From myfivedaysale at gmail.com Wed Nov 4 14:06:59 2009 From: myfivedaysale at gmail.com (myfive daysale) Date: Wed, 4 Nov 2009 13:06:59 -0600 Subject: [5-DayForum] Thanksgiving and Inspection Report Message-ID: <8cbc7d760911041106q729fbefn527c0fdc82e29e0e@mail.gmail.com> Hi everyone I am going to sell my house using the 5 day method and was wondering Bill about running the sale the week before Thanksgiving. Is this a good idea, should I wait until the week after? The other question I had was about the inspection report, I have had an inspection done within the last 2.5 - 3 years and I fixed everything on the list except the windows, can I show them this report or do I need another inspection done? Thanks Dave -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091104/fb8b6249/attachment.html From susan at energyparenting.com Sun Nov 1 14:43:01 2009 From: susan at energyparenting.com (Susan McLeod) Date: Sun, 1 Nov 2009 12:43:01 -0700 Subject: [5-DayForum] Mortgage Payoff vs. Starting Price Message-ID: <41f89f610911011143w3cd9eb17y5af4046b7a3fe97d@mail.gmail.com> Hello 5-Dayers: According to the formula, I will be using a starting price bid of $134,500. I owe the bank $221,000. I don't see this addressed so far in the book. Any enlightenment is greatly appreciated. I am planning the sale for Nov. 11-15. With thanks, Susan -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091101/a73ce0bf/attachment.html From Andy.Klee at ERPtips.com Wed Nov 4 14:18:23 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Wed, 4 Nov 2009 12:18:23 -0700 Subject: [5-DayForum] Mortgage Payoff vs. Starting Price In-Reply-To: <41f89f610911011143w3cd9eb17y5af4046b7a3fe97d@mail.gmail.com> Message-ID: You'll get what the market will bear. If you aren't willing to sell it below $221,000 then you should probably tell people there is an undisclosed reserve price. -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Susan McLeod Sent: Sunday, November 01, 2009 12:43 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] Mortgage Payoff vs. Starting Price Hello 5-Dayers: According to the formula, I will be using a starting price bid of $134,500. I owe the bank $221,000. I don't see this addressed so far in the book. Any enlightenment is greatly appreciated. I am planning the sale for Nov. 11-15. With thanks, Susan -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091104/21375309/attachment.html From borah at windstream.net Wed Nov 4 14:32:36 2009 From: borah at windstream.net (Borahs) Date: Wed, 4 Nov 2009 14:32:36 -0500 Subject: [5-DayForum] Nov 7th and 8th Message-ID: <011601ca5d85$90d78f40$b286adc0$@net> Hello everyone, Today is the 1st day of our 5 day sale!!! Ads are in 9 local papers, advertised on 11 free internet sites (will find more this week) 300 postcards out to local homeowners and pull tab flyer in as many business in area as possible!! I am a Realtor and helping a family who requested to do the 5 day sale!! We are excited and nervous about this weekend! Our checklist is almost complete now we are ready for the bids!! Has anyone used the 5 day sale in the Atlanta area?? Please send us as many suggestions as possible.. Will keep everyone posted Starting bid is $399,500 selling November 8th to the highest bidder!!! https://accounts.craigslist.org/post/shwpst?pii=1451128268 &db=lv http://atlanta.kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDDE R-NOVEMBER-8TH-STARTING-BID-399-500-W0QQAdIdZ166583074 Thanks for your time Mark and Catherine Borah Georgia Realty Source -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091104/42b5b191/attachment.html From trialpha74 at gmail.com Wed Nov 4 16:13:17 2009 From: trialpha74 at gmail.com (Aaron Anderson) Date: Wed, 4 Nov 2009 16:13:17 -0500 Subject: [5-DayForum] Mortgage Payoff vs. Starting Price In-Reply-To: References: <41f89f610911011143w3cd9eb17y5af4046b7a3fe97d@mail.gmail.com> Message-ID: You are not legally bound to take the price of the highest bidder. If you do not cover enough to cover the current lein on the property you do not need to accept it. Just tell you bidders that the high bid would not cover the current mortgage. Just make sure that it is noted in your literature that "neither the seller nor the buyer is bound by the bid untill a purchase & sale agreement is signed. On Wed, Nov 4, 2009 at 2:18 PM, Andy Klee wrote: > You'll get what the market will bear. If you aren't willing to sell it > below $221,000 then you should probably tell people there is an undisclosed > reserve price. > > -----Original Message----- > *From:* 5-dayforum-bounces+andy.klee=erptips.com@ > mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee<5-dayforum-bounces%2Bandy.klee> > =erptips.com at mailman.howtosellyourhomein5days.com]*On Behalf Of *Susan > McLeod > *Sent:* Sunday, November 01, 2009 12:43 PM > *To:* 5-dayforum at mailman.howtosellyourhomein5days.com > *Subject:* [5-DayForum] Mortgage Payoff vs. Starting Price > > Hello 5-Dayers: > > According to the formula, I will be using a starting price bid of $134,500. > > I owe the bank $221,000. > > I don't see this addressed so far in the book. Any enlightenment is greatly > appreciated. > > I am planning the sale for Nov. 11-15. > > With thanks, > Susan > > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091104/ae771b24/attachment.html From Janetislight at aol.com Wed Nov 4 16:26:10 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Wed, 4 Nov 2009 16:26:10 EST Subject: [5-DayForum] Thanksgiving and Inspection Report Message-ID: You will need a new inspection and I would either hold the sale now, or wait until after Christmas. This isn't a good time really... sorry. Janet In a message dated 11/4/2009 1:09:58 P.M. Central Standard Time, myfivedaysale at gmail.com writes: Hi everyone I am going to sell my house using the 5 day method and was wondering Bill about running the sale the week before Thanksgiving. Is this a good idea, should I wait until the week after? The other question I had was about the inspection report, I have had an inspection done within the last 2.5 - 3 years and I fixed everything on the list except the windows, can I show them this report or do I need another inspection done? Thanks Dave _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091104/e8a5f6c8/attachment.html From Janetislight at aol.com Wed Nov 4 17:07:00 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Wed, 4 Nov 2009 17:07:00 EST Subject: [5-DayForum] Contact, communicate with other members Message-ID: Start asking! Janet In a message dated 11/4/2009 1:10:26 P.M. Central Standard Time, louisclodi at yahoo.com writes: To Whom It May Concern: I would like to be able to comminicate with others with questions I have before I get started on the 5-Day Sale Process. Can you please advise. Louis _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091104/08bcd832/attachment.html From shannalarose at gmail.com Wed Nov 4 20:57:22 2009 From: shannalarose at gmail.com (Shanna Ramon) Date: Wed, 4 Nov 2009 19:57:22 -0600 Subject: [5-DayForum] Houses on the low end of the price scale Message-ID: Would this sale work if the 50% ad price would be as low as 39,500? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091104/a67547a1/attachment.html From Janetislight at aol.com Thu Nov 5 09:27:22 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Thu, 5 Nov 2009 09:27:22 EST Subject: [5-DayForum] Houses on the low end of the price scale Message-ID: I would think it would work even better as there is less difference between your opening price and your desired price. Janet In a message dated 11/5/2009 1:39:48 A.M. Central Standard Time, shannalarose at gmail.com writes: Would this sale work if the 50% ad price would be as low as 39,500? _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/30581ecf/attachment.html From bill at effros.com Thu Nov 5 09:40:23 2009 From: bill at effros.com (Bill Effros) Date: Thu, 05 Nov 2009 09:40:23 -0500 Subject: [5-DayForum] Houses on the low end of the price scale In-Reply-To: References: Message-ID: <4AF2E3D7.9000109@effros.com> Start at $24,500. If your home is worth $80,000 you'll get it. If it isn't, you won't. You will surely get 25 responses by Friday night, but you won't get the highest possible bid if you start weaseling about whether or not you will sell to the high bidder. Decide in advance if you are really prepared to sell your home for what you can get. If not, don't use the 5-Day Method, and don't alter the 5-Day Method in such a way that it will surely lower the final bid. This is a particularly bad time of year in a particularly bad year to sell a home. I would not run this sale until next year, unless you absolutely must. Then, I would run it on the weekend between the last NFL playoff game, and the Super Bowl. You will get the most you can possibly get for that home if you run your sale on that weekend, starting at $24,500. Until then, do everything you can think of to sell it for $80,000. If you can come up with anything near that number, take it! If not, even if the best offer you get is more like $65,000, run the 5-Day Sale starting at $24,500, let everyone know your home will be sold Sunday night for whatever the high bid turns out to be, and you will get the most you can possibly get, firm in the knowledge that no one is willing to pay $80,000 in the current market at the current time. Bill Effros Author Janetislight at aol.com wrote: > I would think it would work even better as there is less difference > between your opening price and your desired price. > > Janet > > In a message dated 11/5/2009 1:39:48 A.M. Central Standard Time, > shannalarose at gmail.com writes: > > Would this sale work if the 50% ad price would be as low as 39,500? > > _______________________________________________ > 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 > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/7907f96d/attachment.html From louisclodi at yahoo.com Thu Nov 5 19:17:22 2009 From: louisclodi at yahoo.com (louis lodi) Date: Thu, 5 Nov 2009 16:17:22 -0800 (PST) Subject: [5-DayForum] Mortgage Payoff vs. Starting Price In-Reply-To: <41f89f610911011143w3cd9eb17y5af4046b7a3fe97d@mail.gmail.com> Message-ID: <875447.11244.qm@web110810.mail.gq1.yahoo.com> ? ???? Hi Susan ? ???? Louis here. It seems to me Mr. Effors stated that you really can't go too low in your beginning asking price, because the market will bring it back up AND that if you don't get AT LEAST 25 calls by Friday evening?(either because your come-in price is too high OR you didn't advertise properly), to call off the sale and set it for another weekend. Be sure not to do the sale too close to the Holidays like youre doing, OR on any 3 day weekend.?It may not be such a great idea, but rather wait till after the first of the year at least. I would. ? ???? Louis --- On Sun, 11/1/09, Susan McLeod wrote: From: Susan McLeod Subject: [5-DayForum] Mortgage Payoff vs. Starting Price To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Sunday, November 1, 2009, 11:43 AM Hello 5-Dayers: ? According to the formula, I will be using a starting price bid of $134,500. ? I owe the bank $221,000. ? I don't see this addressed so far in the book. Any enlightenment is greatly appreciated. ? I am planning the sale for Nov. 11-15. ? With thanks, Susan -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/7f16c563/attachment.html From louisclodi at yahoo.com Thu Nov 5 19:27:32 2009 From: louisclodi at yahoo.com (louis lodi) Date: Thu, 5 Nov 2009 16:27:32 -0800 (PST) Subject: [5-DayForum] Houses on the low end of the price scale In-Reply-To: <4AF2E3D7.9000109@effros.com> Message-ID: <513222.7542.qm@web110812.mail.gq1.yahoo.com> ? ???? Hi Mr. Effros: ? ???? I agree whole heartedly with your opinion about selling at this particular time of year and this particular year, but why between the last NFL game and the Superbowl (why THAT weekend); why not just wait till February, March or April? ? ??? Also, how does the 5-Day sale work with apartments that have tenants in them; how do you accomplish this without stirring the tenants and making them nervous? ? ???? Louis --- On Thu, 11/5/09, Bill Effros wrote: From: Bill Effros Subject: Re: [5-DayForum] Houses on the low end of the price scale To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Thursday, November 5, 2009, 6:40 AM Start at $24,500.? If your home is worth $80,000 you'll get it.? If it isn't, you won't.? You will surely get 25 responses by Friday night, but you won't get the highest possible bid if you start weaseling about whether or not you will sell to the high bidder. Decide in advance if you are really prepared to sell your home for what you can get.? If not, don't use the 5-Day Method, and don't alter the 5-Day Method in such a way that it will surely lower the final bid. This is a particularly bad time of year in a particularly bad year to sell a home.? I would not run this sale until next year, unless you absolutely must.? Then, I would run it on the weekend between the last NFL playoff game, and the Super Bowl.? You will get the most you can possibly get for that home if you run your sale on that weekend, starting at $24,500. Until then, do everything you can think of to sell it for $80,000.? If you can come up with anything near that number, take it!? If not, even if the best offer you get is more like $65,000, run the 5-Day Sale starting at $24,500, let everyone know your home will be sold Sunday night for whatever the high bid turns out to be, and you will get the most you can possibly get, firm in the knowledge that no one is willing to pay $80,000 in the current market at the current time. Bill Effros Author Janetislight at aol.com wrote: I would think it would work even better as there is less difference between your opening price and your desired price. ? Janet ? In a message dated 11/5/2009 1:39:48 A.M. Central Standard Time, shannalarose at gmail.com writes: Would this sale work if the 50% ad price would be as low as 39,500? _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/4aed9c0b/attachment.html From borah at windstream.net Thu Nov 5 19:41:17 2009 From: borah at windstream.net (Borahs) Date: Thu, 5 Nov 2009 19:41:17 -0500 Subject: [5-DayForum] Nov 7th and 8th In-Reply-To: <011601ca5d85$90d78f40$b286adc0$@net> References: <011601ca5d85$90d78f40$b286adc0$@net> Message-ID: <008e01ca5e79$da41f590$8ec5e0b0$@net> Hello Everyone, We have not had a great response from our advertising! We collected all the papers and know that the ads are live! I am very disappointed in the 5-day forum as I have watched this forum respond to a crazed man who was dropping the f-bomb and was rude to all of you, and I have not even got a "Good Luck" Is it because I'm a Realtor? My client asked me to do the 5-day sale with them!! I think it's a great concept. Looking forward to a great bid this weekend! From: 5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5 days.com] On Behalf Of Borahs Sent: Wednesday, November 04, 2009 2:33 PM To: 5-dayforum at howtosellyourhomein5days.com Subject: [5-DayForum] Nov 7th and 8th Hello everyone, Today is the 1st day of our 5 day sale!!! Ads are in 9 local papers, advertised on 11 free internet sites (will find more this week) 300 postcards out to local homeowners and pull tab flyer in as many business in area as possible!! I am a Realtor and helping a family who requested to do the 5 day sale!! We are excited and nervous about this weekend! Our checklist is almost complete now we are ready for the bids!! Has anyone used the 5 day sale in the Atlanta area?? Please send us as many suggestions as possible.. Will keep everyone posted Starting bid is $399,500 selling November 8th to the highest bidder!!! https://accounts.craigslist.org/post/shwpst?pii=1451128268 &db=lv http://atlanta.kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDDE R-NOVEMBER-8TH-STARTING-BID-399-500-W0QQAdIdZ166583074 Thanks for your time Mark and Catherine Borah Georgia Realty Source -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/42e3e519/attachment.html From trialpha74 at gmail.com Thu Nov 5 20:27:42 2009 From: trialpha74 at gmail.com (Aaron Anderson) Date: Thu, 5 Nov 2009 20:27:42 -0500 Subject: [5-DayForum] Nov 7th and 8th In-Reply-To: <008e01ca5e79$da41f590$8ec5e0b0$@net> References: <011601ca5d85$90d78f40$b286adc0$@net> <008e01ca5e79$da41f590$8ec5e0b0$@net> Message-ID: ...Well, Good luck. I am currious to see the results you get when it is over...please share your results when you are done. Namaste Aaron On Thu, Nov 5, 2009 at 7:41 PM, Borahs wrote: > Hello Everyone, > > We have not had a great response from our advertising! We collected all the > papers and know that the ads are live! > > > > I am very disappointed in the 5-day forum as I have watched this forum > respond to a crazed man who was dropping the f-bomb and was rude to all of > you, and I have not even got a ?Good Luck? > > Is it because I?m a Realtor? My client asked me to do the 5-day sale with > them!! I think it?s a great concept. > > > > Looking forward to a great bid this weekend! > > > > > > *From:* 5-dayforum-bounces+borah=windstream.net@ > mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah<5-dayforum-bounces%2Bborah> > =windstream.net at mailman.howtosellyourhomein5days.com] *On Behalf Of * > Borahs > *Sent:* Wednesday, November 04, 2009 2:33 PM > *To:* 5-dayforum at howtosellyourhomein5days.com > *Subject:* [5-DayForum] Nov 7th and 8th > > > > Hello everyone, > > > > Today is the 1st day of our 5 day sale!!! Ads are in 9 local papers, > advertised on 11 free internet sites (will find more this week) 300 > postcards out to local homeowners and pull tab flyer in as many business in > area as possible!! > > > > > > I am a Realtor and helping a family who requested to do the 5 day sale!! We > are excited and nervous about this weekend! Our checklist is almost > complete now we are ready for the bids!! Has anyone used the 5 day sale in > the Atlanta area?? > > > > Please send us as many suggestions as possible?. > > > > Will keep everyone posted > > > > Starting bid is $399,500 selling November 8th to the highest bidder!!! > > > > https://accounts.craigslist.org/post/shwpst?pii=1451128268&db=lv > > > http://atlanta.kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDDER-NOVEMBER-8TH-STARTING-BID-399-500-W0QQAdIdZ166583074 > > > > > > > > Thanks for your time > > Mark and Catherine Borah > > Georgia Realty Source > > > > > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/19030308/attachment.html From rosemarie-fred at mindspring.com Thu Nov 5 20:34:21 2009 From: rosemarie-fred at mindspring.com (rosemarie-fred) Date: Thu, 5 Nov 2009 20:34:21 -0500 Subject: [5-DayForum] Contact, communicate with other members References: <344618.79211.qm@web110807.mail.gq1.yahoo.com> Message-ID: <0CB6422ECDD544C6A547C6A602962FCB@rosemarifv6onv> You are in the right place! Ask away! ----- Original Message ----- From: louis lodi To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Friday, October 30, 2009 9:40 AM Subject: [5-DayForum] Contact, communicate with other members To Whom It May Concern: I would like to be able to comminicate with others with questions I have before I get started on the 5-Day Sale Process. Can you please advise. Louis ------------------------------------------------------------------------------ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/2867717e/attachment.html From rosemarie-fred at mindspring.com Thu Nov 5 20:43:09 2009 From: rosemarie-fred at mindspring.com (rosemarie-fred) Date: Thu, 5 Nov 2009 20:43:09 -0500 Subject: [5-DayForum] Mortgage Payoff vs. Starting Price References: <41f89f610911011143w3cd9eb17y5af4046b7a3fe97d@mail.gmail.com> Message-ID: We all hope that the high bid will be more than your mortgage amount. If so, you're doing fine. If not, you have a decision to make. Do you accept the high bid and come up with the difference? If, as Bill always says, your sale has determined the price someone is willing to pay for your house, then look at that. If it means you don't choose to sell it at that price, what are your other choices? You can offer the high bid amount to the lender in a short sale. You can hold off on the sale until the house prices rebound. You can do a lease purchase at a price of your choosing. You can rent it until you can do better. There are probably other ideas out there. However, my view is that while you are doing the sale it is really important that you have confidence in the method and get it into your head that you are going to sell your house for a good price. Your attitude will affect the sale. We have often seen people on here who write that they know this won't work but they are going to try it anyway, with lots of tweaks that they think will help them. It is easy to predict that they will fail. And blame the book! If you decide to use this method, go for it with full confidence, full steam ahead, with the sure knowledge that you will be successful. We will be here for you. Rosemarie (occasional seller) ----- Original Message ----- From: Susan McLeod To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Sunday, November 01, 2009 2:43 PM Subject: [5-DayForum] Mortgage Payoff vs. Starting Price Hello 5-Dayers: According to the formula, I will be using a starting price bid of $134,500. I owe the bank $221,000. I don't see this addressed so far in the book. Any enlightenment is greatly appreciated. I am planning the sale for Nov. 11-15. With thanks, Susan ------------------------------------------------------------------------------ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/6881da23/attachment.html From rosemarie-fred at mindspring.com Thu Nov 5 20:54:40 2009 From: rosemarie-fred at mindspring.com (rosemarie-fred) Date: Thu, 5 Nov 2009 20:54:40 -0500 Subject: [5-DayForum] Nov 7th and 8th References: <011601ca5d85$90d78f40$b286adc0$@net> <008e01ca5e79$da41f590$8ec5e0b0$@net> Message-ID: Sorry we have been unresponsive. There are lots of realtors on here - I think we were all distracted by life, certainly not giving you the cold shoulder on purpose! Certainly you get a Good Luck! Your lack of response may be because the price point is high enough that people think that's the actual value of the house. The idea of the low price is to get people to rush to get a bargain and then realize what a pearl they have discovered. $399,500 may not sound like a bargain. (This is just a guess on my part.) I ran an ad on Craig's list recently at $74,500 and go zero response, so you never know. There was a hugely successful sale a couple of months ago - check the archives and look at her ad. I do think that her success was largely due to her attitude, which you are also demonstrating here. So hang in there, and keep us in touch and maybe we'll do better! Rosemarie ----- Original Message ----- From: Borahs To: 'How To Sell Your Home in 5-Days' Sent: Thursday, November 05, 2009 7:41 PM Subject: Re: [5-DayForum] Nov 7th and 8th Hello Everyone, We have not had a great response from our advertising! We collected all the papers and know that the ads are live! I am very disappointed in the 5-day forum as I have watched this forum respond to a crazed man who was dropping the f-bomb and was rude to all of you, and I have not even got a "Good Luck" Is it because I'm a Realtor? My client asked me to do the 5-day sale with them!! I think it's a great concept. Looking forward to a great bid this weekend! From: 5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com] On Behalf Of Borahs Sent: Wednesday, November 04, 2009 2:33 PM To: 5-dayforum at howtosellyourhomein5days.com Subject: [5-DayForum] Nov 7th and 8th Hello everyone, Today is the 1st day of our 5 day sale!!! Ads are in 9 local papers, advertised on 11 free internet sites (will find more this week) 300 postcards out to local homeowners and pull tab flyer in as many business in area as possible!! I am a Realtor and helping a family who requested to do the 5 day sale!! We are excited and nervous about this weekend! Our checklist is almost complete now we are ready for the bids!! Has anyone used the 5 day sale in the Atlanta area?? Please send us as many suggestions as possible.. Will keep everyone posted Starting bid is $399,500 selling November 8th to the highest bidder!!! https://accounts.craigslist.org/post/shwpst?pii=1451128268&db=lv http://atlanta.kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDDER-NOVEMBER-8TH-STARTING-BID-399-500-W0QQAdIdZ166583074 Thanks for your time Mark and Catherine Borah Georgia Realty Source ------------------------------------------------------------------------------ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/2c94ee51/attachment.html From bill at effros.com Thu Nov 5 22:08:53 2009 From: bill at effros.com (Bill Effros) Date: Thu, 05 Nov 2009 22:08:53 -0500 Subject: [5-DayForum] Houses on the low end of the price scale In-Reply-To: <513222.7542.qm@web110812.mail.gq1.yahoo.com> References: <513222.7542.qm@web110812.mail.gq1.yahoo.com> Message-ID: <4AF39345.1050901@effros.com> Louis, That weekend is the best of the year for 5-Day Sales for reasons explained in the Archives. Other weekends are fine, but men will do anything their wives ask of them on that weekend to ensure peace the following weekend. Tenants can scuttle sales, and often do. Better to get them out first--this will cost you less than trying to dance around them. Bill Effros Author louis lodi wrote: > > Hi Mr. Effros: > > I agree whole heartedly with your opinion about selling at this > particular time of year and this particular year, but why between the > last NFL game and the Superbowl (why THAT weekend); why not just wait > till February, March or April? > > Also, how does the 5-Day sale work with apartments that have > tenants in them; how do you accomplish this without stirring the > tenants and making them nervous? > > Louis > > --- On *Thu, 11/5/09, Bill Effros //* wrote: > > > From: Bill Effros > Subject: Re: [5-DayForum] Houses on the low end of the price scale > To: "How To Sell Your Home in 5-Days" > <5-dayforum at mailman.howtosellyourhomein5days.com> > Date: Thursday, November 5, 2009, 6:40 AM > > Start at $24,500. If your home is worth $80,000 you'll get it. > If it isn't, you won't. You will surely get 25 responses by > Friday night, but you won't get the highest possible bid if you > start weaseling about whether or not you will sell to the high bidder. > > Decide in advance if you are really prepared to sell your home for > what you can get. If not, don't use the 5-Day Method, and don't > alter the 5-Day Method in such a way that it will surely lower the > final bid. > > This is a particularly bad time of year in a particularly bad year > to sell a home. I would not run this sale until next year, unless > you absolutely must. Then, I would run it on the weekend between > the last NFL playoff game, and the Super Bowl. You will get the > most you can possibly get for that home if you run your sale on > that weekend, starting at $24,500. > > Until then, do everything you can think of to sell it for > $80,000. If you can come up with anything near that number, take > it! If not, even if the best offer you get is more like $65,000, > run the 5-Day Sale starting at $24,500, let everyone know your > home will be sold Sunday night for whatever the high bid turns out > to be, and you will get the most you can possibly get, firm in the > knowledge that no one is willing to pay $80,000 in the current > market at the current time. > > Bill Effros > Author > > Janetislight at aol.com wrote: >> I would think it would work even better as there is less >> difference between your opening price and your desired price. >> >> Janet >> >> In a message dated 11/5/2009 1:39:48 A.M. Central Standard Time, >> shannalarose at gmail.com writes: >> >> Would this sale work if the 50% ad price would be as low as >> 39,500? >> >> _______________________________________________ >> 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 > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/d48256b0/attachment.html From louisclodi at yahoo.com Thu Nov 5 23:15:43 2009 From: louisclodi at yahoo.com (louis lodi) Date: Thu, 5 Nov 2009 20:15:43 -0800 (PST) Subject: [5-DayForum] Mortgage Payoff vs. Starting Price In-Reply-To: Message-ID: <34318.62042.qm@web110808.mail.gq1.yahoo.com> ? ???? Yeah Rosemarie: ? ???? I agree. People are always trying to re-invent wheels in territory never ventured almost as if they should have been the author?of the book.?It's really quite hillarious if you think about it.?One other reason for failure to look at?could also be that the seller has unrealistic expectations of what they?can get?over what the market can actually?bring them. I've seen this many times and then finally the seller winds up chasing the market backwards. In that scenario they in fact would be better off waiting around till the market rebounds. ? ???? Louis --- On Thu, 11/5/09, rosemarie-fred wrote: From: rosemarie-fred Subject: Re: [5-DayForum] Mortgage Payoff vs. Starting Price To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Thursday, November 5, 2009, 5:43 PM We all hope that the high bid will be more than your mortgage amount. If so, you're doing fine. ? If not, you have a decision to make. Do you accept the high bid and come up with the difference? If, as Bill always says, your sale has determined the price someone is willing to pay for your house, then look at that. If it means you?don't choose to?sell it at that price, what are your other choices? You can offer the high bid amount to the lender in a short sale. You can hold off on the sale until the house prices rebound. You can do a lease purchase at a price of your choosing. You can rent it until you can do better. There are probably other ideas out there. However, my view is that while you are doing the sale it is really important that you have confidence in the method and get it into your head that you are going to sell your house for a good price. Your attitude will affect the sale. We have often seen people on here who write that they know this won't work but they are going to try it anyway, with lots of tweaks that they think will help them.? It is easy to predict that they will fail. And blame the book! If you decide to use this method, go for it with full confidence, full steam ahead, with the sure knowledge that you will be successful. We will be here for you. Rosemarie (occasional seller) ----- Original Message ----- From: Susan McLeod To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Sunday, November 01, 2009 2:43 PM Subject: [5-DayForum] Mortgage Payoff vs. Starting Price Hello 5-Dayers: ? According to the formula, I will be using a starting price bid of $134,500. ? I owe the bank $221,000. ? I don't see this addressed so far in the book. Any enlightenment is greatly appreciated. ? I am planning the sale for Nov. 11-15. ? With thanks, Susan _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/7a571050/attachment.html From louisclodi at yahoo.com Thu Nov 5 23:17:26 2009 From: louisclodi at yahoo.com (louis lodi) Date: Thu, 5 Nov 2009 20:17:26 -0800 (PST) Subject: [5-DayForum] Houses on the low end of the price scale In-Reply-To: <4AF39345.1050901@effros.com> Message-ID: <568786.48100.qm@web110814.mail.gq1.yahoo.com> ? ???? Thank you for that insight Mr. Effros. ? ???? Louis --- On Thu, 11/5/09, Bill Effros wrote: From: Bill Effros Subject: Re: [5-DayForum] Houses on the low end of the price scale To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Thursday, November 5, 2009, 7:08 PM Louis, That weekend is the best of the year for 5-Day Sales for reasons explained in the Archives.? Other weekends are fine, but men will do anything their wives ask of them on that weekend to ensure peace the following weekend. Tenants can scuttle sales, and often do. Better to get them out first--this will cost you less than trying to dance around them. Bill Effros Author louis lodi wrote: ? ???? Hi Mr. Effros: ? ???? I agree whole heartedly with your opinion about selling at this particular time of year and this particular year, but why between the last NFL game and the Superbowl (why THAT weekend); why not just wait till February, March or April? ? ??? Also, how does the 5-Day sale work with apartments that have tenants in them; how do you accomplish this without stirring the tenants and making them nervous? ? ???? Louis --- On Thu, 11/5/09, Bill Effros wrote: From: Bill Effros Subject: Re: [5-DayForum] Houses on the low end of the price scale To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Thursday, November 5, 2009, 6:40 AM Start at $24,500.? If your home is worth $80,000 you'll get it.? If it isn't, you won't.? You will surely get 25 responses by Friday night, but you won't get the highest possible bid if you start weaseling about whether or not you will sell to the high bidder. Decide in advance if you are really prepared to sell your home for what you can get.? If not, don't use the 5-Day Method, and don't alter the 5-Day Method in such a way that it will surely lower the final bid. This is a particularly bad time of year in a particularly bad year to sell a home.? I would not run this sale until next year, unless you absolutely must.? Then, I would run it on the weekend between the last NFL playoff game, and the Super Bowl.? You will get the most you can possibly get for that home if you run your sale on that weekend, starting at $24,500. Until then, do everything you can think of to sell it for $80,000.? If you can come up with anything near that number, take it!? If not, even if the best offer you get is more like $65,000, run the 5-Day Sale starting at $24,500, let everyone know your home will be sold Sunday night for whatever the high bid turns out to be, and you will get the most you can possibly get, firm in the knowledge that no one is willing to pay $80,000 in the current market at the current time. Bill Effros Author Janetislight at aol.com wrote: I would think it would work even better as there is less difference between your opening price and your desired price. ? Janet ? In a message dated 11/5/2009 1:39:48 A.M. Central Standard Time, shannalarose at gmail.com writes: Would this sale work if the 50% ad price would be as low as 39,500? _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/8b0d10e5/attachment.html From louisclodi at yahoo.com Thu Nov 5 23:23:02 2009 From: louisclodi at yahoo.com (louis lodi) Date: Thu, 5 Nov 2009 20:23:02 -0800 (PST) Subject: [5-DayForum] Nov 7th and 8th In-Reply-To: <008e01ca5e79$da41f590$8ec5e0b0$@net> Message-ID: <266588.32226.qm@web110803.mail.gq1.yahoo.com> ? ???? Good Luck Borah's! ? ???? That wouldn't be Borahs from Glendale, (circa 1983, 1984) CA?would it? ? ???? Louis --- On Thu, 11/5/09, Borahs wrote: From: Borahs Subject: Re: [5-DayForum] Nov 7th and 8th To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Thursday, November 5, 2009, 4:41 PM Hello Everyone, We have not had a great response from our advertising! We collected all the papers and know that the ads are live! ? ?I am very disappointed in the 5-day forum as I have watched this forum respond to? a crazed man who was dropping the f-bomb and was ?rude to all of you, and I have not even got a ?Good Luck? Is it because I?m a Realtor? My client asked me to do the 5-day sale with them!! I think it?s a great concept. ? Looking forward to a great bid this weekend! ? ? From: 5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com] On Behalf Of Borahs Sent: Wednesday, November 04, 2009 2:33 PM To: 5-dayforum at howtosellyourhomein5days.com Subject: [5-DayForum] Nov 7th and 8th ? Hello everyone, ? Today is the 1st day of our 5 day sale!!! Ads are in 9 local papers, advertised on 11 free internet sites (will find more this week) 300 postcards out to local homeowners and pull tab flyer in as many business in area as possible!! ? ? I am a Realtor and helping a family who requested to do the 5 day sale!! We are excited and nervous about this weekend! ?Our checklist is almost complete now we are ready for the bids!! Has anyone used the 5 day sale in the Atlanta area?? ? Please send us as many suggestions as possible?. ? Will keep everyone posted ? Starting bid is $399,500 selling November 8th to the highest bidder!!! ? https://accounts.craigslist.org/post/shwpst?pii=1451128268&db=lv http://atlanta.kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDDER-NOVEMBER-8TH-STARTING-BID-399-500-W0QQAdIdZ166583074 ? ? ? Thanks for your time Mark and Catherine Borah Georgia Realty Source ? ? -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/21c7e517/attachment.html From tomhoffman at live.com Thu Nov 5 23:50:36 2009 From: tomhoffman at live.com (Tom Hoffman) Date: Thu, 5 Nov 2009 21:50:36 -0700 Subject: [5-DayForum] Nov 7th and 8th In-Reply-To: <008e01ca5e79$da41f590$8ec5e0b0$@net> References: <011601ca5d85$90d78f40$b286adc0$@net> Message-ID: Howdy, Sorry you have not gotten the response from the forum which you expected. When I read your message I thought you were looking for someone in the Atlanta area. There are many Realtors on this forum and there is a wealth of information here. More often than not the answers to most questions though are in the book. I have done four sales this month and two were absolutely unbelievable and two were a real disappointment. I also did what I call a "Brokers Only " sale where only Buyers with Brokers were allowed to bid. The weather was terrible. Results were not good but I am planning on doing more. Will probably wait until after the holidays and warmer weather and less competition from the professional sports.This is how one becomes experienced in the method...by having experiences, and constantly testing different things. What is the difference between a successful sale and one that doesn't work so well? Expectation!!! The most successful sale I did this month was on a fix-n-flip which had been listed with another Realtor for 9 months and no showings, no feedback. The owner had attended a sale I did in mid September and couldn't believe the number of people. I gave the owner a copy of the book to give to his Realtor and offered to coach. The response from the owner's Realtor was not good and therefore when the listing expired the owner called me. There were over 60 calls to my 800#. 35-40 groups came saturday and sunday. I had 14 bidders to start sunday night, made calls for almost 3 hours and sold the property to the HIGHEST BIDDER.. It is a great concept. Good Luck on your sale and make lots of notes as they will help you on the next one. Sincerely, Tom Hoffman Broker/Owner Top Priority Realty, LLC Licensed in Colorado From: borah at windstream.net To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 5 Nov 2009 19:41:17 -0500 Subject: Re: [5-DayForum] Nov 7th and 8th Hello Everyone, We have not had a great response from our advertising! We collected all the papers and know that the ads are live! I am very disappointed in the 5-day forum as I have watched this forum respond to a crazed man who was dropping the f-bomb and was rude to all of you, and I have not even got a ?Good Luck? Is it because I?m a Realtor? My client asked me to do the 5-day sale with them!! I think it?s a great concept. Looking forward to a great bid this weekend! From: 5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com] On Behalf Of Borahs Sent: Wednesday, November 04, 2009 2:33 PM To: 5-dayforum at howtosellyourhomein5days.com Subject: [5-DayForum] Nov 7th and 8th Hello everyone, Today is the 1st day of our 5 day sale!!! Ads are in 9 local papers, advertised on 11 free internet sites (will find more this week) 300 postcards out to local homeowners and pull tab flyer in as many business in area as possible!! I am a Realtor and helping a family who requested to do the 5 day sale!! We are excited and nervous about this weekend! Our checklist is almost complete now we are ready for the bids!! Has anyone used the 5 day sale in the Atlanta area?? Please send us as many suggestions as possible?. Will keep everyone posted Starting bid is $399,500 selling November 8th to the highest bidder!!! https://accounts.craigslist.org/post/shwpst?pii=1451128268&db=lv http://atlanta.kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDDER-NOVEMBER-8TH-STARTING-BID-399-500-W0QQAdIdZ166583074 Thanks for your time Mark and Catherine Borah Georgia Realty Source _________________________________________________________________ Find the right PC with Windows 7 and Windows Live. http://www.microsoft.com/Windows/pc-scout/laptop-set-criteria.aspx?cbid=wl&filt=200,2400,10,19,1,3,1,7,50,650,2,12,0,1000&cat=1,2,3,4,5,6&brands=5,6,7,8,9,10,11,12,13,14,15,16&addf=4,5,9&ocid=PID24727::T:WLMTAGL:ON:WL:en-US:WWL_WIN_evergreen2:112009 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/62c06f69/attachment.html From Janetislight at aol.com Fri Nov 6 08:39:17 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 6 Nov 2009 08:39:17 EST Subject: [5-DayForum] Nov 7th and 8th Message-ID: Sorry if I missed you or didn't see a question I felt that I could have had input in. Great Luck, hope your sales blows the roof off! Janet In a message dated 11/5/2009 6:41:57 P.M. Central Standard Time, borah at windstream.net writes: Hello Everyone, We have not had a great response from our advertising! We collected all the papers and know that the ads are live! I am very disappointed in the 5-day forum as I have watched this forum respond to a crazed man who was dropping the f-bomb and was rude to all of you, and I have not even got a ?Good Luck? Is it because I?m a Realtor? My client asked me to do the 5-day sale with them!! I think it?s a great concept. Looking forward to a great bid this weekend! From: 5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com] On Behalf Of Borahs Sent: Wednesday, November 04, 2009 2:33 PM To: 5-dayforum at howtosellyourhomein5days.com Subject: [5-DayForum] Nov 7th and 8th Hello everyone, Today is the 1st day of our 5 day sale!!! Ads are in 9 local papers, advertised on 11 free internet sites (will find more this week) 300 postcards out to local homeowners and pull tab flyer in as many business in area as possible!! I am a Realtor and helping a family who requested to do the 5 day sale!! We are excited and nervous about this weekend! Our checklist is almost complete now we are ready for the bids!! Has anyone used the 5 day sale in the Atlanta area?? Please send us as many suggestions as possible?. Will keep everyone posted Starting bid is $399,500 selling November 8th to the highest bidder!!! _https://accounts.craigslist.org/post/shwpst?pii=1451128268&db=lv_ (https://accounts.craigslist.org/post/shwpst?pii=1451128268&db=lv) _http://atlanta.kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDD ER-NOVEMBER-8TH-STARTING-BID-399-500-W0QQAdIdZ166583074_ (http://atlanta. kijiji.com/c-Housing-Homes-for-sale-SOLD-TO-THE-HIGHEST-BIDDER-NOVEMBER-8TH-STA RTING-BID-399-500-W0QQAdIdZ166583074) Thanks for your time Mark and Catherine Borah Georgia Realty Source _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/9991daf0/attachment.html From sapruett at sbcglobal.net Fri Nov 6 13:43:15 2009 From: sapruett at sbcglobal.net (Sue Pruett) Date: Fri, 6 Nov 2009 10:43:15 -0800 (PST) Subject: [5-DayForum] Response to your questions Message-ID: <537770.42061.qm@web83803.mail.sp1.yahoo.com> Mark and Catherine, So sorry you aren't getting a lot of response. This forum does tend to run hot and cold. This is just a cooler time, I guess. I hope you have a great sale, and I know others have already given advice that is good for you. The one thing I'll say to you is that you want to follow the rules - especially the 25 calls by Friday rule. We tried to sell our house the first time in July. We only had 17 (if I remember right) calls by Friday, and we went ahead with it. Well, we only had one serious bidder, and she turned out not to be serious after all, as she couldn't come up with the money. If you don't get your 25 calls, then postpone the sale. This method works as written, and for a reason. In our area the market had dropped quicker and further than we thought. However, we did get about $6,000 more for our home than our neighbor had gotten for their home just a few weeks before our final sale. So, I'm convinced this method works. If we could have hung on to the other house for awhile longer, we may have, to let the market rebound a bit, but we couldn't. Also, we have to look at this - we paid $54,500 for the house 12 years ago. We sold it for $72,500 this year. That is an $18,000 profit. We don't do a lot of investing, but we think this is not a bad return, especially when you consider we got to live there while it was growing. We got to have our cake and eat it, too, so to speak! If we had sold at the top of the market, we would have gotten much more, but we can't base our needs on when the market is rising. We needed to sell the home now, not a year ago, not six months from now. We think we did well. BTW- a side note to those who have followed our story - we closed on the house this week, so we are officially done with that home! It was a great home, but we are glad to not have the responsibility for it any more! And - now we can shop for some much needed furniture for the new house! Thanks for all your advice and encouragement. Sue Pruett Visit my blogs at http://www.thecharlottemasongirl.com/ and http://www.illinoisgreenhome.com and http://parentingwithstyle.blogspot.com/ -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/ee521680/attachment.html From Janetislight at aol.com Fri Nov 6 14:47:24 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 6 Nov 2009 14:47:24 EST Subject: [5-DayForum] Response to your questions Message-ID: Well Done! :) Janet In a message dated 11/6/2009 12:44:29 P.M. Central Standard Time, sapruett at sbcglobal.net writes: Mark and Catherine, So sorry you aren't getting a lot of response. This forum does tend to run hot and cold. This is just a cooler time, I guess. I hope you have a great sale, and I know others have already given advice that is good for you. The one thing I'll say to you is that you want to follow the rules - especially the 25 calls by Friday rule. We tried to sell our house the first time in July. We only had 17 (if I remember right) calls by Friday, and we went ahead with it. Well, we only had one serious bidder, and she turned out not to be serious after all, as she couldn't come up with the money. If you don't get your 25 calls, then postpone the sale. This method works as written, and for a reason. In our area the market had dropped quicker and further than we thought. However, we did get about $6,000 more for our home than our neighbor had gotten for their home just a few weeks before our final sale. So, I'm convinced this method works. If we could have hung on to the other house for awhile longer, we may have, to let the market rebound a bit, but we couldn't. Also, we have to look at this - we paid $54,500 for the house 12 years ago. We sold it for $72,500 this year. That is an $18,000 profit. We don't do a lot of investing, but we think this is not a bad return, especially when you consider we got to live there while it was growing. We got to have our cake and eat it, too, so to speak! If we had sold at the top of the market, we would have gotten much more, but we can't base our needs on when the market is rising. We needed to sell the home now, not a year ago, not six months from now. We think we did well. BTW- a side note to those who have followed our story - we closed on the house this week, so we are officially done with that home! It was a great home, but we are glad to not have the responsibility for it any more! And - now we can shop for some much needed furniture for the new house! Thanks for all your advice and encouragement. Sue Pruett Visit my blogs at _http://www.thecharlottemasongirl.com/_ (http://www.thecharlottemasongirl.com/) and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) and _http://parentingwithstyle.blogspot.com/_ (http://parentingwithstyle.blogspot.com/) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/3227325f/attachment.html From borah at windstream.net Fri Nov 6 19:31:24 2009 From: borah at windstream.net (Borahs) Date: Fri, 6 Nov 2009 19:31:24 -0500 Subject: [5-DayForum] Response to your questions In-Reply-To: References: Message-ID: <009801ca5f41$a3149af0$e93dd0d0$@net> Thank you all for the support!! We appreciate the advise and kind words but with one phone call and no emails we are not having our 5-day this weekend! We did put out 300 postcards to local homeowners so we plan to hold a normal "Open House" just to show the house. We had the house posted on ebay but that ended today as well with no bids! St. Joseph is buried in the front yard so we will say our prayers until the New Year! If we try 5-day again I will back on the forum! Good luck to all of you and have a great holidays! Mark and Catherine Borah Georgia Realty Source www.georgiarealtysource.com From: 5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5 days.com] On Behalf Of Janetislight at aol.com Sent: Friday, November 06, 2009 2:47 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Response to your questions Well Done! :) Janet In a message dated 11/6/2009 12:44:29 P.M. Central Standard Time, sapruett at sbcglobal.net writes: Mark and Catherine, So sorry you aren't getting a lot of response. This forum does tend to run hot and cold. This is just a cooler time, I guess. I hope you have a great sale, and I know others have already given advice that is good for you. The one thing I'll say to you is that you want to follow the rules - especially the 25 calls by Friday rule. We tried to sell our house the first time in July. We only had 17 (if I remember right) calls by Friday, and we went ahead with it. Well, we only had one serious bidder, and she turned out not to be serious after all, as she couldn't come up with the money. If you don't get your 25 calls, then postpone the sale. This method works as written, and for a reason. In our area the market had dropped quicker and further than we thought. However, we did get about $6,000 more for our home than our neighbor had gotten for their home just a few weeks before our final sale. So, I'm convinced this method works. If we could have hung on to the other house for awhile longer, we may have, to let the market rebound a bit, but we couldn't. Also, we have to look at this - we paid $54,500 for the house 12 years ago. We sold it for $72,500 this year. That is an $18,000 profit. We don't do a lot of investing, but we think this is not a bad return, especially when you consider we got to live there while it was growing. We got to have our cake and eat it, too, so to speak! If we had sold at the top of the market, we would have gotten much more, but we can't base our needs on when the market is rising. We needed to sell the home now, not a year ago, not six months from now. We think we did well. BTW- a side note to those who have followed our story - we closed on the house this week, so we are officially done with that home! It was a great home, but we are glad to not have the responsibility for it any more! And - now we can shop for some much needed furniture for the new house! Thanks for all your advice and encouragement. Sue Pruett Visit my blogs at http://www.thecharlottemasongirl.com/ and http://www.illinoisgreenhome.com and http://parentingwithstyle.blogspot.com/ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/3be2301f/attachment.html From Janetislight at aol.com Fri Nov 6 22:05:03 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 6 Nov 2009 22:05:03 EST Subject: [5-DayForum] Response to your questions Message-ID: Looking forward to your return and HUGE success!!! Janet In a message dated 11/6/2009 6:32:20 P.M. Central Standard Time, borah at windstream.net writes: Thank you all for the support!! We appreciate the advise and kind words but with one phone call and no emails we are not having our 5-day this weekend! We did put out 300 postcards to local homeowners so we plan to hold a normal ?Open House? just to show the house. We had the house posted on ebay but that ended today as well with no bids! St. Joseph is buried in the front yard so we will say our prayers until the New Year! If we try 5-day again I will back on the forum! Good luck to all of you and have a great holidays! Mark and Catherine Borah Georgia Realty Source _www.georgiarealtysource.com_ (http://www.georgiarealtysource.com/) From: 5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+borah=windstream.net at mailman.howtosellyourhomein5days.com] On Behalf Of Janetislight at aol.com Sent: Friday, November 06, 2009 2:47 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Response to your questions Well Done! :) Janet In a message dated 11/6/2009 12:44:29 P.M. Central Standard Time, sapruett at sbcglobal.net writes: Mark and Catherine, So sorry you aren't getting a lot of response. This forum does tend to run hot and cold. This is just a cooler time, I guess. I hope you have a great sale, and I know others have already given advice that is good for you. The one thing I'll say to you is that you want to follow the rules - especially the 25 calls by Friday rule. We tried to sell our house the first time in July. We only had 17 (if I remember right) calls by Friday, and we went ahead with it. Well, we only had one serious bidder, and she turned out not to be serious after all, as she couldn't come up with the money. If you don't get your 25 calls, then postpone the sale. This method works as written, and for a reason. In our area the market had dropped quicker and further than we thought. However, we did get about $6,000 more for our home than our neighbor had gotten for their home just a few weeks before our final sale. So, I'm convinced this method works. If we could have hung on to the other house for awhile longer, we may have, to let the market rebound a bit, but we couldn't. Also, we have to look at this - we paid $54,500 for the house 12 years ago. We sold it for $72,500 this year. That is an $18,000 profit. We don't do a lot of investing, but we think this is not a bad return, especially when you consider we got to live there while it was growing. We got to have our cake and eat it, too, so to speak! If we had sold at the top of the market, we would have gotten much more, but we can't base our needs on when the market is rising. We needed to sell the home now, not a year ago, not six months from now. We think we did well. BTW- a side note to those who have followed our story - we closed on the house this week, so we are officially done with that home! It was a great home, but we are glad to not have the responsibility for it any more! And - now we can shop for some much needed furniture for the new house! Thanks for all your advice and encouragement. Sue Pruett Visit my blogs at _http://www.thecharlottemasongirl.com/_ (http://www.thecharlottemasongirl.com/) and _http://www.illinoisgreenhome.com_ (http://www.illinoisgreenhome.com/) and _http://parentingwithstyle.blogspot.com/_ (http://parentingwithstyle.blogspot.com/) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/52f26f8e/attachment.html From shannalarose at gmail.com Fri Nov 6 22:46:30 2009 From: shannalarose at gmail.com (Shanna Ramon) Date: Fri, 6 Nov 2009 21:46:30 -0600 Subject: [5-DayForum] Waiting til January Message-ID: Mr. Effros, thanks for your input about my question. Your answer leads me to another. What else can I do to try to sell my house before January when I am 12 hours away by car? We have already moved out of town, and our experience with the Realtor with whom our contract already expired (THANK GOD) was bad enough for me to swear off Realtors for good. Any ideas? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/a50e5c61/attachment.html From shannalarose at gmail.com Fri Nov 6 22:53:17 2009 From: shannalarose at gmail.com (Shanna Ramon) Date: Fri, 6 Nov 2009 21:53:17 -0600 Subject: [5-DayForum] Question for Sue Pruett Message-ID: Hello! I was thinking about trying the 5-day sale on the weekend before Thanksgiving. I have since received opinions about this being a bad idea. I just saw that you recently closed on your house. Please tell me if you think you could have done this being 12 hours away by car, and had to fly in for the Fri thru Monday. Thanks! Shanna Ramon -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/3ea388ff/attachment.html From bill at effros.com Sat Nov 7 08:40:59 2009 From: bill at effros.com (Bill Effros) Date: Sat, 07 Nov 2009 08:40:59 -0500 Subject: [5-DayForum] Waiting til January In-Reply-To: References: Message-ID: <4AF578EB.4080208@effros.com> Shanna, It is unlikely you will be able to sell your home between now and January, no matter what you try to do, short of offering it for substantially less than it's worth. Once you have accepted the truth of that statement, all you have to do is set up your 5-Day sale is such a way that it will get you the highest possible price without having to worry about a "do-over". Many people on this list have moved substantial distances before selling their homes. Don't back yourself into a corner. Don't hope things will get better between now and then. Plan meticulously, and then stick to your plan. Start low enough so that you will get 25 responses by Wednesday night solely from Craigslist. Don't start early. Cancel if you fail to get an overwhelming response solely from Craigslist. Don't weasel on whether you are "really" going to sell your home to the high bidder or not. Don't drive 12 hours unless you are absolutely sure you are going to sell the home Sunday night, no matter what the final offer. The 5-Day Method can't get you what you "want". Life doesn't work that way. If you follow the 5-Day Method closely you will get the most you can get for that house on that day. Then you can move on with your life. Bill Effros Author Shanna Ramon wrote: > Mr. Effros, > thanks for your input about my question. Your answer leads me to > another. What else can I do to try to sell my house before January > when I am 12 hours away by car? We have already moved out of town, > and our experience with the Realtor with whom our contract already > expired (THANK GOD) was bad enough for me to swear off Realtors for > good. Any ideas? > ------------------------------------------------------------------------ > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091107/d5b446e1/attachment.html From sapruett at sbcglobal.net Sat Nov 7 15:28:26 2009 From: sapruett at sbcglobal.net (Sue Pruett) Date: Sat, 7 Nov 2009 12:28:26 -0800 (PST) Subject: [5-DayForum] Responses to questions and encouragements! Message-ID: <38046.63011.qm@web83813.mail.sp1.yahoo.com> Janet - Thanks so much! The encouragement makes a difference, doesn't it?! Shanna - As to whether or not we 'could have' done this while living 12 hours away, I really don't think I can answer that. I think what we would have done would be to make sure that we rented or purchased a home in the new location that we could afford to pay on, even if we didn't sell the old home for six months, and then just listed with a realtor. We have 5 children and traveling 12 hours by car is not something we do for fun :). On the other hand, if you deem it worthy of your travel time, then go for it - with Bill's advice in mind. If you HAVE to sell now, then sell, and take what you get. If you can wait, then wait, and do it in January or February. Who knows what the market will do. Don't try to guess on that, just sell when you want to. If you follow the plan laid out in the book, and the ideas put forth on this forum, you will get the maximum anyone will pay for your house at the time of the sale. I just thought also of the other times we needed to be at the house for appraisals and inspections, as our buyer was getting First Time Homebuyer financing. So, in your situation, unless you have someone willing to cover for those things, you would have to coordinate these inspections and make at least one trip back for those, and one trip for the closing. The expenses of these trips might not be worth it. If you have a realtor, they would be able to cover everything but the closing for you, and you'd only have to make one trip. So, again, the decision is yours - you just have to weigh all the things that are involved and make a decision you can live with. Be sure to let us know what you decide, and how it goes for you! Mark and Catherine - Sorry you didn't get the response you were hoping for. Let us know how the open house goes, and what your seller decides to do next! Sue Pruett Visit my blogs at http://www.thecharlottemasongirl.com/ and http://www.illinoisgreenhome.com and http://parentingwithstyle.blogspot.com/ -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091107/689607d4/attachment.html From louisclodi at yahoo.com Sat Nov 7 18:56:07 2009 From: louisclodi at yahoo.com (louis lodi) Date: Sat, 7 Nov 2009 15:56:07 -0800 (PST) Subject: [5-DayForum] Waiting til January In-Reply-To: <4AF578EB.4080208@effros.com> Message-ID: <403557.22068.qm@web110801.mail.gq1.yahoo.com> ? ???? Hi Mr. Effros: ? ???? Louis here again. As I continued reading and finally finished your book, I wanted to ask what I already found out and that is that you can use this method for selling virtually anything. The question I had formulated earlier on in the reading of the book and the very reason for buying?it is that I desire to sell, not a home, but a peice of property. How might that vary from a home/house and what type of curb appeal strategies might be used that would also vary from selling your ordinary conventional house/home? ? ???? Thank you for your input, ? ???? Louis --- On Sat, 11/7/09, Bill Effros wrote: From: Bill Effros Subject: Re: [5-DayForum] Waiting til January To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Saturday, November 7, 2009, 5:40 AM Shanna, It is unlikely you will be able to sell your home between now and January, no matter what you try to do, short of offering it for substantially less than it's worth. Once you have accepted the truth of that statement, all you have to do is set up your 5-Day sale is such a way that it will get you the highest possible price without having to worry about a "do-over". Many people on this list have moved substantial distances before selling their homes.? Don't back yourself into a corner.? Don't hope things will get better between now and then.? Plan meticulously, and then stick to your plan. Start low enough so that you will get 25 responses by Wednesday night solely from Craigslist.? Don't start early.? Cancel if you fail to get an overwhelming response solely from Craigslist.? Don't weasel on whether you are "really" going to sell your home to the high bidder or not. Don't drive 12 hours unless you are absolutely sure you are going to sell the home Sunday night, no matter what the final offer. The 5-Day Method can't get you what you "want".? Life doesn't work that way.? If you follow the 5-Day Method closely you will get the most you can get for that house on that day. Then you can move on with your life. Bill Effros Author Shanna Ramon wrote: Mr. Effros,? thanks for your input about my question. ?Your answer leads me to another. ?What else can I do to try to sell my house before January when I am 12 hours away by car? ?We have already moved out of town, and our experience with the?Realtor?with whom our contract already expired (THANK GOD) was bad enough for me to swear off?Realtors?for good. ?Any ideas?? _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091107/1d27c9e8/attachment.html From margoheimanson at yahoo.com Fri Nov 6 11:50:01 2009 From: margoheimanson at yahoo.com (Margo Heimanson) Date: Fri, 6 Nov 2009 08:50:01 -0800 (PST) Subject: [5-DayForum] I want to be added to your mailing list. Message-ID: <120002.67486.qm@web111611.mail.gq1.yahoo.com> Please add my e-mail address, Margoheimanson at yahoo.com, to your mailing list.? I already purchased the book from Amazon. I will try to auction my home in July, 2010 if my new realtor fails to sell my house. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/d0556ea1/attachment.html From thesteveandpaulashow at cox.net Thu Nov 5 23:01:44 2009 From: thesteveandpaulashow at cox.net (Steve Roberts) Date: Thu, 5 Nov 2009 20:01:44 -0800 Subject: [5-DayForum] 12 people by Thursday Message-ID: <001501ca5e95$dab00ff0$dcaeba62@toshibauser> I am trying to sell my mothers house on a lake that I have had listed in the area with 3 different agents in the past 18 months. My 1st 3 calls were from realtors, should I actually count these as they said they were coming but tried to get me to sell it to them on the spot.I have 9 calls so far, the book says I should have 12 by Thursday, 2 of the people on the list live in the neiborhood and knew the house and were going to call other people. I have a great deal of money tied up in advertising as its a rural area and I had to drive completly around lake Texoma to 4 separate towns.My question is, can I presume I have 12 people? Help?? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091105/4458c15e/attachment.html From suspenderb at yahoo.com Fri Nov 6 20:57:43 2009 From: suspenderb at yahoo.com (Deano) Date: Fri, 6 Nov 2009 17:57:43 -0800 (PST) Subject: [5-DayForum] Settlement agent?? I need help! St Louis metro area. Message-ID: <24949.32927.qm@web54111.mail.re2.yahoo.com> Hi, I'm planning on selling my house next week! However, I still need a settlement agent. For those that have done this before, how did you get a settlement agent, and do they charge anything before the sale goes through? If you did a sale in the St Louis metro area, let me know who you used, and perhaps I'll use them too! Also, I'm looking for anybody that has sold their house in the St Louis Metro area. My house is actually on the Illinois side in Fairview heights. What places are the best to put the ads? Any success with craigslist? Which newspapers? Thanks -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/b99a6d23/attachment.html From suspenderb at yahoo.com Fri Nov 6 20:57:43 2009 From: suspenderb at yahoo.com (Deano) Date: Fri, 6 Nov 2009 17:57:43 -0800 (PST) Subject: [5-DayForum] Settlement agent?? I need help! St Louis metro area. Message-ID: <24949.32927.qm@web54111.mail.re2.yahoo.com> Hi, I'm planning on selling my house next week! However, I still need a settlement agent. For those that have done this before, how did you get a settlement agent, and do they charge anything before the sale goes through? If you did a sale in the St Louis metro area, let me know who you used, and perhaps I'll use them too! Also, I'm looking for anybody that has sold their house in the St Louis Metro area. My house is actually on the Illinois side in Fairview heights. What places are the best to put the ads? Any success with craigslist? Which newspapers? Thanks -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091106/b99a6d23/attachment-0001.html From myfivedaysale at gmail.com Sun Nov 8 03:12:17 2009 From: myfivedaysale at gmail.com (myfive daysale) Date: Sun, 8 Nov 2009 02:12:17 -0600 Subject: [5-DayForum] Thanksgiving and Inspection Report Message-ID: <8cbc7d760911080012k49680822p459910d483a0e6ae@mail.gmail.com> Thanks Janet - I'm going to give it a shot (I think I will be taking a big gamble if I hold on and wait things out until the new year, besides looking back at other archive emails year end sales get tax benefits for both the buyer and seller especially that credit to new home buyers), I hope Nov. 21st and 22nd work out well. Just curious what you paid for your RE inspection report, I previously paid $350 looking at it now it seems a bit much for so little using checked boxes. Has anyone received a computerized report? ------- You will need a new inspection and I would either hold the sale now, or wait until after Christmas. This isn't a good time really... sorry. Janet ------- Hi everyone I am going to sell my house using the 5 day method and was wondering Bill about running the sale the week before Thanksgiving. Is this a good idea, should I wait until the week after? The other question I had was about the inspection report, I have had an inspection done within the last 2.5 - 3 years and I fixed everything on the list except the windows, can I show them this report or do I need another inspection done? Thanks Dave -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091108/c23790fa/attachment.html From myfivedaysale at gmail.com Sun Nov 8 03:17:53 2009 From: myfivedaysale at gmail.com (myfive daysale) Date: Sun, 8 Nov 2009 02:17:53 -0600 Subject: [5-DayForum] When to give out address Message-ID: <8cbc7d760911080017l4786b1b5o458f20e68ba2243f@mail.gmail.com> I've looked through the archives and I know this was asked before but I could not find a straight answer. When do you give out your address to the buyers? As they call in Wednesday through Friday -or- do I contact the 25+ buyers Friday evening then give them the location? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091108/733fabba/attachment.html From rosemarie-fred at mindspring.com Tue Nov 10 09:14:13 2009 From: rosemarie-fred at mindspring.com (rosemarie-fred) Date: Tue, 10 Nov 2009 09:14:13 -0500 Subject: [5-DayForum] 12 people by Thursday References: <001501ca5e95$dab00ff0$dcaeba62@toshibauser> Message-ID: Relax! You are going to sell this house. Pick up your confidence. Count the calls. This is to make sure you have priced it low enough to attract lots of traffic. That's happening. People in the neighborhood are good - they have an opportunity to tell their friends, people that they would like to have as neighbors. Nothing wrong with that. Did the realtors want you to sell to them or list it with them? Sail on with your head held high in the sure knowledge that this will work for you, and it will! Good luck Roesmarie ----- Original Message ----- From: Steve Roberts To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thursday, November 05, 2009 11:01 PM Subject: [5-DayForum] 12 people by Thursday I am trying to sell my mothers house on a lake that I have had listed in the area with 3 different agents in the past 18 months. My 1st 3 calls were from realtors, should I actually count these as they said they were coming but tried to get me to sell it to them on the spot.I have 9 calls so far, the book says I should have 12 by Thursday, 2 of the people on the list live in the neiborhood and knew the house and were going to call other people. I have a great deal of money tied up in advertising as its a rural area and I had to drive completly around lake Texoma to 4 separate towns.My question is, can I presume I have 12 people? Help?? ------------------------------------------------------------------------------ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091110/47fb8d1e/attachment.html From rosemarie-fred at mindspring.com Tue Nov 10 11:26:58 2009 From: rosemarie-fred at mindspring.com (rosemarie-fred) Date: Tue, 10 Nov 2009 11:26:58 -0500 Subject: [5-DayForum] Thanksgiving and Inspection Report References: <8cbc7d760911080012k49680822p459910d483a0e6ae@mail.gmail.com> Message-ID: <81A33179E7184498886577107555F351@rosemarifv6onv> You should get an inspection report with photographs and comments. That's a lot of money for checking boxes, you are right! We usually get ours by email and it can run to many pages even though there is nothing wrong. The last one showed a photograph of something that had fallen in the sink! All that needed to happen was for someone to pick it up and throw it out. That's how picky they are. Rosemarie ----- Original Message ----- From: myfive daysale To: 5-dayforum at howtosellyourhomein5days.com Sent: Sunday, November 08, 2009 3:12 AM Subject: Re: [5-DayForum] Thanksgiving and Inspection Report Thanks Janet -I'm going to give it a shot (I think I will be taking a big gamble if I hold on and wait things out until the new year, besides looking back at other archive emails year end sales get tax benefits for both the buyer and seller especially that credit to new home buyers), I hope Nov. 21st and 22nd work out well. Just curious what you paid for your RE inspection report, I previously paid $350 looking at it now it seems a bit much for so little using checked boxes. Has anyone received a computerized report?-------You will need a new inspection and I would either hold the sale now, or wait until after Christmas. This isn't a good time really... sorry. Janet ------- Hi everyone I am going to sell my house using the 5 day method and was wondering Bill about running the sale the week before Thanksgiving. Is this a good idea, should I wait until the week after? The other question I had was about the inspection report, I have had an inspection done within the last 2.5 - 3 years and I fixed everything on the list except the windows, can I show them this report or do I need another inspection done? Thanks Dave ------------------------------------------------------------------------------ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091110/787d3642/attachment.html From Janetislight at aol.com Tue Nov 10 14:27:21 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Tue, 10 Nov 2009 14:27:21 EST Subject: [5-DayForum] Thanksgiving and Inspection Report Message-ID: I paid $200 for my inspection and received it e-mailed to me the same day. Therefore I could print them out with no problem. I did call several that did them by hand, and some were more costly than the one I used. He did an inspection summary, which is what I handed out, and then a detailed with pictures of every "little" thing. Keep calling around. You will find one who will be able to provide you what you need. Great Luck and let us know how your "holiday" sale goes. ;) Janet In a message dated 11/10/2009 7:47:50 A.M. Central Standard Time, myfivedaysale at gmail.com writes: Thanks Janet - I'm going to give it a shot (I think I will be taking a big gamble if I hold on and wait things out until the new year, besides looking back at other archive emails year end sales get tax benefits for both the buyer and seller especially that credit to new home buyers), I hope Nov. 21st and 22nd work out well. Just curious what you paid for your RE inspection report, I previously paid $350 looking at it now it seems a bit much for so little using checked boxes. Has anyone received a computerized report? ------- You will need a new inspection and I would either hold the sale now, or wait until after Christmas. This isn't a good time really... sorry. Janet ------- Hi everyone I am going to sell my house using the 5 day method and was wondering Bill about running the sale the week before Thanksgiving. Is this a good idea, should I wait until the week after? The other question I had was about the inspection report, I have had an inspection done within the last 2.5 - 3 years and I fixed everything on the list except the windows, can I show them this report or do I need another inspection done? Thanks Dave _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091110/a1f9a9a7/attachment.html From Janetislight at aol.com Tue Nov 10 14:29:23 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Tue, 10 Nov 2009 14:29:23 EST Subject: [5-DayForum] When to give out address Message-ID: I told them as they called. I WANTED them to do a drive by as the house had great curb appeal. And peaking in the windows was more than welcome. Others have waited. I don't think it really matters. Others here will disagree I'm sure. :) Janet In a message dated 11/10/2009 7:48:21 A.M. Central Standard Time, myfivedaysale at gmail.com writes: I've looked through the archives and I know this was asked before but I could not find a straight answer. When do you give out your address to the buyers? As they call in Wednesday through Friday -or- do I contact the 25+ buyers Friday evening then give them the location? _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091110/80a9748d/attachment.html From Janetislight at aol.com Tue Nov 10 14:41:50 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Tue, 10 Nov 2009 14:41:50 EST Subject: [5-DayForum] Jubilee Ventures Message-ID: Has anyone ever heard of Jubilee Property Ventures, or Jules Scott? Thanks, Janet -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091110/d234aa79/attachment.html From damian_colden at yahoo.com Tue Nov 10 22:43:42 2009 From: damian_colden at yahoo.com (Damian Colden) Date: Tue, 10 Nov 2009 19:43:42 -0800 (PST) Subject: [5-DayForum] Jubilee Ventures In-Reply-To: References: Message-ID: <575541.84154.qm@web53106.mail.re2.yahoo.com> Haven't heard of them, but if you Google them, it turns up about 16,000 pages. Happy reading. Dac Colden ________________________________ From: "Janetislight at aol.com" To: 5-dayforum at howtosellyourhomein5days.com Sent: Tue, November 10, 2009 2:41:50 PM Subject: [5-DayForum] Jubilee Ventures Has anyone ever heard of Jubilee Property Ventures, or Jules Scott? Thanks, Janet -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091110/ff56e44b/attachment.html From thesteveandpaulashow at cox.net Tue Nov 10 11:10:09 2009 From: thesteveandpaulashow at cox.net (Steve Roberts) Date: Tue, 10 Nov 2009 10:10:09 -0600 Subject: [5-DayForum] 12 people by Thursday References: <001501ca5e95$dab00ff0$dcaeba62@toshibauser> Message-ID: <007201ca6220$473a9ea0$25a1ba62@toshibauser> Hi Rosemarie, We got back from Texoma last night had 12 bidders, at least 100 people, we stuck to the book completely, had a great time! (it was fun). We sold the house Sun.night, got a fiar price and went to the abstact company mon. will close in 2 weeks by mail.Went as smooth as silk!!!!!!!! This idea is awsome!!!!!!!!! Steve & Paula Roberts ----- Original Message ----- From: rosemarie-fred To: How To Sell Your Home in 5-Days Sent: Tuesday, November 10, 2009 8:14 AM Subject: Re: [5-DayForum] 12 people by Thursday Relax! You are going to sell this house. Pick up your confidence. Count the calls. This is to make sure you have priced it low enough to attract lots of traffic. That's happening. People in the neighborhood are good - they have an opportunity to tell their friends, people that they would like to have as neighbors. Nothing wrong with that. Did the realtors want you to sell to them or list it with them? Sail on with your head held high in the sure knowledge that this will work for you, and it will! Good luck Roesmarie ----- Original Message ----- From: Steve Roberts To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thursday, November 05, 2009 11:01 PM Subject: [5-DayForum] 12 people by Thursday I am trying to sell my mothers house on a lake that I have had listed in the area with 3 different agents in the past 18 months. My 1st 3 calls were from realtors, should I actually count these as they said they were coming but tried to get me to sell it to them on the spot.I have 9 calls so far, the book says I should have 12 by Thursday, 2 of the people on the list live in the neiborhood and knew the house and were going to call other people. I have a great deal of money tied up in advertising as its a rural area and I had to drive completly around lake Texoma to 4 separate towns.My question is, can I presume I have 12 people? Help?? ---------------------------------------------------------------------------- _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091110/963e92e9/attachment.html From c_griffith12 at yahoo.com Wed Nov 11 22:46:18 2009 From: c_griffith12 at yahoo.com (Carrie Griffith) Date: Wed, 11 Nov 2009 19:46:18 -0800 (PST) Subject: [5-DayForum] Advice, please!! Message-ID: <317270.79052.qm@web57304.mail.re1.yahoo.com> Hello Everyone! I need some serious advice.? I am reading the posts to get a good idea of what everyone is feeling and doing right now with this process.? I bought the book and have read most of it.? I left it with my husband to read (he is out of town for military training, but returning this weekend).? So here's the story.... We have an unfinished house, (I would say it is 50% complete). Anyway,?It has been sitting for a few years also.? It has been in the family, we've considered finishing etc...but at this point we just want rid of it and some life changes are pressing for us to get it gone and get it gone fast!? It is in a very small town (population roughly 2,000-3,000).? Craigslist isn't as widely used, etc.? I know that Bill states in the book that it doesn't matter if it is a small town or not, it will still work.? We have been cleaning it up to try to make it look to be in best shape as possible.? We were wanting to do the 5 day sale Nov. 21-22.? After reading some of these posts, including Bill's, my confidence has dropped on doing it that weekend.?I am really disappointed to hear that.? My husband has just taken a job 7 hours away.? We are probably now going to have to sell two houses, but the one I just mentioned is our biggest problem!? I'm just looking for some advice on what types of advertising seems to work in a small community and maybe some thoughts on doing the sale now or later.? I don't want to waste our time and get a lower price, etc. Thanks in advance! -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091111/e0412e96/attachment.html From rosemarie-fred at mindspring.com Thu Nov 12 08:18:54 2009 From: rosemarie-fred at mindspring.com (rosemarie-fred) Date: Thu, 12 Nov 2009 08:18:54 -0500 Subject: [5-DayForum] Advice, please!! References: <317270.79052.qm@web57304.mail.re1.yahoo.com> Message-ID: <3DCBCE2AE96C4ADA8674597AA1AE1BC3@rosemarifv6onv> Is the house liveable? Can someone move in and live there while they finish the other 50%? If so, I think you might be able to sell it in a 5-day sale. Bill's recommendation is that you will be more successful if you wait to sell - no law against it! You can always try it with Craig's List advertising - it's free. If it is not liveable, are you willing to sell to an investor? That may be your only choice. If so, advertise it as a Handyman's Special. Or contact your closest real estate investors' association; find it through the NREIA website. A 50% finished house is probably not worth anywhere near what you think it is - sorry! Where are you located? There are investors on this forum - you never know who might be interested. Good luck with this. Rosemarie ----- Original Message ----- From: Carrie Griffith To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Wednesday, November 11, 2009 10:46 PM Subject: [5-DayForum] Advice, please!! Hello Everyone! I need some serious advice. I am reading the posts to get a good idea of what everyone is feeling and doing right now with this process. I bought the book and have read most of it. I left it with my husband to read (he is out of town for military training, but returning this weekend). So here's the story.... We have an unfinished house, (I would say it is 50% complete). Anyway, It has been sitting for a few years also. It has been in the family, we've considered finishing etc...but at this point we just want rid of it and some life changes are pressing for us to get it gone and get it gone fast! It is in a very small town (population roughly 2,000-3,000). Craigslist isn't as widely used, etc. I know that Bill states in the book that it doesn't matter if it is a small town or not, it will still work. We have been cleaning it up to try to make it look to be in best shape as possible. We were wanting to do the 5 day sale Nov. 21-22. After reading some of these posts, including Bill's, my confidence has dropped on doing it that weekend. I am really disappointed to hear that. My husband has just taken a job 7 hours away. We are probably now going to have to sell two houses, but the one I just mentioned is our biggest problem! I'm just looking for some advice on what types of advertising seems to work in a small community and maybe some thoughts on doing the sale now or later. I don't want to waste our time and get a lower price, etc. Thanks in advance! ------------------------------------------------------------------------------ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/0a3bb15f/attachment.html From lbicon at aol.com Thu Nov 12 11:09:58 2009 From: lbicon at aol.com (lbicon at aol.com) Date: Thu, 12 Nov 2009 11:09:58 -0500 Subject: [5-DayForum] Advice, please!! In-Reply-To: <3DCBCE2AE96C4ADA8674597AA1AE1BC3@rosemarifv6onv> References: <317270.79052.qm@web57304.mail.re1.yahoo.com> <3DCBCE2AE96C4ADA8674597AA1AE1BC3@rosemarifv6onv> Message-ID: <8CC31C9B6E66ACB-2B5C-8801@webmail-d072.sysops.aol.com> Carrie, I am assuming that since the house is 50% done and has been vacant it is not habitable and therefore very diificult to finance in this market. A joint venture with or sale to a contractor is your best bet. I have sold fixers and raw land using variations of the 5 day system. I would not recommend it under the scenario that you laid out. Sometimes real estate agents are worth every penny that they earn and based on the small amount of info you provided it seems that this would be one of those cases. As Marie said an investor may work for you but remember that an investor by definition will give you a "rock bottom" or below rock bottom offer. They will get the property off you hands quickly though. Trying to sell a home the weekend before Thanksgiving using ANY method is a crapshoot at best. Most people are either preparing to travel or entertain. BTW where is this home and what do you think the home is worth? Regards, Conrad Realtor/investor/loan professional -----Original Message----- From: rosemarie-fred To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Thu, Nov 12, 2009 5:18 am Subject: Re: [5-DayForum] Advice, please!! Is the house liveable? Can someone move in and live there while they finish the other 50%? If so, I think you might be able to sell it in a 5-day sale. Bill's recommendation is that you will be more successful if you wait to sell - no law against it! You can always try it with Craig's List advertising - it's free. If it is not liveable, are you willing to sell to an investor? That may be your only choice. If so, advertise it as a Handyman's Special. Or contact your closest real estate investors' association; find it through the NREIA website. A 50% finished house is probably not worth anywhere near what you think it is - sorry! Where are you located? There are investors on this forum - you never know who might be interested. Good luck with this. Rosemarie ----- Original Message ----- From: Carrie Griffith To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Wednesday, November 11, 2009 10:46 PM Subject: [5-DayForum] Advice, please!! Hello Everyone! I need some serious advice. I am reading the posts to get a good idea of what everyone is feeling and doing right now with this process. I bought the book and have read most of it. I left it with my husband to read (he is out of town for military training, but returning this weekend). So here's the story.... We have an unfinished house, (I would say it is 50% complete). Anyway, It has been sitting for a few years also. It has been in the family, we've considered finishing etc...but at this point we just want rid of it and some life changes are pressing for us to get it gone and get it gone fast! It is in a very small town (population roughly 2,000-3,000). Craigslist isn't as widely used, etc. I know that Bill states in the book that it doesn't matter if it is a small town or not, it will still work. We have been cleaning it up to try to make it look to be in best shape as possible. We were wanting to do the 5 day sale Nov. 21-22. After reading some of these posts, including Bill's, my confidence has dropped on doing it that weekend. I am really disappointed to hear that. My husband has just taken a job 7 hours away. We are probably now going to have to sell two houses, but the one I just mentioned is our biggest problem! I'm just looking for some advice on what types of advertising seems to work in a small community and maybe some thoughts on doing the sale now or later. I don't want to waste our time and get a lower price, etc. Thanks in advance! _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ -DayForum mailing list -DayForum at mailman.howtosellyourhomein5days.com ttp://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum = -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/1fc27714/attachment.html From Janetislight at aol.com Thu Nov 12 12:23:55 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Thu, 12 Nov 2009 12:23:55 EST Subject: [5-DayForum] Advice, please!! Message-ID: Carrie, I have to agree here. So sorry. This is a difficult property, and you are hoping to sell it at the absolute worst time. You can put it out there now, but expect the price to be lower. Hopefully, this house is under roof at least. Keep us posted, and the greatest of luck to you. Janet In a message dated 11/12/2009 10:11:22 A.M. Central Standard Time, lbicon at aol.com writes: Carrie, I am assuming that since the house is 50% done and has been vacant it is not habitable and therefore very diificult to finance in this market. A joint venture with or sale to a contractor is your best bet. I have sold fixers and raw land using variations of the 5 day system. I would not recommend it under the scenario that you laid out. Sometimes real estate agents are worth every penny that they earn and based on the small amount of info you provided it seems that this would be one of those cases. As Marie said an investor may work for you but remember that an investor by definition will give you a "rock bottom" or below rock bottom offer. They will get the property off you hands quickly though. Trying to sell a home the weekend before Thanksgiving using ANY method is a crapshoot at best. Most people are either preparing to travel or entertain. BTW where is this home and what do you think the home is worth? Regards, Conrad Realtor/investor/loan professional -----Original Message----- From: rosemarie-fred To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Thu, Nov 12, 2009 5:18 am Subject: Re: [5-DayForum] Advice, please!! Is the house liveable? Can someone move in and live there while they finish the other 50%? If so, I think you might be able to sell it in a 5-day sale. Bill's recommendation is that you will be more successful if you wait to sell - no law against it! You can always try it with Craig's List advertising - it's free. If it is not liveable, are you willing to sell to an investor? That may be your only choice. If so, advertise it as a Handyman's Special. Or contact your closest real estate investors' association; find it through the NREIA website. A 50% finished house is probably not worth anywhere near what you think it is - sorry! Where are you located? There are investors on this forum - you never know who might be interested. Good luck with this. Rosemarie ----- Original Message ----- From: _Carrie Griffith_ (mailto:c_griffith12 at yahoo.com) To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Wednesday, November 11, 2009 10:46 PM Subject: [5-DayForum] Advice, please!! Hello Everyone! I need some serious advice. I am reading the posts to get a good idea of what everyone is feeling and doing right now with this process. I bought the book and have read most of it. I left it with my husband to read (he is out of town for military training, but returning this weekend). So here's the story.... We have an unfinished house, (I would say it is 50% complete). Anyway, It has been sitting for a few years also. It has been in the family, we've considered finishing etc...but at this point we just want rid of it and some life changes are pressing for us to get it gone and get it gone fast! It is in a very small town (population roughly 2,000-3,000). Craigslist isn't as widely used, etc. I know that Bill states in the book that it doesn't matter if it is a small town or not, it will still work. We have been cleaning it up to try to make it look to be in best shape as possible. We were wanting to do the 5 day sale Nov. 21-22. After reading some of these posts, including Bill's, my confidence has dropped on doing it that weekend. I am really disappointed to hear that. My husband has just taken a job 7 hours away. We are probably now going to have to sell two houses, but the one I just mentioned is our biggest problem! I'm just looking for some advice on what types of advertising seems to work in a small community and maybe some thoughts on doing the sale now or later. I don't want to waste our time and get a lower price, etc. Thanks in advance! ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum_ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/880af504/attachment.html From PJ323JP at aol.com Thu Nov 12 14:03:10 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Thu, 12 Nov 2009 14:03:10 EST Subject: [5-DayForum] Welcome to the "5-DayForum" mailing list Message-ID: Per instructions below: My Email is _PJ323JP at aol.com_ (mailto:PJ323JP at aol.com) In a message dated 11/12/2009 9:37:52 A.M. Pacific Standard Time, 5-dayforum-request at mailman.howtosellyourhomein5days.com writes: 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/p j323jp%40aol.com You can also make such adjustments via email by sending a message to: 5-DayForum-request at mailman.howtosellyourhomein5days.com with the word `help' in the subject or body (don't include the quotes), and you will get back a message with instructions. You must know your password to change your options (including changing the password, itself) or to unsubscribe. It is: riofakmu Normally, Mailman will remind you of your mailman.howtosellyourhomein5days.com mailing list passwords once every month, although you can disable this if you prefer. This reminder will also include instructions on how to unsubscribe or change your account options. There is also a button on your options page that will email your current password to you. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/61c154f3/attachment.html From dilerin at gmail.com Thu Nov 12 18:53:36 2009 From: dilerin at gmail.com (Erin Dillon) Date: Thu, 12 Nov 2009 16:53:36 -0700 Subject: [5-DayForum] Have 3 rentals I need to sell Message-ID: <1922B49554E149DABE6BF40496A50637@ownere6f3cb40b> We are in the Boise, Idaho area - is there anyone out there who has tried this method here (or in the Pacific Northwest, smaller cities)? Thanks! Erin Dillon 208-639-2199 Office 866-817-8802 FAX dilerin at gmail.com Know someone who is struggling, or behind on their house payments? We can HELP! There are many options available and our job is to help find the one that works best for THEM. Have them call us for a FREE, NO OBLIGATION consultation. Also, ask about our referral program. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/7d76d98f/attachment.html -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/gif Size: 73 bytes Desc: not available Url : http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/7d76d98f/attachment.gif -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/gif Size: 73 bytes Desc: not available Url : http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/7d76d98f/attachment-0001.gif From n4444write at aol.com Thu Nov 12 21:19:06 2009 From: n4444write at aol.com (n4444write at aol.com) Date: Thu, 12 Nov 2009 21:19:06 -0500 Subject: [5-DayForum] Welcome to the "5-DayForum" mailing list In-Reply-To: References: Message-ID: <8CC321ECF63DEEC-13F0-16EF9@webmail-d082.sysops.aol.com> Dear Peter, Awesome! I receive emails (they usually show up in my "spam" folder because my computer doesn't recognize the senders) daily from 5-dayers, including Bill Effros who will respond occasionally to folks' email on the forum, and will, for sure, respond directly to your questions and concerns. There are all kinds of information, questions, stories, etc., and although it is wise to take everyone's experience with a HUGE grain of salt, Bill's advice and comments are consistently supportive and honest. He's all about advertising, exclusively, on Craig's List to save the cost of advertising, and he has recently recommended the weekend between the final NFL playoffs and the Superbowl as being one of the best weekends for a 5-day sale. I'm sure you'll find the forum of interest. Let me know when you've posted anything, and I'll keep an eye peeled for people's responses. Someone by the name, "JanetLight," always has a good deal to say. :-) Sadgurunath Maharaj Ki Jay! LOVE :-)Nancy -----Original Message----- From: PJ323JP at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thu, Nov 12, 2009 11:03 am Subject: Re: [5-DayForum] Welcome to the "5-DayForum" mailing list Per instructions below: My Email is PJ323JP at aol.com In a message dated 11/12/2009 9:37:52 A.M. Pacific Standard Time, 5-dayforum-request at mailman.howtosellyourhomein5days.com writes: 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/pj323jp%40aol.com You can also make such adjustments via email by sending a message to: 5-DayForum-request at mailman.howtosellyourhomein5days.com with the word `help' in the subject or body (don't include the quotes), and you will get back a message with instructions. You must know your password to change your options (including changing the password, itself) or to unsubscribe. It is: riofakmu Normally, Mailman will remind you of your mailman.howtosellyourhomein5days.com mailing list passwords once every month, although you can disable this if you prefer. This reminder will also include instructions on how to unsubscribe or change your account options. There is also a button on your options page that will email your current password to you. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/56dfb588/attachment.html From c_griffith12 at yahoo.com Thu Nov 12 21:47:40 2009 From: c_griffith12 at yahoo.com (Carrie Griffith) Date: Thu, 12 Nov 2009 18:47:40 -0800 (PST) Subject: [5-DayForum] Fw: Advice, please!! Message-ID: <796963.57944.qm@web57310.mail.re1.yahoo.com> Thank you everyone for taking the time to give me advice! The house is in Southwest VA (Coeburn, VA to be exact).? It is also surrounded by 11 acres of land (we want to sell 5 acres with it).? We think it is worth $120,000-$130,000.??It is under roof, but not liveable.? I am in agreement that it would be a good buy for a contractor or investor.? I think we may end up trying the sale after the first of the year, and maybe before that we will post it online just to see what we get.? Thank you guys so much.?I will keep you posted! ----- Forwarded Message ---- From: Carrie Griffith To: Sent: Wed, November 11, 2009 10:46:18 PM Subject: Advice, please!! Hello Everyone! I need some serious advice.? I am reading the posts to get a good idea of what everyone is feeling and doing right now with this process.? I bought the book and have read most of it.? I left it with my husband to read (he is out of town for military training, but returning this weekend).? So here's the story.... We have an unfinished house, (I would say it is 50% complete). Anyway,?It has been sitting for a few years also.? It has been in the family, we've considered finishing etc...but at this point we just want rid of it and some life changes are pressing for us to get it gone and get it gone fast!? It is in a very small town (population roughly 2,000-3,000).? Craigslist isn't as widely used, etc.? I know that Bill states in the book that it doesn't matter if it is a small town or not, it will still work.? We have been cleaning it up to try to make it look to be in best shape as possible.? We were wanting to do the 5 day sale Nov. 21-22.? After reading some of these posts, including Bill's, my confidence has dropped on doing it that weekend.?I am really disappointed to hear that.? My husband has just taken a job 7 hours away.? We are probably now going to have to sell two houses, but the one I just mentioned is our biggest problem!? I'm just looking for some advice on what types of advertising seems to work in a small community and maybe some thoughts on doing the sale now or later.? I don't want to waste our time and get a lower price, etc. Thanks in advance! -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/409c8a2a/attachment.html From aga_llc at yahoo.com Thu Nov 12 22:32:30 2009 From: aga_llc at yahoo.com (Jackie King) Date: Thu, 12 Nov 2009 19:32:30 -0800 (PST) Subject: [5-DayForum] Need someone to complete my 5-day forum in Atlanta Message-ID: <275028.72435.qm@web45507.mail.sp1.yahoo.com> I no longer live in Atlanta, and I was trying to see if anyone knows of someone that will do the open house portion for me for a fee. I can do all the upfront stuff and the Round Robin Bidding. I just need someone to be there. Please email me if you know of someone familiar with the process that can do it for me. Thanks! Jackie aga_llc at yahoo.com -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091112/e90b1d1c/attachment.html From PJ323JP at aol.com Fri Nov 13 02:43:17 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Fri, 13 Nov 2009 02:43:17 EST Subject: [5-DayForum] Welcome to the "5-DayForum" mailing list Message-ID: Dear Nancy, What a nice surprise! I thought I was just going through the motions, to get registered, and who greets me from the forum? I'm so glad that you're familiar with this list already. I must admit that I'm tardy teach, but I'm glad to have arrived, nonetheless. The physical work on the house has left me a bit disinterested in the sale process but now that the end is nearly in view, I'm ready to dive in. Your enthusiast company here will make it all the more rewarding. I'm about two thirds the way through the current addition of the 5-Day book. It appears that Mr. Effros has made a number of improvements and refinements, since the first addition. I'm glad to know that many people have used his ideas successfully since that time. SGMKJ! Light and Love, Peter In a message dated 11/12/2009 6:30:03 P.M. Pacific Standard Time, n4444write at aol.com writes: Dear Peter, Awesome! I receive emails (they usually show up in my "spam" folder because my computer doesn't recognize the senders) daily from 5-dayers, including Bill Effros who will respond occasionally to folks' email on the forum, and will, for sure, respond directly to your questions and concerns. There are all kinds of information, questions, stories, etc., and although it is wise to take everyone's experience with a HUGE grain of salt, Bill's advice and comments are consistently supportive and honest. He's all about advertising, exclusively, on Craig's List to save the cost of advertising, and he has recently recommended the weekend between the final NFL playoffs and the Superbowl as being one of the best weekends for a 5-day sale. I'm sure you'll find the forum of interest. Let me know when you've posted anything, and I'll keep an eye peeled for people's responses. Someone by the name, "JanetLight," always has a good deal to say. :-) Sadgurunath Maharaj Ki Jay! LOVE :-)Nancy -----Original Message----- From: PJ323JP at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thu, Nov 12, 2009 11:03 am Subject: Re: [5-DayForum] Welcome to the "5-DayForum" mailing list Per instructions below: My Email is _PJ323JP at aol.com_ (mailto:PJ323JP at aol.com) In a message dated 11/12/2009 9:37:52 A.M. Pacific Standard Time, _5-dayforum-request at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-request at mailman.howtosellyourhomein5days.com) writes: Welcome to the _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) mailing list! To post to this list, send your email to: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) General information about the mailing list is at: _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (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/ pj323jp%40aol.com_ (http://mailman.howtosellyourhomein5days.com/mailman/options.cgi/5-dayforum/pj323jp at aol.com) You can also make such adjustments via email by sending a message to: _5-DayForum-request at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum-request at mailman.howtosellyourhomein5days.com) with the word `help' in the subject or body (don't include the quotes), and you will get back a message with instructions. You must know your password to change your options (including changing the password, itself) or to unsubscribe. It is: riofakmu Normally, Mailman will remind you of your mailman.howtosellyourhomein5days.com mailing list passwords once every month, although you can disable this if you prefer. This reminder will also include instructions on how to unsubscribe or change your account options. There is also a button on your options page that will email your current password to you. _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum_ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091113/009bf131/attachment.html From Janetislight at aol.com Fri Nov 13 10:50:21 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 13 Nov 2009 10:50:21 EST Subject: [5-DayForum] Welcome to the "5-DayForum" mailing list Message-ID: Am I a "Chatty Cathy?" LOL Janet In a message dated 11/12/2009 8:29:59 P.M. Central Standard Time, n4444write at aol.com writes: Dear Peter, Awesome! I receive emails (they usually show up in my "spam" folder because my computer doesn't recognize the senders) daily from 5-dayers, including Bill Effros who will respond occasionally to folks' email on the forum, and will, for sure, respond directly to your questions and concerns. There are all kinds of information, questions, stories, etc., and although it is wise to take everyone's experience with a HUGE grain of salt, Bill's advice and comments are consistently supportive and honest. He's all about advertising, exclusively, on Craig's List to save the cost of advertising, and he has recently recommended the weekend between the final NFL playoffs and the Superbowl as being one of the best weekends for a 5-day sale. I'm sure you'll find the forum of interest. Let me know when you've posted anything, and I'll keep an eye peeled for people's responses. Someone by the name, "JanetLight," always has a good deal to say. :-) Sadgurunath Maharaj Ki Jay! LOVE :-)Nancy -----Original Message----- From: PJ323JP at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thu, Nov 12, 2009 11:03 am Subject: Re: [5-DayForum] Welcome to the "5-DayForum" mailing list Per instructions below: My Email is _PJ323JP at aol.com_ (mailto:PJ323JP at aol.com) In a message dated 11/12/2009 9:37:52 A.M. Pacific Standard Time, _5-dayforum-request at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-request at mailman.howtosellyourhomein5days.com) writes: Welcome to the _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) mailing list! To post to this list, send your email to: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) General information about the mailing list is at: _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (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/ pj323jp%40aol.com_ (http://mailman.howtosellyourhomein5days.com/mailman/options.cgi/5-dayforum/pj323jp at aol.com) You can also make such adjustments via email by sending a message to: _5-DayForum-request at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum-request at mailman.howtosellyourhomein5days.com) with the word `help' in the subject or body (don't include the quotes), and you will get back a message with instructions. You must know your password to change your options (including changing the password, itself) or to unsubscribe. It is: riofakmu Normally, Mailman will remind you of your mailman.howtosellyourhomein5days.com mailing list passwords once every month, although you can disable this if you prefer. This reminder will also include instructions on how to unsubscribe or change your account options. There is also a button on your options page that will email your current password to you. _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum_ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091113/8d0a02dd/attachment.html From PJ323JP at aol.com Fri Nov 13 11:39:19 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Fri, 13 Nov 2009 11:39:19 EST Subject: [5-DayForum] Welcome to the "5-DayForum" mailing list Message-ID: Hi Janet, Over the last ten years I've participated in about six message board communities, each one for a year or more. I noticed that the energy of each place is determined by the knowledge and enthusiasm of those who form the central, sustaining group. Apparently you are a sustaining member of the hub, bub. ;-) Peter In a message dated 11/13/2009 7:51:42 A.M. Pacific Standard Time, Janetislight at aol.com writes: Am I a "Chatty Cathy?" LOL Janet -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091113/37294588/attachment.html From m_lavering at yahoo.com Sat Nov 14 16:37:03 2009 From: m_lavering at yahoo.com (michael lavering) Date: Sat, 14 Nov 2009 13:37:03 -0800 (PST) Subject: [5-DayForum] The Appraiser Message-ID: <604685.77617.qm@web36902.mail.mud.yahoo.com> Hello folks, A while ago, when the lending authorities wrongly concluded that the way out of the housing mess, was to restrict the buyer pool, by bringing the number of mortgages an individual could have from 10 to 4, I asked you all to write to your congressional delegates, this was obviously a success as shortly thereafter the lending authorities increased the number back to 10. Well folks, and I have heard you complain about and share you contempt for these "professionals", the following is my letter to my congressional delegates, you of course, with my full permission "cut and paste" it into your own letter(s): To Your Congressional Delegate: ? I wish to express my total dissatisfaction with the appraisal process, and the way the appraisal is used in the real estate transaction process.? Please allow me to explain: After the buyer and seller come to terms on a piece of real estate, the entire deal can be undone and or set aside by the appraisal / appraiser. ? While I will acknowledge there is a valuable and real need for appraisals, to ensure the lender that the buyer and seller are not collaborating to consummate a fraudulent sale at the lender?s expense.? It is the ?drop dead? price as certified by the appraiser that I object to, because in all reality, we are all at the mercy of this one person?s potentially subjective and or flawed opinion / logic.? ? A better and more reliable practice would be to use the certified price as it was intended, to ensure that a certified $100,000 property didn?t fraudulently sell for $200,000, but as long as the agreed upon sale price is within a reasonable tolerance (2-5%) of what the appraiser would have certified, then the lender should allow the purchase to proceed as negotiated. ?This of course would require FHA, VA, Freddie Mac, Etc. to revise their rules.? ? ? My reasoning is that under the current system, the buyer selects the lender, the lender selects the appraiser but it is the seller that assumes all the risk.? Nowhere else in commerce is this situation duplicate or tolerated.? If the appraisal comes out below the agreed upon price the buyer can insist on the entire difference, but if the appraisal comes out higher the seller can not insist on the difference, because the buyer can insist that the terms of their contract be honored.? ? What safe guards if any are there to ensure the seller, that the lender has not purposely chosen an appraiser who they know will ?low ball? the price, thus benefiting their client (the buyer) and thereby ensuring repeat business with said client? ? What recourse does the seller have, one is the cancel the sale, but the realtor may insist that his commission still be paid or two, pay for another appraisal, if the lender will accept this second appraisal.? At present there is no guarantee that the lender will accept a second appraisal.? And why would they; they have already secured a lower price for their client. ? Barring the above, the real estate contract between the buyer and seller should split the risk evenly between the two parties, or the buyer risk forfeiture of his earnest monies.? ? But this also has its problems one being the buyer may not be able to finance the additional obligation without the lending authorities? concurrence.? ? In conclusion, under the current situation, the lending authorities have inserted the appraiser as ?Judge Jury and Executioner?, to unwind fairly negotiated deals, restrain the trade and artificially suppress prices in their area of influence. ? Again, I will ask the question, what safe guards if any are there to ensure that the lenders are not purposely using an appraiser that will purposely ?bring in a low price? to benefit the lender?s client, and thus ensure repeat business from said client? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091114/702f752a/attachment.html From daddink at yahoo.com Sat Nov 14 16:52:06 2009 From: daddink at yahoo.com (David Addink) Date: Sat, 14 Nov 2009 13:52:06 -0800 (PST) Subject: [5-DayForum] confirm cfe5d7050615e5a9a0e4eef28a1e1e00965fe622 Message-ID: <420385.49634.qm@web111919.mail.gq1.yahoo.com> -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091114/a84ea234/attachment.html From n4444write at aol.com Sat Nov 14 16:58:27 2009 From: n4444write at aol.com (n4444write at aol.com) Date: Sat, 14 Nov 2009 16:58:27 -0500 Subject: [5-DayForum] Welcome to the "5-DayForum" mailing list In-Reply-To: References: Message-ID: <8CC338CBA9C5E1A-5928-2C46@webmail-d065.sysops.aol.com> Yes! But in the very best way! I have enjoyed reading your replies to so many of the folks seeking support and guidance in their efforts to make a successful sale! Your encouragement and good suggestions help those of us who are anticipating using the 5-day method to keep the ball rolling. Thank you! :-) -----Original Message----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Fri, Nov 13, 2009 7:50 am Subject: Re: [5-DayForum] Welcome to the "5-DayForum" mailing list Am I a "Chatty Cathy?" LOL Janet In a message dated 11/12/2009 8:29:59 P.M. Central Standard Time, n4444write at aol.com writes: Dear Peter, Awesome! I receive emails (they usually show up in my "spam" folder because my computer doesn't recognize the senders) daily from 5-dayers, including Bill Effros who will respond occasionally to folks' email on the forum, and will, for sure, respond directly to your questions and concerns. There are all kinds of information, questions, stories, etc., and although it is wise to take everyone's experience with a HUGE grain of salt, Bill's advice and comments are consistently supportive and honest. He's all about advertising, exclusively, on Craig's List to save the cost of advertising, and he has recently recommended the weekend between the final NFL playoffs and the Superbowl as being one of the best weekends for a 5-day sale. I'm sure you'll find the forum of interest. Let me know when you've posted anything, and I'll keep an eye peeled for people's responses. Someone by the name, "JanetLight," always has a good deal to say. :-) Sadgurunath Maharaj Ki Jay! LOVE :-)Nancy -----Original Message----- From: PJ323JP at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thu, Nov 12, 2009 11:03 am Subject: Re: [5-DayForum] Welcome to the "5-DayForum" mailing list Per instructions below: My Email is PJ323JP at aol.com In a message dated 11/12/2009 9:37:52 A.M. Pacific Standard Time, 5-dayforum-request at mailman.howtosellyourhomein5days.com writes: 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/pj323jp%40aol.com You can also make such adjustments via email by sending a message to: 5-DayForum-request at mailman.howtosellyourhomein5days.com with the word `help' in the subject or body (don't include the quotes), and you will get back a message with instructions. You must know your password to change your options (including changing the password, itself) or to unsubscribe. It is: riofakmu Normally, Mailman will remind you of your mailman.howtosellyourhomein5days.com mailing list passwords once every month, although you can disable this if you prefer. This reminder will also include instructions on how to unsubscribe or change your account options. There is also a button on your options page that will email your current password to you. _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091114/7ef6c9e7/attachment.html From Janetislight at aol.com Sat Nov 14 19:38:28 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 14 Nov 2009 19:38:28 EST Subject: [5-DayForum] Welcome to the "5-DayForum" mailing list Message-ID: Awwwwww...... thanks! I have another two houses that I may be using this method on in the next few months. I have to finish the remodeling, which I WILL NOT do at this time of year. I will wait until January to finish in time for the February "upswing." I will keep you all posted. I have had different results than what has been posed here as you know. Craig's gets me NOTHING. I've tried it in different ways, professional ads, FSBO ads, 5 day sale ads.... zippo.... nadda... not going to happen. So, I hope that those who experience this phenomena are helped with some of the tools that I have used. If you don't get your responses using the information highway as suggested, some old, tried and true methods seem to still work. I look forward to Bill's "nth" edition coming out about using the Internet. Maybe there is something I'm missing? hmmmm Greatest of luck to all!!!! Janet In a message dated 11/14/2009 4:10:53 P.M. Central Standard Time, n4444write at aol.com writes: Yes! But in the very best way! I have enjoyed reading your replies to so many of the folks seeking support and guidance in their efforts to make a successful sale! Your encouragement and good suggestions help those of us who are anticipating using the 5-day method to keep the ball rolling. Thank you! :-) -----Original Message----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Fri, Nov 13, 2009 7:50 am Subject: Re: [5-DayForum] Welcome to the "5-DayForum" mailing list Am I a "Chatty Cathy?" LOL Janet In a message dated 11/12/2009 8:29:59 P.M. Central Standard Time, _n4444write at aol.com_ (mailto:n4444write at aol.com) writes: Dear Peter, Awesome! I receive emails (they usually show up in my "spam" folder because my computer doesn't recognize the senders) daily from 5-dayers, including Bill Effros who will respond occasionally to folks' email on the forum, and will, for sure, respond directly to your questions and concerns. There are all kinds of information, questions, stories, etc., and although it is wise to take everyone's experience with a HUGE grain of salt, Bill's advice and comments are consistently supportive and honest. He's all about advertising, exclusively, on Craig's List to save the cost of advertising, and he has recently recommended the weekend between the final NFL playoffs and the Superbowl as being one of the best weekends for a 5-day sale. I'm sure you'll find the forum of interest. Let me know when you've posted anything, and I'll keep an eye peeled for people's responses. Someone by the name, "JanetLight," always has a good deal to say. :-) Sadgurunath Maharaj Ki Jay! LOVE :-)Nancy -----Original Message----- From: _PJ323JP at aol.com_ (mailto:PJ323JP at aol.com) To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Thu, Nov 12, 2009 11:03 am Subject: Re: [5-DayForum] Welcome to the "5-DayForum" mailing list Per instructions below: My Email is _PJ323JP at aol.com_ (mailto:PJ323JP at aol.com) In a message dated 11/12/2009 9:37:52 A.M. Pacific Standard Time, _5-dayforum-request at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-request at mailman.howtosellyourhomein5days.com) writes: Welcome to the _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) mailing list! To post to this list, send your email to: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) General information about the mailing list is at: _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (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/ pj323jp%40aol.com_ (http://mailman.howtosellyourhomein5days.com/mailman/options.cgi/5-dayforum/pj323jp at aol.com) You can also make such adjustments via email by sending a message to: _5-DayForum-request at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum-request at mailman.howtosellyourhomein5days.com) with the word `help' in the subject or body (don't include the quotes), and you will get back a message with instructions. You must know your password to change your options (including changing the password, itself) or to unsubscribe. It is: riofakmu Normally, Mailman will remind you of your mailman.howtosellyourhomein5days.com mailing list passwords once every month, although you can disable this if you prefer. This reminder will also include instructions on how to unsubscribe or change your account options. There is also a button on your options page that will email your current password to you. _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum_ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum_ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091114/3ea96377/attachment.html From bill at effros.com Sun Nov 15 10:06:47 2009 From: bill at effros.com (Bill Effros) Date: Sun, 15 Nov 2009 10:06:47 -0500 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: <7e32b3a90909280542y6e4e5302qcb484db318f43212@mail.gmail.com> References: <7e32b3a90909280542y6e4e5302qcb484db318f43212@mail.gmail.com> Message-ID: <4B001907.6090705@effros.com> Erik, You are quite right about the difference in pricing. It soon become clear that people had no idea of the current value of their homes. They thought if they asked more, they would get more. It didn't work that way, even in good times. People were not getting 25 responses by Friday night--that is always the tip-off. Experienced sellers on this list, who have a good sense of current market values, don't have to offer 50% off to get more than 25 responses by Friday night, although I always do. Sellers who are committed to selling Sunday night, regardless of price, will get higher offers than those who start weaseling. I have tried many different price points, and I generally have a pretty good idea of where 5-Day Sales will come out. I find the outcome easier to take when 50 people leave bids than when 6 leave bids, so I always start very low and I always accept the high bid. All the professionals will show up to bid in a successful 5-Day Sale. If they think you are selling cheap, they will scoop up your property. I've never run a 5-Day Sale that resulted in a professional buying the property -- there are always enough end-buyers at my sales willing to outbid the investors. I can't think of a time when there was a professional in the top 3. At some point you get too many people. This feels good, but is very tiring, and doesn't allow the seller to focus on the 3 top bidders because it becomes harder to figure out who they are. This is why I advertise only in Craig's list, and I no longer use signs throughout the neighborhood. I know the combination of Craig's list, a 50% off starting price, and an absolute commitment to sell to the high bidder on Sunday night, will get me the highest possible price on the weekend I select, every time. The fact that Craigslist is free, and the results so immediate, (you can know in a couple of hours whether your sale will be successful or not) are just added frosting on the cake. Bill Effros Author Erik J. Heels wrote: > Greetings, > > I am using the 5-day method for the 4th time. I've reviewed the book > "How to Sell Your Home in 5 Days" favorably on my blog and on Amazon.com: > > * Book Review: How To Sell Your Home In 5 Days > http://erikjheels.com/?p=472 > http://www.amazon.com/review/R14QZGX3I9QDSM/ref=cm_cr_rdp_perm > > The biggest difference between the the (current) 2007 3rd Edition and > the 1993 1st Edition is the issue of pricing: > > * 1st Edition: "You must honestly evaluate the absolute least > amount you'll accept and price your home at this level or > less.... Look at similar homes for sale. Is your rice about > 10% less?" > * 3rd Edition: "Run ad ad offering your home for 50 percent of > what you think it's worth 'or best offer.'" > > > Why the radical change in pricing methodology? Is someone who is in > the market for a $600,000 house more likely to respond for an ad for > $300,000 or for $500,000? > > By the way, we most recently used the 5-day method in 2000 (using the > "10% less" pricing) and had 75 people at the open house. And yes, we > sold the house for more than the listing price. > > Regards, > Erik > -- > Clock Tower Law Group [trademarks | domain names | patents] > 2 Clock Tower Place, Suite 255, Maynard, MA 01754-2545 > tel: 978-823-0008 | http://Twitter.com/ErikJHeels > fax: 978-246-0256 | http://ClockTowerLaw.com > ------------------------------------------------------------------------ > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091115/b50e4d67/attachment.html From Janetislight at aol.com Sun Nov 15 18:24:20 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sun, 15 Nov 2009 18:24:20 EST Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing Message-ID: Oh Billllllllll.... Craig's doesn't work everywhere. In fact on my house that didn't get the 25 responses, I went ahead and listed it at market on Craig's.... I received 3 calls. None prior to that when listed at 50%. There has to be alternatives for those areas that aren't candidates for this. I know 2 people personally that don't have Internet here. I live in Des Moines, IA. Not an uneducated place for sure. But it's more about family time, than online time. I surf the net several times a day looking for bargains on items I can use in my homes. I am NOT your typical Iowan. What to do, what to do.... Janet In a message dated 11/15/2009 9:07:55 A.M. Central Standard Time, bill at effros.com writes: I know the combination of Craig's list, a 50% off starting price, and an absolute commitment to sell to the high bidder on Sunday night, will get me the highest possible price on the weekend I select, every time. The fact that Craigslist is free, and the results so immediate, (you can know in a couple of hours whether your sale will be successful or not) are just added frosting on the cake. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091115/fa6167be/attachment.html From jamesfleming.realestate at gmail.com Mon Nov 16 14:12:35 2009 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Mon, 16 Nov 2009 11:12:35 -0800 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: References: Message-ID: <449AFF76BF9940DB9C2AE3D5BA525358@JIMBIZ> Janet, It has been my experience that timing has a bigger impact on whether you get responses from Craigslist than geographic area. 1. If you happen to post at a time when more people are posting than looking, your ad can be buried under hundreds of others in a matter of minutes. 2. If you happen to post at a time when few people are looking for what you have to sell, your ad can get lost in the crowd. Sellers who do their homework on the most effective ways of using Craigslist before using it for their 5-Day sales will be much happier with their results. Hoping they've picked the right 5 days out of 365 to sell their house is one thing, but taking the further risk of betting it all on one Craigslist ad is quite another. They need to learn things like when to post, how to post multiple ads, and how to leverage postlets. It sounds like Bill may be advocating Craigslist in his next edition. In my opinion, this is a very good idea. If so, hopefully he will also include a comprehensive Craigslist 'how to' section. It might even boost sales for Bill if he were to title his book "How To Sell Your Home In 5 Days On Craigslist". Jim - Realtor Vancouver WA _____ From: 5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourho mein5days.com [mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtose llyourhomein5days.com] On Behalf Of Janetislight at aol.com Sent: Sunday, November 15, 2009 3:24 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] 4th-time user of the 5-day method,question re 50% pricing Oh Billllllllll.... Craig's doesn't work everywhere. In fact on my house that didn't get the 25 responses, I went ahead and listed it at market on Craig's.... I received 3 calls. None prior to that when listed at 50%. There has to be alternatives for those areas that aren't candidates for this. I know 2 people personally that don't have Internet here. I live in Des Moines, IA. Not an uneducated place for sure. But it's more about family time, than online time. I surf the net several times a day looking for bargains on items I can use in my homes. I am NOT your typical Iowan. What to do, what to do.... Janet In a message dated 11/15/2009 9:07:55 A.M. Central Standard Time, bill at effros.com writes: I know the combination of Craig's list, a 50% off starting price, and an absolute commitment to sell to the high bidder on Sunday night, will get me the highest possible price on the weekend I select, every time. The fact that Craigslist is free, and the results so immediate, (you can know in a couple of hours whether your sale will be successful or not) are just added frosting on the cake. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/10ba705a/attachment.html From PJ323JP at aol.com Mon Nov 16 14:22:01 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Mon, 16 Nov 2009 14:22:01 EST Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing Message-ID: Greetings Jim, You bring up some points I hadn't considered. So...how about giving us all a few suggestions about working with Craig's List? Thanks, Peter In a message dated 11/16/2009 11:15:13 A.M. Pacific Standard Time, jamesfleming.realestate at gmail.com writes: Janet, It has been my experience that timing has a bigger impact on whether you get responses from Craigslist than geographic area. 1. If you happen to post at a time when more people are posting than looking, your ad can be buried under hundreds of others in a matter of minutes. 2. If you happen to post at a time when few people are looking for what you have to sell, your ad can get lost in the crowd. Sellers who do their homework on the most effective ways of using Craigslist before using it for their 5-Day sales will be much happier with their results. Hoping they?ve picked the right 5 days out of 365 to sell their house is one thing, but taking the further risk of betting it all on one Craigslist ad is quite another. They need to learn things like when to post, how to post multiple ads, and how to leverage postlets. It sounds like Bill may be advocating Craigslist in his next edition. In my opinion, this is a very good idea. If so, hopefully he will also include a comprehensive Craigslist ?how to? section. It might even boost sales for Bill if he were to title his book ?How To Sell Your Home In 5 Days On Craigslist?. Jim ? Realtor Vancouver WA -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/9f812520/attachment.html From Janetislight at aol.com Mon Nov 16 16:19:11 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Mon, 16 Nov 2009 16:19:11 EST Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing Message-ID: There are already "How To's" out there for Craig's list. I tried everything.... well at least I think I have. Need to go back a check. Signs work so well for me, that I don't think I would cut them out. I had like 19 responses from signs, the rest the paper. Let me ponder this some more... Thanks! Janet In a message dated 11/16/2009 1:23:07 P.M. Central Standard Time, PJ323JP at aol.com writes: Greetings Jim, You bring up some points I hadn't considered. So...how about giving us all a few suggestions about working with Craig's List? Thanks, Peter In a message dated 11/16/2009 11:15:13 A.M. Pacific Standard Time, jamesfleming.realestate at gmail.com writes: Janet, It has been my experience that timing has a bigger impact on whether you get responses from Craigslist than geographic area. 1. If you happen to post at a time when more people are posting than looking, your ad can be buried under hundreds of others in a matter of minutes. 2. If you happen to post at a time when few people are looking for what you have to sell, your ad can get lost in the crowd. Sellers who do their homework on the most effective ways of using Craigslist before using it for their 5-Day sales will be much happier with their results. Hoping they?ve picked the right 5 days out of 365 to sell their house is one thing, but taking the further risk of betting it all on one Craigslist ad is quite another. They need to learn things like when to post, how to post multiple ads, and how to leverage postlets. It sounds like Bill may be advocating Craigslist in his next edition. In my opinion, this is a very good idea. If so, hopefully he will also include a comprehensive Craigslist ?how to? section. It might even boost sales for Bill if he were to title his book ?How To Sell Your Home In 5 Days On Craigslist?. Jim ? Realtor Vancouver WA _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/43d839f2/attachment.html From jamesfleming.realestate at gmail.com Mon Nov 16 16:25:25 2009 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Mon, 16 Nov 2009 13:25:25 -0800 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: References: Message-ID: Hi Peter, The suggestions that I mentioned - learn when to post, learn how to post multiple ads, and learn how to leverage postlets - are covered in detail by a number of writers. If you Google "how to use craigslist" you will find loads of good resources. Bing is also a great place to start. Jim - Vancouver _____ From: 5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourho mein5days.com [mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtose llyourhomein5days.com] On Behalf Of PJ323JP at aol.com Sent: Monday, November 16, 2009 11:22 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] 4th-time user of the 5-day method,question re 50% pricing Greetings Jim, You bring up some points I hadn't considered. So...how about giving us all a few suggestions about working with Craig's List? Thanks, Peter In a message dated 11/16/2009 11:15:13 A.M. Pacific Standard Time, jamesfleming.realestate at gmail.com writes: Janet, It has been my experience that timing has a bigger impact on whether you get responses from Craigslist than geographic area. 1. If you happen to post at a time when more people are posting than looking, your ad can be buried under hundreds of others in a matter of minutes. 2. If you happen to post at a time when few people are looking for what you have to sell, your ad can get lost in the crowd. Sellers who do their homework on the most effective ways of using Craigslist before using it for their 5-Day sales will be much happier with their results. Hoping they've picked the right 5 days out of 365 to sell their house is one thing, but taking the further risk of betting it all on one Craigslist ad is quite another. They need to learn things like when to post, how to post multiple ads, and how to leverage postlets. It sounds like Bill may be advocating Craigslist in his next edition. In my opinion, this is a very good idea. If so, hopefully he will also include a comprehensive Craigslist 'how to' section. It might even boost sales for Bill if he were to title his book "How To Sell Your Home In 5 Days On Craigslist". Jim - Realtor Vancouver WA -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/b3b7eed3/attachment.html From bill at effros.com Mon Nov 16 18:40:17 2009 From: bill at effros.com (Bill Effros) Date: Mon, 16 Nov 2009 18:40:17 -0500 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: <449AFF76BF9940DB9C2AE3D5BA525358@JIMBIZ> References: <449AFF76BF9940DB9C2AE3D5BA525358@JIMBIZ> Message-ID: <4B01E2E1.3080001@effros.com> Jim, You've got the right idea. I'm not saying Craig's List will work for everyone, every time. I am saying it is a wonderful, free tool, that can help first-time 5-Day Sellers quickly learn whether they can expect the 5-Day Method to work properly for them, or not. And if not, to get out before any real damage is done. The Internet moves so much faster than published books that it's hard to recommend in print with any confidence that your advice will remain valid until the next edition is printed. I try to use this Forum for tweaks. Maybe there are places where Craig's List won't work, although I doubt it. My problem is that Craigslist today may be YouTube or Facebook tomorrow. I just try to keep current. The experience of professionals can't always be translated into advice for first time users. Many FSBOs today are simply people who have run out of options, and hope to "game" the market using the 5-Day Method. This won't work, and I want to encourage those people to immediately pull their ads before they get themselves into trouble, and discredit legitimate 5-Day Sellers. The professionals who answer question after question on this list are very valuable, and they do their industry a great credit since they can't possibly profit from most of the time they spend here. However, you should all be careful about generalizing your deep understanding of your own markets, and your depth of experience, when talking to first-time sellers in distant markets who are trying to learn a lot of very specific stuff in a very small amount of time. Doesn't make me right and you wrong. Just asking you to always bear in mind that your opinions carry a lot of weight around here, and that few FSBOs can learn everything you know in 5-Days. Bill Effros Author James Fleming wrote: > > Janet, > > > > It has been my experience that timing has a bigger impact on whether > you get responses from Craigslist than geographic area. > > 1. If you happen to post at a time when more people are posting > than looking, your ad can be buried under hundreds of others in > a matter of minutes. > 2. If you happen to post at a time when few people are looking for > what you have to sell, your ad can get lost in the crowd. > > > > Sellers who do their homework on the most effective ways of using > Craigslist before using it for their 5-Day sales will be much happier > with their results. Hoping they've picked the right 5 days out of 365 > to sell their house is one thing, but taking the further risk of > betting it all on one Craigslist ad is quite another. They need to > learn things like when to post, how to post multiple ads, and how to > leverage postlets. > > > > It sounds like Bill may be advocating Craigslist in his next edition. > In my opinion, this is a very good idea. If so, hopefully he will > also include a comprehensive Craigslist 'how to' section. It might > even boost sales for Bill if he were to title his book "How To Sell > Your Home In 5 Days On Craigslist". > > > > Jim -- Realtor > > Vancouver WA > > ------------------------------------------------------------------------ > > *From:* > 5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com > [mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com] > *On Behalf Of *Janetislight at aol.com > *Sent:* Sunday, November 15, 2009 3:24 PM > *To:* 5-dayforum at mailman.howtosellyourhomein5days.com > *Subject:* Re: [5-DayForum] 4th-time user of the 5-day method,question > re 50% pricing > > > > Oh Billllllllll.... Craig's doesn't work everywhere. In fact on my > house that didn't get the 25 responses, I went ahead and listed it at > market on Craig's.... I received 3 calls. None prior to that when > listed at 50%. There has to be alternatives for those areas that > aren't candidates for this. I know 2 people personally that don't > have Internet here. I live in Des Moines, IA. Not an uneducated > place for sure. But it's more about family time, than online time. I > surf the net several times a day looking for bargains on items I can > use in my homes. I am NOT your typical Iowan. What to do, what to do.... > > > > Janet > > > > In a message dated 11/15/2009 9:07:55 A.M. Central Standard Time, > bill at effros.com writes: > > I know the combination of Craig's list, a 50% off starting price, > and an absolute commitment to sell to the high bidder on Sunday > night, will get me the highest possible price on the weekend I > select, every time. > > The fact that Craigslist is free, and the results so immediate, > (you can know in a couple of hours whether your sale will be > successful or not) are just added frosting on the cake. > > ------------------------------------------------------------------------ > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/e91fcc64/attachment.html From Janetislight at aol.com Mon Nov 16 18:50:16 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Mon, 16 Nov 2009 18:50:16 EST Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing Message-ID: I am sorry if I sounded like is was discrediting Craigslist. I certainly wasn't as I've seen great success on here from those that have used it. I've also seen unsuccessful usage, and more success from other avenues. I'm not an "eggs all in one basket" kind of gal. And it would be too bad if this avenue doesn't work for a specific house, and a person drops the 5-day method completely, solely based on a few hours of Craigslist advertising. Janet In a message dated 11/16/2009 5:41:38 P.M. Central Standard Time, bill at effros.com writes: Jim, You've got the right idea. I'm not saying Craig's List will work for everyone, every time. I am saying it is a wonderful, free tool, that can help first-time 5-Day Sellers quickly learn whether they can expect the 5-Day Method to work properly for them, or not. And if not, to get out before any real damage is done. The Internet moves so much faster than published books that it's hard to recommend in print with any confidence that your advice will remain valid until the next edition is printed. I try to use this Forum for tweaks. Maybe there are places where Craig's List won't work, although I doubt it. My problem is that Craigslist today may be YouTube or Facebook tomorrow. I just try to keep current. The experience of professionals can't always be translated into advice for first time users. Many FSBOs today are simply people who have run out of options, and hope to "game" the market using the 5-Day Method. This won't work, and I want to encourage those people to immediately pull their ads before they get themselves into trouble, and discredit legitimate 5-Day Sellers. The professionals who answer question after question on this list are very valuable, and they do their industry a great credit since they can't possibly profit from most of the time they spend here. However, you should all be careful about generalizing your deep understanding of your own markets, and your depth of experience, when talking to first-time sellers in distant markets who are trying to learn a lot of very specific stuff in a very small amount of time. Doesn't make me right and you wrong. Just asking you to always bear in mind that your opinions carry a lot of weight around here, and that few FSBOs can learn everything you know in 5-Days. Bill Effros Author James Fleming wrote: Janet, It has been my experience that timing has a bigger impact on whether you get responses from Craigslist than geographic area. 1. If you happen to post at a time when more people are posting than looking, your ad can be buried under hundreds of others in a matter of minutes. 2. If you happen to post at a time when few people are looking for what you have to sell, your ad can get lost in the crowd. Sellers who do their homework on the most effective ways of using Craigslist before using it for their 5-Day sales will be much happier with their results. Hoping they?ve picked the right 5 days out of 365 to sell their house is one thing, but taking the further risk of betting it all on one Craigslist ad is quite another. They need to learn things like when to post, how to post multiple ads, and how to leverage postlets. It sounds like Bill may be advocating Craigslist in his next edition. In my opinion, this is a very good idea. If so, hopefully he will also include a comprehensive Craigslist ?how to? section. It might even boost sales for Bill if he were to title his book ?How To Sell Your Home In 5 Days On Craigslist?. Jim ? Realtor Vancouver WA ____________________________________ From: _5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com) [_mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+jamesfleming.realestat e=gmail.com at mailman.howtosellyourhomein5days.com) ] On Behalf Of _Janetislight at aol.com_ (mailto:Janetislight at aol.com) Sent: Sunday, November 15, 2009 3:24 PM To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Subject: Re: [5-DayForum] 4th-time user of the 5-day method,question re 50% pricing Oh Billllllllll.... Craig's doesn't work everywhere. In fact on my house that didn't get the 25 responses, I went ahead and listed it at market on Craig's.... I received 3 calls. None prior to that when listed at 50%. There has to be alternatives for those areas that aren't candidates for this. I know 2 people personally that don't have Internet here. I live in Des Moines, IA. Not an uneducated place for sure. But it's more about family time, than online time. I surf the net several times a day looking for bargains on items I can use in my homes. I am NOT your typical Iowan. What to do, what to do.... Janet In a message dated 11/15/2009 9:07:55 A.M. Central Standard Time, _bill at effros.com_ (mailto:bill at effros.com) writes: I know the combination of Craig's list, a 50% off starting price, and an absolute commitment to sell to the high bidder on Sunday night, will get me the highest possible price on the weekend I select, every time. The fact that Craigslist is free, and the results so immediate, (you can know in a couple of hours whether your sale will be successful or not) are just added frosting on the cake. ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/142a5d6d/attachment.html From PJ323JP at aol.com Mon Nov 16 22:22:03 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Mon, 16 Nov 2009 22:22:03 EST Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing Message-ID: Thanks Jim, As must be obvious, I haven't yet gotten acquainted with Craig's List so your suggestions will, no doubt, be just what I need. Peter In a message dated 11/16/2009 1:27:35 P.M. Pacific Standard Time, jamesfleming.realestate at gmail.com writes: Hi Peter, The suggestions that I mentioned ? learn when to post, learn how to post multiple ads, and learn how to leverage postlets ? are covered in detail by a number of writers. If you Google ?how to use craigslist? you will find loads of good resources. Bing is also a great place to start. Jim - Vancouver -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/50c16823/attachment.html From PJ323JP at aol.com Mon Nov 16 22:33:57 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Mon, 16 Nov 2009 22:33:57 EST Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing Message-ID: Greetings Mr. Effros, May I say that your insights about marketing and your dedication to helping those who use your method are worthy of great respect and you have mine. Thank you for making this forum available and for taking part in it. Peter In a message dated 11/16/2009 3:41:42 P.M. Pacific Standard Time, bill at effros.com writes: Jim, You've got the right idea. I'm not saying Craig's List will work for everyone, every time. I am saying it is a wonderful, free tool, that can help first-time 5-Day Sellers quickly learn whether they can expect the 5-Day Method to work properly for them, or not. And if not, to get out before any real damage is done. The Internet moves so much faster than published books that it's hard to recommend in print with any confidence that your advice will remain valid until the next edition is printed. I try to use this Forum for tweaks. Maybe there are places where Craig's List won't work, although I doubt it. My problem is that Craigslist today may be YouTube or Facebook tomorrow. I just try to keep current. The experience of professionals can't always be translated into advice for first time users. Many FSBOs today are simply people who have run out of options, and hope to "game" the market using the 5-Day Method. This won't work, and I want to encourage those people to immediately pull their ads before they get themselves into trouble, and discredit legitimate 5-Day Sellers. The professionals who answer question after question on this list are very valuable, and they do their industry a great credit since they can't possibly profit from most of the time they spend here. However, you should all be careful about generalizing your deep understanding of your own markets, and your depth of experience, when talking to first-time sellers in distant markets who are trying to learn a lot of very specific stuff in a very small amount of time. Doesn't make me right and you wrong. Just asking you to always bear in mind that your opinions carry a lot of weight around here, and that few FSBOs can learn everything you know in 5-Days. Bill Effros -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/d5d62f43/attachment.html From jonathan at neworganiclifestyle.com Mon Nov 16 14:24:27 2009 From: jonathan at neworganiclifestyle.com (Jonathan Drake) Date: Mon, 16 Nov 2009 12:24:27 -0700 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: References: Message-ID: I actually sent Bill a question regarding this very matter this morning. Hoping to see a "best" example. Thanks Jonathan ps Going to be posting it this afternoon for a showing this weekend. so any help ASAP would be great On Nov 16, 2009, at 12:22 PM, PJ323JP at aol.com wrote: > Greetings Jim, > You bring up some points I hadn't considered. So...how about > giving us all a few suggestions about working with Craig's List? > > Thanks, Peter > > In a message dated 11/16/2009 11:15:13 A.M. Pacific Standard Time, jamesfleming.realestate at gmail.com > writes: > Janet, > > > > It has been my experience that timing has a bigger impact on whether > you get responses from Craigslist than geographic area. > > If you happen to post at a time when more people are posting than > looking, your ad can be buried under hundreds of others in a matter > of minutes. > If you happen to post at a time when few people are looking for what > you have to sell, your ad can get lost in the crowd. > > > Sellers who do their homework on the most effective ways of using > Craigslist before using it for their 5-Day sales will be much > happier with their results. Hoping they?ve picked the right 5 days > out of 365 to sell their house is one thing, but taking the further > risk of betting it all on one Craigslist ad is quite another. They > need to learn things like when to post, how to post multiple ads, > and how to leverage postlets. > > > > It sounds like Bill may be advocating Craigslist in his next > edition. In my opinion, this is a very good idea. If so, hopefully > he will also include a comprehensive Craigslist ?how to? section. > It might even boost sales for Bill if he were to title his book ?How > To Sell Your Home In 5 Days On Craigslist?. > > > > Jim ? Realtor > > Vancouver WA > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/01ebc958/attachment.html From jonathan at neworganiclifestyle.com Mon Nov 16 15:41:18 2009 From: jonathan at neworganiclifestyle.com (Jonathan Drake) Date: Mon, 16 Nov 2009 13:41:18 -0700 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: References: Message-ID: <372E2DBC-CAFD-4994-9BBD-D50F9FDE6987@gmail.com> would like feedback on this listing on craigslist http://cleveland.craigslist.org/reo/1468810511.html thanks Jonathan On Nov 16, 2009, at 12:22 PM, PJ323JP at aol.com wrote: > Greetings Jim, > You bring up some points I hadn't considered. So...how about > giving us all a few suggestions about working with Craig's List? > > Thanks, Peter > > In a message dated 11/16/2009 11:15:13 A.M. Pacific Standard Time, jamesfleming.realestate at gmail.com > writes: > Janet, > > > > It has been my experience that timing has a bigger impact on whether > you get responses from Craigslist than geographic area. > > If you happen to post at a time when more people are posting than > looking, your ad can be buried under hundreds of others in a matter > of minutes. > If you happen to post at a time when few people are looking for what > you have to sell, your ad can get lost in the crowd. > > > Sellers who do their homework on the most effective ways of using > Craigslist before using it for their 5-Day sales will be much > happier with their results. Hoping they?ve picked the right 5 days > out of 365 to sell their house is one thing, but taking the further > risk of betting it all on one Craigslist ad is quite another. They > need to learn things like when to post, how to post multiple ads, > and how to leverage postlets. > > > > It sounds like Bill may be advocating Craigslist in his next > edition. In my opinion, this is a very good idea. If so, hopefully > he will also include a comprehensive Craigslist ?how to? section. > It might even boost sales for Bill if he were to title his book ?How > To Sell Your Home In 5 Days On Craigslist?. > > > > Jim ? Realtor > > Vancouver WA > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/8d277b45/attachment.html From jonathan at neworganiclifestyle.com Mon Nov 16 15:44:38 2009 From: jonathan at neworganiclifestyle.com (Jonathan Drake) Date: Mon, 16 Nov 2009 13:44:38 -0700 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: References: Message-ID: <684B4662-FFD9-40DE-ADE8-74F17786B911@gmail.com> would like feedback on this listing on craigslist http://cleveland.craigslist.org/reo/1468810511.html thanks Jonathan On Nov 16, 2009, at 12:22 PM, PJ323JP at aol.com wrote: > Greetings Jim, > You bring up some points I hadn't considered. So...how about > giving us all a few suggestions about working with Craig's List? > > Thanks, Peter > > In a message dated 11/16/2009 11:15:13 A.M. Pacific Standard Time, jamesfleming.realestate at gmail.com > writes: > Janet, > > > > It has been my experience that timing has a bigger impact on whether > you get responses from Craigslist than geographic area. > > If you happen to post at a time when more people are posting than > looking, your ad can be buried under hundreds of others in a matter > of minutes. > If you happen to post at a time when few people are looking for what > you have to sell, your ad can get lost in the crowd. > > > Sellers who do their homework on the most effective ways of using > Craigslist before using it for their 5-Day sales will be much > happier with their results. Hoping they?ve picked the right 5 days > out of 365 to sell their house is one thing, but taking the further > risk of betting it all on one Craigslist ad is quite another. They > need to learn things like when to post, how to post multiple ads, > and how to leverage postlets. > > > > It sounds like Bill may be advocating Craigslist in his next > edition. In my opinion, this is a very good idea. If so, hopefully > he will also include a comprehensive Craigslist ?how to? section. > It might even boost sales for Bill if he were to title his book ?How > To Sell Your Home In 5 Days On Craigslist?. > > > > Jim ? Realtor > > Vancouver WA > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/37844081/attachment.html From jonathan at neworganiclifestyle.com Mon Nov 16 15:44:52 2009 From: jonathan at neworganiclifestyle.com (Jonathan Drake) Date: Mon, 16 Nov 2009 13:44:52 -0700 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing In-Reply-To: References: Message-ID: I actually sent Bill a question regarding this very matter this morning. Hoping to see a "best" example. Thanks Jonathan ps Going to be posting it this afternoon for a showing this weekend. so any help ASAP would be great On Nov 16, 2009, at 12:22 PM, PJ323JP at aol.com wrote: > Greetings Jim, > You bring up some points I hadn't considered. So...how about > giving us all a few suggestions about working with Craig's List? > > Thanks, Peter > > In a message dated 11/16/2009 11:15:13 A.M. Pacific Standard Time, jamesfleming.realestate at gmail.com > writes: > Janet, > > > > It has been my experience that timing has a bigger impact on whether > you get responses from Craigslist than geographic area. > > If you happen to post at a time when more people are posting than > looking, your ad can be buried under hundreds of others in a matter > of minutes. > If you happen to post at a time when few people are looking for what > you have to sell, your ad can get lost in the crowd. > > > Sellers who do their homework on the most effective ways of using > Craigslist before using it for their 5-Day sales will be much > happier with their results. Hoping they?ve picked the right 5 days > out of 365 to sell their house is one thing, but taking the further > risk of betting it all on one Craigslist ad is quite another. They > need to learn things like when to post, how to post multiple ads, > and how to leverage postlets. > > > > It sounds like Bill may be advocating Craigslist in his next > edition. In my opinion, this is a very good idea. If so, hopefully > he will also include a comprehensive Craigslist ?how to? section. > It might even boost sales for Bill if he were to title his book ?How > To Sell Your Home In 5 Days On Craigslist?. > > > > Jim ? Realtor > > Vancouver WA > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/53a5affc/attachment.html From jonathan at neworganiclifestyle.com Mon Nov 16 15:55:44 2009 From: jonathan at neworganiclifestyle.com (Jonathan Drake) Date: Mon, 16 Nov 2009 13:55:44 -0700 Subject: [5-DayForum] craigslist ad feedback Message-ID: would like feedback on this listing on craigslist http://cleveland.craigslist.org/reo/1468810511.html thanks Jonathan -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/5cb81ecd/attachment.html From wthomas7 at satx.rr.com Mon Nov 16 19:04:18 2009 From: wthomas7 at satx.rr.com (Wayne Thomas) Date: Mon, 16 Nov 2009 18:04:18 -0600 Subject: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing References: <449AFF76BF9940DB9C2AE3D5BA525358@JIMBIZ> <4B01E2E1.3080001@effros.com> Message-ID: <67F0D436C4E748FBB4ED72B269C92516@your22ca86d5c4> I run ads on craigslist for home rentals. I always advertise on Friday afternoon about 4 PM. Sometimes they are rented that night. If I have an ad running and want to rerun on Friday I try to change every word I can especially in the subject line. For instance if I have the address on the ad I change that to the area of town. Wayne ----- Original Message ----- From: Bill Effros To: How To Sell Your Home in 5-Days Sent: Monday, November 16, 2009 5:40 PM Subject: Re: [5-DayForum] 4th-time user of the 5-day method, question re 50% pricing Jim, You've got the right idea. I'm not saying Craig's List will work for everyone, every time. I am saying it is a wonderful, free tool, that can help first-time 5-Day Sellers quickly learn whether they can expect the 5-Day Method to work properly for them, or not. And if not, to get out before any real damage is done. The Internet moves so much faster than published books that it's hard to recommend in print with any confidence that your advice will remain valid until the next edition is printed. I try to use this Forum for tweaks. Maybe there are places where Craig's List won't work, although I doubt it. My problem is that Craigslist today may be YouTube or Facebook tomorrow. I just try to keep current. The experience of professionals can't always be translated into advice for first time users. Many FSBOs today are simply people who have run out of options, and hope to "game" the market using the 5-Day Method. This won't work, and I want to encourage those people to immediately pull their ads before they get themselves into trouble, and discredit legitimate 5-Day Sellers. The professionals who answer question after question on this list are very valuable, and they do their industry a great credit since they can't possibly profit from most of the time they spend here. However, you should all be careful about generalizing your deep understanding of your own markets, and your depth of experience, when talking to first-time sellers in distant markets who are trying to learn a lot of very specific stuff in a very small amount of time. Doesn't make me right and you wrong. Just asking you to always bear in mind that your opinions carry a lot of weight around here, and that few FSBOs can learn everything you know in 5-Days. Bill Effros Author James Fleming wrote: Janet, It has been my experience that timing has a bigger impact on whether you get responses from Craigslist than geographic area. 1.. If you happen to post at a time when more people are posting than looking, your ad can be buried under hundreds of others in a matter of minutes. 2.. If you happen to post at a time when few people are looking for what you have to sell, your ad can get lost in the crowd. Sellers who do their homework on the most effective ways of using Craigslist before using it for their 5-Day sales will be much happier with their results. Hoping they've picked the right 5 days out of 365 to sell their house is one thing, but taking the further risk of betting it all on one Craigslist ad is quite another. They need to learn things like when to post, how to post multiple ads, and how to leverage postlets. It sounds like Bill may be advocating Craigslist in his next edition. In my opinion, this is a very good idea. If so, hopefully he will also include a comprehensive Craigslist 'how to' section. It might even boost sales for Bill if he were to title his book "How To Sell Your Home In 5 Days On Craigslist". Jim - Realtor Vancouver WA ---------------------------------------------------------------------------- From: 5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com] On Behalf Of Janetislight at aol.com Sent: Sunday, November 15, 2009 3:24 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] 4th-time user of the 5-day method,question re 50% pricing Oh Billllllllll.... Craig's doesn't work everywhere. In fact on my house that didn't get the 25 responses, I went ahead and listed it at market on Craig's.... I received 3 calls. None prior to that when listed at 50%. There has to be alternatives for those areas that aren't candidates for this. I know 2 people personally that don't have Internet here. I live in Des Moines, IA. Not an uneducated place for sure. But it's more about family time, than online time. I surf the net several times a day looking for bargains on items I can use in my homes. I am NOT your typical Iowan. What to do, what to do.... Janet In a message dated 11/15/2009 9:07:55 A.M. Central Standard Time, bill at effros.com writes: I know the combination of Craig's list, a 50% off starting price, and an absolute commitment to sell to the high bidder on Sunday night, will get me the highest possible price on the weekend I select, every time. The fact that Craigslist is free, and the results so immediate, (you can know in a couple of hours whether your sale will be successful or not) are just added frosting on the cake. ---------------------------------------------------------------------------- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ------------------------------------------------------------------------------ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ------------------------------------------------------------------------------ No virus found in this incoming message. Checked by AVG - www.avg.com Version: 8.5.425 / Virus Database: 270.14.67/2506 - Release Date: 11/16/09 07:43:00 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091116/44ced20d/attachment.html From Janetislight at aol.com Fri Nov 20 07:14:04 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 20 Nov 2009 07:14:04 EST Subject: [5-DayForum] craigslist ad feedback Message-ID: This is the type of ad that I received no response to. Additionally, I don't think you should put what you paid for it or the cost of improvements as it appears that you are guiding the bidding process to these numbers. The ads I have seen on here that work are the ones with pictures and many more details about the home. Good luck with your sale!!! Janet In a message dated 11/20/2009 2:19:34 A.M. Central Standard Time, jonathan at neworganiclifestyle.com writes: would like feedback on this listing on craigslist _http://cleveland.craigslist.org/reo/1468810511.html_ (http://cleveland.craigslist.org/reo/1468810511.html) thanks Jonathan _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091120/9ac25378/attachment.html From bill at effros.com Fri Nov 20 10:05:54 2009 From: bill at effros.com (Bill Effros) Date: Fri, 20 Nov 2009 10:05:54 -0500 Subject: [5-DayForum] craigslist ad feedback In-Reply-To: References: Message-ID: <4B06B052.7070604@effros.com> Jonathan, It's Friday morning. How many responses did you get to the ad? If it is fewer than 15, and you have advertised nowhere else, pull the ad, cancel the sale for this weekend, and either re-set the sale for the weekend after Thanksgiving, or find a different method to sell your home. Janet is right in everything she suggests. You didn't start with a "magic number". I know it's hard to believe how powerful these are. But they are. Your starting price should be $74,500. (and always put that comma in there so people can be sure they got the number right) Take out the information about what you paid for that house. It makes the rest of the ad unbelievable. (If you've got $185,000 in that house, you're not going to let it go for $89,500.) Add pictures. I said "no pictures" at a time when adding pictures doubled or tripled the cost of the ad. I think I would take out the telephone number. If all someone has to do is click a link and say "please send more info" you will get more responses than if they have to think about it for 1 second longer. Used properly, Craigslist is an incredible tool right now. It's completely free. And there is no risk if you use it right. If you get an overwhelming response instantly you proceed. If you want to buy some "insurance" you can add advertising, signs, flyers, broker mailings, or whatever. In my experience this does not increase the selling price, although it will increase the traffic to the point where you might not be able to handle it. If you fail to get an overwhelming response, you must really rethink all your assumptions. The problem is not that the free market is not working. It is not that a zillion people haven't seen your ad on Craigslist. If you can't get an overwhelming number of responses to an ad offering your home for 1/2 of what it is currently worth, then you are unlikely to get anywhere near what you are hoping for at this time, no matter how you plan to sell it. Try to sell it some other way. This is not a challenge, it is the only thing that makes sense. If you can sell it for what you think it is currently worth using some other method, you would be foolish not to do so...The 5-Day Method won't get you that amount at this time. If you can't sell it for what you think it is currently worth, and you can't come to an agreement with a broker about a current fair market value, then make up your mind to use the 5-Day Method the way it was intended; start low enough so that you do get 25 responses by Friday night; add as much "insurance" as you feel you need; and be prepared to actually sell your home to the high bidder Sunday night. As soon as you start weaseling on that offer, and I don't care what your lawyer tells you, you will not get the highest possible price for your home Sunday night, and all 5-Day bets are off. If you do it right, you will wind up with the person willing to pay the most for your home at the current time, and if it is possible to come out to a fair deal, you will do so. Bill Effros Author Janetislight at aol.com wrote: > This is the type of ad that I received no response to. Additionally, > I don't think you should put what you paid for it or the cost of > improvements as it appears that you are guiding the bidding process to > these numbers. The ads I have seen on here that work are the ones > with pictures and many more details about the home. Good luck with > your sale!!! > > Janet > > > In a message dated 11/20/2009 2:19:34 A.M. Central Standard Time, > jonathan at neworganiclifestyle.com writes: > > would like feedback on this listing on craigslist > > http://cleveland.craigslist.org/reo/1468810511.html > > thanks > Jonathan > > > _______________________________________________ > 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 > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091120/f8e4a0bc/attachment.html From jonathan at neworganiclifestyle.com Fri Nov 20 10:21:55 2009 From: jonathan at neworganiclifestyle.com (Jonathan Drake) Date: Fri, 20 Nov 2009 08:21:55 -0700 Subject: [5-DayForum] craigslist ad feedback In-Reply-To: <4B06B052.7070604@effros.com> References: <4B06B052.7070604@effros.com> Message-ID: Thanks for the quick replies? It is just to bad that I got them early friday morning when i posted them on monday. The response has been muted and I will call the sale off. I look forward to the newer edition book ( i just bought the kindle version) Cheers, Jonathan ps I also do not see how to search the forums for specific posts.... ie craigslist On Nov 20, 2009, at 8:05 AM, Bill Effros wrote: > Jonathan, > > It's Friday morning. How many responses did you get to the ad? > > If it is fewer than 15, and you have advertised nowhere else, pull > the ad, cancel the sale for this weekend, and either re-set the sale > for the weekend after Thanksgiving, or find a different method to > sell your home. > > Janet is right in everything she suggests. > > You didn't start with a "magic number". I know it's hard to believe > how powerful these are. But they are. > > Your starting price should be $74,500. (and always put that comma > in there so people can be sure they got the number right) > > Take out the information about what you paid for that house. It > makes the rest of the ad unbelievable. (If you've got $185,000 in > that house, you're not going to let it go for $89,500.) > > Add pictures. I said "no pictures" at a time when adding pictures > doubled or tripled the cost of the ad. > > I think I would take out the telephone number. If all someone has > to do is click a link and say "please send more info" you will get > more responses than if they have to think about it for 1 second > longer. > > Used properly, Craigslist is an incredible tool right now. It's > completely free. And there is no risk if you use it right. > > If you get an overwhelming response instantly you proceed. If you > want to buy some "insurance" you can add advertising, signs, flyers, > broker mailings, or whatever. In my experience this does not > increase the selling price, although it will increase the traffic to > the point where you might not be able to handle it. > > If you fail to get an overwhelming response, you must really rethink > all your assumptions. The problem is not that the free market is > not working. It is not that a zillion people haven't seen your ad > on Craigslist. > > If you can't get an overwhelming number of responses to an ad > offering your home for 1/2 of what it is currently worth, then you > are unlikely to get anywhere near what you are hoping for at this > time, no matter how you plan to sell it. Try to sell it some other > way. This is not a challenge, it is the only thing that makes > sense. If you can sell it for what you think it is currently worth > using some other method, you would be foolish not to do so...The 5- > Day Method won't get you that amount at this time. > > If you can't sell it for what you think it is currently worth, and > you can't come to an agreement with a broker about a current fair > market value, then make up your mind to use the 5-Day Method the way > it was intended; start low enough so that you do get 25 responses by > Friday night; add as much "insurance" as you feel you need; and be > prepared to actually sell your home to the high bidder Sunday > night. As soon as you start weaseling on that offer, and I don't > care what your lawyer tells you, you will not get the highest > possible price for your home Sunday night, and all 5-Day bets are off. > > If you do it right, you will wind up with the person willing to pay > the most for your home at the current time, and if it is possible to > come out to a fair deal, you will do so. > > Bill Effros > Author > > > > Janetislight at aol.com wrote: >> >> This is the type of ad that I received no response to. >> Additionally, I don't think you should put what you paid for it or >> the cost of improvements as it appears that you are guiding the >> bidding process to these numbers. The ads I have seen on here that >> work are the ones with pictures and many more details about the >> home. Good luck with your sale!!! >> >> Janet >> >> >> In a message dated 11/20/2009 2:19:34 A.M. Central Standard Time, jonathan at neworganiclifestyle.com >> writes: >> would like feedback on this listing on craigslist >> >> http://cleveland.craigslist.org/reo/1468810511.html >> >> thanks >> Jonathan >> >> >> _______________________________________________ >> 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091120/266756a3/attachment.html From randy at pbx-refunds.com Fri Nov 20 10:53:34 2009 From: randy at pbx-refunds.com (Randy Edwards) Date: Fri, 20 Nov 2009 09:53:34 -0600 Subject: [5-DayForum] Affiliate Program Message-ID: Bill Hi, I bought your book 4-5 months ago and promptly sold the house I had at that time. Anyway, I would like to market your book and concepts to others here in South Texas. Do you have an affiliate program, where I can get paid to sell your stuff? In so send me the details. Thank you for your help. Let me know if you have questions. Randy Edwards 210-835-5826 cell 830-331-4092 home -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091120/042638ca/attachment.html From PJ323JP at aol.com Fri Nov 20 18:02:33 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Fri, 20 Nov 2009 18:02:33 EST Subject: [5-DayForum] craigslist ad feedback Message-ID: Thanks Mr. Effros, Your critique of Jonathan's ad is insightful and helpful. Peter In a message dated 11/20/2009 7:06:58 A.M. Pacific Standard Time, bill at effros.com writes: Jonathan, It's Friday morning. How many responses did you get to the ad? If it is fewer than 15, and you have advertised nowhere else, pull the ad, cancel the sale for this weekend, and either re-set the sale for the weekend after Thanksgiving, or find a different method to sell your home. Janet is right in everything she suggests. You didn't start with a "magic number". I know it's hard to believe how powerful these are. But they are. Your starting price should be $74,500. (and always put that comma in there so people can be sure they got the number right) Take out the information about what you paid for that house. It makes the rest of the ad unbelievable. (If you've got $185,000 in that house, you're not going to let it go for $89,500.) Add pictures. I said "no pictures" at a time when adding pictures doubled or tripled the cost of the ad. I think I would take out the telephone number. If all someone has to do is click a link and say "please send more info" you will get more responses than if they have to think about it for 1 second longer. Used properly, Craigslist is an incredible tool right now. It's completely free. And there is no risk if you use it right. If you get an overwhelming response instantly you proceed. If you want to buy some "insurance" you can add advertising, signs, flyers, broker mailings, or whatever. In my experience this does not increase the selling price, although it will increase the traffic to the point where you might not be able to handle it. If you fail to get an overwhelming response, you must really rethink all your assumptions. The problem is not that the free market is not working. It is not that a zillion people haven't seen your ad on Craigslist. If you can't get an overwhelming number of responses to an ad offering your home for 1/2 of what it is currently worth, then you are unlikely to get anywhere near what you are hoping for at this time, no matter how you plan to sell it. Try to sell it some other way. This is not a challenge, it is the only thing that makes sense. If you can sell it for what you think it is currently worth using some other method, you would be foolish not to do so...The 5-Day Method won't get you that amount at this time. If you can't sell it for what you think it is currently worth, and you can't come to an agreement with a broker about a current fair market value, then make up your mind to use the 5-Day Method the way it was intended; start low enough so that you do get 25 responses by Friday night; add as much "insurance" as you feel you need; and be prepared to actually sell your home to the high bidder Sunday night. As soon as you start weaseling on that offer, and I don't care what your lawyer tells you, you will not get the highest possible price for your home Sunday night, and all 5-Day bets are off. If you do it right, you will wind up with the person willing to pay the most for your home at the current time, and if it is possible to come out to a fair deal, you will do so. Bill Effros Author _Janetislight at aol.com_ (mailto:Janetislight at aol.com) wrote: This is the type of ad that I received no response to. Additionally, I don't think you should put what you paid for it or the cost of improvements as it appears that you are guiding the bidding process to these numbers. The ads I have seen on here that work are the ones with pictures and many more details about the home. Good luck with your sale!!! Janet In a message dated 11/20/2009 2:19:34 A.M. Central Standard Time, _jonathan at neworganiclifestyle.com_ (mailto:jonathan at neworganiclifestyle.com) writes: would like feedback on this listing on craigslist _http://cleveland.craigslist.org/reo/1468810511.html_ (http://cleveland.craigslist.org/reo/1468810511.html) thanks Jonathan _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091120/657faa1d/attachment.html From admin at standardcandledesign.com Fri Nov 20 22:28:58 2009 From: admin at standardcandledesign.com (admin at standardcandledesign.com) Date: Fri, 20 Nov 2009 20:28:58 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Message-ID: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: > TWIN FALLS (ID) BY OWNER > 3Bdrm 2 Bath, Built 2006, Fenced > Landscaped, 2 Car Garage > $69,500 or BEST OFFER > Inspection Sat-Sun 10-5 > Will be sold Sunday night to > HIGHEST BIDDER 801-755-5502 > > We advertised with the local newspaper, both online/print. We did > some fliers at some community bulletin boards, street posters on the open house days. The area is about > 100,000 population, and nothing for two hours in any direction so the > local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo From bill at effros.com Sat Nov 21 02:58:02 2009 From: bill at effros.com (Bill Effros) Date: Sat, 21 Nov 2009 02:58:02 -0500 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... In-Reply-To: References: Message-ID: <4B079D8A.3030201@effros.com> Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: > To Anyone, > > I attempted a home sale using the 5-Day Method, for the most part, we went > by the book... 3rd Edition... > > We figured our home was worth 140k-ish... mainly looking at what other > homes in our area went for... > > Here WAS our Ad: > >> TWIN FALLS (ID) BY OWNER >> 3Bdrm 2 Bath, Built 2006, Fenced >> Landscaped, 2 Car Garage >> $69,500 or BEST OFFER >> Inspection Sat-Sun 10-5 >> Will be sold Sunday night to >> HIGHEST BIDDER 801-755-5502 >> >> We advertised with the local newspaper, both online/print. We did >> some fliers at some community bulletin boards, street posters on the open >> > house days. The area is about > >> 100,000 population, and nothing for two hours in any direction so the >> local newspaper is about it for advertising besides Craiglist, which we >> > already did. > > Admittedly I broke 2 rules... > > By Friday Night, with Craiglist ad responses included (starting Monday, > paper ad Wednesday) we were at 23 contacts... > > BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of > course nothing in the book spells out Halloween, because Halloween doesn't > always fall on a weekend as it did this year... > > So I believe we were foolish by not STRICTLY following the 25 rule... > > Yet my rational brain has a hard time accepting that 2 more contacts would > make a difference... > > By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the > last contact and we were at 43. (Although we still got contacts for 10 days > after...) > > During the open house days we had a total of 20 groups. ALL of them > commented emphatically that it was a BEAUTIFUL, LOVELY home... even had > some church ladies stop in, and they told me they felt heaven in our > home... > > 9 people left bids... > > 7 of them were investors and all dropped out at 99,400 > > The final round was one phone call with a top bid of 106,500 that the > 99,400 bidder didn't care to top, we waited 25 minutes... devastated... > > When I called and explained to the high bidder I couldn't sell it for > 106,5k cause I owe 128k, the high bidder said he wasn't interested in > settling for any higher than his price... because he "couldn't afford it." > > I didn't bother to call the second highest bidder... cause we waited 25 > minutes... > > The next day, the second highest bidder called to see how it went, when I > told him, he said that he was prepared to bid at least 130k, which I would > have settled for, but he decided it was in his best interest to purchase a > brand new home with similar specs from a builder instead for 135K (no > landscaping/fencing) but 'new' was important to this first time buyer... > even though my home is only 3 years old. > > Since then... I find myself at a loss... because I REALLY don't want to use > a real estate agent, I keep getting a sick feeling when I think that > they'll basically be finding some buyer that can barely afford my home and > talk me into rolling closing costs into the price...after they've tried to > convince me that I should list it for higher, and reduce it as > necessary...etc... > > What lessons should I have taken from this? Because my estimation is > everything went smooth even for Halloween Weekend, except for the "magical" > 25... > > Please... convince me not to work with a real estate agent... tell me my > options... > > I'm now 1800+ miles from the house and the house is now empty...and I have > no buyers... what have others done? > > -Justin Spagnolo > > > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/750ae1bb/attachment.html From oneal747 at gmail.com Sat Nov 21 03:15:53 2009 From: oneal747 at gmail.com (Mary O'Neal) Date: Sat, 21 Nov 2009 03:15:53 -0500 Subject: [5-DayForum] Your Book Message-ID: Mr. Effros, What is the difference in the light colored book and the green book? I know that the green book is the Third Edition? However, I would like to know if you have improved the book in the Third Edition? Thank you in advance for your feedback. By the way, I have heard rave reviews about the book. Thanks again. -- Mary O'Neal Hablo Espa?ol Bess Realty Professionals 1400 Veterans Memorial Hwy, Ste 128 Mableton, GA 30126 Phone 404-456-8850 Fax 770-797-2920 oneal747 at gmail.com www.atlantabuynewhomes.com www.usalatinotoday.com -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/929d31d6/attachment.html From Andy.Klee at ERPtips.com Sat Nov 21 09:06:37 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Sat, 21 Nov 2009 07:06:37 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... In-Reply-To: <4B079D8A.3030201@effros.com> Message-ID: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/47878e54/attachment.html From bill at effros.com Sat Nov 21 09:15:23 2009 From: bill at effros.com (Bill Effros) Date: Sat, 21 Nov 2009 09:15:23 -0500 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... In-Reply-To: References: Message-ID: <4B07F5FB.9080105@effros.com> No. Bill Effros Author Andy Klee wrote: > How can anyone advertise that they are selling to the highest bidder > and then not do that? Doesn't that open you up to being sued? > > Andy > > -----Original Message----- > *From:* > 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com > [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]*On > Behalf Of *Bill Effros > *Sent:* Saturday, November 21, 2009 12:58 AM > *To:* How To Sell Your Home in 5-Days > *Subject:* Re: [5-DayForum] I need some POST-5-Day Sale > analysis... because I failed miserably... > > Justin, > > On the weekend you offered your home it was worth between $100,000 > and $110,000. You were offered fair money, and you located the > top bidders. The 5-Day Method doesn't change the market. > > What you paid for your home, or how much you have in it, makes no > difference with regard to current market value. > > If you were selling a used car, would you expect to get back what > you paid? If you were selling stock would you expect to get back > what you paid if the market is "down"? > > Same with homes. So many home owners thought they would > automatically get more than they paid when it came time to sell. > Free markets don't work that way. > > Empty houses quickly become problems. > > I would offer your home through a broker for a few months to see > if you can net $110,000. That way, at least someone will be > keeping an eye on your home. If a broker can get you $110,000 > after commission, take it. If not, offer your home for $49,500 > using the 5-Day Method in early Spring, and follow through. You > know the drill. You will again be offered fair market value--take it. > > Bill Effros > Author > > admin at standardcandledesign.com wrote: >> To Anyone, >> >> I attempted a home sale using the 5-Day Method, for the most part, we went >> by the book... 3rd Edition... >> >> We figured our home was worth 140k-ish... mainly looking at what other >> homes in our area went for... >> >> Here WAS our Ad: >> >>> TWIN FALLS (ID) BY OWNER >>> 3Bdrm 2 Bath, Built 2006, Fenced >>> Landscaped, 2 Car Garage >>> $69,500 or BEST OFFER >>> Inspection Sat-Sun 10-5 >>> Will be sold Sunday night to >>> HIGHEST BIDDER 801-755-5502 >>> >>> We advertised with the local newspaper, both online/print. We did >>> some fliers at some community bulletin boards, street posters on the open >>> >> house days. The area is about >> >>> 100,000 population, and nothing for two hours in any direction so the >>> local newspaper is about it for advertising besides Craiglist, which we >>> >> already did. >> >> Admittedly I broke 2 rules... >> >> By Friday Night, with Craiglist ad responses included (starting Monday, >> paper ad Wednesday) we were at 23 contacts... >> >> BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of >> course nothing in the book spells out Halloween, because Halloween doesn't >> always fall on a weekend as it did this year... >> >> So I believe we were foolish by not STRICTLY following the 25 rule... >> >> Yet my rational brain has a hard time accepting that 2 more contacts would >> make a difference... >> >> By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the >> last contact and we were at 43. (Although we still got contacts for 10 days >> after...) >> >> During the open house days we had a total of 20 groups. ALL of them >> commented emphatically that it was a BEAUTIFUL, LOVELY home... even had >> some church ladies stop in, and they told me they felt heaven in our >> home... >> >> 9 people left bids... >> >> 7 of them were investors and all dropped out at 99,400 >> >> The final round was one phone call with a top bid of 106,500 that the >> 99,400 bidder didn't care to top, we waited 25 minutes... devastated... >> >> When I called and explained to the high bidder I couldn't sell it for >> 106,5k cause I owe 128k, the high bidder said he wasn't interested in >> settling for any higher than his price... because he "couldn't afford it." >> >> I didn't bother to call the second highest bidder... cause we waited 25 >> minutes... >> >> The next day, the second highest bidder called to see how it went, when I >> told him, he said that he was prepared to bid at least 130k, which I would >> have settled for, but he decided it was in his best interest to purchase a >> brand new home with similar specs from a builder instead for 135K (no >> landscaping/fencing) but 'new' was important to this first time buyer... >> even though my home is only 3 years old. >> >> Since then... I find myself at a loss... because I REALLY don't want to use >> a real estate agent, I keep getting a sick feeling when I think that >> they'll basically be finding some buyer that can barely afford my home and >> talk me into rolling closing costs into the price...after they've tried to >> convince me that I should list it for higher, and reduce it as >> necessary...etc... >> >> What lessons should I have taken from this? Because my estimation is >> everything went smooth even for Halloween Weekend, except for the "magical" >> 25... >> >> Please... convince me not to work with a real estate agent... tell me my >> options... >> >> I'm now 1800+ miles from the house and the house is now empty...and I have >> no buyers... what have others done? >> >> -Justin Spagnolo >> >> >> >> _______________________________________________ >> 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 > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/ac1f0c7b/attachment.html From bill at effros.com Sat Nov 21 09:31:11 2009 From: bill at effros.com (Bill Effros) Date: Sat, 21 Nov 2009 09:31:11 -0500 Subject: [5-DayForum] Your Book In-Reply-To: References: Message-ID: <4B07F9AF.9080306@effros.com> Mary, I rewrite the book from cover to cover whenever I feel the book has become "dated," without regard to what I said in the previous edition. Things change, and we all know things have changed more in the residential housing market over the past 20 years than anywhere else we can think of that directly effects us. IMHO the underlying premise of "How to Sell Your Home in 5-Days" remains valid, only the methodology changes over time. Even though the green cover 3rd edition is already outdated, it builds on later information than the yellow cover second edition. It is probably worth the roughly $10 it will cost you to see how my thinking on the topic evolved. Then follow this forum, and dig through the archives to see what the 4th edition will look like. I have always used the experiences of thousands of homeowners who have used the 5-Day Method to help me make updated recommendations for new editions. Previously all the correspondence was private and "back-channel". Now I correspond almost entirely on this Forum, and anyone willing to make the effort can see which direction I am headed. Bill Effros Author Mary O'Neal wrote: > Mr. Effros, > > What is the difference in the light colored book and the green book? > > I know that the green book is the Third Edition? However, I would > like to know if you have improved the book in the Third Edition? > > Thank you in advance for your feedback. > By the way, I have heard rave reviews about the book. > > Thanks again. > -- > Mary O'Neal > Hablo Espa?ol > Bess Realty Professionals > 1400 Veterans Memorial Hwy, Ste 128 > Mableton, GA 30126 > Phone 404-456-8850 > Fax 770-797-2920 > oneal747 at gmail.com > www.atlantabuynewhomes.com > www.usalatinotoday.com > ------------------------------------------------------------------------ > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/14c9d1c6/attachment.html From Andy.Klee at ERPtips.com Sat Nov 21 10:00:30 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Sat, 21 Nov 2009 08:00:30 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... In-Reply-To: <4B07F5FB.9080105@effros.com> Message-ID: OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/157706a9/attachment.html From Andy.Klee at ERPtips.com Sat Nov 21 10:11:25 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Sat, 21 Nov 2009 08:11:25 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Message-ID: OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/3bc18b7e/attachment.html From bill at effros.com Sat Nov 21 10:12:42 2009 From: bill at effros.com (Bill Effros) Date: Sat, 21 Nov 2009 10:12:42 -0500 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... In-Reply-To: References: Message-ID: <4B08036A.4030400@effros.com> Not ethical, Andy, I'm with you there. If you are not going to do it, don't say you are. And if legal weaseling is part of your plan, don't use the 5-Day Method and instead let your lawyer sell your home for you for the minimum price you will accept. The 5-Day Method will get you a fair market price every time if you closely follow the technique. That means following through on Sunday night, no matter how far the final price is from what you were hoping for. And always remember that the agreed price on Sunday night does not guarantee a sale. Neither the buyer nor the seller is legally bound at that point. No home is "really" sold until the closing, and lots of people can veto the deal right up to that point. It happens thousands of times every day. Bill Effros Author Andy Klee wrote: > OK then. How ethical is it to say that you will sell the house to the > highest bidder, and then not do it? > > -----Original Message----- > *From:* > 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com > [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]*On > Behalf Of *Bill Effros > *Sent:* Saturday, November 21, 2009 7:15 AM > *To:* How To Sell Your Home in 5-Days > *Subject:* Re: [5-DayForum] I need some POST-5-Day Sale > analysis... because I failed miserably... > > No. > > Bill Effros > Author > > Andy Klee wrote: >> How can anyone advertise that they are selling to the highest >> bidder and then not do that? Doesn't that open you up to being >> sued? >> >> Andy >> >> -----Original Message----- >> *From:* >> 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com >> [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]*On >> Behalf Of *Bill Effros >> *Sent:* Saturday, November 21, 2009 12:58 AM >> *To:* How To Sell Your Home in 5-Days >> *Subject:* Re: [5-DayForum] I need some POST-5-Day Sale >> analysis... because I failed miserably... >> >> Justin, >> >> On the weekend you offered your home it was worth between >> $100,000 and $110,000. You were offered fair money, and you >> located the top bidders. The 5-Day Method doesn't change the >> market. >> >> What you paid for your home, or how much you have in it, >> makes no difference with regard to current market value. >> >> If you were selling a used car, would you expect to get back >> what you paid? If you were selling stock would you expect to >> get back what you paid if the market is "down"? >> >> Same with homes. So many home owners thought they would >> automatically get more than they paid when it came time to >> sell. Free markets don't work that way. >> >> Empty houses quickly become problems. >> >> I would offer your home through a broker for a few months to >> see if you can net $110,000. That way, at least someone will >> be keeping an eye on your home. If a broker can get you >> $110,000 after commission, take it. If not, offer your home >> for $49,500 using the 5-Day Method in early Spring, and >> follow through. You know the drill. You will again be >> offered fair market value--take it. >> >> Bill Effros >> Author >> >> admin at standardcandledesign.com wrote: >>> To Anyone, >>> >>> I attempted a home sale using the 5-Day Method, for the most part, we went >>> by the book... 3rd Edition... >>> >>> We figured our home was worth 140k-ish... mainly looking at what other >>> homes in our area went for... >>> >>> Here WAS our Ad: >>> >>>> TWIN FALLS (ID) BY OWNER >>>> 3Bdrm 2 Bath, Built 2006, Fenced >>>> Landscaped, 2 Car Garage >>>> $69,500 or BEST OFFER >>>> Inspection Sat-Sun 10-5 >>>> Will be sold Sunday night to >>>> HIGHEST BIDDER 801-755-5502 >>>> >>>> We advertised with the local newspaper, both online/print. We did >>>> some fliers at some community bulletin boards, street posters on the open >>>> >>> house days. The area is about >>> >>>> 100,000 population, and nothing for two hours in any direction so the >>>> local newspaper is about it for advertising besides Craiglist, which we >>>> >>> already did. >>> >>> Admittedly I broke 2 rules... >>> >>> By Friday Night, with Craiglist ad responses included (starting Monday, >>> paper ad Wednesday) we were at 23 contacts... >>> >>> BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of >>> course nothing in the book spells out Halloween, because Halloween doesn't >>> always fall on a weekend as it did this year... >>> >>> So I believe we were foolish by not STRICTLY following the 25 rule... >>> >>> Yet my rational brain has a hard time accepting that 2 more contacts would >>> make a difference... >>> >>> By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the >>> last contact and we were at 43. (Although we still got contacts for 10 days >>> after...) >>> >>> During the open house days we had a total of 20 groups. ALL of them >>> commented emphatically that it was a BEAUTIFUL, LOVELY home... even had >>> some church ladies stop in, and they told me they felt heaven in our >>> home... >>> >>> 9 people left bids... >>> >>> 7 of them were investors and all dropped out at 99,400 >>> >>> The final round was one phone call with a top bid of 106,500 that the >>> 99,400 bidder didn't care to top, we waited 25 minutes... devastated... >>> >>> When I called and explained to the high bidder I couldn't sell it for >>> 106,5k cause I owe 128k, the high bidder said he wasn't interested in >>> settling for any higher than his price... because he "couldn't afford it." >>> >>> I didn't bother to call the second highest bidder... cause we waited 25 >>> minutes... >>> >>> The next day, the second highest bidder called to see how it went, when I >>> told him, he said that he was prepared to bid at least 130k, which I would >>> have settled for, but he decided it was in his best interest to purchase a >>> brand new home with similar specs from a builder instead for 135K (no >>> landscaping/fencing) but 'new' was important to this first time buyer... >>> even though my home is only 3 years old. >>> >>> Since then... I find myself at a loss... because I REALLY don't want to use >>> a real estate agent, I keep getting a sick feeling when I think that >>> they'll basically be finding some buyer that can barely afford my home and >>> talk me into rolling closing costs into the price...after they've tried to >>> convince me that I should list it for higher, and reduce it as >>> necessary...etc... >>> >>> What lessons should I have taken from this? Because my estimation is >>> everything went smooth even for Halloween Weekend, except for the "magical" >>> 25... >>> >>> Please... convince me not to work with a real estate agent... tell me my >>> options... >>> >>> I'm now 1800+ miles from the house and the house is now empty...and I have >>> no buyers... what have others done? >>> >>> -Justin Spagnolo >>> >>> >>> >>> _______________________________________________ >>> 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 > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/18af9fa0/attachment.html From kirkras at hotmail.com Sat Nov 21 10:42:08 2009 From: kirkras at hotmail.com (Kirk Ras ) Date: Sat, 21 Nov 2009 15:42:08 +0000 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Message-ID: Hi Justin Three possibilities I can think of: realtor Short sale Lease option/cfd The One five day sale I have seen got a 30k offer. Ended up selling thru a realtor for 50k eventually. Just from what you've said I would maybe start at 139900 or 1349000. Hoping to get out for what u owe. best regards, Kirk realtor Illinois Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Bill Effros Date: Sat, 21 Nov 2009 07:58:02 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum From PJ323JP at aol.com Sat Nov 21 10:51:54 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Sat, 21 Nov 2009 10:51:54 EST Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed mis... Message-ID: Andy, Ethics in the real estate sales game is almost a moot point, particularly here in SoCal. I've heard so much BS being slung that I'm amazed that the whole RE industry hasn't been charged with coercion and collusion. Believe me, many of the RE professionals here should be in prison. The aren't because white collar crime is seldom prosecuted. To me it's small potatoes on the ethics scale to pull out of an auction because the prices bid are unrealistic for the seller. It's done all the time. If you want to declare, before the round robin begins, that you have a reserve price that you're not going to disclose, you can do that, if it makes you feel more ethical. But doing that will certainly cause most of the bidders to lose some of their enthusiasm, which I would consider vital to this kind of sale process. Almost all selling has some undisclosed psychological manipulation involved. Like stage magic, we all accept that fact as a given and we go in knowing to keep our wits about us. To me, the important point is to market the product, our homes, without hiding anything about them, declaring everything that might be viewed as a deficit, right along with all that is positive. Allowing all potential buyers to bid against each other, openly, without any backdoor dealings between RE agents, is a great boon to ethics in the RE industry in my opinion. Peter In a message dated 11/21/2009 7:12:26 A.M. Pacific Standard Time, Andy.Klee at erptips.com writes: OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: _5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) [_mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author _admin at standardcandledesign.com_ (mailto:admin at standardcandledesign.com) wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/eca93855/attachment.html From Janetislight at aol.com Sat Nov 21 11:06:21 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 21 Nov 2009 11:06:21 EST Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed mis... Message-ID: I told people at the inspection that no one was obligated to bid or acceptance until a contract was signed. Janet In a message dated 11/21/2009 9:12:24 A.M. Central Standard Time, Andy.Klee at erptips.com writes: OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: _5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) [_mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author _admin at standardcandledesign.com_ (mailto:admin at standardcandledesign.com) wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/c58adbe0/attachment.html From kirkras at hotmail.com Sat Nov 21 11:40:02 2009 From: kirkras at hotmail.com (Kirk Ras ) Date: Sat, 21 Nov 2009 16:40:02 +0000 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed mis... Message-ID: It is lying communicating it is an absolute auction and it is not. Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Janetislight at aol.com Date: Sat, 21 Nov 2009 16:06:21 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed mis... I told people at the inspection that no one was obligated to bid or acceptance until a contract was signed. ? Janet ? In a message dated 11/21/2009 9:12:24 A.M. Central Standard Time, Andy.Klee at erptips.com writes: OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? ? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 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 tomwilson64 at yahoo.com Sat Nov 21 12:52:20 2009 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sat, 21 Nov 2009 11:52:20 -0600 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... In-Reply-To: References: Message-ID: <04b201ca6ad3$60193970$204bac50$@com> Andy, I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! I hope it goes well for you however you proceed! Tom Arlington, TX 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/03421015/attachment.html From kirkras at hotmail.com Sat Nov 21 13:14:46 2009 From: kirkras at hotmail.com (Kirk Ras ) Date: Sat, 21 Nov 2009 18:14:46 +0000 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Message-ID: Hi tom, Depends on what your definition of is is. U say be completely open. One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? Best regards, Kirk illinois realtor. Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Wilson Date: Sat, 21 Nov 2009 17:52:20 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Andy, ? I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? ? In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? ? I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! ? I hope it goes well for you however you proceed! Tom Arlington, TX ? From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... ? OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? ? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? ---------------- ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ? From tomwilson64 at yahoo.com Sat Nov 21 14:20:53 2009 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sat, 21 Nov 2009 13:20:53 -0600 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... In-Reply-To: References: Message-ID: <04bc01ca6adf$bebd78e0$3c386aa0$@com> You can make a hyper vigilant point and stand on it if you like, but when the populace involved in your auction are all completely communicated with and content with the entire process did it matter that I could have remained stuck on the hyper vigilant point? I benefitted myself, my buyers (and I had 5 top bids I was willing to accept) and those who took part (about 40) all were comfortable and happy with the process. My top bidder may have gotten carried away. He happened to tell me the next day that he happened to lose his job that day and needed to withdraw. I told him that no one was committed til a contract is signed and was glad to let him out. The next two bidders were real estate agents who both tried to finagle the amount of their bid with considerations. They understood when I said that if they weren't holding to their bid then I would move to the next highest bidder. The next bidder was a cash deal that a mom was willing to do to buy her son his first home. He was a college senior at 19 and about to start medical school. They didn't even see my ad til Sunday afternoon. She said when it was over that she was impressed with my willingness to be open and up front. See, in the end, this is business and sales. There's a mass of the population that understand that and for those that don't, I tell them directly and on first communication that neither party is committed until a contract is signed. There's a small sliver of the population that needs to be told "yes you are technically right in your hyper vigilance." I even had some of these. I simply explained it to them, exactly what the method said to do and they were ok with it. Even liked it. I had no desire to be sneaky about anything. The success is in the stories related to this method. It's clearly not for everyone, nor can everyone pull it off. Life finds all of us in various places in our life and in our growth in life and the five day method fits into that somewhere. Clearly not everywhere and that's ok :-) I hope whatever method you use, you come out of it very happy you chose it and with your results. Best to you :-) Tom -----Original Message----- 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 Kirk Ras Sent: Saturday, November 21, 2009 12:15 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Hi tom, Depends on what your definition of is is. U say be completely open. One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? Best regards, Kirk illinois realtor. Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Wilson Date: Sat, 21 Nov 2009 17:52:20 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Andy, ? I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? ? In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? ? I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! ? I hope it goes well for you however you proceed! Tom Arlington, TX ? 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... ? OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? ? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? ---------------- ?_______________________________________________5-DayForum mailing list5-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 kirkras at hotmail.com Sat Nov 21 14:31:01 2009 From: kirkras at hotmail.com (Kirk Ras ) Date: Sat, 21 Nov 2009 19:31:01 +0000 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... Message-ID: hi tom, I'm glad u got ur deal done. The gentleman that had a $106k and owed 128k. In my opinion wasted his buyers time. Many may not have showed if known was reserve. Effective business n ethics r not always synonymous. One scenario. Ethnic buyer goes to auction. Seller has some equity. Depending on state wo advertising that there is a reserve considered absolute. ethnic buyer uses attorney to force seller to sell at their highest bid. Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Wilson Date: Sat, 21 Nov 2009 19:20:53 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... You can make a hyper vigilant point and stand on it if you like, but when the populace involved in your auction are all completely communicated with and content with the entire process did it matter that I could have remained stuck on the hyper vigilant point?? I benefitted myself, my buyers (and I had 5 top bids I was willing to accept) and those who took part (about 40) all were comfortable and happy with the process.? My top bidder may have gotten carried away.? He happened to tell me the next day that he happened to lose his job that day and needed to withdraw.? I told him that no one was committed til a contract is signed and was glad to let him out.? The next two bidders were real estate agents who both tried to finagle the amount of their bid with considerations.? They understood when I said that if they weren't holding to their bid then I would move to the next highest bidder. The next bidder was a cash deal that a mom was willing to do to buy her son his first home.? He was a college senior at 19 and about to start medical school.? They didn't even see my ad til Sunday afternoon.? She said when it was over that she was impressed with my willingness to be open and up front. See, in the end, this is business and sales.? There's a mass of the population that understand that and for those that don't, I tell them directly and on first communication that neither party is committed until a contract is signed.? There's a small sliver of the population that needs to be told "yes you are technically right in your hyper vigilance."? I even had some of these.? I simply explained it to them, exactly what the method said to do and they were ok with it.? Even liked it.? I had no desire to be sneaky about anything.? The success is in the stories related to this method.? It's clearly not for everyone, nor can everyone pull it off.? Life finds all of us in various places in our life and in our growth in life and the five day method fits into that somewhere.? Clearly not everywhere and that's ok :-) I hope whatever method you use, you come out of it very happy you chose it and with your results.? Best to you :-) Tom -----Original Message----- 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 Kirk Ras Sent: Saturday, November 21, 2009 12:15 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Hi tom, Depends on what your definition of is is. U say be completely open. One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves.? Aka lying.? Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? Best regards, Kirk illinois realtor. Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Wilson Date: Sat, 21 Nov 2009 17:52:20 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I ??????? failed miserably... Andy, ? I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? ? In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? ? I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! ? I hope it goes well for you however you proceed! ?Tom Arlington, TX ? ? ? 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 Andy Klee ?Sent: Saturday, November 21, 2009 9:11 AM ?To: 5-dayforum at mailman.howtosellyourhomein5days.com ?Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... ? ? OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- ?From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros ?Sent: Saturday, November 21, 2009 7:15 AM ?To: How To Sell Your Home in 5-Days ?Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. ? ?Bill Effros ?Author ? ?Andy Klee wrote: ? How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? ? ? ? Andy -----Original Message----- ?From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m 5days.com> [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com 5days.com> ]On Behalf Of Bill Effros ?Sent: Saturday, November 21, 2009 12:58 AM ?To: How To Sell Your Home in 5-Days ?Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, ? ?On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. ? ?What you paid for your home, or how much you have in it, makes no difference with regard to current market value. ? ?If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? ? ?Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. ? ?Empty houses quickly become problems. ? ?I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. ? ?Bill Effros ?Author ? ?admin at standardcandledesign.com > wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > ?? ---------------- ??_______________________________________________5-DayForum mailing list5-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 Andy.Klee at ERPtips.com Sat Nov 21 15:17:35 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Sat, 21 Nov 2009 13:17:35 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... In-Reply-To: <4B08036A.4030400@effros.com> Message-ID: That's my whole point, If you are not going to do it, don't say you are. To say that neither the buyer nor the seller is legally bound when you have stated that the house will be sold to the highest bidder is legally true, but to me, it's splitting hairs and is too "easy" an out, if you aren't happy with the highest bid. -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 8:13 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Not ethical, Andy, I'm with you there. If you are not going to do it, don't say you are. And if legal weaseling is part of your plan, don't use the 5-Day Method and instead let your lawyer sell your home for you for the minimum price you will accept. The 5-Day Method will get you a fair market price every time if you closely follow the technique. That means following through on Sunday night, no matter how far the final price is from what you were hoping for. And always remember that the agreed price on Sunday night does not guarantee a sale. Neither the buyer nor the seller is legally bound at that point. No home is "really" sold until the closing, and lots of people can veto the deal right up to that point. It happens thousands of times every day. Bill Effros Author Andy Klee wrote: OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/824a3b6a/attachment.html From Andy.Klee at ERPtips.com Sat Nov 21 15:17:43 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Sat, 21 Nov 2009 13:17:43 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... In-Reply-To: <04b201ca6ad3$60193970$204bac50$@com> Message-ID: Already sold my house to the highest bidder. I'm happy that a friend told me about this process, and that the book and this forum exists. But I always said that there was an undisclosed reserve price, and that the house would be sold to the highest acceptable bidder. Again, it's splitting hairs to say that no one is obligated until the contract is signed. If not, then what does it mean to say that the house will be sold to the highest bidder? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! I hope it goes well for you however you proceed! Tom Arlington, TX 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night toHIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We didsome fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...) During the open house days we had a total of 20 groups. ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25minutes... The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc... What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25... Please... convince me not to work with a real estate agent... tell me myoptions... I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done? -Justin Spagnolo _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtoselly ourhomein5days.com/mailman/listinfo.cgi/5-dayforum ---------------------------------------------------------------------------- _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtoselly ourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/6bc3f719/attachment.html From kirkras at hotmail.com Sat Nov 21 15:25:54 2009 From: kirkras at hotmail.com (Kirk Ras ) Date: Sat, 21 Nov 2009 20:25:54 +0000 Subject: [5-DayForum] I need some POST-5-Day Sale analysis...because Ifailed miserably... Message-ID: If I start a stereo shop advertising stereos for two dollars and sell ONE to increase traffic thru my store. aka bait n switch. I might verbally say something once they come to store but this is an illegal busineSs practice......I understand..individuals aren't businesses Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Andy Klee Date: Sat, 21 Nov 2009 20:17:43 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Already sold my house to the highest bidder.? I'm happy that a friend told me about this process, and that the book and this forum exists.? ? But I always said that there was an undisclosed?reserve price, and that the house would be sold to the highest acceptable bidder.? Again, it's splitting hairs to say that no one is obligated until the contract is signed.? If not, then what does it mean to say that the house will be sold to the highest bidder?? ? ? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, ? I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? ? In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? ? I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! ? I hope it goes well for you however you proceed! Tom Arlington, TX ? From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... ? OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? ? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? ---------------- ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ? From tomwilson64 at yahoo.com Sat Nov 21 15:40:37 2009 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sat, 21 Nov 2009 14:40:37 -0600 Subject: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... In-Reply-To: References: <04b201ca6ad3$60193970$204bac50$@com> Message-ID: <04e001ca6aea$e2c05ef0$a8411cd0$@com> It means that people respond to that in the ad and are still interested when told nothing is final until a contract is signed. It's a positive for both buyer and seller. I really think the only ones who struggle with this are those who are being, what I would consider hyper vigilant. Believe me, I almost didn't use this method because I worked for law firms for years and now report to the General Counsel of a very large company and have sat through numerous deep meetings regarding the legal aspects of contests. In the end, I had confidence with exactly what I was doing. Anyone who showed up at the auction had to have called me (I set up a new phone number with no way to trace to the address), anyone who called me was told how it worked and I assured myself that they heard exactly what I said about no one being committed until a contract is signed. To my knowledge that did not scare off a single caller. Also, when anyone arrived for inspection, I reminded them that no one is committed until a contract is signed. In my opinion this takes the pressure off both ways. I believe I received more bids from those who attended (who were already told that nothing is final til a contract is signed) because they knew they could back out. It sort of took the pressure off and allowed us to talked directly and freely without each of us wondering about the other. I wouldn't hold it against anyone who is being, what I believe, is hyper vigilant, life is a series of risks. I wouldn't allow someone to bid who didn't understand or accept what I said that no one is committed til a contract is signed. But all this discussion makes it sound like it was a serious issue when it wasn't at all. Can I sit and imagine worst case scenarios, sure. And I did imagine them. But on the whole, it's a complete non-issue when you simply communicate clearly in every conversation and enjoy the process being transparent throughout. Tom 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 Andy Klee Sent: Saturday, November 21, 2009 2:18 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Already sold my house to the highest bidder. I'm happy that a friend told me about this process, and that the book and this forum exists. But I always said that there was an undisclosed reserve price, and that the house would be sold to the highest acceptable bidder. Again, it's splitting hairs to say that no one is obligated until the contract is signed. If not, then what does it mean to say that the house will be sold to the highest bidder? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! I hope it goes well for you however you proceed! Tom Arlington, TX 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/428e2c60/attachment.html From kirkras at hotmail.com Sat Nov 21 15:47:23 2009 From: kirkras at hotmail.com (Kirk Ras ) Date: Sat, 21 Nov 2009 20:47:23 +0000 Subject: [5-DayForum] I need some POST-5-Day Sale analysis...because Ifailed miserably... Message-ID: Lol u know u r bing ethical when u set up an untraceable phone number. My stereo shop operates out of my trunk.lol kiDding Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Wilson Date: Sat, 21 Nov 2009 20:40:37 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... It means that people respond to that in the ad and are still interested when told nothing is final until a contract is signed.? It's a positive for both buyer and seller.? I really think the only ones who struggle with this are those who are being, what I would consider hyper vigilant.? Believe me, I almost didn't use this method because I worked for law firms for years and now report to the General Counsel of a very large company and have sat through numerous deep meetings regarding the legal aspects of contests.? In the end, I had confidence with exactly what I was doing.? Anyone who showed up at the auction had to have called me (I set up a new phone number with no way to trace to the address), anyone who called me was told how it worked and I assured myself that they heard exactly what I said about no one being committed until a contract is signed.? To my knowledge that did not scare off a single caller.? Also, when anyone arrived for inspection, I reminded them that no one is committed until a contract is signed.? In my opinion this takes the pressure off both ways.? I believe I received more bids from those who attended (who were already told that nothing is final til a contract is signed) because they knew they could back out.? It sort of took the pressure off and allowed us to talked directly and freely without each of us wondering about the other. ? I wouldn't hold it against anyone who is being, what I believe, is hyper vigilant, life is a series of risks.? I wouldn't allow someone to bid who didn't understand or accept what I said that no one is committed til a contract is signed.? But all this discussion makes it sound like it was a serious issue when it wasn't at all.? Can I sit and imagine worst case scenarios, sure.? And I did imagine them.? But on the whole, it's a complete non-issue when you simply communicate clearly in every conversation and enjoy the process being transparent throughout. ? Tom ? From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee Sent: Saturday, November 21, 2009 2:18 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... ? Already sold my house to the highest bidder.? I'm happy that a friend told me about this process, and that the book and this forum exists.? ? But I always said that there was an undisclosed?reserve price, and that the house would be sold to the highest acceptable bidder.? Again, it's splitting hairs to say that no one is obligated until the contract is signed.? If not, then what does it mean to say that the house will be sold to the highest bidder?? ? ? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, ? I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? ? In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? ? I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! ? I hope it goes well for you however you proceed! Tom Arlington, TX ? From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... ? OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? ? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? ? ---------------- ???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ? From Janetislight at aol.com Sat Nov 21 18:06:22 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 21 Nov 2009 18:06:22 EST Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed mis... Message-ID: Then don't do it!!! LOL Janet In a message dated 11/21/2009 2:18:30 P.M. Central Standard Time, Andy.Klee at erptips.com writes: That's my whole point, If you are not going to do it, don't say you are. To say that neither the buyer nor the seller is legally bound when you have stated that the house will be sold to the highest bidder is legally true, but to me, it's splitting hairs and is too "easy" an out, if you aren't happy with the highest bid. -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 8:13 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Not ethical, Andy, I'm with you there. If you are not going to do it, don't say you are. And if legal weaseling is part of your plan, don't use the 5-Day Method and instead let your lawyer sell your home for you for the minimum price you will accept. The 5-Day Method will get you a fair market price every time if you closely follow the technique. That means following through on Sunday night, no matter how far the final price is from what you were hoping for. And always remember that the agreed price on Sunday night does not guarantee a sale. Neither the buyer nor the seller is legally bound at that point. No home is "really" sold until the closing, and lots of people can veto the deal right up to that point. It happens thousands of times every day. Bill Effros Author Andy Klee wrote: OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: _5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) [_mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: _5-da yforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) [_mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author _admin at standardcandledesign.com_ (mailto:admin at standardcandledesign.com) wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/99ed857a/attachment.html From Janetislight at aol.com Sat Nov 21 18:09:35 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 21 Nov 2009 18:09:35 EST Subject: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed mise... Message-ID: Exactly. BTW.... my attorney agreed. Janet In a message dated 11/21/2009 2:42:15 P.M. Central Standard Time, tomwilson64 at yahoo.com writes: It means that people respond to that in the ad and are still interested when told nothing is final until a contract is signed. It?s a positive for both buyer and seller. I really think the only ones who struggle with this are those who are being, what I would consider hyper vigilant. Believe me, I almost didn?t use this method because I worked for law firms for years and now report to the General Counsel of a very large company and have sat through numerous deep meetings regarding the legal aspects of contests. In the end, I had confidence with exactly what I was doing. Anyone who showed up at the auction had to have called me (I set up a new phone number with no way to trace to the address), anyone who called me was told how it worked and I assured myself that they heard exactly what I said about no one being committed until a contract is signed. To my knowledge that did not scare off a single caller. Also, when anyone arrived for inspection, I reminded them that no one is committed until a contract is signed. In my opinion this takes the pressure off both ways. I believe I received more bids from those who attended (who were already told that nothing is final til a contract is signed) because they knew they could back out. It sort of took the pressure off and allowed us to talked directly and freely without each of us wondering about the other. I wouldn?t hold it against anyone who is being, what I believe, is hyper vigilant, life is a series of risks. I wouldn?t allow someone to bid who didn?t understand or accept what I said that no one is committed til a contract is signed. But all this discussion makes it sound like it was a serious issue when it wasn?t at all. Can I sit and imagine worst case scenarios, sure. And I did imagine them. But on the whole, it?s a complete non-issue when you simply communicate clearly in every conversation and enjoy the process being transparent throughout. Tom From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee Sent: Saturday, November 21, 2009 2:18 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Already sold my house to the highest bidder. I'm happy that a friend told me about this process, and that the book and this forum exists. But I always said that there was an undisclosed reserve price, and that the house would be sold to the highest acceptable bidder. Again, it's splitting hairs to say that no one is obligated until the contract is signed. If not, then what does it mean to say that the house will be sold to the highest bidder? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven?t carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren?t happy and committed to the process and showing that from the ?ah-ha? moment when you understand and trust what you?re doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn?t honest. Even they eventually admitted it was a good idea to me. In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There?s no trickiness. The buyers are interested. They can?t know what you?re selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn?t til I worked through it beginning to end, had my ?ah-ha? moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people?s suspicion turned to trust, or it seemed to me it did. I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! I hope it goes well for you however you proceed! Tom Arlington, TX From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: _5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) [_mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com) ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author _admin at standardcandledesign.com_ (mailto:admin at standardcandledesign.com) wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/baa39272/attachment.html From tomhoffman at live.com Sat Nov 21 19:08:15 2009 From: tomhoffman at live.com (Tom Hoffman) Date: Sat, 21 Nov 2009 17:08:15 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... In-Reply-To: References: Message-ID: Dear Kirk, If the word "sold" bothers you use "offered". I have done several sales where we made counteroffers to the highest bidder. Most states require real estate contracts be in writing and just because one has a contract doesn't mean it's "sold". Before I started doing this program I consulted several excellent real estate attorneys and none had a problem with the word "sold" but also suggested "offered". Tom-Colorado Realtor/ Broker/Owner > From: kirkras at hotmail.com > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Date: Sat, 21 Nov 2009 18:14:46 +0000 > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... > > Hi tom, > > Depends on what your definition of is is. > > U say be completely open. > > One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. > > If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? > > Best regards, > > Kirk illinois realtor. > > Sent from my Verizon Wireless BlackBerry > > -----Original Message----- > From: Tom Wilson > Date: Sat, 21 Nov 2009 17:52:20 > To: <5-dayforum at mailman.howtosellyourhomein5days.com> > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I > failed miserably... > > Andy, > > I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. > > In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. > > I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! > > I hope it goes well for you however you proceed! > > Tom > Arlington, TX > > > > From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee > Sent: Saturday, November 21, 2009 9:11 AM > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > > > OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 7:15 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > No. > > Bill Effros > Author > > Andy Klee wrote: > > How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? > > > > Andy > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 12:58 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > Justin, > > On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. > > What you paid for your home, or how much you have in it, makes no difference with regard to current market value. > > If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? > > Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. > > Empty houses quickly become problems. > > I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. > > Bill Effros > Author > > admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night toHIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We didsome fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...) During the open house days we had a total of 20 groups. ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25minutes... The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc... What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25... Please... convince me not to work with a real estate agent... tell me myoptions... I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done? -Justin Spagnolo _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > ---------------- > _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Windows 7: It works the way you want. Learn more. http://www.microsoft.com/Windows/windows-7/default.aspx?ocid=PID24727::T:WLMTAGL:ON:WL:en-US:WWL_WIN_evergreen:112009v2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/d5ccdc20/attachment-0001.html From kirkras at hotmail.com Sat Nov 21 20:03:28 2009 From: kirkras at hotmail.com (Kirk Ras ) Date: Sun, 22 Nov 2009 01:03:28 +0000 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... Message-ID: Hi tom U did a five day as a broker? Client or own property? I'm from Illinois. Talked to my broker who consulted an auctioneer. "will be sold to highest bidder" my understanding Means absolute auction. Absolute meaning highest bidder gets it. like eBay says something about reserve if it's not absolute. as a realtor/broker I would think an ethnic person walks in says I want it. Outbids everyone. Then u go I'm sorry I can't sell for that amount.Then ethnic person consults attorney. Probably depends til someone decides to sue someone. Undisclosed reserve pretty much covers it is my understanding. I was really interested in offering five day sale to clients. my understanding in Illinois is have to b broker or auctioneer though and one I saw made less that weekend than the mls eventually brought. Best regards Kirk Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Hoffman Date: Sun, 22 Nov 2009 00:08:15 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Dear Kirk, If the word "sold" bothers you use "offered". I have done several sales where we made counteroffers to the highest bidder. Most states require real estate contracts be in writing and just because one has a contract doesn't mean it's "sold". Before I started?doing this program I consulted several excellent real estate attorneys and none had a problem with the word "sold" but also suggested "offered". Tom-Colorado Realtor/?Broker/Owner ? > From: kirkras at hotmail.com > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Date: Sat, 21 Nov 2009 18:14:46 +0000 > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... > > Hi tom, > > Depends on what your definition of is is. > > U say be completely open. > > One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. > > If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? > > Best regards, > > Kirk illinois realtor. > > Sent from my Verizon Wireless BlackBerry > > -----Original Message----- > From: Tom Wilson > Date: Sat, 21 Nov 2009 17:52:20 > To: <5-dayforum at mailman.howtosellyourhomein5days.com> > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I > failed miserably... > > Andy, > ? > I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? > ? > In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? > ? > I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! > ? > I hope it goes well for you however you proceed! > > Tom > Arlington, TX > ? > > > From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee > Sent: Saturday, November 21, 2009 9:11 AM > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > ? > > OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 7:15 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > No. > > Bill Effros > Author > > Andy Klee wrote: > > How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? > > ? > > Andy > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 12:58 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > Justin, > > On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. > > What you paid for your home, or how much you have in it, makes no difference with regard to current market value. > > If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? > > Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. > > Empty houses quickly become problems. > > I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. > > Bill Effros > Author > > admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? > ---------------- > ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ? > >_______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ---------------- Windows 7: It works the way you want. Learn more. From lbicon at aol.com Sat Nov 21 20:27:48 2009 From: lbicon at aol.com (lbicon at aol.com) Date: Sun, 22 Nov 2009 01:27:48 +0000 Subject: [5-DayForum] I need somePOST-5-Day Sale analysis... becauseIfailed miserably... In-Reply-To: References: Message-ID: <1004432099-1258852858-cardhu_decombobulator_blackberry.rim.net-111360709-@bda443.bisx.prod.on.blackberry> Ethnic? That describes food or people. Kirk you have no idea what you are talking about. Real estate law is about 2 things. Written contracts and disclosure. The 5 day method covers both. It has been used 4 a long time with success. You think you are the first person to have doubts? Think again. Conrad Sent from my Verizon Wireless BlackBerry -----Original Message----- From: "Kirk Ras " Date: Sun, 22 Nov 2009 01:03:28 To: 5-dayforum at mailman.howtosellyourhomein5days.com<5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... Hi tom U did a five day as a broker? Client or own property? I'm from Illinois. Talked to my broker who consulted an auctioneer. "will be sold to highest bidder" my understanding Means absolute auction. Absolute meaning highest bidder gets it. like eBay says something about reserve if it's not absolute. as a realtor/broker I would think an ethnic person walks in says I want it. Outbids everyone. Then u go I'm sorry I can't sell for that amount.Then ethnic person consults attorney. Probably depends til someone decides to sue someone. Undisclosed reserve pretty much covers it is my understanding. I was really interested in offering five day sale to clients. my understanding in Illinois is have to b broker or auctioneer though and one I saw made less that weekend than the mls eventually brought. Best regards Kirk Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Hoffman Date: Sun, 22 Nov 2009 00:08:15 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Dear Kirk, If the word "sold" bothers you use "offered". I have done several sales where we made counteroffers to the highest bidder. Most states require real estate contracts be in writing and just because one has a contract doesn't mean it's "sold". Before I started?doing this program I consulted several excellent real estate attorneys and none had a problem with the word "sold" but also suggested "offered". Tom-Colorado Realtor/?Broker/Owner ? > From: kirkras at hotmail.com > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Date: Sat, 21 Nov 2009 18:14:46 +0000 > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... > > Hi tom, > > Depends on what your definition of is is. > > U say be completely open. > > One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. > > If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? > > Best regards, > > Kirk illinois realtor. > > Sent from my Verizon Wireless BlackBerry > > -----Original Message----- > From: Tom Wilson > Date: Sat, 21 Nov 2009 17:52:20 > To: <5-dayforum at mailman.howtosellyourhomein5days.com> > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I > failed miserably... > > Andy, > ? > I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? > ? > In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? > ? > I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! > ? > I hope it goes well for you however you proceed! > > Tom > Arlington, TX > ? > > > From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee > Sent: Saturday, November 21, 2009 9:11 AM > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > ? > > OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 7:15 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > No. > > Bill Effros > Author > > Andy Klee wrote: > > How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? > > ? > > Andy > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 12:58 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > Justin, > > On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. > > What you paid for your home, or how much you have in it, makes no difference with regard to current market value. > > If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? > > Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. > > Empty houses quickly become problems. > > I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. > > Bill Effros > Author > > admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated... ?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? > ---------------- > ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ? > >_______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ---------------- Windows 7: It works the way you want. Learn more. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum From tomwilson64 at yahoo.com Sat Nov 21 21:30:42 2009 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sat, 21 Nov 2009 20:30:42 -0600 Subject: [5-DayForum] I need some POST-5-Day Sale analysis...because Ifailed miserably... In-Reply-To: References: Message-ID: <00ba01ca6b1b$ca5d94a0$5f18bde0$@com> Yeh yeh ... but its only in line with the concept of the 5-day sale. Only to assure people talk to me and don't try to come out on their own so I can gage interest :-) -----Original Message----- 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 Kirk Ras Sent: Saturday, November 21, 2009 2:47 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because Ifailed miserably... Lol u know u r bing ethical when u set up an untraceable phone number. My stereo shop operates out of my trunk.lol kiDding Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Wilson Date: Sat, 21 Nov 2009 20:40:37 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... It means that people respond to that in the ad and are still interested when told nothing is final until a contract is signed.? It's a positive for both buyer and seller.? I really think the only ones who struggle with this are those who are being, what I would consider hyper vigilant.? Believe me, I almost didn't use this method because I worked for law firms for years and now report to the General Counsel of a very large company and have sat through numerous deep meetings regarding the legal aspects of contests.? In the end, I had confidence with exactly what I was doing.? Anyone who showed up at the auction had to have called me (I set up a new phone number with no way to trace to the address), anyone who called me was told how it worked and I assured myself that they heard exactly what I said about no one being committed until a contract is signed.? To my knowledge that did not scare off a single caller.? Also, when anyone arrived for inspection, I reminded them that no one is committed until a contract is signed.? In my opinion this takes the pressure off both ways.? I believe I received more bids from those who attended (who were already told that nothing is final til a contract is signed) because they knew they could back out.? It sort of took the pressure off and allowed us to talked directly and freely without each of us wondering about the other. ? I wouldn't hold it against anyone who is being, what I believe, is hyper vigilant, life is a series of risks.? I wouldn't allow someone to bid who didn't understand or accept what I said that no one is committed til a contract is signed.? But all this discussion makes it sound like it was a serious issue when it wasn't at all.? Can I sit and imagine worst case scenarios, sure.? And I did imagine them.? But on the whole, it's a complete non-issue when you simply communicate clearly in every conversation and enjoy the process being transparent throughout. ? Tom ? 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 Andy Klee Sent: Saturday, November 21, 2009 2:18 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... ? Already sold my house to the highest bidder.? I'm happy that a friend told me about this process, and that the book and this forum exists.? ? But I always said that there was an undisclosed?reserve price, and that the house would be sold to the highest acceptable bidder.? Again, it's splitting hairs to say that no one is obligated until the contract is signed.? If not, then what does it mean to say that the house will be sold to the highest bidder?? ? ? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, ? I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? ? In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? ? I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! ? I hope it goes well for you however you proceed! Tom Arlington, TX ? 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... ? OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? ? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com ]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? ? ---------------- ???_______________________________________________5-DayForum mailing list5-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 tomhoffman at live.com Sat Nov 21 22:21:42 2009 From: tomhoffman at live.com (Tom Hoffman) Date: Sat, 21 Nov 2009 20:21:42 -0700 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... In-Reply-To: References: Message-ID: Kirk, I have sold numorous properties using this method for clients in Colorado and several other states. When I go out of state it is as a consultant and I have attorneys do the contracts. Last month I did two sales in a small town in southern colorado. One of the properties was on the market with another Realtor for almost 9 months with no results. The successful bidder on it wanted the seller to do a lease option for his daughter. The seller got 20% down, a nice monthly income for two years and has moved on to another property to fix n flip.I got paid half of my fee and will collect the other half when the option is exercised. The other property will close on the 30th and has two cash back-up offers waiting. I would suggest you study Bill's book a little closer and you will figure out how and why it works so well. I have become so spoiled with the system I have a hard time taking a regular listing. Good Luck, Tom- Licensed in Colorado since 1993 > From: kirkras at hotmail.com > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Date: Sun, 22 Nov 2009 01:03:28 +0000 > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... > > Hi tom > > U did a five day as a broker? Client or own property? > > I'm from Illinois. Talked to my broker who consulted an auctioneer. > > "will be sold to highest bidder" > > my understanding Means absolute auction. Absolute meaning highest bidder gets it. like eBay says something about reserve if it's not absolute. > > as a realtor/broker I would think an ethnic person walks in says I want it. Outbids everyone. Then u go I'm sorry I can't sell for that amount.Then ethnic person consults attorney. > > Probably depends til someone decides to sue someone. > > Undisclosed reserve pretty much covers it is my understanding. > > I was really interested in offering five day sale to clients. my understanding in Illinois is have to b broker or auctioneer though and one I saw made less that weekend than the mls eventually brought. > > Best regards > Kirk > > > > > Sent from my Verizon Wireless BlackBerry > > -----Original Message----- > From: Tom Hoffman > Date: Sun, 22 Nov 2009 00:08:15 > To: <5-dayforum at mailman.howtosellyourhomein5days.com> > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because > Ifailed miserably... > > Dear Kirk, If the word "sold" bothers you use "offered". I have done several sales where we made counteroffers to the highest bidder. Most states require real estate contracts be in writing and just because one has a contract doesn't mean it's "sold". Before I started doing this program I consulted several excellent real estate attorneys and none had a problem with the word "sold" but also suggested "offered". > Tom-Colorado Realtor/ Broker/Owner > > > From: kirkras at hotmail.com > > To: 5-dayforum at mailman.howtosellyourhomein5days.com > > Date: Sat, 21 Nov 2009 18:14:46 +0000 > > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... > > > > Hi tom, > > > > Depends on what your definition of is is. > > > > U say be completely open. > > > > One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. > > > > If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? > > > > Best regards, > > > > Kirk illinois realtor. > > > > Sent from my Verizon Wireless BlackBerry > > > > -----Original Message----- > > From: Tom Wilson > > Date: Sat, 21 Nov 2009 17:52:20 > > To: <5-dayforum at mailman.howtosellyourhomein5days.com> > > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I > > failed miserably... > > > > Andy, > > > > I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. > > > > In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. > > > > I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! > > > > I hope it goes well for you however you proceed! > > > > Tom > > Arlington, TX > > > > > > > > From: 5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+tomwilson64=yahoo.com at mailman.howtosellyourhomein5days.com] On Behalf Of Andy Klee > > Sent: Saturday, November 21, 2009 9:11 AM > > To: 5-dayforum at mailman.howtosellyourhomein5days.com > > Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > > > > > > OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? > > -----Original Message----- > > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com]On Behalf Of Bill Effros > > Sent: Saturday, November 21, 2009 7:15 AM > > To: How To Sell Your Home in 5-Days > > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > > No. > > > > Bill Effros > > Author > > > > Andy Klee wrote: > > > > How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? > > > > > > > > Andy > > -----Original Message----- > > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.com ]On Behalf Of Bill Effros > > Sent: Saturday, November 21, 2009 12:58 AM > > To: How To Sell Your Home in 5-Days > > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > > Justin, > > > > On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. > > > > What you paid for your home, or how much you have in it, makes no difference with regard to current market value. > > > > If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? > > > > Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. > > > > Empty houses quickly become problems. > > > > I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. > > > > Bill Effros > > Author > > > > admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night toHIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We didsome fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...) During the open house days we had a total of 20 groups. ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25minutes... The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc... What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25... Please... convince me not to work with a real estate agent... tell me myoptions... I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done? -Justin Spagnolo _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > ---------------- > > _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > > >_______________________________________________ > > 5-DayForum mailing list > > 5-DayForum at mailman.howtosellyourhomein5days.com > > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > > ---------------- > Windows 7: It works the way you want. Learn more. > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Windows 7: I wanted simpler, now it's simpler. I'm a rock star. http://www.microsoft.com/Windows/windows-7/default.aspx?h=myidea?ocid=PID24727::T:WLMTAGL:ON:WL:en-US:WWL_WIN_myidea:112009 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091121/092fbaa2/attachment.html From tomwilson64 at yahoo.com Sat Nov 21 23:39:11 2009 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sat, 21 Nov 2009 22:39:11 -0600 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... In-Reply-To: References: Message-ID: <004101ca6b2d$bd04f700$370ee500$@com> I owned the property and am not a broker. I have no idea what you are referring to with regard to an ethnic person. I don't understand any distinction between any people so why you mention the word ethnic is beyond me. If you simply have to have it your way and need all of us to agree that we're all wrong and it is an absolute auction, I don't think you'll gain much ground, but feel free to continue to press your point if you feel so moved. You're spending a lot of energy on something that really isn't an issue in a good 5-day sale. If you don't accept that, ok then we agree to disagree. I just don't want to spend the energy debating the method. It's been cleared comfortably with a lot of folks. I had a good experience and others have offered competent changes you can make. I guess when I was younger I would get more stuck on theory. I'm happier with how something works in practice now. And again what anything ethnic has to do with any of this I have no idea. We're all equal in my book. Everyone needs to understand what they're doing in a sale and I for one would be sure they did before I accepted any bid from them. And those are my last words on this topic :-) Feel free everyone else to have fun batting around the theothetical points :-) -----Original Message----- 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 Kirk Ras Sent: Saturday, November 21, 2009 7:03 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... Hi tom U did a five day as a broker? Client or own property? I'm from Illinois. Talked to my broker who consulted an auctioneer. "will be sold to highest bidder" my understanding Means absolute auction. Absolute meaning highest bidder gets it. like eBay says something about reserve if it's not absolute. as a realtor/broker I would think an ethnic person walks in says I want it. Outbids everyone. Then u go I'm sorry I can't sell for that amount.Then ethnic person consults attorney. Probably depends til someone decides to sue someone. Undisclosed reserve pretty much covers it is my understanding. I was really interested in offering five day sale to clients. my understanding in Illinois is have to b broker or auctioneer though and one I saw made less that weekend than the mls eventually brought. Best regards Kirk Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Hoffman Date: Sun, 22 Nov 2009 00:08:15 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Dear Kirk, If the word "sold" bothers you use "offered". I have done several sales where we made counteroffers to the highest bidder. Most states require real estate contracts be in writing and just because one has a contract doesn't mean it's "sold". Before I started?doing this program I consulted several excellent real estate attorneys and none had a problem with the word "sold" but also suggested "offered". Tom-Colorado Realtor/?Broker/Owner ? > From: kirkras at hotmail.com > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Date: Sat, 21 Nov 2009 18:14:46 +0000 > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... > > Hi tom, > > Depends on what your definition of is is. > > U say be completely open. > > One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. > > If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? > > Best regards, > > Kirk illinois realtor. > > Sent from my Verizon Wireless BlackBerry > > -----Original Message----- > From: Tom Wilson > Date: Sat, 21 Nov 2009 17:52:20 > To: <5-dayforum at mailman.howtosellyourhomein5days.com> > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I > failed miserably... > > Andy, > ? > I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? > ? > In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? > ? > I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! > ? > I hope it goes well for you however you proceed! > > Tom > Arlington, TX > ? > > > 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 Andy Klee > Sent: Saturday, November 21, 2009 9:11 AM > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > ? > > OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 7:15 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > No. > > Bill Effros > Author > > Andy Klee wrote: > > How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? > > ? > > Andy > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com ]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 12:58 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > Justin, > > On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. > > What you paid for your home, or how much you have in it, makes no difference with regard to current market value. > > If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? > > Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. > > Empty houses quickly become problems. > > I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. > > Bill Effros > Author > > admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? > ---------------- > ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ? > >_______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ---------------- Windows 7: It works the way you want. Learn more. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum From tomwilson64 at yahoo.com Sat Nov 21 23:50:32 2009 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sat, 21 Nov 2009 22:50:32 -0600 Subject: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... In-Reply-To: <004101ca6b2d$bd04f700$370ee500$@com> References: <004101ca6b2d$bd04f700$370ee500$@com> Message-ID: <004301ca6b2f$531ec1c0$f95c4540$@com> I will make a final note on this. You mentioned a lawsuit. Anyone reading this discussion board should not panic when posts such as these are aired. Do lawsuits happen in life? Of course they do. I have no statistics, but in life in general, where I see lawsuits, I usually see people who are challenged as genuine communicators in the and practical art of "get along." When you run your 5-day auction, you assure the understanding with your interested parties at every turn. No need to make a "thing" of it, but just do it confidently and competently and move forward. As a general statement, I will say that I believe fears of some kind are behind many things that have no merit. Don't deal in fears in any direction. Be direct, be transparent, enjoy the sale and study the method. It will be one of the most empowering things you choose to do. And whle you chose to get the opinion of an auctioneer and I mean no disrespect to auctioneers, but why is that some form of proof? ;-) They are hired for their voices. If it's the owner of the auction business, I'm sure they are guided by counsel of some form. Better you talk to the counsel than those who would attempt to explain what counsel told them. Grace and Peace :-) Tom -----Original Message----- 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: Saturday, November 21, 2009 10:39 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... I owned the property and am not a broker. I have no idea what you are referring to with regard to an ethnic person. I don't understand any distinction between any people so why you mention the word ethnic is beyond me. If you simply have to have it your way and need all of us to agree that we're all wrong and it is an absolute auction, I don't think you'll gain much ground, but feel free to continue to press your point if you feel so moved. You're spending a lot of energy on something that really isn't an issue in a good 5-day sale. If you don't accept that, ok then we agree to disagree. I just don't want to spend the energy debating the method. It's been cleared comfortably with a lot of folks. I had a good experience and others have offered competent changes you can make. I guess when I was younger I would get more stuck on theory. I'm happier with how something works in practice now. And again what anything ethnic has to do with any of this I have no idea. We're all equal in my book. Everyone needs to understand what they're doing in a sale and I for one would be sure they did before I accepted any bid from them. And those are my last words on this topic :-) Feel free everyone else to have fun batting around the theothetical points :-) -----Original Message----- 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 Kirk Ras Sent: Saturday, November 21, 2009 7:03 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... becauseIfailed miserably... Hi tom U did a five day as a broker? Client or own property? I'm from Illinois. Talked to my broker who consulted an auctioneer. "will be sold to highest bidder" my understanding Means absolute auction. Absolute meaning highest bidder gets it. like eBay says something about reserve if it's not absolute. as a realtor/broker I would think an ethnic person walks in says I want it. Outbids everyone. Then u go I'm sorry I can't sell for that amount.Then ethnic person consults attorney. Probably depends til someone decides to sue someone. Undisclosed reserve pretty much covers it is my understanding. I was really interested in offering five day sale to clients. my understanding in Illinois is have to b broker or auctioneer though and one I saw made less that weekend than the mls eventually brought. Best regards Kirk Sent from my Verizon Wireless BlackBerry -----Original Message----- From: Tom Hoffman Date: Sun, 22 Nov 2009 00:08:15 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... Dear Kirk, If the word "sold" bothers you use "offered". I have done several sales where we made counteroffers to the highest bidder. Most states require real estate contracts be in writing and just because one has a contract doesn't mean it's "sold". Before I started?doing this program I consulted several excellent real estate attorneys and none had a problem with the word "sold" but also suggested "offered". Tom-Colorado Realtor/?Broker/Owner ? > From: kirkras at hotmail.com > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Date: Sat, 21 Nov 2009 18:14:46 +0000 > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because Ifailed miserably... > > Hi tom, > > Depends on what your definition of is is. > > U say be completely open. > > One person earlier said something to the effect represent it will be sold to highest bidder to increase interest. > > If it is not an absolute auction. And a seller says it is when its not. seems seller is being intentionally misleading to benefit themselves. Aka lying. Altho I haven't heard of ne lawsuits tho, still seems like lying. What am I missing? > > Best regards, > > Kirk illinois realtor. > > Sent from my Verizon Wireless BlackBerry > > -----Original Message----- > From: Tom Wilson > Date: Sat, 21 Nov 2009 17:52:20 > To: <5-dayforum at mailman.howtosellyourhomein5days.com> > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I > failed miserably... > > Andy, > ? > I had your same reservations about it.? I can be hyper vigilant about legal issues and ethical issues.? The key is that you involve yourself in every interaction.? When you place the ad, you are getting attention.? This is a good thing for buyers and for you.? When you say you will sell to the highest bidder Sunday, you are committing yourself to that.? The process is direct, it does not deceive anyone and it has a necessary life of its own.? When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish.? You commit to the market on that weekend.? There is risk when you do that.? There is risk for buyers.? You and your buyers will learn together.? If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller.? If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges.? I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest.? Even they eventually admitted it was a good idea to me.? > ? > In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed.? This is something everyone can understand and everyone wants the protection of.? There's no trickiness.? The buyers are interested.? They can't know what you're selling til they see it.? When they see it, they have to trust the process and trust you to leave a bid.? Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid.? If that happens with your three or so real buyers then the process is shot.? It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust.? I looked people in the eyes, had a smile on my face and genuinely meant the things I told them.? I genuinely was open about the flaws of the property, was glad to go over the details of the inspection.? I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did.? > ? > I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! > ? > I hope it goes well for you however you proceed! > > Tom > Arlington, TX > ? > > > 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 Andy Klee > Sent: Saturday, November 21, 2009 9:11 AM > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > ? > > OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 7:15 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > No. > > Bill Effros > Author > > Andy Klee wrote: > > How can anyone advertise that they are selling to the highest bidder and then not do that?? Doesn't that open you up to being sued?? > > ? > > Andy > -----Original Message----- > From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com ]On Behalf Of Bill Effros > Sent: Saturday, November 21, 2009 12:58 AM > To: How To Sell Your Home in 5-Days > Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... > Justin, > > On the weekend you offered your home it was worth between $100,000 and $110,000.? You were offered fair money, and you located the top bidders.? The 5-Day Method doesn't change the market. > > What you paid for your home, or how much you have in it, makes no difference with regard to current market value. > > If you were selling a used car, would you expect to get back what you paid?? If you were selling stock would you expect to get back what you paid if the market is "down"? > > Same with homes.? So many home owners thought they would automatically get more than they paid when it came time to sell.? Free markets don't work that way. > > Empty houses quickly become problems. > > I would offer your home through a broker for a few months to see if you can net $110,000.? That way, at least someone will be keeping an eye on your home.? If a broker can get you $110,000 after commission, take it.? If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through.? You know the drill.? You will again be offered fair market value--take it. > > Bill Effros > Author > > admin at standardcandledesign.com wrote: To Anyone,?I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition...?We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for...?Here WAS our Ad:? TWIN FALLS (ID)???? ?????????????????????BY OWNER??????????? 3Bdrm 2 Bath, Built 2006, Fenced??????????????? Landscaped, 2 Car Garage??????????????? $69,500 or BEST OFFER???????????????? Inspection Sat-Sun 10-5????????????? Will be sold Sunday night toHIGHEST BIDDER??? ???????????????????801-755-5502?We advertised with the local newspaper, both online/print.? We didsome fliers at some community bulletin boards, street posters on the open??? house days.? The area is about? 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we??? already did.?Admittedly I broke 2 rules...?By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts...?BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year...?So I believe we were foolish by not STRICTLY following the 25 rule...?Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference...?By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...)?During the open house days we had a total of 20 groups.? ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome...?9 people left bids...?7 of them were investors and all dropped out at 99,400?The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated...?When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it."?I didn't bother to call the second highest bidder... cause we waited 25minutes...?The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old.?Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc...?What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25...?Please... convince me not to work with a real estate agent... tell me myoptions...?I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done??-Justin Spagnolo???_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ?? > ---------------- > ?_______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ? > >_______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ---------------- Windows 7: It works the way you want. Learn more. _______________________________________________ 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 Andy.Klee at ERPtips.com Sun Nov 22 09:34:38 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Sun, 22 Nov 2009 07:34:38 -0700 Subject: [5-DayForum] I need some POST-5-DaySale analysis...because I failed miserably... In-Reply-To: <04e001ca6aea$e2c05ef0$a8411cd0$@com> Message-ID: I agree that the process should be "transparent throughout". But why mislead people by saying that "the house will be sold to the highest bidder" unless you really mean it. If you have an undisclosed reserve price, and if the process is "transparent throughout", you should state up front that there is an undisclosed reserve price. -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 1:41 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-DaySale analysis...because I failed miserably... It means that people respond to that in the ad and are still interested when told nothing is final until a contract is signed. It's a positive for both buyer and seller. I really think the only ones who struggle with this are those who are being, what I would consider hyper vigilant. Believe me, I almost didn't use this method because I worked for law firms for years and now report to the General Counsel of a very large company and have sat through numerous deep meetings regarding the legal aspects of contests. In the end, I had confidence with exactly what I was doing. Anyone who showed up at the auction had to have called me (I set up a new phone number with no way to trace to the address), anyone who called me was told how it worked and I assured myself that they heard exactly what I said about no one being committed until a contract is signed. To my knowledge that did not scare off a single caller. Also, when anyone arrived for inspection, I reminded them that no one is committed until a contract is signed. In my opinion this takes the pressure off both ways. I believe I received more bids from those who attended (who were already told that nothing is final til a contract is signed) because they knew they could back out. It sort of took the pressure off and allowed us to talked directly and freely without each of us wondering about the other. I wouldn't hold it against anyone who is being, what I believe, is hyper vigilant, life is a series of risks. I wouldn't allow someone to bid who didn't understand or accept what I said that no one is committed til a contract is signed. But all this discussion makes it sound like it was a serious issue when it wasn't at all. Can I sit and imagine worst case scenarios, sure. And I did imagine them. But on the whole, it's a complete non-issue when you simply communicate clearly in every conversation and enjoy the process being transparent throughout. Tom 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 Andy Klee Sent: Saturday, November 21, 2009 2:18 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Already sold my house to the highest bidder. I'm happy that a friend told me about this process, and that the book and this forum exists. But I always said that there was an undisclosed reserve price, and that the house would be sold to the highest acceptable bidder. Again, it's splitting hairs to say that no one is obligated until the contract is signed. If not, then what does it mean to say that the house will be sold to the highest bidder? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! I hope it goes well for you however you proceed! Tom Arlington, TX 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night toHIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We didsome fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...) During the open house days we had a total of 20 groups. ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25minutes... The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc... What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25... Please... convince me not to work with a real estate agent... tell me myoptions... I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done? -Justin Spagnolo _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtoselly ourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------------------------------------------------------------------- _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtoselly ourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091122/1cf43777/attachment.html From tomwilson64 at yahoo.com Sun Nov 22 09:58:10 2009 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sun, 22 Nov 2009 08:58:10 -0600 Subject: [5-DayForum] I need some POST-5-DaySale analysis...because I failed miserably... In-Reply-To: References: <04e001ca6aea$e2c05ef0$a8411cd0$@com> Message-ID: <007901ca6b84$35c9e780$a15db680$@com> I didn't have a reserve in mind at all. You're really right fighting at this point so there isn't anything left to say. Most will go ahead just like the book says and be fine and others might decide they need to find the perfect theoretical ground to stand on. Do what makes you happy. It won't change my method, but I can tell it's more important to you so be happy in your vigilance. I just wanted to make sure others read that there has been a lot of research done and yours isn't the one right view. 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 Andy Klee Sent: Sunday, November 22, 2009 8:35 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-DaySale analysis...because I failed miserably... I agree that the process should be "transparent throughout". But why mislead people by saying that "the house will be sold to the highest bidder" unless you really mean it. If you have an undisclosed reserve price, and if the process is "transparent throughout", you should state up front that there is an undisclosed reserve price. -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 1:41 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-DaySale analysis...because I failed miserably... It means that people respond to that in the ad and are still interested when told nothing is final until a contract is signed. It's a positive for both buyer and seller. I really think the only ones who struggle with this are those who are being, what I would consider hyper vigilant. Believe me, I almost didn't use this method because I worked for law firms for years and now report to the General Counsel of a very large company and have sat through numerous deep meetings regarding the legal aspects of contests. In the end, I had confidence with exactly what I was doing. Anyone who showed up at the auction had to have called me (I set up a new phone number with no way to trace to the address), anyone who called me was told how it worked and I assured myself that they heard exactly what I said about no one being committed until a contract is signed. To my knowledge that did not scare off a single caller. Also, when anyone arrived for inspection, I reminded them that no one is committed until a contract is signed. In my opinion this takes the pressure off both ways. I believe I received more bids from those who attended (who were already told that nothing is final til a contract is signed) because they knew they could back out. It sort of took the pressure off and allowed us to talked directly and freely without each of us wondering about the other. I wouldn't hold it against anyone who is being, what I believe, is hyper vigilant, life is a series of risks. I wouldn't allow someone to bid who didn't understand or accept what I said that no one is committed til a contract is signed. But all this discussion makes it sound like it was a serious issue when it wasn't at all. Can I sit and imagine worst case scenarios, sure. And I did imagine them. But on the whole, it's a complete non-issue when you simply communicate clearly in every conversation and enjoy the process being transparent throughout. Tom 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 Andy Klee Sent: Saturday, November 21, 2009 2:18 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Already sold my house to the highest bidder. I'm happy that a friend told me about this process, and that the book and this forum exists. But I always said that there was an undisclosed reserve price, and that the house would be sold to the highest acceptable bidder. Again, it's splitting hairs to say that no one is obligated until the contract is signed. If not, then what does it mean to say that the house will be sold to the highest bidder? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! I hope it goes well for you however you proceed! Tom Arlington, TX 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we went by the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what other homes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night to HIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We did some fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so the local newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday, paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Of course nothing in the book spells out Halloween, because Halloween doesn't always fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts would make a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized the last contact and we were at 43. (Although we still got contacts for 10 days after...) During the open house days we had a total of 20 groups. ALL of them commented emphatically that it was a BEAUTIFUL, LOVELY home... even had some church ladies stop in, and they told me they felt heaven in our home... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the 99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for 106,5k cause I owe 128k, the high bidder said he wasn't interested in settling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25 minutes... The next day, the second highest bidder called to see how it went, when I told him, he said that he was prepared to bid at least 130k, which I would have settled for, but he decided it was in his best interest to purchase a brand new home with similar specs from a builder instead for 135K (no landscaping/fencing) but 'new' was important to this first time buyer... even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to use a real estate agent, I keep getting a sick feeling when I think that they'll basically be finding some buyer that can barely afford my home and talk me into rolling closing costs into the price...after they've tried to convince me that I should list it for higher, and reduce it as necessary...etc... What lessons should I have taken from this? Because my estimation is everything went smooth even for Halloween Weekend, except for the "magical" 25... Please... convince me not to work with a real estate agent... tell me my options... I'm now 1800+ miles from the house and the house is now empty...and I have no buyers... what have others done? -Justin Spagnolo _______________________________________________ 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091122/10fab599/attachment.html From Andy.Klee at ERPtips.com Sun Nov 22 10:36:17 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Sun, 22 Nov 2009 08:36:17 -0700 Subject: [5-DayForum] I needsome POST-5-DaySale analysis...because I failed miserably... In-Reply-To: <007901ca6b84$35c9e780$a15db680$@com> Message-ID: If you personally didn't have a reserve, then I have no problem with saying the house will be sold to the highest bidder. My house sold in a difficult market with the buyers being aware that there was an undisclosed reserve. -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Sunday, November 22, 2009 7:58 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I needsome POST-5-DaySale analysis...because I failed miserably... I didn't have a reserve in mind at all. You're really right fighting at this point so there isn't anything left to say. Most will go ahead just like the book says and be fine and others might decide they need to find the perfect theoretical ground to stand on. Do what makes you happy. It won't change my method, but I can tell it's more important to you so be happy in your vigilance. I just wanted to make sure others read that there has been a lot of research done and yours isn't the one right view. 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 Andy Klee Sent: Sunday, November 22, 2009 8:35 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-DaySale analysis...because I failed miserably... I agree that the process should be "transparent throughout". But why mislead people by saying that "the house will be sold to the highest bidder" unless you really mean it. If you have an undisclosed reserve price, and if the process is "transparent throughout", you should state up front that there is an undisclosed reserve price. -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 1:41 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-DaySale analysis...because I failed miserably... It means that people respond to that in the ad and are still interested when told nothing is final until a contract is signed. It's a positive for both buyer and seller. I really think the only ones who struggle with this are those who are being, what I would consider hyper vigilant. Believe me, I almost didn't use this method because I worked for law firms for years and now report to the General Counsel of a very large company and have sat through numerous deep meetings regarding the legal aspects of contests. In the end, I had confidence with exactly what I was doing. Anyone who showed up at the auction had to have called me (I set up a new phone number with no way to trace to the address), anyone who called me was told how it worked and I assured myself that they heard exactly what I said about no one being committed until a contract is signed. To my knowledge that did not scare off a single caller. Also, when anyone arrived for inspection, I reminded them that no one is committed until a contract is signed. In my opinion this takes the pressure off both ways. I believe I received more bids from those who attended (who were already told that nothing is final til a contract is signed) because they knew they could back out. It sort of took the pressure off and allowed us to talked directly and freely without each of us wondering about the other. I wouldn't hold it against anyone who is being, what I believe, is hyper vigilant, life is a series of risks. I wouldn't allow someone to bid who didn't understand or accept what I said that no one is committed til a contract is signed. But all this discussion makes it sound like it was a serious issue when it wasn't at all. Can I sit and imagine worst case scenarios, sure. And I did imagine them. But on the whole, it's a complete non-issue when you simply communicate clearly in every conversation and enjoy the process being transparent throughout. Tom 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 Andy Klee Sent: Saturday, November 21, 2009 2:18 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Already sold my house to the highest bidder. I'm happy that a friend told me about this process, and that the book and this forum exists. But I always said that there was an undisclosed reserve price, and that the house would be sold to the highest acceptable bidder. Again, it's splitting hairs to say that no one is obligated until the contract is signed. If not, then what does it mean to say that the house will be sold to the highest bidder? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Tom Wilson Sent: Saturday, November 21, 2009 10:52 AM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis...because I failed miserably... Andy, I had your same reservations about it. I can be hyper vigilant about legal issues and ethical issues. The key is that you involve yourself in every interaction. When you place the ad, you are getting attention. This is a good thing for buyers and for you. When you say you will sell to the highest bidder Sunday, you are committing yourself to that. The process is direct, it does not deceive anyone and it has a necessary life of its own. When you commit to the highest bidder you are saying you will work the process being most intelligent about the weekend you select, the methods you select to let buyers know, your openness and understanding of the process, willingness to be unnaturally open with your inspection to win buyers faith to bid and to enjoy the process from start to finish. You commit to the market on that weekend. There is risk when you do that. There is risk for buyers. You and your buyers will learn together. If something breaks that trust of being completely open or if you haven't carefully and diligently selected your methods of letting buyers know or chosen a weekend without care, then there can be challenges for both buyer and seller. If you aren't happy and committed to the process and showing that from the "ah-ha" moment when you understand and trust what you're doing until the end of the round robin and agreement then there can be challenges. I had to let go when I did mine and let myself enjoy the buyers, even the ones who acted suspicious, were never serious and thought I wasn't honest. Even they eventually admitted it was a good idea to me. In every interaction before Friday and during the inspection if the sale is held, you always are completely clear that there is no commitment until a contract is signed. This is something everyone can understand and everyone wants the protection of. There's no trickiness. The buyers are interested. They can't know what you're selling til they see it. When they see it, they have to trust the process and trust you to leave a bid. Trust is a very fragile thing and it takes very little to make them just move on to the next place never leaving a bid. If that happens with your three or so real buyers then the process is shot. It wasn't til I worked through it beginning to end, had my "ah-ha" moment and trusted it so I could enjoy it that I became the person others could trust. I looked people in the eyes, had a smile on my face and genuinely meant the things I told them. I genuinely was open about the flaws of the property, was glad to go over the details of the inspection. I remember well the moments when a few people's suspicion turned to trust, or it seemed to me it did. I really did have the same sense of moral dilemma as you did and if the archives are there from 2007 you can read my posts! I hope it goes well for you however you proceed! Tom Arlington, TX 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 Andy Klee Sent: Saturday, November 21, 2009 9:11 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... OK then. How ethical is it to say that you will sell the house to the highest bidder, and then not do it? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 7:15 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... No. Bill Effros Author Andy Klee wrote: How can anyone advertise that they are selling to the highest bidder and then not do that? Doesn't that open you up to being sued? Andy -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of Bill Effros Sent: Saturday, November 21, 2009 12:58 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] I need some POST-5-Day Sale analysis... because I failed miserably... Justin, On the weekend you offered your home it was worth between $100,000 and $110,000. You were offered fair money, and you located the top bidders. The 5-Day Method doesn't change the market. What you paid for your home, or how much you have in it, makes no difference with regard to current market value. If you were selling a used car, would you expect to get back what you paid? If you were selling stock would you expect to get back what you paid if the market is "down"? Same with homes. So many home owners thought they would automatically get more than they paid when it came time to sell. Free markets don't work that way. Empty houses quickly become problems. I would offer your home through a broker for a few months to see if you can net $110,000. That way, at least someone will be keeping an eye on your home. If a broker can get you $110,000 after commission, take it. If not, offer your home for $49,500 using the 5-Day Method in early Spring, and follow through. You know the drill. You will again be offered fair market value--take it. Bill Effros Author admin at standardcandledesign.com wrote: To Anyone, I attempted a home sale using the 5-Day Method, for the most part, we wentby the book... 3rd Edition... We figured our home was worth 140k-ish... mainly looking at what otherhomes in our area went for... Here WAS our Ad: TWIN FALLS (ID) BY OWNER 3Bdrm 2 Bath, Built 2006, Fenced Landscaped, 2 Car Garage $69,500 or BEST OFFER Inspection Sat-Sun 10-5 Will be sold Sunday night toHIGHEST BIDDER 801-755-5502 We advertised with the local newspaper, both online/print. We didsome fliers at some community bulletin boards, street posters on the open house days. The area is about 100,000 population, and nothing for two hours in any direction so thelocal newspaper is about it for advertising besides Craiglist, which we already did. Admittedly I broke 2 rules... By Friday Night, with Craiglist ad responses included (starting Monday,paper ad Wednesday) we were at 23 contacts... BUT... We figured maybe it was because we did it on HALLOWEEN weekend... Ofcourse nothing in the book spells out Halloween, because Halloween doesn'talways fall on a weekend as it did this year... So I believe we were foolish by not STRICTLY following the 25 rule... Yet my rational brain has a hard time accepting that 2 more contacts wouldmake a difference... By Saturday night, we had 39 contacts, by Sunday afternoon we finalized thelast contact and we were at 43. (Although we still got contacts for 10 daysafter...) During the open house days we had a total of 20 groups. ALL of themcommented emphatically that it was a BEAUTIFUL, LOVELY home... even hadsome church ladies stop in, and they told me they felt heaven in ourhome... 9 people left bids... 7 of them were investors and all dropped out at 99,400 The final round was one phone call with a top bid of 106,500 that the99,400 bidder didn't care to top, we waited 25 minutes... devastated... When I called and explained to the high bidder I couldn't sell it for106,5k cause I owe 128k, the high bidder said he wasn't interested insettling for any higher than his price... because he "couldn't afford it." I didn't bother to call the second highest bidder... cause we waited 25minutes... The next day, the second highest bidder called to see how it went, when Itold him, he said that he was prepared to bid at least 130k, which I wouldhave settled for, but he decided it was in his best interest to purchase abrand new home with similar specs from a builder instead for 135K (nolandscaping/fencing) but 'new' was important to this first time buyer...even though my home is only 3 years old. Since then... I find myself at a loss... because I REALLY don't want to usea real estate agent, I keep getting a sick feeling when I think thatthey'll basically be finding some buyer that can barely afford my home andtalk me into rolling closing costs into the price...after they've tried toconvince me that I should list it for higher, and reduce it asnecessary...etc... What lessons should I have taken from this? Because my estimation iseverything went smooth even for Halloween Weekend, except for the "magical"25... Please... convince me not to work with a real estate agent... tell me myoptions... I'm now 1800+ miles from the house and the house is now empty...and I haveno buyers... what have others done? -Justin Spagnolo _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtoselly ourhomein5days.com/mailman/listinfo.cgi/5-dayforum ------------------------------------------------------------------------ _______________________________________________5-DayForum mailing list5-DayForum at mailman.howtosellyourhomein5days.comhttp://mailman.howtoselly ourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091122/bd5af727/attachment.html From kirkras at hotmail.com Wed Nov 25 11:05:44 2009 From: kirkras at hotmail.com (Kirk Ras) Date: Wed, 25 Nov 2009 16:05:44 +0000 Subject: [5-DayForum] 5-day forum question In-Reply-To: <389C0D9E45724AAC8632DD2DA87C672D@YOUR6723A7F4EE> References: <389C0D9E45724AAC8632DD2DA87C672D@YOUR6723A7F4EE> Message-ID: Hi Jock, Welcome aboard. I haven't seen any messages come thru for a little bit. Once you sign up - any new posts will show up in your e-mail. I think not too many postings will come til after thanksgiving. I added sent this to the five day forum so it may show up there. Best Regards, Kirk From: mccleesj at comcast.net To: kirkras at hotmail.com; lbicon at aol.com Subject: FW: 5-day forum question Date: Wed, 25 Nov 2009 07:49:41 -0500 How do I access the 5 day forum. I have signed up. I have received an email saying I have been accepted. When I go to the website I click on the forum and it takes me to an archive that only goes thru last Sunday. I see a place to sign up again, but I see no place to log in to the forum. How does it work? Thanks, Jock McClees -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091125/2b13d124/attachment.html From Janetislight at aol.com Wed Nov 25 12:48:40 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Wed, 25 Nov 2009 12:48:40 EST Subject: [5-DayForum] 5-day forum question Message-ID: It sure did. :) Janet In a message dated 11/25/2009 10:07:06 A.M. Central Standard Time, kirkras at hotmail.com writes: Hi Jock, Welcome aboard. I haven't seen any messages come thru for a little bit. Once you sign up - any new posts will show up in your e-mail. I think not too many postings will come til after thanksgiving. I added sent this to the five day forum so it may show up there. Best Regards, Kirk ____________________________________ From: mccleesj at comcast.net To: kirkras at hotmail.com; lbicon at aol.com Subject: FW: 5-day forum question Date: Wed, 25 Nov 2009 07:49:41 -0500 How do I access the 5 day forum. I have signed up. I have received an email saying I have been accepted. When I go to the website I click on the forum and it takes me to an archive that only goes thru last Sunday. I see a place to sign up again, but I see no place to log in to the forum. How does it work? Thanks, Jock McClees = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091125/1a22c8e3/attachment.html From mjmljm at aol.com Sun Nov 22 12:05:01 2009 From: mjmljm at aol.com (mjmljm at aol.com) Date: Sun, 22 Nov 2009 12:05:01 -0500 Subject: [5-DayForum] remove me from mailing list Message-ID: <8CC39AD101B22B7-5298-1B4B6@webmail-d067.sysops.aol.com> LJ ><> -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091122/ba9496ce/attachment.html From mccleesj at comcast.net Sun Nov 22 23:19:17 2009 From: mccleesj at comcast.net (Jock McClees) Date: Sun, 22 Nov 2009 23:19:17 -0500 Subject: [5-DayForum] low end rowhouses Message-ID: <44B8FCF39A284D6C9F277B75FDC666D4@YOUR6723A7F4EE> I have a property I want to sell. It is a 3 bedroom rowhouse (townhouse) that has been fixed up. It will probably go for $65,000. The people in the neighborhood have a hard time coming up with the downpayment to buy. It could go to a homeowner or a landlord. But there are plenty of houses on the market that are in much rougher shape going for 30,000 to 35,000. So if I advertise at the low price, people will probably just figure that it is in bad shape. How do I differentiate my property from the others in a five day sale -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091122/95b0b120/attachment.html From mccleesj at comcast.net Tue Nov 24 01:18:14 2009 From: mccleesj at comcast.net (Jock McClees) Date: Tue, 24 Nov 2009 01:18:14 -0500 Subject: [5-DayForum] 5-day sale by a real estate agent Message-ID: <680F6B6A1AD74E2F99639EB35D61124A@YOUR6723A7F4EE> I have a real estate license and I have the house on the market and in the MLS. I am reading the book and want to do a 5 day sale. Do I need to take it off the MLS? What is the protocol? It was a rental that I have fixed up a bit and have listed for $65,000. Thanks in advance for your advice -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091124/9ee5aa06/attachment.html From mccleesj at comcast.net Tue Nov 24 17:12:51 2009 From: mccleesj at comcast.net (Jock McClees) Date: Tue, 24 Nov 2009 17:12:51 -0500 Subject: [5-DayForum] Why is forum only up through Sunday? Message-ID: <0ACACF88C22A426D91D043D352CF6514@YOUR6723A7F4EE> I click on the forum and it is only through this past Sunday. How quickly does it update? I would think it would update continuously and that there have been entries since Sunday. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091124/452b4cd5/attachment.html From mccleesj at comcast.net Wed Nov 25 22:11:37 2009 From: mccleesj at comcast.net (Jock McClees) Date: Wed, 25 Nov 2009 22:11:37 -0500 Subject: [5-DayForum] 5-day forum question In-Reply-To: References: Message-ID: Janet, I feel dumb, but I don't understand this response, "it sure did" You got Kirk's response to me through the forum? I still haven't gotten any emails from the forum. Also, when I opened your attachment, this was the only thing in it. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum Is that what you meant to send in the attachment? Sorry to be a bother. I appreciate your help. Thanks, Jock _____ From: 5-dayforum-bounces+mccleesj=comcast.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+mccleesj=comcast.net at mailman.howtosellyourhomein5 days.com] On Behalf Of Janetislight at aol.com Sent: Wednesday, November 25, 2009 12:49 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] 5-day forum question It sure did. :) Janet In a message dated 11/25/2009 10:07:06 A.M. Central Standard Time, kirkras at hotmail.com writes: Hi Jock, Welcome aboard. I haven't seen any messages come thru for a little bit. Once you sign up - any new posts will show up in your e-mail. I think not too many postings will come til after thanksgiving. I added sent this to the five day forum so it may show up there. Best Regards, Kirk _____ From: mccleesj at comcast.net To: kirkras at hotmail.com; lbicon at aol.com Subject: FW: 5-day forum question Date: Wed, 25 Nov 2009 07:49:41 -0500 How do I access the 5 day forum. I have signed up. I have received an email saying I have been accepted. When I go to the website I click on the forum and it takes me to an archive that only goes thru last Sunday. I see a place to sign up again, but I see no place to log in to the forum. How does it work? Thanks, Jock McClees = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091125/17c60fcd/attachment.html From Janetislight at aol.com Thu Nov 26 08:47:26 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Thu, 26 Nov 2009 08:47:26 EST Subject: [5-DayForum] low end rowhouses Message-ID: Say that it is renovated. And point out major fixes made. Show pictures. It's a whole new world! Janet In a message dated 11/25/2009 11:36:01 P.M. Central Standard Time, mccleesj at comcast.net writes: I have a property I want to sell. It is a 3 bedroom rowhouse (townhouse) that has been fixed up. It will probably go for $65,000. The people in the neighborhood have a hard time coming up with the downpayment to buy. It could go to a homeowner or a landlord. But there are plenty of houses on the market that are in much rougher shape going for 30,000 to 35,000. So if I advertise at the low price, people will probably just figure that it is in bad shape. How do I differentiate my property from the others in a five day sale _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091126/47b75418/attachment.html From Janetislight at aol.com Thu Nov 26 08:48:38 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Thu, 26 Nov 2009 08:48:38 EST Subject: [5-DayForum] 5-day sale by a real estate agent Message-ID: Yes, you need to take it off MLS IF is it with a realtor and broker. I think you are fine with FSBO. Janet In a message dated 11/25/2009 11:36:19 P.M. Central Standard Time, mccleesj at comcast.net writes: I have a real estate license and I have the house on the market and in the MLS. I am reading the book and want to do a 5 day sale. Do I need to take it off the MLS? What is the protocol? It was a rental that I have fixed up a bit and have listed for $65,000. Thanks in advance for your advice _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091126/f2d4f8ac/attachment.html From damian_colden at yahoo.com Thu Nov 26 10:46:23 2009 From: damian_colden at yahoo.com (Damian Colden) Date: Thu, 26 Nov 2009 07:46:23 -0800 (PST) Subject: [5-DayForum] 5-day sale by a real estate agent In-Reply-To: <680F6B6A1AD74E2F99639EB35D61124A@YOUR6723A7F4EE> References: <680F6B6A1AD74E2F99639EB35D61124A@YOUR6723A7F4EE> Message-ID: <748867.26343.qm@web53102.mail.re2.yahoo.com> If you are an active licensee, you should check with your Broker to see if they will allow you to sell FSBO. Active or not as a licensee, you should check with your state licensing authority about disclosing your professional status to potential buyers. The 5-day method was developed for FSBO's to sell their homes without the assistance of a Realtor. There are lots of Realtors on this forum that use the 5-day concepts as part of their marketing to get homes sold. So it can work either way. I disagree with many about removing from the MLS. Why not use the reach of the MLS to leverage the 5-day method and increase your potential to reach a true buyer? You just need to use the resource smartly and make sure that you stay within the MLS policies. Dac Colden Investor/Realtor ________________________________ From: Jock McClees To: 5-dayforum at howtosellyourhomein5days.com Sent: Tue, November 24, 2009 1:18:14 AM Subject: [5-DayForum] 5-day sale by a real estate agent I have a real estate license and I have the house on the market and in the MLS. I am reading the book and want to do a 5 day sale. Do I need to take it off the MLS? What is the protocol? It was a rental that I have fixed up a bit and have listed for $65,000. Thanks in advance for your advice -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091126/804555d5/attachment.html From jamesfleming.realestate at gmail.com Fri Nov 27 15:02:51 2009 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Fri, 27 Nov 2009 12:02:51 -0800 Subject: [5-DayForum] 5-day sale by a real estate agent In-Reply-To: <748867.26343.qm@web53102.mail.re2.yahoo.com> References: <680F6B6A1AD74E2F99639EB35D61124A@YOUR6723A7F4EE> <748867.26343.qm@web53102.mail.re2.yahoo.com> Message-ID: <98DE2B427DAF423ABD45869794E84A3C@JIMBIZ> Jock, I agree with Dac's response. You will need to carefully comply with the relevant policies set forth by your Broker, your Association, your State licensing authority, and your local MLS. But that is much easier than it sounds - you are already doing this in your everyday business activities. It has been my experience as a Realtor that Dac is right; using the reach of the MLS greatly enhances the probability of finding true buyers. Jim, Realtor Vancouver WA _____ From: 5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourho mein5days.com [mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtose llyourhomein5days.com] On Behalf Of Damian Colden Sent: Thursday, November 26, 2009 7:46 AM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] 5-day sale by a real estate agent If you are an active licensee, you should check with your Broker to see if they will allow you to sell FSBO. Active or not as a licensee, you should check with your state licensing authority about disclosing your professional status to potential buyers. The 5-day method was developed for FSBO's to sell their homes without the assistance of a Realtor. There are lots of Realtors on this forum that use the 5-day concepts as part of their marketing to get homes sold. So it can work either way. I disagree with many about removing from the MLS. Why not use the reach of the MLS to leverage the 5-day method and increase your potential to reach a true buyer? You just need to use the resource smartly and make sure that you stay within the MLS policies. Dac Colden Investor/Realtor _____ From: Jock McClees To: 5-dayforum at howtosellyourhomein5days.com Sent: Tue, November 24, 2009 1:18:14 AM Subject: [5-DayForum] 5-day sale by a real estate agent I have a real estate license and I have the house on the market and in the MLS. I am reading the book and want to do a 5 day sale. Do I need to take it off the MLS? What is the protocol? It was a rental that I have fixed up a bit and have listed for $65,000. Thanks in advance for your advice -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091127/df9e4deb/attachment.html From patricialone at hotmail.com Sat Nov 28 17:43:50 2009 From: patricialone at hotmail.com (Patricia Lone) Date: Sat, 28 Nov 2009 17:43:50 -0500 Subject: [5-DayForum] remove me from mailing list In-Reply-To: <8CC39AD101B22B7-5298-1B4B6@webmail-d067.sysops.aol.com> References: <8CC39AD101B22B7-5298-1B4B6@webmail-d067.sysops.aol.com> Message-ID: The way to "remove yourself" or to "unsubscribe" is below. Patricia (please, "not Pat") "Aspire to inspire before you expire!" Seasons (Powerpoint) "Be graceful when you are low, and grateful when you are high" (Richard Carlson) 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 To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Sun, 22 Nov 2009 12:05:01 -0500 From: mjmljm at aol.com Subject: [5-DayForum] remove me from mailing list LJ ><> -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091128/f4712da7/attachment.html From myfivedaysale at gmail.com Mon Nov 30 16:16:47 2009 From: myfivedaysale at gmail.com (myfive daysale) Date: Mon, 30 Nov 2009 15:16:47 -0600 Subject: [5-DayForum] HELP....Placing the AD Message-ID: <8cbc7d760911301316x67f3efb3v20840480e4dc8c38@mail.gmail.com> CHICAGO BY OWNER 3BR, 1Bath, New Kitch Huge Yard Enorm 3Car Gar 99,500 or Best Offer Inspection Dec. 5 - 6 10a-5p Home Will B Sold Sun. Night HIGHEST BIDDER 773-xxx-xxx Above is my ad, I had to modify a few lines to fit the newspapers guidelines. The problem is the last line "HIGHEST BIDDER" almost takes up one line. They said if I Use upper and lowercase letters it would work. What do you advise please help I have 3 business hours to place the ad Dave -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/48a4a71a/attachment.html From PJ323JP at aol.com Mon Nov 30 16:36:53 2009 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Mon, 30 Nov 2009 16:36:53 EST Subject: [5-DayForum] HELP....Placing the AD Message-ID: Dave, Just a novice opinion here. Chicago is a big city. Can you add a word or phrase to indicate the neighborhood? Peter In a message dated 11/30/2009 1:18:15 P.M. Pacific Standard Time, myfivedaysale at gmail.com writes: CHICAGO BY OWNER 3BR, 1Bath, New Kitch Huge Yard Enorm 3Car Gar 99,500 or Best Offer Inspection Dec. 5 - 6 10a-5p Home Will B Sold Sun. Night HIGHEST BIDDER 773-xxx-xxx Above is my ad, I had to modify a few lines to fit the newspapers guidelines. The problem is the last line "HIGHEST BIDDER" almost takes up one line. They said if I Use upper and lowercase letters it would work. What do you advise please help I have 3 business hours to place the ad Dave _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/75a76343/attachment.html From Andy.Klee at ERPtips.com Mon Nov 30 16:46:44 2009 From: Andy.Klee at ERPtips.com (Andy Klee) Date: Mon, 30 Nov 2009 14:46:44 -0700 Subject: [5-DayForum] HELP....Placing the AD In-Reply-To: Message-ID: Instead of saying Chicago, how about just saying the neighborhood? -----Original Message----- From: 5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein5days.co m [mailto:5-dayforum-bounces+andy.klee=erptips.com at mailman.howtosellyourhomein 5days.com]On Behalf Of PJ323JP at aol.com Sent: Monday, November 30, 2009 2:37 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] HELP....Placing the AD Dave, Just a novice opinion here. Chicago is a big city. Can you add a word or phrase to indicate the neighborhood? Peter In a message dated 11/30/2009 1:18:15 P.M. Pacific Standard Time, myfivedaysale at gmail.com writes: CHICAGO BY OWNER 3BR, 1Bath, New Kitch Huge Yard Enorm 3Car Gar 99,500 or Best Offer Inspection Dec. 5 - 6 10a-5p Home Will B Sold Sun. Night HIGHEST BIDDER 773-xxx-xxx Above is my ad, I had to modify a few lines to fit the newspapers guidelines. The problem is the last line "HIGHEST BIDDER" almost takes up one line. They said if I Use upper and lowercase letters it would work. What do you advise please help I have 3 business hours to place the ad Dave _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayfo rum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/bf3c3a7f/attachment.html From bill at effros.com Mon Nov 30 16:48:59 2009 From: bill at effros.com (Bill Effros) Date: Mon, 30 Nov 2009 16:48:59 -0500 Subject: [5-DayForum] HELP....Placing the AD In-Reply-To: References: Message-ID: <4B143DCB.2000802@effros.com> Good for you, Peter! It is so helpful when newer people have the courage to throw in their constructive advice. Of course, you are right. Narrow down the location. By speaking up you can confirm your grasp of the subject matter. This isn't rocket science. Most of the people on this Forum are gentle. If you get it wrong, someone will nicely state a different opinion, and you can learn from it. Thanks, again, Bill Effros Author PJ323JP at aol.com wrote: > Dave, > Just a novice opinion here. Chicago is a big city. Can you add a > word or phrase to indicate the neighborhood? > > Peter > > In a message dated 11/30/2009 1:18:15 P.M. Pacific Standard Time, > myfivedaysale at gmail.com writes: > > CHICAGO BY OWNER > > 3BR, 1Bath, New Kitch > > Huge Yard Enorm 3Car Gar > > 99,500 or Best Offer > > Inspection Dec. 5 - 6 10a-5p > > Home Will B Sold Sun. Night > > HIGHEST BIDDER 773-xxx-xxx > > > Above is my ad, I had to modify a few lines to fit the newspapers > guidelines. The problem is the last line "HIGHEST BIDDER" almost > takes up one line. They said if I Use upper and lowercase letters > it would work. What do you advise please help I have 3 business > hours to place the ad > > > Dave > > > > _______________________________________________ > 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 > -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/03e64abf/attachment.html From myfivedaysale at gmail.com Mon Nov 30 17:26:47 2009 From: myfivedaysale at gmail.com (myfive daysale) Date: Mon, 30 Nov 2009 16:26:47 -0600 Subject: [5-DayForum] HELP....Placing the AD Message-ID: <8cbc7d760911301426p2bcd8169tfc8ca74c8ad17c04@mail.gmail.com> Thank you all, I will narrow it down, but my main question is the final line. In the book it states the last line should read flush left in uppercase then flush right the phone number. The Daily Herald character limit for uppercase lettering is almost equal to two lowercase letters (I was told). So by writing "HIGHEST BIDDER" in all upper case it takes up the entire line 7 (no room for the phone #). What is the best way to rewrite this? - Highest Bidder (this will work, with the phone # but is it as effective) - HIGH BDR Thanks again -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/fcad699c/attachment.html From Janetislight at aol.com Mon Nov 30 18:27:41 2009 From: Janetislight at aol.com (Janetislight at aol.com) Date: Mon, 30 Nov 2009 18:27:41 EST Subject: [5-DayForum] HELP....Placing the AD Message-ID: maybe Highest BIDDER will fit? Greatest of luck on your sale! Janet In a message dated 11/30/2009 3:50:11 P.M. Central Standard Time, bill at effros.com writes: Good for you, Peter! It is so helpful when newer people have the courage to throw in their constructive advice. Of course, you are right. Narrow down the location. By speaking up you can confirm your grasp of the subject matter. This isn't rocket science. Most of the people on this Forum are gentle. If you get it wrong, someone will nicely state a different opinion, and you can learn from it. Thanks, again, Bill Effros Author _PJ323JP at aol.com_ (mailto:PJ323JP at aol.com) wrote: Dave, Just a novice opinion here. Chicago is a big city. Can you add a word or phrase to indicate the neighborhood? Peter In a message dated 11/30/2009 1:18:15 P.M. Pacific Standard Time, _myfivedaysale at gmail.com_ (mailto:myfivedaysale at gmail.com) writes: CHICAGO BY OWNER 3BR, 1Bath, New Kitch Huge Yard Enorm 3Car Gar 99,500 or Best Offer Inspection Dec. 5 - 6 10a-5p Home Will B Sold Sun. Night HIGHEST BIDDER 773-xxx-xxx Above is my ad, I had to modify a few lines to fit the newspapers guidelines. The problem is the last line "HIGHEST BIDDER" almost takes up one line. They said if I Use upper and lowercase letters it would work. What do you advise please help I have 3 business hours to place the ad Dave _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (mailto:5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/64e7394e/attachment.html From Jesh at halfacreinvestments.com Mon Nov 30 19:22:10 2009 From: Jesh at halfacreinvestments.com (Jesh Johnson) Date: Mon, 30 Nov 2009 18:22:10 -0600 Subject: [5-DayForum] Postlets Message-ID: Has anyone ever tried using Postlets to post the ads for their five day sale? -- Jesh From mccleesj at comcast.net Mon Nov 30 23:27:15 2009 From: mccleesj at comcast.net (Jock McClees) Date: Mon, 30 Nov 2009 23:27:15 -0500 Subject: [5-DayForum] Maryland 5-day sale with Realtor Message-ID: Have any realtors done a 5-day sale in Maryland and have they run into any issues with the laws here, the code of ethics, etc.? Thanks, Jock McClees -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/d7a1d78a/attachment.html From whadeduck_2007 at yahoo.com Sun Nov 29 13:01:56 2009 From: whadeduck_2007 at yahoo.com (Richard Borton) Date: Sun, 29 Nov 2009 10:01:56 -0800 (PST) Subject: [5-DayForum] What Value To Use? Message-ID: <161840.80571.qm@web44814.mail.sp1.yahoo.com> My home was just appraised at $192,000. Is 50% of that what I should use when listing the price in the 5-day add? Or should I find a current value for a home like mine and use that? So far, I've been finding that the current value of my home is around $160,000. But the mortgage right now is $166,000.00. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091129/dc0a5a23/attachment.html From whadeduck at aol.com Mon Nov 30 23:41:21 2009 From: whadeduck at aol.com (whadeduck at aol.com) Date: Mon, 30 Nov 2009 23:41:21 -0500 Subject: [5-DayForum] Appraised Value Vs Market Value Message-ID: <8CC4057AA41CD55-33B4-D1A4@webmail-d082.sysops.aol.com> My home was recently appraised for $192,000 but, according to Zillow, the home's only worth about $158,000. I owe $166,000 on it currently because I just refinanced to get some extra cash out. I'm shooting for a Spring sale because I'm still doing renovations. Any suggestions? I don't know if I can hold onto the house for too long. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20091130/19579f81/attachment.html