of the difference was in how it was presented (marketed).  Of
> course it's also the luck of the draw about who happens to be looking when
> you are selling, how savvy they are and how willing they are to wait for
> something else to come along.
>
> ~Linda Gray
>
> On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com>wrote:
>
>  Once the bidding begins.  They will bid up to get the home & it will not
> matter how low others started bidding.  You have to understand that this has
> worked for others & it could work for you.  I agree with Kyle, there could
> be several factors that caused the disappointing results.  You have to be
> clear on what it takes & avoid many common mistakes that will decrease
> chances of getting the buyers you need.  If you can convince people that the
> home will be sold Sunday night & your marketing is strong then those owner
> occupant buyers will do anything possible to get the home.
>
> Carlos A. Chica Investor, Real Estate Solutions Co.
> 646-552-0107
>
> Coming Soon:
>
> www.SKYHIGHPLANNING.com <http://www.skyhighplanning.com/>
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:
>
>    or... when you offer your house at crazy low price, the real buyers who
> actually fell in love with your house, get a quick eduction from low ballers
> that come to the auction and refuse to pay fair market value, because they
> don't want to look stupid and overbid seeing that the low ballers are
> offering little to nothing.
>
>
>
>
>
>
> --- On *Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com>* wrote:
>
>
> From: SKY HIGH <skyhighplanning at gmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: "How To Sell Your Home in 5-Days" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Tuesday, May 19, 2009, 1:30 PM
>
>  The key is to understand that there may always be Investors bidding
> hoping to get a deal.  It's natural because the "low ballers" are searching
> for an exceptional deal.  But you need to be concerned with the two or three
> buyers that fall in love with the property & will pay as close to market
> value as you can get them to through the bidding process.  If you only are
> getting buyers who aren't motivated enough to pay market value then it's
> very possible that the marketing could use some work.
> The actual market value is only determined by the most recent comparable
> sales.  That means real buyers have recently paid those prices forsimilar
> properties.  If you only get low offers that means your either unclear about
> curret market value or the buyers were trying to buy under market value.
> Carlos A. Chica Sky High Planning, Inc.
> 7380 Sand Lake Rd.  #500
> Orlando, FL  32819
> Office:  (407) 352-3220
> Fax:      (407) 738-4816
> Cell:      (646) 552-0107
>  <http://mc/compose?to=skyhighplanning at gmail.com>skyhighplanning at gmail.com
>
> Coming Soon:
>
>  <http://www.skyhighplanning.com/>www.SKYHIGHPLANNING.com<http://www.skyhighplanning.com/>
>
> "It's kind of Fun to do the Impossible"
>
>  -  Walt Disney
>
> On May 19, 2009, at 9:16 AM, M A <<http://mc/compose?to=macycles at yahoo.com>
> macycles at yahoo.com> wrote:
>
>    you know "fair market value" and "true market value" are all a matter
> of semantics actually. the honest reason WHY people are attracted to the
> system is because they are looking for "FAIR" market value, at least that
> was my reason for it.  i don't believe there is such a thing as true market
> value per se. you get a bunch of low ballers together, and they will NOT
> bid up to fair market value, only true market value for them, and thats
> never true because its not true for all parties concerned, thats why the
> sellers are disspointed. so you have to question, wether the auction system
> attracts low ballers and not real buyers... its kind of like what you put
> out in the world, if you are going to dress up like a 2 penny whore but
> expect to be paid a few dollars, you are going to attract a  customer who is
> going to expect to pay you 2 pennies not a few dollars.
>
> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>* wrote:
>
>
> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] not so fast
> To: <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:57 PM
>
> Market's are not fair.  I don't believe Bill uses the term "fair
> market value."
>
> If you have a successful pre-5 Day Sale marketing campaign and a sufficient
> base of owner-buyer bidders you will get "true market" offers.
>
> Auctioning is nothing new.  Our entire economy is based on the principle.
> This is why we auction of T-Bills.
>
> We would all need to know more about the specifics of your property,
> market, sub-market, etc., to know why you achieved the result that you did.
>
> We want your feedback, understand your disappointment, but question your
> belief that the method doesn't work.  It does work.  It just didn't work for
> you given your expectation on a given day.  Why do you think it didn't work
> for you that day?
>
> Best,
>
> Kyle Cascioli
> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/>
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>
>
>
> ------------------------------
> Date: Tue, 19 May 2009 05:49:15 -0700
> From: <http://mc/compose?to=macycles at yahoo.com><http://mc/compose?to=macycles at yahoo.com>
> macycles at yahoo.com
> To: <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] not so fast
>
>   that does not make sense what you said Kyle, of course  it generated an
> offer. i can get an offer any day on my property at 30% below market, i
> don't need to do an auction for that. the 5 day auction says that at the end
> you should at least generate fare market value, that's the whole point of
> its proclaimed success, and thats why people are attracted to it, by the
> promise of generating a fair market value.  There is nothing successful
> about being low balled and now being pressured into selling it at that
> price, like this woman below was describing. if that happened to me after
> all the effort and work of organizing an auction, i would as well be pretty
> disspointed.  but then again, may be for you Kyle, selling at a low ball
> price is a success, i just can't see it how its a success for most people.
>
> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>* wrote:
>
>
> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
> real.estate.professor at hotmail.com>
> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
> To:
> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days..com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> Date: Tuesday, May 19, 2009, 12:29 PM
>
> If the process generated an offer where none was generated before, then by
> definition "it worked."
>
> The market spoke to you , but you didn;t like what it had to say.  You are
> not alone.
>
> Best luck moving forward.
>
> Kyle Cascioli
> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/>
> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>
> > Date: Sun, 17 May 2009 22:31:43 -0400
> > From: <http://mc/compose?to=patrycja at MIT.EDU><http://mc/compose?to=patrycja at MIT.EDU>
> patrycja at MIT.EDU
> > To:
> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
> 5-dayforum at mailman.howtosellyourhomein5days.com
> > Subject: [5-DayForum] Did the Open House this weekend and bidding
> >
> > Hi,
> >
> > My husband and I did everything by the book. We live and own a condo in
> > Cambridge, MA which is still a good market. Got over 25 calls and over 60
> > different people in 2 days. We just finished the bidding at 280K which is
> way
> > below the market price for a condo in Cambridge of the kind we are
> selling -
> > the lowest one can expect for this is 320K, the average is like $350K.
> Most
> > people who came in were looking for a bargain, they were smart but they
> just
> > could not get over the enormous price difference jump from 174,500 which
> we
> > listed it at. There is something wrong here when the top bidder is a real
> > estate agent who is now pressuring us to sell it to him b/c he knows it
> is way
> > under market value.
> >
> > The method does not work and it needs serious tweaks. It was an
> enormously
> > draining experience for us.
> >
> > Please keep this in mind.
> > Patricia and Dmitry
> >
> >
> >
> >
> > _______________________________________________
> > 5-DayForum mailing list
> > 5-DayForum at mailman..howtosellyourhomein5days.com
> >
> <http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum><http://mailman..howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum>
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
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From joanvickers13 at yahoo.com  Thu May 21 16:17:19 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Thu, 21 May 2009 13:17:19 -0700 (PDT)
Subject: [5-DayForum] not so fast
In-Reply-To: <60ff2e4d0905211130w4aa134b2i4fc72eccf7713ee5@mail.gmail.com>
References: <194738.96617.qm@web59707.mail.ac4.yahoo.com>
	<1A125DCD-72EC-4635-8FC1-2B65597BE24D@gmail.com>
	<60ff2e4d0905190949i6acdaea3l7ab9ff5da617e8f8@mail.gmail.com>
	<BAY0-DP3-28ECCF2BD9C43B90F2677F965B0@phx.gbl>
	<60ff2e4d0905191257v346cd36eu8696f702f6b89f67@mail.gmail.com>
	<BAY0-DP4-92FE4B0FADD71618E671396580@phx.gbl>
	<60ff2e4d0905211130w4aa134b2i4fc72eccf7713ee5@mail.gmail.com>
Message-ID: <790219.45338.qm@web110601.mail.gq1.yahoo.com>

Hi Jp
I would also like to know how you are using this method as an agent.
Thanks, Joan Vickers

________________________________
From: Linda Gray <go.jelinco at gmail.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, May 21, 2009 12:30:09 PM
Subject: Re: [5-DayForum] not so fast

Hey Jp,

I am quite interested to find out what you are doing.

~Linda


On Wed, May 20, 2009 at 1:05 AM, John Paul Perez <jpperez100 at msn.com> wrote:

Linda, 
?
your right, there is a solution..?I'll be posting my version of this system soon.. Keep a look out...
?
Thanks,
Jp
?
________________________________
Date: Tue, 19 May 2009 14:57:16 -0500 

From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

No worries JP...I'm not disappointed at all.? Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is.? I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops.? I think that sellers don't want to leave any money on the table when all is said and done.? 

Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)?

Thanks,
Linda 




On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com> wrote:

I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true.?Do you really expect your buyers to pay more than?they have to??I hate to disappoint you, but they wont. There?is only one (1) solution to this problem......EDUCATION!!!!?Sellers and Buyers both, need to be educated?on what exactly Fair market?value is.
?
As I have stated earlier, I have been selling?homes using a method similar to this for a?while now and have been very successful.
?
best of luck,
Jp
?
________________________________
Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com

Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.? I've been comparing it to what happens on eBay.? I think that you are most likely not going to get what the top bidder is willing to bid.? It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.? This has been my personal experience on eBay.? I have been willing to pay more? (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

?Also the marketing can bring very wide variations in the final result.? I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical). ? I think much of the difference was in how it was presented (marketed).? Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:

Once the bidding begins. ?They will bid up to get the home & it will not matter how low others started bidding. ?You have to understand that this has worked for others & it could work for you. ?I agree with Kyle, there could be several factors that caused the disappointing results. ?You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need. ?If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107


Coming Soon:

www.SKYHIGHPLANNING.com

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

?- ?Walt Disney

On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:


or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM


The key is to understand that there may always be Investors bidding hoping to get a deal. ?It's natural because the "low ballers" are searching for an exceptional deal. ?But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process. ?If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales. ?That means real buyers have recently paid those prices forsimilar properties. ?If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value.?
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd. ?#500
Orlando, FL ?32819
Office: ?(407) 352-3220
Fax: ? ? ?(407) 738-4816
Cell: ? ? ?(646) 552-0107
skyhighplanning at gmail.com

Coming Soon:

www.SKYHIGHPLANNING.com

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

?- ?Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:


you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.? i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT? bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a? customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.? I don't believe?Bill uses the term "fair market?value."
?
If you have a successful?pre-5?Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
?
Auctioning is nothing new.? Our entire economy is based on the principle.? This is why we auction of T-Bills.
?
We would all need to know more about the specifics of your?property, market, sub-market, etc., to know why you achieved the result that you did.
?
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.? It does work.? It just didn't work for you given your expectation on a given day.? Why do you think it didn't work for you that day?
?
Best, 
?
Kyle Cascioli
www.AuctionBySeller.com 
?

?
________________________________
Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast


that does not make sense what you said Kyle, of course? it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.? There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.? but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process?generated an offer where none was?generated before, then by definition "it worked."
?
The market spoke to you , but you?didn;t like what it had to say.? You are not alone.
?
Best luck moving forward.
?
Kyle Cascioli
www.AuctionBySeller.com ?
?
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

________________________________
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From adhud at yahoo.com  Thu May 21 18:39:20 2009
From: adhud at yahoo.com (Adam Hudson)
Date: Thu, 21 May 2009 15:39:20 -0700 (PDT)
Subject: [5-DayForum] not so fast
Message-ID: <859494.96222.qm@web53602.mail.re2.yahoo.com>

You guys crack me up, I've been reading this forum now for longer than I thought I would- as I do find it informative as to what various experiences and thoughts are from around the country.? I couldn't help but want to share a few thoughts this time.
????????? You get the best price from the top bidder by simply asking for it; dealt with the same way from a typical sales method except you have a cap in that case (the one you already set).? This isn?t an auction it is quick cheap (efficient) method of finding a buyer to negotiate with.? At the end of the day it is a sales job (magnified by the state of the market) not e-bay.? 
?
????????? Residential Brokerage is the most undereducated or unknowledgeable?"Profession" in the united states compared to the money attached to what they are dealing with;(and it probably always will be). When the phrase "i don't have my crystal ball" is the number one answer to the very question that the industry is designed to answer ? you may have a problem.? What if a doctor gave you that answer or a lawyer?? This isn't something 1 class or even a few new classes are going to solve.? It?s the nature by which the majority of people approach it.? (just need to start over)? Perhaps coming on par with commercial brokerage (not that they are much better) but understand the necessity of knowing their market and at least most treat it as a true profession vs a throw-all job.?Offer a service from an educated point of view based on personal know-how not what mls tells you or a job that just fills a void....?I own and sell homes across
 the country ? when I ask a question I want an answer = give it to me if you are the expert vs asking me to give it to you.
?
????????? 5day sale does return what the ?market? is willing to give on that particular day; however the big factor is what ?market? showed up ? this is a factor on how you advertised; how you advertise DOES require variations depending on your area(if you want to get the best pool of buyers), type of product- which also determines target market.? I strongly disagree that there is a one advertising fits all strategy to anything-including this!? At least if you truly want to get the ?3 real buyers? It is in this aspect where LOCAL knowledge is key and worth money for a service (if it exists).? If you don?t advertise correctly you can and will find yourself with 100 lookers who aren?t real buyers?especially in a buyer?s market.
?
????????? Fair vs True Market Value?? I?m still laughing about that one.? Maybe the market does dictate a generalized price level from sales of prior existing homes? however don?t forget what builders do?they ?CREATE? value in large part out of pure advertising from what was a wide open field in many cases.? This thought is still alive in resale homes even in a down market.? You can convince people it is worth more?(maybe marginally smaller) but again- this is a sales job!? If you don?t believe that ? don?t be a broker be a facilitator or something for <1% commission.
?
????????? Success? getting what you or your client wants; maybe making everyone happy is an ethical question of social responsibility, but if you compromise what you or your client want just to see to it that the other party is mutually happy every time - as a broker you have misrepresented your client.??? I think by this point we aren?t just experimenting with this process ? we are using it as a viable tool to get the job done.? (I don?t understand how a success can be measured if the process was simply carried out?that?s like giving everyone a ribbon for showing up??good job, you tried hard, you are fired?
?
????????? ?don?t enter a situation you can?t win and try to paint it up afterwards?ugly is ugly no matter how long you sit at the bar; if all you are doing is trying to establish what market value is ? then call yourself an appraiser and do that!

--- On Thu, 5/21/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 21, 2009, 3:17 PM






Hi Jp
I would also like to know how you are using this method as an agent.
Thanks, Joan Vickers



From: Linda Gray <go.jelinco at gmail.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, May 21, 2009 12:30:09 PM
Subject: Re: [5-DayForum] not so fast

Hey Jp,

I am quite interested to find out what you are doing.

~Linda


On Wed, May 20, 2009 at 1:05 AM, John Paul Perez <jpperez100 at msn.com> wrote:


Linda, 
?
your right, there is a solution..?I'll be posting my version of this system soon.. Keep a look out...
?
Thanks,
Jp
?


Date: Tue, 19 May 2009 14:57:16 -0500 



From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

No worries JP...I'm not disappointed at all.? Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is.? I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops.? I think that sellers don't want to leave any money on the table when all is said and done.? 

Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)?

Thanks,
Linda 




On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com> wrote:


I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true.?Do you really expect your buyers to pay more than?they have to??I hate to disappoint you, but they wont. There?is only one (1) solution to this problem......EDUCATION!!!!?Sellers and Buyers both, need to be educated?on what exactly Fair market?value is.
?
As I have stated earlier, I have been selling?homes using a method similar to this for a?while now and have been very successful.
?
best of luck,
Jp
?


Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com



Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.? I've been comparing it to what happens on eBay.? I think that you are most likely not going to get what the top bidder is willing to bid.? It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.? This has been my personal experience on eBay.? I have been willing to pay more? (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

?Also the marketing can bring very wide variations in the final result.? I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical). ? I think much of the difference was in how it was presented (marketed).? Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins. ?They will bid up to get the home & it will not matter how low others started bidding. ?You have to understand that this has worked for others & it could work for you. ?I agree with Kyle, there could be several factors that caused the disappointing results. ?You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need. ?If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


?- ?Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal. ?It's natural because the "low ballers" are searching for an exceptional deal. ?But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process. ?If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales. ?That means real buyers have recently paid those prices forsimilar properties. ?If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value.?
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd. ?#500
Orlando, FL ?32819
Office: ?(407) 352-3220
Fax: ? ? ?(407) 738-4816
Cell: ? ? ?(646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


?- ?Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.? i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT? bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a? customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.? I don't believe?Bill uses the term "fair market?value."
?
If you have a successful?pre-5?Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
?
Auctioning is nothing new.? Our entire economy is based on the principle.? This is why we auction of T-Bills.
?
We would all need to know more about the specifics of your?property, market, sub-market, etc., to know why you achieved the result that you did.
?
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.? It does work.? It just didn't work for you given your expectation on a given day.? Why do you think it didn't work for you that day?
?
Best, 
?
Kyle Cascioli
www.AuctionBySeller.com 
?

?


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course? it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.? There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.? but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process?generated an offer where none was?generated before, then by definition "it worked."
?
The market spoke to you , but you?didn;t like what it had to say.? You are not alone.
?
Best luck moving forward.
?
Kyle Cascioli
www.AuctionBySeller.com ?
?
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
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From roxanneinvestments at gmail.com  Thu May 21 18:52:08 2009
From: roxanneinvestments at gmail.com (Jill Greenberg)
Date: Thu, 21 May 2009 15:52:08 -0700
Subject: [5-DayForum] 5 Day Strategy VS Changing Market
Message-ID: <ba9664520905211552p3f7cc46fjb3ac8ba74093a482@mail.gmail.com>

As I understand the 5-day selling strategy, there is no variation of the
method according to the market cycle.  The strategy is the same whether the
market is hot or, as in most places today, lackluster at best.  This is
surprising to me, since the psychology of buyers is so different in the
different cycles.  Is there any data or much experience to support a
starting price 1/2 of what you think the property is worth IN A DOWN MARKET
as opposed to the same 1/2 starting price at times when almost any property
for sale is going to have two or more offers?

Could it be that the many current failures we see described in this
discussion board are reflecting a strategy that is much more robust in
better times?

My question to the audience:  how would you tweak the system to accommodate
the very poor market conditions we currently face?

Tony

-- 
Tony and Jill Greenberg
Managing Members
Roxanne Investments LLC
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From hhammack at gmail.com  Thu May 21 19:27:25 2009
From: hhammack at gmail.com (Harlan Hammack)
Date: Thu, 21 May 2009 19:27:25 -0400
Subject: [5-DayForum] 5 Day Strategy VS Changing Market
In-Reply-To: <ba9664520905211552p3f7cc46fjb3ac8ba74093a482@mail.gmail.com>
References: <ba9664520905211552p3f7cc46fjb3ac8ba74093a482@mail.gmail.com>
Message-ID: <d48c04190905211627y27085fbepe2f897d50a63203a@mail.gmail.com>

I wouldn't tweak the system so much as adjust my expectations in the current
market. They say that "frustration is the difference between expectation and
reality." I think the majority of FSBO people just have unreasonable
expectations for the sale price of their homes.

In a normal "put-a-sign-up-and-they-will-buy" market, the value of a
property might well be $250k while in this market -- with competition
from all of the foreclosures and vacant new homes -- the value might be
$210k or less. If the highest bid you can generate is $210k, then that is
what the market feels is the value for that property. It shouldn't be taken
as an insult. You asked the market to decide what a fair price was and the
market responded.

Again, "fair market value" is the price someone is willing to pay for that
property, in it's current condition, in that particular neighborhood, in the
current market, on that particular day. 2 months from now or 6 months from
now, that price might be different (higher or lower) but on that date that
is "fair market value." I sounds like a lot of people are having a hard time
accepting that.
Harlan
On Thu, May 21, 2009 at 6:52 PM, Jill Greenberg <
roxanneinvestments at gmail.com> wrote:

> As I understand the 5-day selling strategy, there is no variation of the
> method according to the market cycle.  The strategy is the same whether the
> market is hot or, as in most places today, lackluster at best.  This is
> surprising to me, since the psychology of buyers is so different in the
> different cycles.  Is there any data or much experience to support a
> starting price 1/2 of what you think the property is worth IN A DOWN MARKET
> as opposed to the same 1/2 starting price at times when almost any property
> for sale is going to have two or more offers?
>
> Could it be that the many current failures we see described in this
> discussion board are reflecting a strategy that is much more robust in
> better times?
>
> My question to the audience:  how would you tweak the system to accommodate
> the very poor market conditions we currently face?
>
> Tony
>
> --
> Tony and Jill Greenberg
> Managing Members
> Roxanne Investments LLC
>
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum
>
>
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From roxanneinvestments at gmail.com  Thu May 21 21:04:48 2009
From: roxanneinvestments at gmail.com (Jill Greenberg)
Date: Thu, 21 May 2009 18:04:48 -0700
Subject: [5-DayForum] 5 Day Strategy VS Changing Market
In-Reply-To: <d48c04190905211627y27085fbepe2f897d50a63203a@mail.gmail.com>
References: <ba9664520905211552p3f7cc46fjb3ac8ba74093a482@mail.gmail.com>
	<d48c04190905211627y27085fbepe2f897d50a63203a@mail.gmail.com>
Message-ID: <ba9664520905211804n2fa95bedif76afdb8ae1eae90@mail.gmail.com>

I understand what you are saying.  But my question really relates to whether
the strategy should be modified for the current market.  For instance, IS
THERE DATA OR EXPERIENCE that support the 1/2 starting price rule in bad
markets?  Would a price at 2/3 or 3/4 of the expected price (or even 1/4 to
1/3) be more appropriate in a market where there is so much angst
interfering with one's buying decisions?
Tony

On Thu, May 21, 2009 at 4:27 PM, Harlan Hammack <hhammack at gmail.com> wrote:

> I wouldn't tweak the system so much as adjust my expectations in the
> current market. They say that "frustration is the difference between
> expectation and reality." I think the majority of FSBO people just have
> unreasonable expectations for the sale price of their homes.
>
> In a normal "put-a-sign-up-and-they-will-buy" market, the value of a
> property might well be $250k while in this market -- with competition
> from all of the foreclosures and vacant new homes -- the value might be
> $210k or less. If the highest bid you can generate is $210k, then that is
> what the market feels is the value for that property. It shouldn't be taken
> as an insult. You asked the market to decide what a fair price was and the
> market responded.
>
> Again, "fair market value" is the price someone is willing to pay for that
> property, in it's current condition, in that particular neighborhood, in the
> current market, on that particular day. 2 months from now or 6 months from
> now, that price might be different (higher or lower) but on that date that
> is "fair market value." I sounds like a lot of people are having a hard time
> accepting that.
> Harlan
>   On Thu, May 21, 2009 at 6:52 PM, Jill Greenberg <
> roxanneinvestments at gmail.com> wrote:
>
>>   As I understand the 5-day selling strategy, there is no variation of
>> the method according to the market cycle.  The strategy is the same whether
>> the market is hot or, as in most places today, lackluster at best.  This is
>> surprising to me, since the psychology of buyers is so different in the
>> different cycles.  Is there any data or much experience to support a
>> starting price 1/2 of what you think the property is worth IN A DOWN MARKET
>> as opposed to the same 1/2 starting price at times when almost any property
>> for sale is going to have two or more offers?
>>
>> Could it be that the many current failures we see described in this
>> discussion board are reflecting a strategy that is much more robust in
>> better times?
>>
>> My question to the audience:  how would you tweak the system to
>> accommodate the very poor market conditions we currently face?
>>
>> Tony
>>
>> --
>> Tony and Jill Greenberg
>> Managing Members
>> Roxanne Investments LLC
>>
>> _______________________________________________
>> 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
>
>


-- 
Tony and Jill Greenberg
Managing Members
Roxanne Investments LLC
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From c519512c at hotmail.com  Fri May 22 09:31:48 2009
From: c519512c at hotmail.com (kenneth dilkes)
Date: Fri, 22 May 2009 09:31:48 -0400
Subject: [5-DayForum] Fair Market Value
In-Reply-To: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>
References: <BLU122-W290644A9ED92F50E455DE5B45B0@phx.gbl>
Message-ID: <SNT101-W4651AE9AFE23EE8DC931E5C4560@phx.gbl>


kyle

 

just read your 5/19 posting re market value...i appraised for 15 +/- yrs. ...

an informed buyer vs. an informed seller...plain and simple...nicely stated...

tried to reach you via real.estate. professor, etc so as not to clog this forum, but ...

 

regards 

 

ken
 


From: real.estate.professor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 19 May 2009 14:39:56 -0500
Subject: [5-DayForum] Fair Market Value



Hi Everyone:
 
There seems to be a lot of debate over the term "Fair Market Value."
 
For what it is worth there is no such term defined by the Appraisal Institute - the recognized authority on real estate valuation post "Financial Institutions Reform Recovery and Enforcement Act (FIRREA)."
 
The act was passed by congress after the Savings & Loan debacle of the late 1980's, and required that all real estate appraisers be licensed and adhere to the "Uniform Standards of Professional Appraisal Practice (USPAP).
 
http://en.wikipedia.org/wiki/Financial_Institutions_Reform,_Recovery_and_Enforcement_Act_of_1989
 
"Fair Value" is an accounting term that historically refers to the depreciated reporting value of assets for tax purposes. 
 
In it's thirteenth edition (most current) of "The Appraisal of Real Estate," the Institute has no definition for "Fair Market Value."  It does have a definition for "Market Value."
 
Market Value:  The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgably, and for own self-interest, and assuming that neither is under undue duress."
 
So it would all seem to come down to what is "reasonable exposure" in the market, what is a "Fair Sale," and what is "undue duress."  
 
Each seller and buyer can decide this for themselves and make a deal or not.
 
There is no such thing as "Fair Market Value."
 
Best to all,
 
Kyle Cascioli
www.BarrettAssociatesCorp.com 



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From Aaron at eurofixonline.com  Fri May 22 12:57:36 2009
From: Aaron at eurofixonline.com (Aaron Stokes)
Date: Fri, 22 May 2009 11:57:36 -0500
Subject: [5-DayForum] not so fast
References: <859494.96222.qm@web53602.mail.re2.yahoo.com>
Message-ID: <5BF03645987D48059ADC06587BD57051@aaroncomputer>

Very smart email. I have been reading and thinking the same things for some time as well. Thank you for your thoughts.




Aaron



----- Original Message ----- 
  From: Adam Hudson 
  To: How To Sell Your Home in 5-Days 
  Sent: Thursday, May 21, 2009 5:39 PM
  Subject: Re: [5-DayForum] not so fast


        You guys crack me up, I've been reading this forum now for longer than I thought I would- as I do find it informative as to what various experiences and thoughts are from around the country.  I couldn't help but want to share a few thoughts this time.
        ?         You get the best price from the top bidder by simply asking for it; dealt with the same way from a typical sales method except you have a cap in that case (the one you already set).  This isn?t an auction it is quick cheap (efficient) method of finding a buyer to negotiate with.  At the end of the day it is a sales job (magnified by the state of the market) not e-bay.  

         

        ?         Residential Brokerage is the most undereducated or unknowledgeable "Profession" in the united states compared to the money attached to what they are dealing with;(and it probably always will be). When the phrase "i don't have my crystal ball" is the number one answer to the very question that the industry is designed to answer ? you may have a problem.  What if a doctor gave you that answer or a lawyer?  This isn't something 1 class or even a few new classes are going to solve.  It?s the nature by which the majority of people approach it.  (just need to start over)  Perhaps coming on par with commercial brokerage (not that they are much better) but understand the necessity of knowing their market and at least most treat it as a true profession vs a throw-all job. Offer a service from an educated point of view based on personal know-how not what mls tells you or a job that just fills a void.... I own and sell homes across the country ? when I ask a question I want an answer = give it to me if you are the expert vs asking me to give it to you.

         

        ?         5day sale does return what the ?market? is willing to give on that particular day; however the big factor is what ?market? showed up ? this is a factor on how you advertised; how you advertise DOES require variations depending on your area(if you want to get the best pool of buyers), type of product- which also determines target market.  I strongly disagree that there is a one advertising fits all strategy to anything-including this!  At least if you truly want to get the ?3 real buyers? It is in this aspect where LOCAL knowledge is key and worth money for a service (if it exists).  If you don?t advertise correctly you can and will find yourself with 100 lookers who aren?t real buyers?especially in a buyer?s market.

         

        ?         Fair vs True Market Value?? I?m still laughing about that one.  Maybe the market does dictate a generalized price level from sales of prior existing homes? however don?t forget what builders do?they ?CREATE? value in large part out of pure advertising from what was a wide open field in many cases.  This thought is still alive in resale homes even in a down market.  You can convince people it is worth more?(maybe marginally smaller) but again- this is a sales job!  If you don?t believe that ? don?t be a broker be a facilitator or something for <1% commission.

         

        ?         Success? getting what you or your client wants; maybe making everyone happy is an ethical question of social responsibility, but if you compromise what you or your client want just to see to it that the other party is mutually happy every time - as a broker you have misrepresented your client.    I think by this point we aren?t just experimenting with this process ? we are using it as a viable tool to get the job done.  (I don?t understand how a success can be measured if the process was simply carried out?that?s like giving everyone a ribbon for showing up??good job, you tried hard, you are fired?

         

        ?         ?don?t enter a situation you can?t win and try to paint it up afterwards?ugly is ugly no matter how long you sit at the bar; if all you are doing is trying to establish what market value is ? then call yourself an appraiser and do that!



        --- On Thu, 5/21/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


          From: Joan Vickers <joanvickers13 at yahoo.com>
          Subject: Re: [5-DayForum] not so fast
          To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
          Date: Thursday, May 21, 2009, 3:17 PM


          Hi Jp
          I would also like to know how you are using this method as an agent.
          Thanks, Joan Vickers

----------------------------------------------------------------------
          From: Linda Gray <go.jelinco at gmail.com>
          To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
          Sent: Thursday, May 21, 2009 12:30:09 PM
          Subject: Re: [5-DayForum] not so fast

          Hey Jp,

          I am quite interested to find out what you are doing.

          ~Linda


          On Wed, May 20, 2009 at 1:05 AM, John Paul Perez <jpperez100 at msn.com> wrote:

            Linda, 
             
            your right, there is a solution.. I'll be posting my version of this system soon.. Keep a look out...
             
            Thanks,
            Jp
             

--------------------------------------------------------------------
            Date: Tue, 19 May 2009 14:57:16 -0500 

            From: go.jelinco at gmail.com
            To: 5-dayforum at mailman.howtosellyourhomein5days.com
            Subject: Re: [5-DayForum] not so fast

            No worries JP...I'm not disappointed at all.  Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is.  I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops.  I think that sellers don't want to leave any money on the table when all is said and done.  

            Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)?

            Thanks,
            Linda 




            On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com> wrote:

              I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.
               
              As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.
               
              best of luck,
              Jp
               

------------------------------------------------------------------
              Date: Tue, 19 May 2009 11:49:55 -0500
              From: go.jelinco at gmail.com 

              To: 5-dayforum at mailman.howtosellyourhomein5days.com

              Subject: Re: [5-DayForum] not so fast

              I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

               Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

              ~Linda Gray


              On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:

                Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

                Carlos A. Chica 
                Investor, Real Estate Solutions Co.
                646-552-0107


                Coming Soon:


                www.SKYHIGHPLANNING.com


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


                 -  Walt Disney

                On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:


                        or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






                        --- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


                          From: SKY HIGH <skyhighplanning at gmail.com>
                          Subject: Re: [5-DayForum] not so fast
                          To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
                          Date: Tuesday, May 19, 2009, 1:30 PM


                          The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
                          The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
                          Carlos A. Chica 
                          Sky High Planning, Inc.
                          7380 Sand Lake Rd.  #500
                          Orlando, FL  32819
                          Office:  (407) 352-3220
                          Fax:      (407) 738-4816
                          Cell:      (646) 552-0107
                          skyhighplanning at gmail.com


                          Coming Soon:


                          www.SKYHIGHPLANNING.com


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


                           -  Walt Disney

                          On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:


                                you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

                                --- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


                                From: Kyle Cascioli <real.estate.professor at hotmail.com>
                                Subject: Re: [5-DayForum] not so fast
                                To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                Date: Tuesday, May 19, 2009, 12:57 PM


                                Market's are not fair.  I don't believe Bill uses the term "fair market value."
                                 
                                If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
                                 
                                Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
                                 
                                We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
                                 
                                We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
                                 
                                Best, 
                                 
                                Kyle Cascioli
                                www.AuctionBySeller.com 
                                 

                                 

------------------------------------------------
                                Date: Tue, 19 May 2009 05:49:15 -0700
                                From: macycles at yahoo.com
                                To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                Subject: [5-DayForum] not so fast

                                that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

                                --- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


                                From: Kyle Cascioli <real.estate.professor at hotmail.com>
                                Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
                                To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                Date: Tuesday, May 19, 2009, 12:29 PM


                                If the process generated an offer where none was generated before, then by definition "it worked."
                                 
                                The market spoke to you , but you didn;t like what it had to say.  You are not alone.
                                 
                                Best luck moving forward.
                                 
                                Kyle Cascioli
                                www.AuctionBySeller.com  
                                 
                                > Date: Sun, 17 May 2009 22:31:43 -0400
                                > From: patrycja at MIT.EDU
                                > To: 5-dayforum at mailman.howtosellyourhomein5days.com
                                > Subject: [5-DayForum] Did the Open House this weekend and bidding
                                > 
                                > Hi,
                                > 
                                > My husband and I did everything by the book. We live and own a condo in
                                > Cambridge, MA which is still a good market. Got over 25 calls and over 60
                                > different people in 2 days. We just finished the bidding at 280K which is way
                                > below the market price for a condo in Cambridge of the kind we are selling -
                                > the lowest one can expect for this is 320K, the average is like $350K. Most
                                > people who came in were looking for a bargain, they were smart but they just
                                > could not get over the enormous price difference jump from 174,500 which we
                                > listed it at. There is something wrong here when the top bidder is a real
                                > estate agent who is now pressuring us to sell it to him b/c he knows it is way
                                > under market value.
                                > 
                                > The method does not work and it needs serious tweaks. It was an enormously
                                > draining experience for us.
                                > 
                                > Please keep this in mind.
                                > Patricia and Dmitry
                                > 
                                > 
                                > 
                                > 
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From go.jelinco at gmail.com  Fri May 22 13:04:14 2009
From: go.jelinco at gmail.com (Linda Gray)
Date: Fri, 22 May 2009 12:04:14 -0500
Subject: [5-DayForum] not so fast
In-Reply-To: <859494.96222.qm@web53602.mail.re2.yahoo.com>
References: <859494.96222.qm@web53602.mail.re2.yahoo.com>
Message-ID: <60ff2e4d0905221004x122b2e33ub628585698d9fcb0@mail.gmail.com>

Adam,

Are you suggesting that when the bidding stops, you begin to negotiate with
your top bidder to pay more?  And if so, how would you go about doing this?

~Linda

On Thu, May 21, 2009 at 5:39 PM, Adam Hudson <adhud at yahoo.com> wrote:

> You guys crack me up, I've been reading this forum now for longer than I
> thought I would- as I do find it informative as to what various experiences
> and thoughts are from around the country.  I couldn't help but want to share
> a few thoughts this time.
>
> ?         You get the best price from the top bidder by simply asking for
> it; dealt with the same way from a typical sales method except you have a
> cap in that case (the one you already set).  This isn?t an auction it is
> quick cheap (efficient) method of finding a buyer to negotiate with.  At
> the end of the day it is a sales job (magnified by the state of the market)
> not e-bay.
>
>
>
> ?         Residential Brokerage is the most undereducated or
> unknowledgeable "Profession" in the united states compared to the money
> attached to what they are dealing with;(and it probably always will be).
> When the phrase "i don't have my crystal ball" is the number one answer to
> the very question that the industry is designed to answer ? you may have a
> problem.  What if a doctor gave you that answer or a lawyer?  This isn't
> something 1 class or even a few new classes are going to solve.  It?s the
> nature by which the majority of people approach it.  (just need to start
> over)  Perhaps coming on par with commercial brokerage (not that they are
> much better) but understand the necessity of knowing their market and at
> least most treat it as a true profession vs a throw-all job. Offer a service
> from an educated point of view based on personal know-how not what mls tells
> you or a job that just fills a void.... I own and sell homes across the
> country ? when I ask a question I want an answer = give it to me if you are
> the expert vs asking me to give it to you.
>
>
>
> ?         5day sale does return what the ?market? is willing to give on
> that particular day; however the big factor is what ?market? showed up ?
> this is a factor on how you advertised; how you advertise DOES require
> variations depending on your area(if you want to get the best pool of
> buyers), type of product- which also determines target market.  I strongly
> disagree that there is a one advertising fits all strategy to
> anything-including this!  At least if you truly want to get the ?3 real
> buyers? It is in this aspect where LOCAL knowledge is key and worth money
> for a service (if it exists).  If you don?t advertise correctly you can
> and will find yourself with 100 lookers who aren?t real buyers?especially in
> a buyer?s market.
>
>
>
> ?         Fair vs True Market Value?? I?m still laughing about that one.  Maybe
> the market does dictate a generalized price level from sales of prior
> existing homes? however don?t forget what builders do?they ?CREATE? value in
> large part out of pure advertising from what was a wide open field in many
> cases.  This thought is still alive in resale homes even in a down market.
> You can convince people it is worth more?(maybe marginally smaller) but
> again- this is a sales job!  If you don?t believe that ? don?t be a broker
> be a facilitator or something for <1% commission.
>
>
>
> ?         Success? getting what you or your client wants; maybe making
> everyone happy is an ethical question of social responsibility, but if you
> compromise what you or your client want just to see to it that the other
> party is mutually happy every time - as a broker you have misrepresented
> your client.    I think by this point we aren?t just experimenting with
> this process ? we are using it as a viable tool to get the job done.  (I
> don?t understand how a success can be measured if the process was simply
> carried out?that?s like giving everyone a ribbon for showing up??good job,
> you tried hard, you are fired?
>
>
>
> ?         ?don?t enter a situation you can?t win and try to paint it up
> afterwards?ugly is ugly no matter how long you sit at the bar; if all you
> are doing is trying to establish what market value is ? then call yourself
> an appraiser and do that!
>
> --- On *Thu, 5/21/09, Joan Vickers <joanvickers13 at yahoo.com>* wrote:
>
>
> From: Joan Vickers <joanvickers13 at yahoo.com>
> Subject: Re: [5-DayForum] not so fast
> To: "How To Sell Your Home in 5-Days" <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> Date: Thursday, May 21, 2009, 3:17 PM
>
>
>  Hi Jp
> I would also like to know how you are using this method as an agent.
> Thanks, Joan Vickers
>  ------------------------------
> *From:* Linda Gray <go.jelinco at gmail.com>
> *To:* How To Sell Your Home in 5-Days <
> 5-dayforum at mailman.howtosellyourhomein5days.com>
> *Sent:* Thursday, May 21, 2009 12:30:09 PM
> *Subject:* Re: [5-DayForum] not so fast
>
> Hey Jp,
>
> I am quite interested to find out what you are doing.
>
> ~Linda
>
> On Wed, May 20, 2009 at 1:05 AM, John Paul Perez <jpperez100 at msn.com<http://us.mc536.mail.yahoo.com/mc/compose?to=jpperez100 at msn.com>
> > wrote:
>
>> Linda,
>>
>> your right, there is a solution.. I'll be posting my version of this
>> system soon.. Keep a look out...
>>
>> Thanks,
>> Jp
>>
>> ------------------------------
>> Date: Tue, 19 May 2009 14:57:16 -0500
>>
>> From: go.jelinco at gmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=go.jelinco at gmail.com>
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> Subject: Re: [5-DayForum] not so fast
>>
>> No worries JP...I'm not disappointed at all.  Since you agree that what I
>> say is true, then there must be some sort of solution to this
>> problem....there always is.  I'm just wondering if anyone knows if there is
>> a way to actually get the top price that the top bidder is willing to pay
>> for the house...not just where the bidding stops.  I think that sellers
>> don't want to leave any money on the table when all is said and done.
>>
>> Also, what education do you propose in educating ourselves and more
>> importantly, our buyers (bidders)?
>>
>> Thanks,
>> Linda
>>
>>
>>
>> On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com<http://us.mc536.mail.yahoo.com/mc/compose?to=jpperez100 at msn.com>
>> > wrote:
>>
>> I have notice a trend on this forum. The biggest compliant I seem to to
>> hear over and over again, is the "true Market Value" of the property. Linda
>> what you say is true. Do you really expect your buyers to pay more than they
>> have to? I hate to disappoint you, but they wont. There is only one (1)
>> solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to
>> be educated on what exactly Fair market value is.
>>
>> As I have stated earlier, I have been selling homes using a method similar
>> to this for a while now and have been very successful.
>>
>> best of luck,
>> Jp
>>
>> ------------------------------
>> Date: Tue, 19 May 2009 11:49:55 -0500
>> From: go.jelinco at gmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=go.jelinco at gmail.com>
>> To: 5-dayforum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>>  Subject: Re: [5-DayForum] not so fast
>>
>> I've been thinking about this quite a bit lately.  I've been comparing it
>> to what happens on eBay.  I think that you are most likely not going to get
>> what the top bidder is willing to bid.  It only stands to reason that if the
>> second place bidder stops bidding, the top bidder will also...even if they
>> were willing to go ten, twenty, fifty thousand dollars more. The last two
>> bidders would have to be only $500.00 apart in their minds to get to what
>> the top bidder was willing to bid.  This has been my personal experience on
>> eBay.  I have been willing to pay more  (sometimes quite a bit more)...but
>> didn't have to because the other bidders dropped out early.
>>
>>  Also the marketing can bring very wide variations in the final result.  I
>> have seen wildly different ending prices on the exact same items (and of
>> course houses are more subjective and no two properties are identical).   I
>> think much of the difference was in how it was presented (marketed).  Of
>> course it's also the luck of the draw about who happens to be looking when
>> you are selling, how savvy they are and how willing they are to wait for
>> something else to come along.
>>
>> ~Linda Gray
>>
>> On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=skyhighplanning at gmail.com>
>> > wrote:
>>
>>  Once the bidding begins.  They will bid up to get the home & it will not
>> matter how low others started bidding.  You have to understand that this has
>> worked for others & it could work for you.  I agree with Kyle, there could
>> be several factors that caused the disappointing results.  You have to be
>> clear on what it takes & avoid many common mistakes that will decrease
>> chances of getting the buyers you need.  If you can convince people that the
>> home will be sold Sunday night & your marketing is strong then those owner
>> occupant buyers will do anything possible to get the home.
>>
>> Carlos A. Chica Investor, Real Estate Solutions Co.
>> 646-552-0107
>>
>> Coming Soon:
>>
>> www.SKYHIGHPLANNING.com <http://www.skyhighplanning.com/>
>>
>> "It's kind of Fun to do the Impossible"
>>
>>  -  Walt Disney
>>
>> On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com<http://us.mc536.mail.yahoo.com/mc/compose?to=macycles at yahoo.com>>
>> wrote:
>>
>>    or... when you offer your house at crazy low price, the real buyers
>> who actually fell in love with your house, get a quick eduction from low
>> ballers that come to the auction and refuse to pay fair market value,
>> because they don't want to look stupid and overbid seeing that the low
>> ballers are offering little to nothing.
>>
>>
>>
>>
>>
>>
>> --- On *Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=skyhighplanning at gmail.com>
>> >* wrote:
>>
>>
>> From: SKY HIGH <skyhighplanning at gmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=skyhighplanning at gmail.com>
>> >
>> Subject: Re: [5-DayForum] not so fast
>> To: "How To Sell Your Home in 5-Days" <
>> 5-dayforum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> >
>> Date: Tuesday, May 19, 2009, 1:30 PM
>>
>>  The key is to understand that there may always be Investors bidding
>> hoping to get a deal.  It's natural because the "low ballers" are searching
>> for an exceptional deal.  But you need to be concerned with the two or three
>> buyers that fall in love with the property & will pay as close to market
>> value as you can get them to through the bidding process.  If you only are
>> getting buyers who aren't motivated enough to pay market value then it's
>> very possible that the marketing could use some work.
>> The actual market value is only determined by the most recent comparable
>> sales.  That means real buyers have recently paid those prices forsimilar
>> properties.  If you only get low offers that means your either unclear about
>> curret market value or the buyers were trying to buy under market value.
>> Carlos A. Chica Sky High Planning, Inc.
>> 7380 Sand Lake Rd.  #500
>> Orlando, FL  32819
>> Office:  (407) 352-3220
>> Fax:      (407) 738-4816
>> Cell:      (646) 552-0107
>>  <http://mc/compose?to=skyhighplanning at gmail.com>
>> skyhighplanning at gmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=skyhighplanning at gmail.com>
>>
>> Coming Soon:
>>
>>  <http://www.skyhighplanning.com/>www.SKYHIGHPLANNING.com<http://www.skyhighplanning.com/>
>>
>> "It's kind of Fun to do the Impossible"
>>
>>  -  Walt Disney
>>
>> On May 19, 2009, at 9:16 AM, M A <<http://mc/compose?to=macycles at yahoo.com>
>> macycles at yahoo.com<http://us.mc536.mail.yahoo.com/mc/compose?to=macycles at yahoo.com>>
>> wrote:
>>
>>    you know "fair market value" and "true market value" are all a matter
>> of semantics actually. the honest reason WHY people are attracted to the
>> system is because they are looking for "FAIR" market value, at least that
>> was my reason for it.  i don't believe there is such a thing as true market
>> value per se. you get a bunch of low ballers together, and they will NOT
>> bid up to fair market value, only true market value for them, and thats
>> never true because its not true for all parties concerned, thats why the
>> sellers are disspointed. so you have to question, wether the auction system
>> attracts low ballers and not real buyers... its kind of like what you put
>> out in the world, if you are going to dress up like a 2 penny whore but
>> expect to be paid a few dollars, you are going to attract a  customer who is
>> going to expect to pay you 2 pennies not a few dollars.
>>
>> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=real.estate.professor at hotmail.com>
>> >* wrote:
>>
>>
>> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=real.estate.professor at hotmail.com>
>> >
>> Subject: Re: [5-DayForum] not so fast
>> To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Tuesday, May 19, 2009, 12:57 PM
>>
>> Market's are not fair.  I don't believe Bill uses the term "fair
>> market value."
>>
>> If you have a successful pre-5 Day Sale marketing campaign and a
>> sufficient base of owner-buyer bidders you will get "true market" offers.
>>
>> Auctioning is nothing new.  Our entire economy is based on the principle.
>> This is why we auction of T-Bills.
>>
>> We would all need to know more about the specifics of your property,
>> market, sub-market, etc., to know why you achieved the result that you did.
>>
>> We want your feedback, understand your disappointment, but question your
>> belief that the method doesn't work.  It does work.  It just didn't work for
>> you given your expectation on a given day.  Why do you think it didn't work
>> for you that day?
>>
>> Best,
>>
>> Kyle Cascioli
>> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/>
>> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>>
>>
>>
>> ------------------------------
>> Date: Tue, 19 May 2009 05:49:15 -0700
>> From: <http://mc/compose?to=macycles at yahoo.com><http://mc/compose?to=macycles at yahoo.com>
>> macycles at yahoo.com<http://us.mc536.mail.yahoo.com/mc/compose?to=macycles at yahoo.com>
>> To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> Subject: [5-DayForum] not so fast
>>
>>   that does not make sense what you said Kyle, of course  it generated an
>> offer. i can get an offer any day on my property at 30% below market, i
>> don't need to do an auction for that. the 5 day auction says that at the end
>> you should at least generate fare market value, that's the whole point of
>> its proclaimed success, and thats why people are attracted to it, by the
>> promise of generating a fair market value.  There is nothing successful
>> about being low balled and now being pressured into selling it at that
>> price, like this woman below was describing. if that happened to me after
>> all the effort and work of organizing an auction, i would as well be pretty
>> disspointed.  but then again, may be for you Kyle, selling at a low ball
>> price is a success, i just can't see it how its a success for most people.
>>
>> --- On *Tue, 5/19/09, Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=real.estate.professor at hotmail.com>
>> >* wrote:
>>
>>
>> From: Kyle Cascioli <<http://mc/compose?to=real.estate.professor at hotmail.com>
>> real.estate.professor at hotmail.com<http://us.mc536.mail.yahoo.com/mc/compose?to=real.estate.professor at hotmail.com>
>> >
>> Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
>> To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days..com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> Date: Tuesday, May 19, 2009, 12:29 PM
>>
>> If the process generated an offer where none was generated before, then by
>> definition "it worked."
>>
>> The market spoke to you , but you didn;t like what it had to say.  You are
>> not alone.
>>
>> Best luck moving forward.
>>
>> Kyle Cascioli
>> <http://www.auctionbyseller.com/> <http://www.auctionbyseller.com/>
>> www.AuctionBySeller.com <http://www.auctionbyseller.com/>
>>
>> > Date: Sun, 17 May 2009 22:31:43 -0400
>> > From: <http://mc/compose?to=patrycja at MIT.EDU><http://mc/compose?to=patrycja at MIT.EDU>
>> patrycja at MIT.EDU<http://us.mc536.mail.yahoo.com/mc/compose?to=patrycja at MIT.EDU>
>> > To:
>> <http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com><http://mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> 5-dayforum at mailman.howtosellyourhomein5days.com<http://us.mc536.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com>
>> > Subject: [5-DayForum] Did the Open House this weekend and bidding
>> >
>> > Hi,
>> >
>> > My husband and I did everything by the book. We live and own a condo in
>> > Cambridge, MA which is still a good market. Got over 25 calls and over
>> 60
>> > different people in 2 days. We just finished the bidding at 280K which
>> is way
>> > below the market price for a condo in Cambridge of the kind we are
>> selling -
>> > the lowest one can expect for this is 320K, the average is like $350K.
>> Most
>> > people who came in were looking for a bargain, they were smart but they
>> just
>> > could not get over the enormous price difference jump from 174,500 which
>> we
>> > listed it at. There is something wrong here when the top bidder is a
>> real
>> > estate agent who is now pressuring us to sell it to him b/c he knows it
>> is way
>> > under market value.
>> >
>> > The method does not work and it needs serious tweaks. It was an
>> enormously
>> > draining experience for us.
>> >
>> > Please keep this in mind.
>> > Patricia and Dmitry
>> >
>> >
>> >
>> >
>> > _______________________________________________
>> > 5-DayForum mailing list
>> > 5-DayForum at mailman..howtosellyourhomein5days.com
>> >
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From tomhoffman at live.com  Fri May 22 22:42:15 2009
From: tomhoffman at live.com (Tom Hoffman)
Date: Fri, 22 May 2009 20:42:15 -0600
Subject: [5-DayForum] not so fast
In-Reply-To: <60ff2e4d0905221004x122b2e33ub628585698d9fcb0@mail.gmail.com>
References: <859494.96222.qm@web53602.mail.re2.yahoo.com>
	<60ff2e4d0905221004x122b2e33ub628585698d9fcb0@mail.gmail.com>
Message-ID: <BLU135-W297EA9DB9D9F9261900986B0570@phx.gbl>


There isn't any reason the high bidder can't be asked for more and there are situations when it is a necessity. One of my recent 5 day sales the owners were in foreclosure and needed more money to save the foreclosure and get enough money to move.  The Buyers were happy to up the bid as they knew they were getting a bargain and the sellers were grateful for the system to sell their home quickly and be able to move on with their lives.

 

 

Proud to Be a Realtor

Tom Hoffman Broker/Owner

Top Priority Realty,LLC


 


Date: Fri, 22 May 2009 12:04:14 -0500
From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

Adam,

Are you suggesting that when the bidding stops, you begin to negotiate with your top bidder to pay more?  And if so, how would you go about doing this?

~Linda


On Thu, May 21, 2009 at 5:39 PM, Adam Hudson <adhud at yahoo.com> wrote:






You guys crack me up, I've been reading this forum now for longer than I thought I would- as I do find it informative as to what various experiences and thoughts are from around the country.  I couldn't help but want to share a few thoughts this time.
?         You get the best price from the top bidder by simply asking for it; dealt with the same way from a typical sales method except you have a cap in that case (the one you already set).  This isn?t an auction it is quick cheap (efficient) method of finding a buyer to negotiate with.  At the end of the day it is a sales job (magnified by the state of the market) not e-bay.  
  
?         Residential Brokerage is the most undereducated or unknowledgeable "Profession" in the united states compared to the money attached to what they are dealing with;(and it probably always will be). When the phrase "i don't have my crystal ball" is the number one answer to the very question that the industry is designed to answer ? you may have a problem.  What if a doctor gave you that answer or a lawyer?  This isn't something 1 class or even a few new classes are going to solve.  It?s the nature by which the majority of people approach it.  (just need to start over)  Perhaps coming on par with commercial brokerage (not that they are much better) but understand the necessity of knowing their market and at least most treat it as a true profession vs a throw-all job. Offer a service from an educated point of view based on personal know-how not what mls tells you or a job that just fills a void.... I own and sell homes across the country ? when I ask a question I want an answer = give it to me if you are the expert vs asking me to give it to you. 
  

?         5day sale does return what the ?market? is willing to give on that particular day; however the big factor is what ?market? showed up ? this is a factor on how you advertised; how you advertise DOES require variations depending on your area(if you want to get the best pool of buyers), type of product- which also determines target market.  I strongly disagree that there is a one advertising fits all strategy to anything-including this!  At least if you truly want to get the ?3 real buyers? It is in this aspect where LOCAL knowledge is key and worth money for a service (if it exists).  If you don?t advertise correctly you can and will find yourself with 100 lookers who aren?t real buyers?especially in a buyer?s market. 
  

?         Fair vs True Market Value?? I?m still laughing about that one.  Maybe the market does dictate a generalized price level from sales of prior existing homes? however don?t forget what builders do?they ?CREATE? value in large part out of pure advertising from what was a wide open field in many cases.  This thought is still alive in resale homes even in a down market.  You can convince people it is worth more?(maybe marginally smaller) but again- this is a sales job!  If you don?t believe that ? don?t be a broker be a facilitator or something for <1% commission. 
  

?         Success? getting what you or your client wants; maybe making everyone happy is an ethical question of social responsibility, but if you compromise what you or your client want just to see to it that the other party is mutually happy every time - as a broker you have misrepresented your client.    I think by this point we aren?t just experimenting with this process ? we are using it as a viable tool to get the job done.  (I don?t understand how a success can be measured if the process was simply carried out?that?s like giving everyone a ribbon for showing up??good job, you tried hard, you are fired? 
  

?         ?don?t enter a situation you can?t win and try to paint it up afterwards?ugly is ugly no matter how long you sit at the bar; if all you are doing is trying to establish what market value is ? then call yourself an appraiser and do that!

--- On Thu, 5/21/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>

Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Thursday, May 21, 2009, 3:17 PM







Hi Jp
I would also like to know how you are using this method as an agent.
Thanks, Joan Vickers



From: Linda Gray <go.jelinco at gmail.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Thursday, May 21, 2009 12:30:09 PM
Subject: Re: [5-DayForum] not so fast

Hey Jp,

I am quite interested to find out what you are doing.

~Linda


On Wed, May 20, 2009 at 1:05 AM, John Paul Perez <jpperez100 at msn.com> wrote:


Linda, 
 
your right, there is a solution.. I'll be posting my version of this system soon.. Keep a look out...
 
Thanks,
Jp
 


Date: Tue, 19 May 2009 14:57:16 -0500 



From: go.jelinco at gmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] not so fast

No worries JP...I'm not disappointed at all.  Since you agree that what I say is true, then there must be some sort of solution to this problem....there always is.  I'm just wondering if anyone knows if there is a way to actually get the top price that the top bidder is willing to pay for the house...not just where the bidding stops.  I think that sellers don't want to leave any money on the table when all is said and done.  

Also, what education do you propose in educating ourselves and more importantly, our buyers (bidders)?

Thanks,
Linda 




On Tue, May 19, 2009 at 12:03 PM, John Paul Perez <jpperez100 at msn.com> wrote:


I have notice a trend on this forum. The biggest compliant I seem to to hear over and over again, is the "true Market Value" of the property. Linda what you say is true. Do you really expect your buyers to pay more than they have to? I hate to disappoint you, but they wont. There is only one (1) solution to this problem......EDUCATION!!!! Sellers and Buyers both, need to be educated on what exactly Fair market value is.
 
As I have stated earlier, I have been selling homes using a method similar to this for a while now and have been very successful.
 
best of luck,
Jp
 


Date: Tue, 19 May 2009 11:49:55 -0500
From: go.jelinco at gmail.com 

To: 5-dayforum at mailman.howtosellyourhomein5days.com



Subject: Re: [5-DayForum] not so fast

I've been thinking about this quite a bit lately.  I've been comparing it to what happens on eBay.  I think that you are most likely not going to get what the top bidder is willing to bid.  It only stands to reason that if the second place bidder stops bidding, the top bidder will also...even if they were willing to go ten, twenty, fifty thousand dollars more. The last two bidders would have to be only $500.00 apart in their minds to get to what the top bidder was willing to bid.  This has been my personal experience on eBay.  I have been willing to pay more  (sometimes quite a bit more)...but didn't have to because the other bidders dropped out early.

 Also the marketing can bring very wide variations in the final result.  I have seen wildly different ending prices on the exact same items (and of course houses are more subjective and no two properties are identical).   I think much of the difference was in how it was presented (marketed).  Of course it's also the luck of the draw about who happens to be looking when you are selling, how savvy they are and how willing they are to wait for something else to come along.

~Linda Gray


On Tue, May 19, 2009 at 9:03 AM, SKY HIGH <skyhighplanning at gmail.com> wrote:



Once the bidding begins.  They will bid up to get the home & it will not matter how low others started bidding.  You have to understand that this has worked for others & it could work for you.  I agree with Kyle, there could be several factors that caused the disappointing results.  You have to be clear on what it takes & avoid many common mistakes that will decrease chances of getting the buyers you need.  If you can convince people that the home will be sold Sunday night & your marketing is strong then those owner occupant buyers will do anything possible to get the home.

Carlos A. Chica 
Investor, Real Estate Solutions Co.
646-552-0107



Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney




On May 19, 2009, at 9:41 AM, M A <macycles at yahoo.com> wrote:








or... when you offer your house at crazy low price, the real buyers who actually fell in love with your house, get a quick eduction from low ballers that come to the auction and refuse to pay fair market value, because they don't want to look stupid and overbid seeing that the low ballers are offering little to nothing.






--- On Tue, 5/19/09, SKY HIGH <skyhighplanning at gmail.com> wrote:


From: SKY HIGH <skyhighplanning at gmail.com>
Subject: Re: [5-DayForum] not so fast
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Tuesday, May 19, 2009, 1:30 PM



The key is to understand that there may always be Investors bidding hoping to get a deal.  It's natural because the "low ballers" are searching for an exceptional deal.  But you need to be concerned with the two or three buyers that fall in love with the property & will pay as close to market value as you can get them to through the bidding process.  If you only are getting buyers who aren't motivated enough to pay market value then it's very possible that the marketing could use some work.
The actual market value is only determined by the most recent comparable sales.  That means real buyers have recently paid those prices forsimilar properties.  If you only get low offers that means your either unclear about curret market value or the buyers were trying to buy under market value. 
Carlos A. Chica 
Sky High Planning, Inc.
7380 Sand Lake Rd.  #500
Orlando, FL  32819
Office:  (407) 352-3220
Fax:      (407) 738-4816
Cell:      (646) 552-0107
skyhighplanning at gmail.com


Coming Soon:


www.SKYHIGHPLANNING.com


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


 -  Walt Disney

On May 19, 2009, at 9:16 AM, M A <macycles at yahoo.com> wrote:








you know "fair market value" and "true market value" are all a matter of semantics actually. the honest reason WHY people are attracted to the system is because they are looking for "FAIR" market value, at least that was my reason for it.  i don't believe there is such a thing as true market value per se. you get a bunch of low ballers together, and they will NOT  bid up to fair market value, only true market value for them, and thats never true because its not true for all parties concerned, thats why the sellers are disspointed. so you have to question, wether the auction system attracts low ballers and not real buyers... its kind of like what you put out in the world, if you are going to dress up like a 2 penny whore but expect to be paid a few dollars, you are going to attract a  customer who is going to expect to pay you 2 pennies not a few dollars. 

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] not so fast
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:57 PM


Market's are not fair.  I don't believe Bill uses the term "fair market value."
 
If you have a successful pre-5 Day Sale marketing campaign and a sufficient base of owner-buyer bidders you will get "true market" offers.
 
Auctioning is nothing new.  Our entire economy is based on the principle.  This is why we auction of T-Bills.
 
We would all need to know more about the specifics of your property, market, sub-market, etc., to know why you achieved the result that you did.
 
We want your feedback, understand your disappointment, but question your belief that the method doesn't work.  It does work.  It just didn't work for you given your expectation on a given day.  Why do you think it didn't work for you that day?
 
Best, 
 
Kyle Cascioli
www.AuctionBySeller.com 
 

 


Date: Tue, 19 May 2009 05:49:15 -0700
From: macycles at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: [5-DayForum] not so fast





that does not make sense what you said Kyle, of course  it generated an offer. i can get an offer any day on my property at 30% below market, i don't need to do an auction for that. the 5 day auction says that at the end you should at least generate fare market value, that's the whole point of its proclaimed success, and thats why people are attracted to it, by the promise of generating a fair market value.  There is nothing successful about being low balled and now being pressured into selling it at that price, like this woman below was describing. if that happened to me after all the effort and work of organizing an auction, i would as well be pretty disspointed.  but then again, may be for you Kyle, selling at a low ball price is a success, i just can't see it how its a success for most people.

--- On Tue, 5/19/09, Kyle Cascioli <real.estate.professor at hotmail.com> wrote:


From: Kyle Cascioli <real.estate.professor at hotmail.com>
Subject: Re: [5-DayForum] Did the Open House this weekend and bidding
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tuesday, May 19, 2009, 12:29 PM


If the process generated an offer where none was generated before, then by definition "it worked."
 
The market spoke to you , but you didn;t like what it had to say.  You are not alone.
 
Best luck moving forward.
 
Kyle Cascioli
www.AuctionBySeller.com  
 
> Date: Sun, 17 May 2009 22:31:43 -0400
> From: patrycja at MIT.EDU
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> Subject: [5-DayForum] Did the Open House this weekend and bidding
> 
> Hi,
> 
> My husband and I did everything by the book. We live and own a condo in
> Cambridge, MA which is still a good market. Got over 25 calls and over 60
> different people in 2 days. We just finished the bidding at 280K which is way
> below the market price for a condo in Cambridge of the kind we are selling -
> the lowest one can expect for this is 320K, the average is like $350K. Most
> people who came in were looking for a bargain, they were smart but they just
> could not get over the enormous price difference jump from 174,500 which we
> listed it at. There is something wrong here when the top bidder is a real
> estate agent who is now pressuring us to sell it to him b/c he knows it is way
> under market value.
> 
> The method does not work and it needs serious tweaks. It was an enormously
> draining experience for us.
> 
> Please keep this in mind.
> Patricia and Dmitry
> 
> 
> 
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman..howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



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From akmihos at verizon.net  Sat May 23 08:22:04 2009
From: akmihos at verizon.net (akmihos at verizon.net)
Date: Sat, 23 May 2009 12:22:04 +0000
Subject: [5-DayForum] Quick Observations
In-Reply-To: <4A118CB9.5020405@effros.com>
References: <4A118CB9.5020405@effros.com>
Message-ID: <2075163698-1243081343-cardhu_decombobulator_blackberry.rim.net-1491822591-@bxe1163.bisx.prod.on.blackberry>

Bill, do you recommend any other forms of advertising other than the local and regional papers as they seem not to be as effective as in past years? My biggest concern is that people don't read the papers as much as they used to and even with a great add and price, it will not been seen. 
Sent via BlackBerry by AT&T

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Mon, 18 May 2009 12:28:41 
To: 5-DayForum<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Quick Observations


No time for this, but here goes.

Find the detail in the archives.

1.  Change the subject line when you change the subject so that others 
will be able to find your comments in the archives in the future.

2.  I know of literally tens of thousands of people who have used the 
5-Day Method successfully over the past 20 years in homes ranging from 
$20,000 to in excess of $5,000,000.

3.  Your home is currently worth what you can get for it after running a 
5-Day Sale properly.

4.  "Properly" means starting at 50% of what you think it is worth, 
dropped down to a "magic number" and then actually taking the high bid 
no matter what it is.

5.  While some people who fudge 5-Day Sales succeed, most fail.

6.  When times were "good" and home values were inflated by bank 
appraisals, people who refused to sell their home to the high bidders 
complained that they couldn't get a 5-Day offer for what the bank said 
their home was worth.  They never again got as high an offer if they had 
run their 5-Day Sale properly in the first place.

7.  Please identify yourself in a meaningful way under your name so new 
sellers will understand they are looking at advice from someone who has 
never tried the method, or from someone who modified the method and then 
failed, or from someone who is a professional.

8.  I can't answer questions on a regular basis, and I haven't rigged 
this web site so all you see are my answers.  If you want to see my 
answers, go to the archives and see what I have to say.  I try to change 
subject lines so you can find back my comments.  Sort the archives by 
author, then look at subject lines.  This will also help you evaluate 
the responses you get from others.

Bill Effros
Author

PS -- In my OPINION, we are headed for incredible inflation and home 
values will again exceed mortgage amounts -- if you can afford to hang 
on for that long.  There is no telling when this will start to gallop, 
but it will.  If you sell low and buy low it doesn't matter--as long as 
you can afford to buy after selling.

Many, many homes will be abandoned and torn down.  "Ghost Towns" will 
develop.  These homes have no current value, and no matter how much 
lipstick you put on these pigs, they are still pigs.  Anyone who pays 
money for them now will get stuck -- whether that money comes in the 
form of "bailouts" "foreclosures" "speculators" or "flippers".

Don't throw good money after bad. 

Here is a link from the Wall Street Journal confirming that the "tear 
down" trend has begun.  If you look at the archives you will find this 
is not the first time I have predicted this.

http://online.wsj.com/article/SB124148169574985359.html




_______________________________________________
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 May 23 08:40:11 2009
From: bill at effros.com (Bill Effros)
Date: Sat, 23 May 2009 08:40:11 -0400
Subject: [5-DayForum] Where to Advertise
In-Reply-To: <2075163698-1243081343-cardhu_decombobulator_blackberry.rim.net-1491822591-@bxe1163.bisx.prod.on.blackberry>
References: <4A118CB9.5020405@effros.com>
	<2075163698-1243081343-cardhu_decombobulator_blackberry.rim.net-1491822591-@bxe1163.bisx.prod.on.blackberry>
Message-ID: <4A17EEAB.7060703@effros.com>

Please sign your name on every email, even those sent by BlackBerry.

I don't really know.  The world is changing. 

I suspect we won't have to pay for advertising in the future as the 
whole world will respond to "free" Internet distribution.  I expect 
Craig's List, or something like Craig's List will emerge as the medium 
of choice.

Interesting ideas immediately "go viral" on the Internet. Multiple 
back-up media are unnecessary.  If you are offering your home for a 
price that is really 1/2 its current market value, or best offer -- 
everyone looking for a home like yours will immediately know, and respond.

If you get 25 responses by Friday night, you can be quite sure the 3 
best buyers currently looking for a home like yours will show up and bid 
against each other.

Stacking the deck by misleading people about what you will really do, or 
by attracting more people through massive advertising campaigns will not 
increase the selling price.

Bill Effros
Author

akmihos at verizon.net wrote:
> Bill, do you recommend any other forms of advertising other than the local and regional papers as they seem not to be as effective as in past years? My biggest concern is that people don't read the papers as much as they used to and even with a great add and price, it will not been seen. 
> Sent via BlackBerry by AT&T
>
> -----Original Message-----
> From: Bill Effros <bill at effros.com>
>
> Date: Mon, 18 May 2009 12:28:41 
> To: 5-DayForum<5-dayforum at mailman.howtosellyourhomein5days.com>
> Subject: [5-DayForum] Quick Observations
>
>
> No time for this, but here goes.
>
> Find the detail in the archives.
>
> 1.  Change the subject line when you change the subject so that others 
> will be able to find your comments in the archives in the future.
>
> 2.  I know of literally tens of thousands of people who have used the 
> 5-Day Method successfully over the past 20 years in homes ranging from 
> $20,000 to in excess of $5,000,000.
>
> 3.  Your home is currently worth what you can get for it after running a 
> 5-Day Sale properly.
>
> 4.  "Properly" means starting at 50% of what you think it is worth, 
> dropped down to a "magic number" and then actually taking the high bid 
> no matter what it is.
>
> 5.  While some people who fudge 5-Day Sales succeed, most fail.
>
> 6.  When times were "good" and home values were inflated by bank 
> appraisals, people who refused to sell their home to the high bidders 
> complained that they couldn't get a 5-Day offer for what the bank said 
> their home was worth.  They never again got as high an offer if they had 
> run their 5-Day Sale properly in the first place.
>
> 7.  Please identify yourself in a meaningful way under your name so new 
> sellers will understand they are looking at advice from someone who has 
> never tried the method, or from someone who modified the method and then 
> failed, or from someone who is a professional.
>
> 8.  I can't answer questions on a regular basis, and I haven't rigged 
> this web site so all you see are my answers.  If you want to see my 
> answers, go to the archives and see what I have to say.  I try to change 
> subject lines so you can find back my comments.  Sort the archives by 
> author, then look at subject lines.  This will also help you evaluate 
> the responses you get from others.
>
> Bill Effros
> Author
>
> PS -- In my OPINION, we are headed for incredible inflation and home 
> values will again exceed mortgage amounts -- if you can afford to hang 
> on for that long.  There is no telling when this will start to gallop, 
> but it will.  If you sell low and buy low it doesn't matter--as long as 
> you can afford to buy after selling.
>
> Many, many homes will be abandoned and torn down.  "Ghost Towns" will 
> develop.  These homes have no current value, and no matter how much 
> lipstick you put on these pigs, they are still pigs.  Anyone who pays 
> money for them now will get stuck -- whether that money comes in the 
> form of "bailouts" "foreclosures" "speculators" or "flippers".
>
> Don't throw good money after bad. 
>
> Here is a link from the Wall Street Journal confirming that the "tear 
> down" trend has begun.  If you look at the archives you will find this 
> is not the first time I have predicted this.
>
> http://online.wsj.com/article/SB124148169574985359.html
>
>
>
>
> _______________________________________________
> 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 akmihos at verizon.net  Sat May 23 08:58:55 2009
From: akmihos at verizon.net (akmihos at verizon.net)
Date: Sat, 23 May 2009 12:58:55 +0000
Subject: [5-DayForum] Where to Advertise
In-Reply-To: <4A17EEAB.7060703@effros.com>
References: <4A118CB9.5020405@effros.com><2075163698-1243081343-cardhu_decombobulator_blackberry.rim.net-1491822591-@bxe1163.bisx.prod.on.blackberry><4A17EEAB.7060703@effros.com>
Message-ID: <2067060964-1243083555-cardhu_decombobulator_blackberry.rim.net-862965983-@bxe1163.bisx.prod.on.blackberry>

Thank you Bill.

Ari. 
Sent via BlackBerry by AT&T

-----Original Message-----
From: Bill Effros <bill at effros.com>

Date: Sat, 23 May 2009 08:40:11 
To: How To Sell Your Home in 5-Days<5-dayforum at mailman.howtosellyourhomein5days.com>
Subject: [5-DayForum] Where to Advertise


Please sign your name on every email, even those sent by BlackBerry.

I don't really know.  The world is changing. 

I suspect we won't have to pay for advertising in the future as the 
whole world will respond to "free" Internet distribution.  I expect 
Craig's List, or something like Craig's List will emerge as the medium 
of choice.

Interesting ideas immediately "go viral" on the Internet. Multiple 
back-up media are unnecessary.  If you are offering your home for a 
price that is really 1/2 its current market value, or best offer -- 
everyone looking for a home like yours will immediately know, and respond.

If you get 25 responses by Friday night, you can be quite sure the 3 
best buyers currently looking for a home like yours will show up and bid 
against each other.

Stacking the deck by misleading people about what you will really do, or 
by attracting more people through massive advertising campaigns will not 
increase the selling price.

Bill Effros
Author

akmihos at verizon.net wrote:
> Bill, do you recommend any other forms of advertising other than the local and regional papers as they seem not to be as effective as in past years? My biggest concern is that people don't read the papers as much as they used to and even with a great add and price, it will not been seen. 
> Sent via BlackBerry by AT&T
>
> -----Original Message-----
> From: Bill Effros <bill at effros.com>
>
> Date: Mon, 18 May 2009 12:28:41 
> To: 5-DayForum<5-dayforum at mailman.howtosellyourhomein5days.com>
> Subject: [5-DayForum] Quick Observations
>
>
> No time for this, but here goes.
>
> Find the detail in the archives.
>
> 1.  Change the subject line when you change the subject so that others 
> will be able to find your comments in the archives in the future.
>
> 2.  I know of literally tens of thousands of people who have used the 
> 5-Day Method successfully over the past 20 years in homes ranging from 
> $20,000 to in excess of $5,000,000.
>
> 3.  Your home is currently worth what you can get for it after running a 
> 5-Day Sale properly.
>
> 4.  "Properly" means starting at 50% of what you think it is worth, 
> dropped down to a "magic number" and then actually taking the high bid 
> no matter what it is.
>
> 5.  While some people who fudge 5-Day Sales succeed, most fail.
>
> 6.  When times were "good" and home values were inflated by bank 
> appraisals, people who refused to sell their home to the high bidders 
> complained that they couldn't get a 5-Day offer for what the bank said 
> their home was worth.  They never again got as high an offer if they had 
> run their 5-Day Sale properly in the first place.
>
> 7.  Please identify yourself in a meaningful way under your name so new 
> sellers will understand they are looking at advice from someone who has 
> never tried the method, or from someone who modified the method and then 
> failed, or from someone who is a professional.
>
> 8.  I can't answer questions on a regular basis, and I haven't rigged 
> this web site so all you see are my answers.  If you want to see my 
> answers, go to the archives and see what I have to say.  I try to change 
> subject lines so you can find back my comments.  Sort the archives by 
> author, then look at subject lines.  This will also help you evaluate 
> the responses you get from others.
>
> Bill Effros
> Author
>
> PS -- In my OPINION, we are headed for incredible inflation and home 
> values will again exceed mortgage amounts -- if you can afford to hang 
> on for that long.  There is no telling when this will start to gallop, 
> but it will.  If you sell low and buy low it doesn't matter--as long as 
> you can afford to buy after selling.
>
> Many, many homes will be abandoned and torn down.  "Ghost Towns" will 
> develop.  These homes have no current value, and no matter how much 
> lipstick you put on these pigs, they are still pigs.  Anyone who pays 
> money for them now will get stuck -- whether that money comes in the 
> form of "bailouts" "foreclosures" "speculators" or "flippers".
>
> Don't throw good money after bad. 
>
> Here is a link from the Wall Street Journal confirming that the "tear 
> down" trend has begun.  If you look at the archives you will find this 
> is not the first time I have predicted this.
>
> http://online.wsj.com/article/SB124148169574985359.html
>
>
>
>
> _______________________________________________
> 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 jcrafor at hotmail.com  Sat May 23 15:52:14 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 23 May 2009 19:52:14 +0000
Subject: [5-DayForum] neighbor's house sold "FMV" in 2 days
In-Reply-To: <BLU135-W297EA9DB9D9F9261900986B0570@phx.gbl>
References: <859494.96222.qm@web53602.mail.re2.yahoo.com>
	<60ff2e4d0905221004x122b2e33ub628585698d9fcb0@mail.gmail.com> 
	<BLU135-W297EA9DB9D9F9261900986B0570@phx.gbl>
Message-ID: <SNT116-W6255A205C5CC3B55EA9BE5AE570@phx.gbl>


One neighbor has had his 2bed + den, 2 bath house on market for over a year. There has been some activity, not much. Mine (3/2) has been on Craigslist, 5DAY sale, and postlets about a month. very little interest. I'm going to get it on mls soon.

Another neighbor just listed her house with an agent a few days ago, 3 bed + den, 2 bath, and it sold in 2 days. She listed at 164,900, and sold for 160K. I saw it on the mls, and wondered why there was no sign. She said this morning they didn't have a chance to even get the sign up.

 

The temptation is great to list with that same agent. I will probably call him.

JCtafor

_________________________________________________________________
Hotmail? has a new way to see what's up with your friends.
http://windowslive.com/Tutorial/Hotmail/WhatsNew?ocid=TXT_TAGLM_WL_HM_Tutorial_WhatsNew1_052009
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From jcrafor at hotmail.com  Sun May 24 10:14:08 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sun, 24 May 2009 14:14:08 +0000
Subject: [5-DayForum] Question about listing
In-Reply-To: <200905170742.n4H7gSuc003592@intel1.peregrinehw.com>
References: <200905170742.n4H7gSuc003592@intel1.peregrinehw.com>
Message-ID: <SNT116-W4180278808264F82F7081BAE540@phx.gbl>


WHY is getting onto REALTORS.COM so important? 

Please excuse my ignorance. I'm trying to learn and use what works. Like everyone else I need to use my money as effectively as possible 

 

Is a "standard" REALTORS.COM listing not as effective as a "Showcase" listing? 

 

My local homes by owner has a flat fee MLS and realtor.com listing for $369, but the info does not state realtor showcase. 

 

Have you tracked-is there a way to track--responses from one site listing to another? 

 

thanks,

JCrafor

 
> Date: Sun, 17 May 2009 09:37:39 +0200
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: sean at folkson.com
> Subject: [5-DayForum] Question about listing
> 
> Right Carlos,
> 
> the flat fee service I used included BOTH a realtor.com and MLS 
> listing. That assured me of being on just about every website out 
> there, and it was I think $360. There are different programs 
> available at different websites, and the fees will also vary a bit by 
> state (I'm in New York).
> 
> From what I've seen, again, doing this online gets more results & 
> calls than a newspaper ad. The advantage of running an ad in the 
> paper is that you can keep the address from people, FORCING them to 
> call, so you can get a feel of your response rates.
> 
> sean
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

_________________________________________________________________
Hotmail? has a new way to see what's up with your friends.
http://windowslive.com/Tutorial/Hotmail/WhatsNew?ocid=TXT_TAGLM_WL_HM_Tutorial_WhatsNew1_052009
-------------- next part --------------
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From macycles at yahoo.com  Sun May 24 13:08:08 2009
From: macycles at yahoo.com (M A)
Date: Sun, 24 May 2009 10:08:08 -0700 (PDT)
Subject: [5-DayForum] Question about listing
Message-ID: <968830.21679.qm@web59703.mail.ac4.yahoo.com>

i found the forum that brokers exchange info. they were saying that realtor..com is ok, sometimes you get a lead out of it, not the best, but they talked about point2 website being the best because it syndicates over a? huge amount of websites i think even realtor.com is included. i have to look into it more, but i so that their fee was 10 bucks a month plus they offer free website for your property.

if anyone is using it, please let me know how you are doing with it. it would be very helpful to know.

thanks
mary

--- On Sun, 5/24/09, j crafor <jcrafor at hotmail.com> wrote:

From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Question about listing
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Sunday, May 24, 2009, 2:14 PM




#yiv198675180 .hmmessage P
{
margin:0px;padding:0px;}
#yiv198675180 {
font-size:10pt;font-family:Verdana;}

WHY is getting onto REALTORS.COM so important? 

Please excuse my ignorance. I'm trying to learn and use?what works.?Like everyone else I need to use my money as effectively as possible 

?

Is a "standard" REALTORS.COM listing not as effective as a "Showcase" listing? 

?

My local homes by owner has a flat fee MLS and realtor.com listing for $369, but the info does not state realtor showcase. 

?

Have you tracked-is there a way to track--responses from one site listing to another??

?

thanks,

JCrafor

?
> Date: Sun, 17 May 2009 09:37:39 +0200
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: sean at folkson.com
> Subject: [5-DayForum] Question about listing
> 
> Right Carlos,
> 
> the flat fee service I used included BOTH a realtor.com and MLS 
> listing. That assured me of being on just about every website out 
> there, and it was I think $360. There are different programs 
> available at different websites, and the fees will also vary a bit by 
> state (I'm in New York).
> 
> From what I've seen, again, doing this online gets more results & 
> calls than a newspaper ad. The advantage of running an ad in the 
> paper is that you can keep the address from people, FORCING them to 
> call, so you can get a feel of your response rates.
> 
> sean
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

Hotmail? has a new way to see what's up with your friends. Check it out. 

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

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



      
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From joanvickers13 at yahoo.com  Sun May 24 21:10:02 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Sun, 24 May 2009 18:10:02 -0700 (PDT)
Subject: [5-DayForum] Question about listing
In-Reply-To: <968830.21679.qm@web59703.mail.ac4.yahoo.com>
References: <968830.21679.qm@web59703.mail.ac4.yahoo.com>
Message-ID: <690935.95184.qm@web110604.mail.gq1.yahoo.com>

Hi Mary,
Can you give me the website for the forum that brokers exchange info on? 
Thanks, Joan




________________________________
From: M A <macycles at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Sunday, May 24, 2009 11:08:08 AM
Subject: Re: [5-DayForum] Question about listing


i found the forum that brokers exchange info. they were saying that realtor.com is ok, sometimes you get a lead out of it, not the best, but they talked about point2 website being the best because it syndicates over a? huge amount of websites i think even realtor.com is included. i have to look into it more, but i so that their fee was 10 bucks a month plus they offer free website for your property.

if anyone is using it, please let me know how you are doing with it. it would be very helpful to know.

thanks
mary

--- On Sun, 5/24/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Question about listing
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Sunday, May 24, 2009, 2:14 PM


WHY is getting onto REALTORS..COM so important? 
Please excuse my ignorance. I'm trying to learn and use?what works.?Like everyone else I need to use my money as effectively as possible 
?
Is a "standard" REALTORS.COM listing not as effective as a "Showcase" listing? 
?
My local homes by owner has a flat fee MLS and realtor.com listing for $369, but the info does not state realtor showcase. 
?
Have you tracked-is there a way to track--responses from one site listing to another??
?
thanks,
JCrafor
?
> Date: Sun, 17 May 2009 09:37:39 +0200
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: sean at folkson.com
> Subject: [5-DayForum] Question about listing
> 
> Right Carlos,
> 
> the flat fee service I used included BOTH a realtor.com and MLS 
> listing. That assured me of being on just about every website out 
> there, and it was I think $360. There are different programs 
> available at different websites, and the fees will also vary a bit by 
> state (I'm in New York).
> 
> From what I've seen, again, doing this online gets more results & 
> calls than a newspaper ad. The advantage of running an ad in the 
> paper is that you can keep the address from people, FORCING them to 
> call, so you can get a feel of your response rates.
> 
> sean
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

________________________________
Hotmail? has a new way to see what's up with your friends. Check it out. 
-----Inline Attachment Follows-----


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


      
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From macycles at yahoo.com  Sun May 24 21:22:40 2009
From: macycles at yahoo.com (M A)
Date: Sun, 24 May 2009 18:22:40 -0700 (PDT)
Subject: [5-DayForum] Question about listing
Message-ID: <960257.42541.qm@web59705.mail.ac4.yahoo.com>



here you go? Joan,

http://agent.point2.com

mary

--- On Mon, 5/25/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:

From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Question about listing
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 25, 2009, 1:10 AM

Hi Mary,
Can you give me the website for the forum that brokers exchange info on? 
Thanks, Joan





From: M A <macycles at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Sunday, May 24, 2009 11:08:08 AM
Subject: Re: [5-DayForum] Question about listing





i found the forum that brokers exchange info. they were saying that realtor.com is ok, sometimes you get a lead out of it, not the best, but they talked about point2 website being the best because it syndicates over a? huge amount of websites i think even realtor.com is included. i have to look into it more, but i so that their fee was 10 bucks a month plus they offer free website for your property.

if anyone is using it, please let me know how you are doing with it. it would be very helpful to know.

thanks
mary

--- On Sun, 5/24/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Question about listing
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Sunday, May 24, 2009, 2:14 PM




#yiv128931995 #yiv198675180 .hmmessage P
{
margin:0px;padding:0px;}
#yiv128931995 #yiv198675180 {
font-size:10pt;font-family:Verdana;}

WHY is getting onto REALTORS..COM so important? 
Please excuse my ignorance. I'm trying to learn and use?what works.?Like everyone else I need to use my money as effectively as possible 
?
Is a "standard" REALTORS.COM listing not as effective as a "Showcase" listing? 
?
My local homes by owner has a flat fee MLS and realtor.com listing for $369, but the info does not state realtor showcase. 
?
Have you tracked-is there a way to track--responses from one site listing to another??
?
thanks,
JCrafor
?
> Date: Sun, 17 May 2009 09:37:39 +0200
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: sean at folkson.com
> Subject: [5-DayForum] Question about listing
> 
> Right Carlos,
> 
> the flat fee service I used
 included BOTH a realtor.com and MLS 
> listing. That assured me of being on just about every website out 
> there, and it was I think $360. There are different programs 
> available at different websites, and the fees will also vary a bit by 
> state (I'm in New York).
> 
> From what I've seen, again, doing this online gets more results & 
> calls than a newspaper ad. The advantage of running an ad in the 
> paper is that you can keep the address from people, FORCING them to 
> call, so you can get a feel of your response rates.
> 
> sean
> 
> _______________________________________________
> 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  Sun May 24 21:30:43 2009
From: jcrafor at hotmail.com (j crafor)
Date: Mon, 25 May 2009 01:30:43 +0000
Subject: [5-DayForum] Question about listing
In-Reply-To: <690935.95184.qm@web110604.mail.gq1.yahoo.com>
References: <968830.21679.qm@web59703.mail.ac4.yahoo.com>
	<690935.95184.qm@web110604.mail.gq1.yahoo.com>
Message-ID: <SNT116-W1B440FB1CA6DEBF002203AE550@phx.gbl>



 Point2 appears to me to be only for brokers/agents. Is there a way for FSBO's to list there?

JCrafor


Date: Sun, 24 May 2009 18:10:02 -0700
From: joanvickers13 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Question about listing





Hi Mary,
Can you give me the website for the forum that brokers exchange info on? 
Thanks, Joan





From: M A <macycles at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Sunday, May 24, 2009 11:08:08 AM
Subject: Re: [5-DayForum] Question about listing





i found the forum that brokers exchange info. they were saying that realtor.com is ok, sometimes you get a lead out of it, not the best, but they talked about point2 website being the best because it syndicates over a  huge amount of websites i think even realtor.com is included. i have to look into it more, but i so that their fee was 10 bucks a month plus they offer free website for your property.

if anyone is using it, please let me know how you are doing with it. it would be very helpful to know.

thanks
mary

--- On Sun, 5/24/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Question about listing
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Sunday, May 24, 2009, 2:14 PM




WHY is getting onto REALTORS..COM so important? 
Please excuse my ignorance. I'm trying to learn and use what works. Like everyone else I need to use my money as effectively as possible 
 
Is a "standard" REALTORS.COM listing not as effective as a "Showcase" listing? 
 
My local homes by owner has a flat fee MLS and realtor.com listing for $369, but the info does not state realtor showcase. 
 
Have you tracked-is there a way to track--responses from one site listing to another? 
 
thanks,
JCrafor
 
> Date: Sun, 17 May 2009 09:37:39 +0200
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: sean at folkson.com
> Subject: [5-DayForum] Question about listing
> 
> Right Carlos,
> 
> the flat fee service I used included BOTH a realtor.com and MLS 
> listing. That assured me of being on just about every website out 
> there, and it was I think $360. There are different programs 
> available at different websites, and the fees will also vary a bit by 
> state (I'm in New York).
> 
> From what I've seen, again, doing this online gets more results & 
> calls than a newspaper ad. The advantage of running an ad in the 
> paper is that you can keep the address from people, FORCING them to 
> call, so you can get a feel of your response rates.
> 
> sean
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



Hotmail? has a new way to see what's up with your friends. Check it out. 
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http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



_________________________________________________________________
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From joanvickers13 at yahoo.com  Sun May 24 21:41:32 2009
From: joanvickers13 at yahoo.com (Joan Vickers)
Date: Sun, 24 May 2009 18:41:32 -0700 (PDT)
Subject: [5-DayForum] Question about listing
In-Reply-To: <960257.42541.qm@web59705.mail.ac4.yahoo.com>
References: <960257.42541.qm@web59705.mail.ac4.yahoo.com>
Message-ID: <783445.37396.qm@web110612.mail.gq1.yahoo.com>

Thank you Mary, you are very quick... :)




________________________________
From: M A <macycles at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Sunday, May 24, 2009 7:22:40 PM
Subject: Re: [5-DayForum] Question about listing




here you go? Joan,

http://agent.point2.com

mary

--- On Mon, 5/25/09, Joan Vickers <joanvickers13 at yahoo.com> wrote:


From: Joan Vickers <joanvickers13 at yahoo.com>
Subject: Re: [5-DayForum] Question about listing
To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 25, 2009, 1:10 AM


Hi Mary,
Can you give me the website for the forum that brokers exchange info on? 
Thanks, Joan




________________________________
From: M A <macycles at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Sunday, May 24, 2009 11:08:08 AM
Subject: Re: [5-DayForum] Question about listing


i found the forum that brokers exchange info. they were saying that realtor.com is ok, sometimes you get a lead out of it, not the best, but they talked about point2 website being the best because it syndicates over a? huge amount of websites i think even realtor.com is included. i have to look into it more, but i so that their fee was 10 bucks a month plus they offer free website for your property.

if anyone is using it, please let me know how you are doing with it. it would be very helpful to know.

thanks
mary

--- On Sun, 5/24/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Question about listing
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Sunday, May 24, 2009, 2:14 PM


WHY is getting onto REALTORS..COM so important? 
Please excuse my ignorance. I'm trying to learn and use?what works.?Like everyone else I need to use my money as effectively as possible 
?
Is a "standard" REALTORS.COM listing not as effective as a "Showcase" listing? 
?
My local homes by owner has a flat fee MLS and realtor.com listing for $369, but the info does not state realtor showcase.. 
?
Have you tracked-is there a way to track--responses from one site listing to another??
?
thanks,
JCrafor
?
> Date: Sun, 17 May 2009 09:37:39 +0200
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: sean at folkson.com
> Subject: [5-DayForum] Question about listing
> 
> Right Carlos,
> 
> the flat fee service I used included BOTH a realtor.com and MLS 
> listing. That assured me of being on just about every website out 
> there, and it was I think $360. There are different programs 
> available at different websites, and the fees will also vary a bit by 
> state (I'm in New York).
> 
> From what I've seen, again, doing this online gets more results & 
> calls than a newspaper ad. The advantage of running an ad in the 
> paper is that you can keep the address from people, FORCING them to 
> call, so you can get a feel of your response rates.
> 
> sean
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

________________________________
Hotmail? has a new way to see what's up with your friends. Check it out. 
-----Inline Attachment Follows-----


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


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


_______________________________________________
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From macycles at yahoo.com  Sun May 24 22:10:36 2009
From: macycles at yahoo.com (M A)
Date: Sun, 24 May 2009 19:10:36 -0700 (PDT)
Subject: [5-DayForum] Question about listing
Message-ID: <986883.2506.qm@web59710.mail.ac4.yahoo.com>

i don't know yet. but, i pretended to be an agent and was able to post on trulia.com with no problems,and thats a website only for? brokers/agents. 

--- On Mon, 5/25/09, j crafor <jcrafor at hotmail.com> wrote:

From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Question about listing
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Monday, May 25, 2009, 1:30 AM




#yiv366688955 .hmmessage P
{
margin:0px;padding:0px;}
#yiv366688955 {
font-size:10pt;font-family:Verdana;}


?Point2 appears to me to be only for brokers/agents. Is there a way for FSBO's to list there?

JCrafor


Date: Sun, 24 May 2009 18:10:02 -0700
From: joanvickers13 at yahoo.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Subject: Re: [5-DayForum] Question about listing



#yiv366688955 .ExternalClass DIV
{}



Hi Mary,
Can you give me the website for the forum that brokers exchange info on? 
Thanks, Joan





From: M A <macycles at yahoo.com>
To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com>
Sent: Sunday, May 24, 2009 11:08:08 AM
Subject: Re: [5-DayForum] Question about listing





i found the forum that brokers exchange info. they were saying that realtor.com is ok, sometimes you get a lead out of it, not the best, but they talked about point2 website being the best because it syndicates over a? huge amount of websites i think even realtor.com is included. i have to look into it more, but i so that their fee was 10 bucks a month plus they offer free website for your property.

if anyone is using it, please let me know how you are doing with it. it would be very helpful to know.

thanks
mary

--- On Sun, 5/24/09, j crafor <jcrafor at hotmail.com> wrote:


From: j crafor <jcrafor at hotmail.com>
Subject: Re: [5-DayForum] Question about listing
To: "5-dayforum at mailman.how tosellyour home" <5-dayforum at mailman.howtosellyourhomein5days.com>
Date: Sunday, May 24, 2009, 2:14 PM




#yiv366688955 .ExternalClass #EC_yiv198675180 .EC_hmmessage P
{padding:0px;}
#yiv366688955 .ExternalClass #EC_yiv198675180
{font-size:10pt;font-family:Verdana;}

WHY is getting onto REALTORS..COM so important? 
Please excuse my ignorance. I'm trying to learn and use?what works.?Like everyone else I need to use my money as effectively as possible 
?
Is a "standard" REALTORS.COM listing not as effective as a "Showcase" listing? 
?
My local homes by owner has a flat fee MLS and realtor.com listing for $369, but the info does not state realtor showcase. 
?
Have you tracked-is there a way to track--responses from one site listing to another??
?
thanks,
JCrafor
?
> Date: Sun, 17 May 2009 09:37:39 +0200
> To: 5-dayforum at mailman.howtosellyourhomein5days.com
> From: sean at folkson.com
> Subject: [5-DayForum] Question about listing
> 
> Right Carlos,
> 
> the flat fee service I used included BOTH a realtor.com and MLS 
> listing. That assured me of being on just about every website out 
> there, and it was I think $360. There are different programs 
> available at different websites, and the fees will also vary a bit by 
> state (I'm in New York).
> 
> From what I've seen, again, doing this online gets more results & 
> calls than a newspaper ad. The advantage of running an ad in the 
> paper is that you can keep the address from people, FORCING them to 
> call, so you can get a feel of your response rates.
> 
> sean
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



Hotmail? has a new way to see what's up with your friends. Check it out. 
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5-DayForum at mailman.howtosellyourhomein5days.com
http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum



Hotmail? has a new way to see what's up with your friends. Check it out. 

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From ParcelPropertyInvestments at sympatico.ca  Mon May 25 08:03:33 2009
From: ParcelPropertyInvestments at sympatico.ca (Parcel Property Investments)
Date: Mon, 25 May 2009 08:03:33 -0400
Subject: [5-DayForum] Canadian Considerations
Message-ID: <BLU0-SMTP749B47598B79B60D9A44DACD550@phx.gbl>

Hi,

Has anyone from Canada used this?  If so, what are the lawI am not sure if there are laws regulating this kind of thing or not.  My mom just told me 2 days ago that a person who looks at a private-sale house, and the owner subsequently lists the house, cannot then go back and offer on it.  

Thanks,
Tammy 
Barrie,Ontario,Canada
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From rosemarie-fred at mindspring.com  Mon May 25 09:41:33 2009
From: rosemarie-fred at mindspring.com (rosemarie-fred)
Date: Mon, 25 May 2009 09:41:33 -0400
Subject: [5-DayForum] Canadian Considerations
References: <BLU0-SMTP749B47598B79B60D9A44DACD550@phx.gbl>
Message-ID: <86FA521C7B984E18A891A0E6BCA23730@rosemarifv6onv>

If you need to know Canadian law, you probably need to ask a Canadian lawyer! 
This is a marketing system for people who want to sell their house. In the US homeowners can act as their own agent.
I would think that in the case like the one your mother told you about, after a house is listed with a realtor anyone who makes an offer is going to be considered a buyer brought by the realtor and you will have to pay the commission.  By considering this eventuality you are predicting that your sale will not work out and you will give up and call in the pro's. If you haven't done your sale yet, you are thinking negatively! - You have to expect it to succeed, not plan for it to fail!
Good luck
Rosemarie (sometime seller)
  ----- Original Message ----- 
  From: Parcel Property Investments 
  To: 5-dayforum at howtosellyourhomein5days.com 
  Sent: Monday, May 25, 2009 8:03 AM
  Subject: [5-DayForum] Canadian Considerations


  Hi,

  Has anyone from Canada used this?  If so, what are the lawI am not sure if there are laws regulating this kind of thing or not.  My mom just told me 2 days ago that a person who looks at a private-sale house, and the owner subsequently lists the house, cannot then go back and offer on it.  

  Thanks,
  Tammy 
  Barrie,Ontario,Canada


------------------------------------------------------------------------------


  _______________________________________________
  5-DayForum mailing list
  5-DayForum at mailman.howtosellyourhomein5days.com
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From jcrafor at hotmail.com  Tue May 26 00:31:10 2009
From: jcrafor at hotmail.com (j crafor)
Date: Tue, 26 May 2009 04:31:10 +0000
Subject: [5-DayForum] Question about listing
In-Reply-To: <986883.2506.qm@web59710.mail.ac4.yahoo.com>
References: <986883.2506.qm@web59710.mail.ac4.yahoo.com>
Message-ID: <SNT116-W517C82070896F9AD2BCA61AE520@phx.gbl>


Two of my neighbors have their houses listed on the MLS. 

My house, so far, is not, and an agent recommended that people who were interested in the area, who came to see those houses, would see the sign for mine and many would call, that paying for a listing on the MLS may not be a necessity for me, because of their listings. 

Today, I did get a call, and an agent showed, my house, as she was showing neighboring houses to her clients.

 

That may be a fluke. 

 

What do you all think--list on mls NOW, or wait a few more days? Are their listings enough to get attention to mine?

 

We are in the "hottest" selling period of the year, and i do want to sell.

JCrafor

_________________________________________________________________
Windows Live?: Keep your life in sync.
http://windowslive.com/explore?ocid=TXT_TAGLM_BR_life_in_synch_052009
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From ggreier at hughes.net  Tue May 26 08:47:28 2009
From: ggreier at hughes.net (Gary Greier)
Date: Tue, 26 May 2009 12:47:28 +0000 (GMT)
Subject: [5-DayForum] 5 day sale in Canada
Message-ID: <2090028138.359702.1243342048655.JavaMail.mail@webmail01>

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From bill at effros.com  Tue May 26 09:05:28 2009
From: bill at effros.com (Bill Effros)
Date: Tue, 26 May 2009 09:05:28 -0400
Subject: [5-DayForum] Canadian Considerations
In-Reply-To: <86FA521C7B984E18A891A0E6BCA23730@rosemarifv6onv>
References: <BLU0-SMTP749B47598B79B60D9A44DACD550@phx.gbl>
	<86FA521C7B984E18A891A0E6BCA23730@rosemarifv6onv>
Message-ID: <4A1BE918.9000903@effros.com>

The 5-Day Method has been used successfully in Canada. 

It was published simultaneously in the US and Canada for copyright 
purposes.  I imagine the Canadian publisher ran it past their attorneys 
first.

Bill Effros
Author

rosemarie-fred wrote:
> If you need to know Canadian law, you probably need to ask a Canadian 
> lawyer!
> This is a marketing system for people who want to sell their house. In 
> the US homeowners can act as their own agent.
> I would think that in the case like the one your mother told you 
> about, after a house is listed with a realtor anyone who makes an 
> offer is going to be considered a buyer brought by the realtor and you 
> will have to pay the commission.  By considering this eventuality you 
> are predicting that your sale will not work out and you will give up 
> and call in the pro's. If you haven't done your sale yet, you are 
> thinking negatively! - You have to expect it to succeed, not plan for 
> it to fail!
> Good luck
> Rosemarie (sometime seller)
>
>     ----- Original Message -----
>     *From:* Parcel Property Investments
>     <mailto:ParcelPropertyInvestments at sympatico.ca>
>     *To:* 5-dayforum at howtosellyourhomein5days.com
>     <mailto:5-dayforum at howtosellyourhomein5days.com>
>     *Sent:* Monday, May 25, 2009 8:03 AM
>     *Subject:* [5-DayForum] Canadian Considerations
>
>     Hi,
>      
>     Has anyone from Canada used this?  If so, what are the lawI am not
>     sure if there are laws regulating this kind of thing or not.  My
>     mom just told me 2 days ago that a person who looks at a
>     private-sale house, and the owner subsequently lists the
>     house, cannot then go back and offer on it. 
>      
>     Thanks,
>     Tammy
>     Barrie,Ontario,Canada
>
>     ------------------------------------------------------------------------
>     _______________________________________________
>     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  Wed May 27 19:04:01 2009
From: jcrafor at hotmail.com (j crafor)
Date: Wed, 27 May 2009 23:04:01 +0000
Subject: [5-DayForum] Question about listing
In-Reply-To: <SNT116-W517C82070896F9AD2BCA61AE520@phx.gbl>
References: <986883.2506.qm@web59710.mail.ac4.yahoo.com>
	<SNT116-W517C82070896F9AD2BCA61AE520@phx.gbl>
Message-ID: <SNT116-W1405410A51BB4D2EDFB489AE530@phx.gbl>


I will be listing, probably with Owners.com, flat fee MLS and Realtor.com.

JCrafor
 


From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Tue, 26 May 2009 04:31:10 +0000
Subject: Re: [5-DayForum] Question about listing



Two of my neighbors have their houses listed on the MLS. 
My house, so far, is not, and an agent recommended that people who were interested in the area, who came to see those houses, would see the sign for mine and many would call, that paying for a listing on the MLS may not be a necessity for me, because of their listings. 
Today, I did get a call, and an agent showed, my house, as she was showing neighboring houses to her clients.
 
That may be a fluke. 
 
What do you all think--list on mls NOW, or wait a few more days? Are their listings enough to get attention to mine?
 
We are in the "hottest" selling period of the year, and i do want to sell.
JCrafor



Windows Live?: Keep your life in sync. Check it out.
_________________________________________________________________
Hotmail? has a new way to see what's up with your friends.
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From npergakes at hotmail.com  Wed May 27 11:40:36 2009
From: npergakes at hotmail.com (nicholas pergakes)
Date: Wed, 27 May 2009 11:40:36 -0400
Subject: [5-DayForum] Should we get on MLS?
Message-ID: <BAY144-W250BFBFC6292C7266E626FBD530@phx.gbl>


Hi all,

 

I'm new to the board, although I have used the 5 day method already.  A few years ago my wife and I sold our townhome in North Carolina successfully.  Worked perfectly.  We posted our home for sale in the Charlotte Observer and on Craig's List.  

 

We now live in Atlanta, GA and  considering getting onto MLS to increase our traffic even more this time.  Is it worth it?  How much does it usually cost?   We are looking to start next Wednesday so hope we even have enough time. 

 

Thanks,

Nick

_________________________________________________________________
Hotmail? has a new way to see what's up with your friends.
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From mottlyn at yahoo.com  Wed May 27 12:26:16 2009
From: mottlyn at yahoo.com (Lyn Mott)
Date: Wed, 27 May 2009 09:26:16 -0700 (PDT)
Subject: [5-DayForum] Rent your home in 5 days
Message-ID: <302081.98328.qm@web56806.mail.re3.yahoo.com>

Hi Bill,



My husband and I loved your book.? We are going to use the 5-day method
to sell our home in the near future. But there is something else you
are doing that has peaked our interest more and that is your page on
RENTING your house in 5 days.? We have income property and have had
difficulty getting them rented right away.? Would you mind elaborating
on your method of renting? 



Sincerely,



Donald and Evelyn Mott

Belvidere, Illinois


      
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From sean at folkson.com  Thu May 28 08:46:42 2009
From: sean at folkson.com (Sean Folkson)
Date: Thu, 28 May 2009 14:46:42 +0200
Subject: [5-DayForum] Should we get on MLS?
In-Reply-To: <BAY144-W250BFBFC6292C7266E626FBD530@phx.gbl>
References: <BAY144-W250BFBFC6292C7266E626FBD530@phx.gbl>
Message-ID: <200905281250.n4SCorkt017090@intel1.peregrinehw.com>

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From skyhighplanning at gmail.com  Thu May 28 08:57:33 2009
From: skyhighplanning at gmail.com (SKY HIGH)
Date: Thu, 28 May 2009 08:57:33 -0400
Subject: [5-DayForum] Should we get on MLS?
In-Reply-To: <200905281250.n4SCorkt017090@intel1.peregrinehw.com>
References: <BAY144-W250BFBFC6292C7266E626FBD530@phx.gbl>
	<200905281250.n4SCorkt017090@intel1.peregrinehw.com>
Message-ID: <42B35EF3-45CF-40DD-819B-8440A68CD794@gmail.com>

When listed on MLS it may be possible that if you receive ONLY 1  
offer at the listing price that there could be some kind of  
obligation to accept or else the realtors involved could have a  
problem.  But, I know for a FACT that if you have MULTIPLE offers  
then you do not have to accept the offer at listing price because you  
should have some over that price which would justify your decision.


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 May 28, 2009, at 8:46 AM, Sean Folkson wrote:

> Hi Nick,
>
> I believe you have plenty of time.  I personally think the MLS is  
> tremendously helpful.  I've done 2 sales in the last 12 months, and  
> a great amount of traffic can come from the MLS.
>
> One thing I've been asked recently (and did not have a definitive  
> answer to), is whether or not you're legally supposed to accept any  
> offer that meets your MLS price.  on my first sale, we listed at  
> $174,500 for a townhouse in Seattle that we were hoping for close  
> to $400K on.  We had many realtors there, and not a single one of  
> them indicated that if they gave us the list price, that we were  
> required to take it.  Several realtors had clients in the bidding,  
> and went over $320K.  So, while that's not a definitive answer, I'd  
> think that if we were required to take the bids/offers, we would  
> have found out right there.
>
> When posting on the MLS, you do need to offer a % to any buyer's  
> agents.  I've listed both times at 1%.  Some realtors weren't  
> thrilled, but they still showed up and jumped in.
>
> In addition to getting the realtors with clients, I believe you're  
> likely to also get more potential buyers on their own.  You may not  
> ever pay out the 1%.  Or, you can choose to make the buyers with  
> realtors pay more.  up to you.
>
> Go to Owners.com and contact them about their flat-fee MLS and  
> realtor.com package.  It worked like gangbusters for me!
>
> At 05:40 PM 5/27/2009, you wrote:
>> Hi all,
>>
>> I'm new to the board, although I have used the 5 day method  
>> already.  A few years ago my wife and I sold our townhome in North  
>> Carolina successfully.  Worked perfectly.  We posted our home for  
>> sale in the Charlotte Observer and on Craig's List.
>>
>> We now live in Atlanta, GA and  considering getting onto MLS to  
>> increase our traffic even more this time.  Is it worth it?  How  
>> much does it usually cost?   We are looking to start next  
>> Wednesday so hope we even have enough time.
>>
>> Thanks,
>> Nick
>>
>> Hotmail? has a new way to see what's up with your friends. 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 bill at effros.com  Thu May 28 09:00:39 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 28 May 2009 09:00:39 -0400
Subject: [5-DayForum] Should we get on MLS?
In-Reply-To: <BAY144-W250BFBFC6292C7266E626FBD530@phx.gbl>
References: <BAY144-W250BFBFC6292C7266E626FBD530@phx.gbl>
Message-ID: <4A1E8AF7.2020001@effros.com>

Nick,

MLS is a waste of time and money if you are running a 5-Day Sale.

In most areas, free Craigslist is all you need.

The 5-Day Method does not change the market--you will only get the top 
end of the current market value no matter how many different places you 
advertise.

MLS is not going to make that mythical Saudi Oil Prince show up at your 
door and offer you more than anyone thinks your home is currently worth.

Start at 50% of what you think your home is currently worth in a 
Craigslist ad.  Put no pictures into your ad.  Advertise that you will 
send a full packet with details to anyone requesting it.  Don't try to 
explain the whole 5-Day Method in the ad. 

If you are not flooded with responses pull the ad and back out of the 5 
day sale immediately--you have no idea of current market values, and you 
will not get anywhere near what you are hoping for at this time.

Try some other way to sell your home, and see if they can get you what 
you are hoping for at this time.

If you are flooded with responses there is no need to do any more 
advertising.  Whether you run your 5-Day Sale, no not, your selling 
costs are near zero.  Proceed in the exact same way you did last time.  
Use email response only from Craigslist to save yourself and your buyer 
a lot of time and trouble.

I don't believe advertising in the local newspaper or MLS will make any 
difference.

Bill Effros
Author


nicholas pergakes wrote:
> Hi all,
>  
> I'm new to the board, although I have used the 5 day method 
> already.  A few years ago my wife and I sold our townhome in North 
> Carolina successfully.  Worked perfectly.  We posted our home for sale 
> in the Charlotte Observer and on Craig's List. 
>  
> We now live in Atlanta, GA and  considering getting onto MLS to 
> increase our traffic even more this time.  Is it worth it?  How much 
> does it usually cost?   We are looking to start next Wednesday so hope 
> we even have enough time. 
>  
> Thanks,
> Nick
>
> ------------------------------------------------------------------------
> Hotmail? has a new way to see what's up with your friends. Check it 
> out. 
> <http://windowslive.com/Tutorial/Hotmail/WhatsNew?ocid=TXT_TAGLM_WL_HM_Tutorial_WhatsNew1_052009> 
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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 May 28 09:15:33 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 28 May 2009 09:15:33 -0400
Subject: [5-DayForum] Rent your home in 5 days
In-Reply-To: <302081.98328.qm@web56806.mail.re3.yahoo.com>
References: <302081.98328.qm@web56806.mail.re3.yahoo.com>
Message-ID: <4A1E8E75.8060505@effros.com>

Lyn,

I am running a 5-Day Rental this weekend.

Here is the Craigslist ad I ran:

http://newyork.craigslist.org/brk/abo/1180071090.html (apts by owner) 
<http://newyork.craigslist.org/brk/abo/1180071090.html>

I don't know if the link will continue to work, as I am about to delete 
it and post a new craigslist ad.

I got 50 responses in 24 hours to this ad yesterday--the first response 
came in within minutes of my posting at 8:30 pm. Tuesday.  Responses 
kept coming in, even into the wee hours of the morning.  If a 5 Day sale 
is going to work, you know within minutes of posting on Craigslist.

We advertised the same apartment at $1750 last week and got 2 
responses--one person looked at the apartment.  (We would not run a 
5-Day Sale over the Memorial Day Weekend, so, since Craigslist is free, 
we thought we would run the ad to see what would happen.)

If $950 is all we get for that apartment, we'll take it.  I think we'll 
get more.  Leaving it empty and spending a lot of money on advertising 
costs a lot of money out of pocket.  I'll keep the list posted on our 
progress, however we'll be very busy this weekend, and that will be our 
top priority.

Bill Effros
Author



Lyn Mott wrote:
> Hi Bill,
>
> My husband and I loved your book.  We are going to use the 5-day 
> method to sell our home in the near future. But there is something 
> else you are doing that has peaked our interest more and that is your 
> page on RENTING your house in 5 days.  We have income property and 
> have had difficulty getting them rented right away.  Would you mind 
> elaborating on your method of renting?
>
> Sincerely,
>
> Donald and Evelyn Mott
> Belvidere, Illinois
>
>
> ------------------------------------------------------------------------
>
> _______________________________________________
> 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 May 28 09:36:16 2009
From: bill at effros.com (Bill Effros)
Date: Thu, 28 May 2009 09:36:16 -0400
Subject: [5-DayForum] Rent your home in 5 days
In-Reply-To: <4A1E8E75.8060505@effros.com>
References: <302081.98328.qm@web56806.mail.re3.yahoo.com>
	<4A1E8E75.8060505@effros.com>
Message-ID: <4A1E9350.4070505@effros.com>

Wow!

That ad was gone fast.

When I clicked this link it said the ad had expired.  Not a bad idea, 
but different from the last time I actually used Craigslist.

I'll post another and let you know.

I'll try to post this ad as a picture email size so you can see how 
little it takes to find current renters in any market.

Bill Effros
Building Owner

Bill Effros wrote:
> Lyn,
>
> I am running a 5-Day Rental this weekend.
>
> Here is the Craigslist ad I ran:
>
> http://newyork.craigslist.org/brk/abo/1180071090.html (apts by owner) 
> <http://newyork.craigslist.org/brk/abo/1180071090.html>
>
> I don't know if the link will continue to work, as I am about to 
> delete it and post a new craigslist ad.
>
> I got 50 responses in 24 hours to this ad yesterday--the first 
> response came in within minutes of my posting at 8:30 pm. Tuesday.  
> Responses kept coming in, even into the wee hours of the morning.  If 
> a 5 Day sale is going to work, you know within minutes of posting on 
> Craigslist.
>
> We advertised the same apartment at $1750 last week and got 2 
> responses--one person looked at the apartment.  (We would not run a 
> 5-Day Sale over the Memorial Day Weekend, so, since Craigslist is 
> free, we thought we would run the ad to see what would happen.)
>
> If $950 is all we get for that apartment, we'll take it.  I think 
> we'll get more.  Leaving it empty and spending a lot of money on 
> advertising costs a lot of money out of pocket.  I'll keep the list 
> posted on our progress, however we'll be very busy this weekend, and 
> that will be our top priority.
>
> Bill Effros
> Author
>
>
>
> Lyn Mott wrote:
>> Hi Bill,
>>
>> My husband and I loved your book.  We are going to use the 5-day 
>> method to sell our home in the near future. But there is something 
>> else you are doing that has peaked our interest more and that is your 
>> page on RENTING your house in 5 days.  We have income property and 
>> have had difficulty getting them rented right away.  Would you mind 
>> elaborating on your method of renting?
>>
>> Sincerely,
>>
>> Donald and Evelyn Mott
>> Belvidere, Illinois
>>
>>
>> ------------------------------------------------------------------------
>>
>> _______________________________________________
>> 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 Rosemary_505 at hotmail.com  Wed May 13 19:44:06 2009
From: Rosemary_505 at hotmail.com (Rosemary)
Date: Wed, 13 May 2009 19:44:06 -0400
Subject: [5-DayForum] Advertising Suggestions Wanted
Message-ID: <BAY138-DS5FFF28F02FDC4D2515D9BAC500@phx.gbl>

Does anyone have an opinion on the best places to advertise a 5-day sale in the Fort Lee, NJ area?  If you are from the area and have conducted a successful 5-day sale, I'd love to get all your recommendations re: inspections, lawyers, advertising and if anyone thinks there are any special considerations for coop sales.

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From kylf522 at yahoo.com  Thu May 28 13:52:20 2009
From: kylf522 at yahoo.com (Kyle)
Date: Thu, 28 May 2009 17:52:20 +0000
Subject: [5-DayForum] MLS
Message-ID: <854623118-1243537181-cardhu_decombobulator_blackberry.rim.net-37546102-@bxe1195.bisx.prod.on.blackberry>

Well we are doing our 5-day sale next week. We are skipping the ineffective news paper ads and going with the flat fee MLS from owners.com. They tried to tell me they wouldn't do it for 1% buyers broker fee but I pushed back at them and they agreed to list at 1%. They are saying no realators will even look at it unless you do 2%. My position is to give 1% fee and 1% discount for no agent. If the broker wants any more it will be added to the final bid.

I have had a sign out and received a few calls from agents and they seemed to understand the highest bidder and one said they were coming to the open house. I already have one real buyer who is a neighbor wanting to pay cash for a house for their granddaughter.

Kyle
Sent from my Verizon Wireless BlackBerry


From jcrafor at hotmail.com  Thu May 28 23:22:28 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 29 May 2009 03:22:28 +0000
Subject: [5-DayForum] MLS
In-Reply-To: <854623118-1243537181-cardhu_decombobulator_blackberry.rim.net-37546102-@bxe1195.bisx.prod.on.blackberry>
References: <854623118-1243537181-cardhu_decombobulator_blackberry.rim.net-37546102-@bxe1195.bisx.prod.on.blackberry>
Message-ID: <SNT116-W151F8B402812F960F3E303AE510@phx.gbl>


Best wishes to you. I finally got mine listed with them, and tomorrow it should be on the mls.

JCrafor
 
> To: 5-dayforum at howtosellyourhomein5days.com
> From: kylf522 at yahoo.com
> Date: Thu, 28 May 2009 17:52:20 +0000
> Subject: [5-DayForum] MLS
> 
> Well we are doing our 5-day sale next week. We are skipping the ineffective news paper ads and going with the flat fee MLS from owners.com. They tried to tell me they wouldn't do it for 1% buyers broker fee but I pushed back at them and they agreed to list at 1%. They are saying no realators will even look at it unless you do 2%. My position is to give 1% fee and 1% discount for no agent. If the broker wants any more it will be added to the final bid.
> 
> I have had a sign out and received a few calls from agents and they seemed to understand the highest bidder and one said they were coming to the open house. I already have one real buyer who is a neighbor wanting to pay cash for a house for their granddaughter.
> 
> Kyle
> Sent from my Verizon Wireless BlackBerry
> 
> _______________________________________________
> 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 charles.jackson2 at yahoo.com  Fri May 29 15:32:29 2009
From: charles.jackson2 at yahoo.com (Charles Jackson)
Date: Fri, 29 May 2009 12:32:29 -0700 (PDT)
Subject: [5-DayForum] Full Disclosure?
Message-ID: <425099.98157.qm@web45807.mail.sp1.yahoo.com>

Hello,
?
I am about to conduct a?5 Day Sale in Baltimore on June 6-7th and the book states to always have full disclosure. At what point do you disclose potential problems? and to whom do you disclose these possible issues to...
?
*All bidders?
*Top 3 bidders?
*Final Buyer before going to contract?
?
?


      
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From jcrafor at hotmail.com  Fri May 29 17:41:01 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 29 May 2009 21:41:01 +0000
Subject: [5-DayForum] Full Disclosure?
In-Reply-To: <425099.98157.qm@web45807.mail.sp1.yahoo.com>
References: <425099.98157.qm@web45807.mail.sp1.yahoo.com>
Message-ID: <SNT116-W948232146EFA723BA6213AE510@phx.gbl>


When I had my sale, I had my full inspection report out, and 3 copies of the suggested repairs /potential problems, along with a list of those items I did address.

I had a smaller disclosure sheet that said I was selling it AS IS, had a termite inspection, none were found, that it was in a military airport vicinity, that there was no sellers disclosure required unless agreed to (my state law, check yours), that everything I knew about it was already in view (which was true) to get all inspections, and left it at that.

 

Anything more would probably be addressed with the just buyer as you go through the paperwork. That's MY opinion.

JCrafor
 







I am about to conduct a 5 Day Sale in Baltimore on June 6-7th and the book states to always have full disclosure. At what point do you disclose potential problems? and to whom do you disclose these possible issues to...
 
*All bidders?
*Top 3 bidders?
*Final Buyer before going to contract?
 
 

_________________________________________________________________
Hotmail? goes with you. 
http://windowslive.com/Tutorial/Hotmail/Mobile?ocid=TXT_TAGLM_WL_HM_Tutorial_Mobile1_052009
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From jcrafor at hotmail.com  Fri May 29 18:36:14 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 29 May 2009 22:36:14 +0000
Subject: [5-DayForum] Owners.com/flat fee listing
In-Reply-To: <SNT116-W948232146EFA723BA6213AE510@phx.gbl>
References: <425099.98157.qm@web45807.mail.sp1.yahoo.com>
	<SNT116-W948232146EFA723BA6213AE510@phx.gbl>
Message-ID: <SNT116-W3044BD5BC0693008C2782BAE510@phx.gbl>



 

I just listed my home with a flat fee lister via Owners.com. That gets me a local MLS listing, and on Realtor.com and many others. 
Sadly, after I hit the send button on the last piece of paperwork for the deal, I saw the active ad, and HIS (mls lister)phone is on the ad, and it's a long distance number. 
I''ve tried to contact him to have mine put on--how many people are going to make a long distance call to get a local phone number? 

Does that mean pretty much only agents are going to contact me, right? How much of a problem is that going to be? 
oh, geeeee 
ANY words of comfort would be appreciated...

So, if you go with a flat fee lister, be sure that lister is local, or that you can get your phone number on it, too.

 

JCrafor

_________________________________________________________________
Hotmail? has ever-growing storage! Don?t worry about storage limits.
http://windowslive.com/Tutorial/Hotmail/Storage?ocid=TXT_TAGLM_WL_HM_Tutorial_Storage1_052009
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From rosemary_505 at hotmail.com  Fri May 29 18:38:16 2009
From: rosemary_505 at hotmail.com (Rosemary LaColla)
Date: Fri, 29 May 2009 18:38:16 -0400
Subject: [5-DayForum] Owners.com/flat fee listing
In-Reply-To: <SNT116-W3044BD5BC0693008C2782BAE510@phx.gbl>
References: <425099.98157.qm@web45807.mail.sp1.yahoo.com>
	<SNT116-W948232146EFA723BA6213AE510@phx.gbl> 
	<SNT116-W3044BD5BC0693008C2782BAE510@phx.gbl>
Message-ID: <BAY138-W6AA55CD190323070412FCAC510@phx.gbl>


Can you cancel it?
 


From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Fri, 29 May 2009 22:36:14 +0000
Subject: [5-DayForum] Owners.com/flat fee listing




 
I just listed my home with a flat fee lister via Owners.com. That gets me a local MLS listing, and on Realtor.com and many others. 
Sadly, after I hit the send button on the last piece of paperwork for the deal, I saw the active ad, and HIS (mls lister)phone is on the ad, and it's a long distance number. 
I''ve tried to contact him to have mine put on--how many people are going to make a long distance call to get a local phone number? 
Does that mean pretty much only agents are going to contact me, right? How much of a problem is that going to be? 
oh, geeeee 
ANY words of comfort would be appreciated...
So, if you go with a flat fee lister, be sure that lister is local, or that you can get your phone number on it, too.
 
JCrafor



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From jcrafor at hotmail.com  Fri May 29 19:59:47 2009
From: jcrafor at hotmail.com (j crafor)
Date: Fri, 29 May 2009 23:59:47 +0000
Subject: [5-DayForum] Owners.com/flat fee listing
In-Reply-To: <BAY138-W6AA55CD190323070412FCAC510@phx.gbl>
References: <425099.98157.qm@web45807.mail.sp1.yahoo.com>
	<SNT116-W948232146EFA723BA6213AE510@phx.gbl> 
	<SNT116-W3044BD5BC0693008C2782BAE510@phx.gbl> 
	<BAY138-W6AA55CD190323070412FCAC510@phx.gbl>
Message-ID: <SNT116-W4764DCE1B4175A55FED6FEAE510@phx.gbl>


I will if I don't lose my 400 bucks! I'm waiting for a call from the Owners.com site now. 
 The rep hasn't called back yet, but I have his managers number. Maybe I'll give that a call if I don't hear soon. 


From: rosemary_505 at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Fri, 29 May 2009 18:38:16 -0400
Subject: Re: [5-DayForum] Owners.com/flat fee listing



Can you cancel it?
 


From: jcrafor at hotmail.com
To: 5-dayforum at mailman.howtosellyourhomein5days.com
Date: Fri, 29 May 2009 22:36:14 +0000
Subject: [5-DayForum] Owners.com/flat fee listing




 
I just listed my home with a flat fee lister via Owners.com. That gets me a local MLS listing, and on Realtor.com and many others. 
Sadly, after I hit the send button on the last piece of paperwork for the deal, I saw the active ad, and HIS (mls lister)phone is on the ad, and it's a long distance number. 
I''ve tried to contact him to have mine put on--how many people are going to make a long distance call to get a local phone number? 
Does that mean pretty much only agents are going to contact me, right? How much of a problem is that going to be? 
oh, geeeee 
ANY words of comfort would be appreciated...
So, if you go with a flat fee lister, be sure that lister is local, or that you can get your phone number on it, too.
 
JCrafor



Hotmail? has ever-growing storage! Don?t worry about storage limits. Check it out.


Hotmail? has a new way to see what's up with your friends. Check it out.
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From ggreier at hughes.net  Fri May 29 22:06:33 2009
From: ggreier at hughes.net (Gary Greier)
Date: Fri, 29 May 2009 22:06:33 -0400
Subject: [5-DayForum] Results of 5 day sale
Message-ID: <000001c9e0cb$47505640$d5f102c0$@net>

We have prepared everything for the 5 day sale this weekend. We followed the
book to the letter and placed the ad exactly as shown in all kinds of media
like the internet and local and major newspapers. This cost us $1000.00.
Also made some flyers with the same ad and stapled to telephone poles and
bulletin boards. This was all done on Wednesday morning and now it is Friday
night at 10PM. How many calls do you think we got? Here it is......ZERO!!
I mean nothing. The only calls we got were 2 calls. One was of course was an
agent wanting to sell our house  and the other was some one from the Chinese
community wanting me to advertise in their paper. That's it. They say this
ad works. I am proof that it does not. We advertised the price 1/3 of what
we thought our house was worth. The internet ads got 200 visits. No one
called their either. Even people we know checked out the ad and all said
that it sounds fishy and that there is a catch. Since we had zero replies,
it is not worth persuing this method again. This time it's going to be
"PropertyGuys.com" private sale. Sorry for the disappointing news everyone.

 

Gary

Manilla,Ont 

 

 

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From jcrafor at hotmail.com  Fri May 29 23:26:24 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 30 May 2009 03:26:24 +0000
Subject: [5-DayForum] Results of 5 day sale
In-Reply-To: <000001c9e0cb$47505640$d5f102c0$@net>
References: <000001c9e0cb$47505640$d5f102c0$@net>
Message-ID: <SNT116-W63275695C7A5D2E46CD3F9AE4E0@phx.gbl>



 So sorry to hear of your really disappointing results. 

Mine were similar. I have it listed now on Craigslist, (no responses so far) and today, Owners.com, a local flat fee MLS lister, and Realtor.com, and their associated sites. I put a keysafe on the house, too. One agent already showed it, another is going to preview it Tuesday. 

JCrafor


From: ggreier at hughes.net


We have prepared everything for the 5 day sale this weekend. We followed the book to the letter ... How many calls do you think we got? Here it is??????ZERO!!     ...Since we had zero replies, it is not worth persuing this method again. This time it?s going to be ?PropertyGuys.com? private sale. Sorry for the disappointing news everyone.
 
Gary
Manilla,Ont 
 
 
_________________________________________________________________
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From kylf522 at yahoo.com  Sat May 30 12:34:28 2009
From: kylf522 at yahoo.com (Kyle)
Date: Sat, 30 May 2009 16:34:28 +0000
Subject: [5-DayForum] MLS
Message-ID: <962331367-1243701241-cardhu_decombobulator_blackberry.rim.net-2104063822-@bxe1195.bisx.prod.on.blackberry>

Unfortunately the whole MLS system is about protecting the broker, but I got on there so that I will be on all the websites.  The realtors call the flat fee broker who gives them my number. The MLS has a lot of rules that are counterproductive to the 5-day method but that is what I am choosing to deal with because I want the extra exposure in addition to the free sites. My sign is still out front with my number so people who see my listing on yahoo and drive by can call for details and they will call because pricing the house at half of what it is worth is a really good deal. I now have 2 real buyers coming to my sale scheduled for next weekend. 

Kyle
Sent from my Verizon Wireless BlackBerry


From tgarter at comcast.net  Sat May 30 13:03:05 2009
From: tgarter at comcast.net (tgarter at comcast.net)
Date: Sat, 30 May 2009 17:03:05 +0000 (UTC)
Subject: [5-DayForum] Why was 5 Day Method you first Choice ?
In-Reply-To: <000001c9e0cb$47505640$d5f102c0$@net>
Message-ID: <564647025.7513941243702985200.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>

Gary, 
Why do you have so much confidence in the website your repeatedly mentioned when it must have been your second choice to the 5 Day Method ? 
Sincerely, 
Tom Garter 
Successful Seller using the 5 Day Method May 18 
----- Original Message ----- 
From: "Gary Greier" <ggreier at hughes.net> 
To: 5-dayforum at mailman.howtosellyourhomein5days.com 
Sent: Friday, May 29, 2009 10:06:33 PM GMT -05:00 US/Canada Eastern 
Subject: [5-DayForum] Results of 5 day sale 




We have prepared everything for the 5 day sale this weekend. We followed the book to the letter and placed the ad exactly as shown in all kinds of media like the internet and local and major newspapers. This cost us $1000.00. Also made some flyers with the same ad and stapled to telephone poles and bulletin boards. This was all done on Wednesday morning and now it is Friday night at 10PM. How many calls do you think we got? Here it is??????ZERO!! I mean nothing. The only calls we got were 2 calls. One was of course was an agent wanting to sell our house and the other was some one from the Chinese community wanting me to advertise in their paper. That?s it. They say this ad works. I am proof that it does not. We advertised the price 1/3 of what we thought our house was worth. The internet ads got 200 visits. No one called their either. Even people we know checked out the ad and all said that it sounds fishy and that there is a catch. Since we had zero replies, it is not worth persuing this method again. This time it?s going to be ?PropertyGuys.com? private sale. Sorry for the disappointing news everyone. 



Gary 

Manilla,Ont 




_______________________________________________ 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 May 30 13:17:45 2009
From: jcrafor at hotmail.com (j crafor)
Date: Sat, 30 May 2009 17:17:45 +0000
Subject: [5-DayForum] MLS
In-Reply-To: <962331367-1243701241-cardhu_decombobulator_blackberry.rim.net-2104063822-@bxe1195.bisx.prod.on.blackberry>
References: <962331367-1243701241-cardhu_decombobulator_blackberry.rim.net-2104063822-@bxe1195.bisx.prod.on.blackberry>
Message-ID: <SNT116-W36877CEF7CECFE7CC3ABB5AE4E0@phx.gbl>


Thanks. I guess I'm coming to that conclusion, too. I got a little upset about that...

 

I guess someone who is interested will make that call. The address is on the MLS ad, as well as Graigslist and the local byowner site. 

There is a sign in front with phone number to call.

 

I have a keysafe on it so agents can show it. When they call me for the code, I can check their state license to be sure they're really agents, before giving the code. That's a definite advantage, and I'm close enough so that if a person calls, I can go show it right then, usually.

Thanks for your response and the comforting words.

JCrafor
 
> To: 5-dayforum at howtosellyourhomein5days.com
> From: kylf522 at yahoo.com
> Date: Sat, 30 May 2009 16:34:28 +0000
> Subject: [5-DayForum] MLS
> 
> Unfortunately the whole MLS system is about protecting the broker, but I got on there so that I will be on all the websites. The realtors call the flat fee broker who gives them my number. The MLS has a lot of rules that are counterproductive to the 5-day method but that is what I am choosing to deal with because I want the extra exposure in addition to the free sites. My sign is still out front with my number so people who see my listing on yahoo and drive by can call for details and they will call because pricing the house at half of what it is worth is a really good deal. I now have 2 real buyers coming to my sale scheduled for next weekend. 
> 
> Kyle
> Sent from my Verizon Wireless BlackBerry
> 
> _______________________________________________
> 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  Sat May 30 13:42:25 2009
From: tomhoffman at live.com (Tom Hoffman)
Date: Sat, 30 May 2009 11:42:25 -0600
Subject: [5-DayForum] MLS
In-Reply-To: <962331367-1243701241-cardhu_decombobulator_blackberry.rim.net-2104063822-@bxe1195.bisx.prod.on.blackberry>
References: <962331367-1243701241-cardhu_decombobulator_blackberry.rim.net-2104063822-@bxe1195.bisx.prod.on.blackberry>
Message-ID: <BLU135-W271B14941E6DE21199F169B04E0@phx.gbl>


Thanks Kyle for your input. I have been on this forum a long time and have done many five day sales in several different states and not once, even having been and am a Realtor(16+ years), placed a 5 day sale in the mls. Realtors don't get buyers from the MLS, they get buyers from marketing, marketing and marketing. The MLS is for Brokers  to share property information and use the information to take their buyers who they got through marketing to those properties. If you want Brokers to bring their buyers then you need to figure out a way to pay them. I would not call a plumber or carpenter or painter and ask to borrow their tools nor would I ask to rent their tools. One more short lesson in reality, I as a Realtor, would not take my buyer to a FSBO unless they specifically asked because 1. I end up doing twice the work for half the pay because.... I am involved in the transaction the seller thinks the Realtor should handle the whole transaction and all of the liability. Some errors and omissions policiies have limitation on FSBO's 2.It has been my experience that FSBO's often have something to hide. There have been several writers on this forum asking when should the seller disclose defects or if they should disclose. There are other reasons and experiences I could share but the forum isn't long enough.

OK. Now how do I or would I market to Realtors. I would save the money on the mls and make flyers or personal invitations to the Realtors within a 10 mile radius of the property.

I would inform the Realtors of the bidding method and let them know all bids are evaluated on a net to the seller basis and that you would be happy to ad their fees to the final bid if their client is the highest bidder. It sounds like you are doing the internet, I do a great deal of marketing with POSTLETs and they distribute to many of the other sites. The last tip is to get laser specific about what the buyer for your property will look like. Age, education, income,habits, hobbies etc and direct your marketing and flyers specifically to them. The time you spend brainstorming about what the buyer or buyers look like will pay big dividend at sale time.

Good luck,

Tom Hoffman- Broker/Owner

Top Priority Realty,LLC

Licensed in Colorado


 
> To: 5-dayforum at howtosellyourhomein5days.com
> From: kylf522 at yahoo.com
> Date: Sat, 30 May 2009 16:34:28 +0000
> Subject: [5-DayForum] MLS
> 
> Unfortunately the whole MLS system is about protecting the broker, but I got on there so that I will be on all the websites. The realtors call the flat fee broker who gives them my number. The MLS has a lot of rules that are counterproductive to the 5-day method but that is what I am choosing to deal with because I want the extra exposure in addition to the free sites. My sign is still out front with my number so people who see my listing on yahoo and drive by can call for details and they will call because pricing the house at half of what it is worth is a really good deal. I now have 2 real buyers coming to my sale scheduled for next weekend. 
> 
> Kyle
> Sent from my Verizon Wireless BlackBerry
> 
> _______________________________________________
> 5-DayForum mailing list
> 5-DayForum at mailman.howtosellyourhomein5days.com
> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum

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From bvgore at insightbb.com  Sun May 31 08:45:38 2009
From: bvgore at insightbb.com (bvgore)
Date: Sun, 31 May 2009 08:45:38 -0400
Subject: [5-DayForum] Why was 5 Day Method you first Choice ?
References: <564647025.7513941243702985200.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
Message-ID: <E00EC98AD497450E971AB91981064BBA@Main>

ZERO??? My phone hasn't stopped ringing and we were steady at our showing yesterday. I think it's going to be a zoo today because more than half are coming back.

I am finding it hard to believe that Gary got no response with 200 hits on a web page. 

Gary, maybe if you posted your ads here, we could get some idea of why this happened. I'd like to see the ad you ran - or maybe you could send a link???
  ----- Original Message ----- 
  From: tgarter at comcast.net 
  To: How To Sell Your Home in 5-Days 
  Sent: Saturday, May 30, 2009 1:03 PM
  Subject: [5-DayForum] Why was 5 Day Method you first Choice ?


  Gary,
  Why do you have so much confidence in the website your repeatedly mentioned when it must have been your second choice to the 5 Day Method ?
  Sincerely,
  Tom Garter
  Successful Seller using the 5 Day Method May 18 
  ----- Original Message -----
  From: "Gary Greier" <ggreier at hughes.net>
  To: 5-dayforum at mailman.howtosellyourhomein5days.com
  Sent: Friday, May 29, 2009 10:06:33 PM GMT -05:00 US/Canada Eastern
  Subject: [5-DayForum] Results of 5 day sale


  We have prepared everything for the 5 day sale this weekend. We followed the book to the letter and placed the ad exactly as shown in all kinds of media like the internet and local and major newspapers. This cost us $1000.00. Also made some flyers with the same ad and stapled to telephone poles and bulletin boards. This was all done on Wednesday morning and now it is Friday night at 10PM. How many calls do you think we got? Here it is??????ZERO!!       I mean nothing. The only calls we got were 2 calls. One was of course was an agent wanting to sell our house  and the other was some one from the Chinese community wanting me to advertise in their paper. That?s it. They say this ad works. I am proof that it does not. We advertised the price 1/3 of what we thought our house was worth. The internet ads got 200 visits. No one called their either. Even people we know checked out the ad and all said that it sounds fishy and that there is a catch. Since we had zero replies, it is not worth persuing this method again. This time it?s going to be ?PropertyGuys.com? private sale. Sorry for the disappointing news everyone.



  Gary

  Manilla,Ont 






  _______________________________________________ 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 May 31 09:09:44 2009
From: bill at effros.com (Bill Effros)
Date: Sun, 31 May 2009 08:09:44 -0500
Subject: [5-DayForum] Why was 5 Day Method you first Choice ?
References: <564647025.7513941243702985200.JavaMail.root@sz0064a.emeryville.ca.mail.comcast.net>
	<E00EC98AD497450E971AB91981064BBA@Main>
Message-ID: <4745979925624F86A3824BB9F5FE98B1@BillLENOVO>

Gary thinks his home is worth more than anyone will pay for it.

That's what the 5-Day method lets you know.  Very quickly.

That's how it works.

You can't fool the market.

Bill Effros
Author
  ----- Original Message ----- 
  From: bvgore 
  To: How To Sell Your Home in 5-Days 
  Sent: Sunday, May 31, 2009 7:45 AM
  Subject: Re: [5-DayForum] Why was 5 Day Method you first Choice ?


  ZERO??? My phone hasn't stopped ringing and we were steady at our showing yesterday. I think it's going to be a zoo today because more than half are coming back.

  I am finding it hard to believe that Gary got no response with 200 hits on a web page. 

  Gary, maybe if you posted your ads here, we could get some idea of why this happened. I'd like to see the ad you ran - or maybe you could send a link???
    ----- Original Message ----- 
    From: tgarter at comcast.net 
    To: How To Sell Your Home in 5-Days 
    Sent: Saturday, May 30, 2009 1:03 PM
    Subject: [5-DayForum] Why was 5 Day Method you first Choice ?


    Gary,
    Why do you have so much confidence in the website your repeatedly mentioned when it must have been your second choice to the 5 Day Method ?
    Sincerely,
    Tom Garter
    Successful Seller using the 5 Day Method May 18 
    ----- Original Message -----
    From: "Gary Greier" <ggreier at hughes.net>
    To: 5-dayforum at mailman.howtosellyourhomein5days.com
    Sent: Friday, May 29, 2009 10:06:33 PM GMT -05:00 US/Canada Eastern
    Subject: [5-DayForum] Results of 5 day sale


    We have prepared everything for the 5 day sale this weekend. We followed the book to the letter and placed the ad exactly as shown in all kinds of media like the internet and local and major newspapers. This cost us $1000.00. Also made some flyers with the same ad and stapled to telephone poles and bulletin boards. This was all done on Wednesday morning and now it is Friday night at 10PM. How many calls do you think we got? Here it is??????ZERO!!       I mean nothing. The only calls we got were 2 calls. One was of course was an agent wanting to sell our house  and the other was some one from the Chinese community wanting me to advertise in their paper. That?s it. They say this ad works. I am proof that it does not. We advertised the price 1/3 of what we thought our house was worth. The internet ads got 200 visits. No one called their either. Even people we know checked out the ad and all said that it sounds fishy and that there is a catch. Since we had zero replies, it is not worth persuing this method again. This time it?s going to be ?PropertyGuys.com? private sale. Sorry for the disappointing news everyone.



    Gary

    Manilla,Ont 






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


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From ggreier at hughes.net  Sun May 31 20:11:42 2009
From: ggreier at hughes.net (Gary Greier)
Date: Sun, 31 May 2009 20:11:42 -0400
Subject: [5-DayForum] Re 5 day sale results(my first choice?)
Message-ID: <000001c9e24d$9257da40$b7078ec0$@net>

Hi Tom, It wasn't that using a website was my first choice but it was a
backup plan incase the 5 day method did  not work for me. People up here in
Ontario looked at the ad different. They see something unusual and then they
run off. Bill Effros said I probably priced my house too high and that I
can't fool the market. Yes, you can't fool the market I agree. However
having the most valuable house in the neighborhood, I even priced it way
below everyone else's. I did indeed price it 1/3 the price to which I
thought it was worth. Bill also said you cannot price it too low, so I did
that. I did get a call later from concerned neighbors who figured out the ad
was mine and they were complaining that I would be driving the value of
their house down by pricing mine so low. So no, I did not price it too high.
I still do believe in the 5 day method but this isn't something that
Canadians are familiar with so they go on to something they feel safer with.
Maybe it only works in known areas as my town is very small and is not known
to many. I hope to try this again on another house in the city. 

 

 

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