From t_schenck at hotmail.com Wed Jun 2 11:20:34 2010 From: t_schenck at hotmail.com (Tony Schenck) Date: Wed, 2 Jun 2010 11:20:34 -0400 Subject: [5-DayForum] Selling Land Message-ID: Hello Janet, everyone, hope y'all had a fine Memorial Day weekend! I have a business partner who bought 50 beautiful rolling acres in a rural area of South Carolina exactly half an hour north of the state capital, Columbia. He is an architect and designed a house for himself on the land, but lost interest in the project. He's had the land on sale at $320,000 for over a year and the broker is advising him to "take it off the market and put it back on at 299,999...so it will fall into a search bracket 'up to 300,000'." I seem to remember Bill Effros answering a question about selling land with a terse "no." The reason I can think of is that there are so many more buyers for houses than for land ...plus the situation is complicated by variety of potential end use (developer versus homesteader, etc.). We'd like to give it a 5 day shot unless youthink it's a complete waste of time and money. I also proposed to my partner that he consider involving his real estate agent...get him to spend some of the time and maybe all of the money to run a 5 Day program. What do you think? As always, Thanks for the input! Tony _________________________________________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100602/636fbb38/attachment.html From Janetislight at aol.com Wed Jun 2 12:19:48 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Wed, 2 Jun 2010 12:19:48 EDT Subject: [5-DayForum] Selling Land Message-ID: <7f1e2.3c195a1e.3937dea4@aol.com> Tony, I think you remember correctly about the "no" from Bill. I wouldn't do it. This sounds like completely raw land. I'm familiar with the area and price sounds about right..... 7 years ago. I agree with the realtor about moving it into a lower price search. It will also show as a new listing. What an expensive project to lose interest in. He is his own worst enemy. If he wants to make money on the deal, he's going to have to add value... run electricity, water... put in septic systems and drain fields... put in a driveway and curb and gutter. I really can't offer you any advice about this as I have never sold raw land. I've bought it, developed it and sold it but it is a huge undertaking. Wishing your friend all the best! Janet In a message dated 6/2/2010 10:20:50 A.M. Central Daylight Time, t_schenck at hotmail.com writes: Hello Janet, everyone, hope y'all had a fine Memorial Day weekend! I have a business partner who bought 50 beautiful rolling acres in a rural area of South Carolina exactly half an hour north of the state capital, Columbia. He is an architect and designed a house for himself on the land, but lost interest in the project. He's had the land on sale at $320,000 for over a year and the broker is advising him to "take it off the market and put it back on at 299,999...so it will fall into a search bracket 'up to 300,000'." I seem to remember Bill Effros answering a question about selling land with a terse "no." The reason I can think of is that there are so many more buyers for houses than for land ...plus the situation is complicated by variety of potential end use (developer versus homesteader, etc.). We'd like to give it a 5 day shot unless youthink it's a complete waste of time and money. I also proposed to my partner that he consider involving his real estate agent...get him to spend some of the time and maybe all of the money to run a 5 Day program. What do you think? As always, Thanks for the input! Tony ____________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. _Learn more._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1) = _______________________________________________ 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/20100602/3b9795d4/attachment.html From t_schenck at hotmail.com Wed Jun 2 17:08:28 2010 From: t_schenck at hotmail.com (Tony Schenck) Date: Wed, 2 Jun 2010 17:08:28 -0400 Subject: [5-DayForum] Selling Land In-Reply-To: <7f1e2.3c195a1e.3937dea4@aol.com> References: <7f1e2.3c195a1e.3937dea4@aol.com> Message-ID: Good points all. He has a place on Lake Murray on the south Lexington side. At one time he and his wife thought about moving closer to Newberry where she works. Bought the land in Pomaria 8 years ago for 250. I think he'd be quite happy to net 25k over that. I just don't know how you go about "showing" 50 acres of woods and fields to whomever shows up...if - big if - you got enough calls by Friday night. Best regards, Tony Schenck From: Janetislight at aol.com Date: Wed, 2 Jun 2010 12:19:48 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Selling Land Tony, I think you remember correctly about the "no" from Bill. I wouldn't do it. This sounds like completely raw land. I'm familiar with the area and price sounds about right..... 7 years ago. I agree with the realtor about moving it into a lower price search. It will also show as a new listing. What an expensive project to lose interest in. He is his own worst enemy. If he wants to make money on the deal, he's going to have to add value... run electricity, water... put in septic systems and drain fields... put in a driveway and curb and gutter. I really can't offer you any advice about this as I have never sold raw land. I've bought it, developed it and sold it but it is a huge undertaking. Wishing your friend all the best! Janet In a message dated 6/2/2010 10:20:50 A.M. Central Daylight Time, t_schenck at hotmail.com writes: Hello Janet, everyone, hope y'all had a fine Memorial Day weekend! I have a business partner who bought 50 beautiful rolling acres in a rural area of South Carolina exactly half an hour north of the state capital, Columbia. He is an architect and designed a house for himself on the land, but lost interest in the project. He's had the land on sale at $320,000 for over a year and the broker is advising him to "take it off the market and put it back on at 299,999...so it will fall into a search bracket 'up to 300,000'." I seem to remember Bill Effros answering a question about selling land with a terse "no." The reason I can think of is that there are so many more buyers for houses than for land ...plus the situation is complicated by variety of potential end use (developer versus homesteader, etc.). We'd like to give it a 5 day shot unless youthink it's a complete waste of time and money. I also proposed to my partner that he consider involving his real estate agent...get him to spend some of the time and maybe all of the money to run a 5 Day program. What do you think? As always, Thanks for the input! Tony Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. Learn more. = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100602/3b868729/attachment.html From Janetislight at aol.com Wed Jun 2 20:58:45 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Wed, 2 Jun 2010 20:58:45 EDT Subject: [5-DayForum] Selling Land Message-ID: Tony, I'd leave this to a realtor. I don't think 5-Day will work for this. Janet In a message dated 6/2/2010 4:14:45 P.M. Central Daylight Time, t_schenck at hotmail.com writes: Good points all. He has a place on Lake Murray on the south Lexington side. At one time he and his wife thought about moving closer to Newberry where she works. Bought the land in Pomaria 8 years ago for 250. I think he'd be quite happy to net 25k over that. I just don't know how you go about "sho wing" 50 acres of woods and fields to whomever shows up...if - big if - you got enough calls by Friday night. Best regards, Tony Schenck ____________________________________ From: Janetislight at aol.com Date: Wed, 2 Jun 2010 12:19:48 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Selling Land Tony, I think you remember correctly about the "no" from Bill. I wouldn't do it. This sounds like completely raw land. I'm familiar with the area and price sounds about right..... 7 years ago. I agree with the realtor about moving it into a lower price search. It will also show as a new listing. What an expensive project to lose interest in. He is his own worst enemy. If he wants to make money on the deal, he's going to have to add value... run electricity, water... put in septic systems and drain fields... put in a driveway and curb and gutter. I really can't offer you any advice about this as I have never sold raw land. I've bought it, developed it and sold it but it is a huge undertaking. Wishing your friend all the best! Janet In a message dated 6/2/2010 10:20:50 A.M. Central Daylight Time, t_schenck at hotmail.com writes: Hello Janet, everyone, hope y'all had a fine Memorial Day weekend! I have a business partner who bought 50 beautiful rolling acres in a rural area of South Carolina exactly half an hour north of the state capital, Columbia. He is an architect and designed a house for himself on the land, but lost interest in the project. He's had the land on sale at $320,000 for over a year and the broker is advising him to "take it off the market and put it back on at 299,999...so it will fall into a search bracket 'up to 300,000'." I seem to remember Bill Effros answering a question about selling land with a terse "no." The reason I can think of is that there are so many more buyers for houses than for land ...plus the situation is complicated by variety of potential end use (developer versus homesteader, etc.). We'd like to give it a 5 day shot unless youthink it's a complete waste of time and money. I also proposed to my partner that he consider involving his real estate agent...get him to spend some of the time and maybe all of the money to run a 5 Day program. What do you think? As always, Thanks for the input! Tony ____________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. _Learn more._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1) = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ____________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. _See how._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2) = _______________________________________________ 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/20100602/59cbeb20/attachment.html From jamesfleming.realestate at gmail.com Thu Jun 3 01:25:45 2010 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Wed, 2 Jun 2010 22:25:45 -0700 Subject: [5-DayForum] Selling Land In-Reply-To: References: <7f1e2.3c195a1e.3937dea4@aol.com> Message-ID: <06e501cb02dd$38a05250$a9e0f6f0$@gmail.com> Tony and Janet, TIP: The advent of the Internet changed the way most people search for property. A preponderance of buyers start their searches on the Internet; few people look in the newspaper. That said, listing a property for $299,999 is a carry-over marketing trick from newspaper days that backfires on the Internet. When people initiate searches, they use whole numbers. While $299,999 will get seen by everyone looking for land up to $300,000, it ELIMINATES everyone looking for land from $300,000 and above. The selling price of $320,000 potentially had a similar impact. Tony's friend might have been happy to sell for $300,000, but buyers looking for land up to $300,000 never saw his property. In Internet real estate advertising, once you are above $250K, stick with big numbers and always round up. Below $250,000 work in $10K increments; below $150,000 work in $5K increments. The results are dramatic compared to the results of prices like $149,900 etc. All the best to you! Jim F. - 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 Tony Schenck Sent: Wednesday, June 02, 2010 2:08 PM To: Janet 5-Day System Subject: Re: [5-DayForum] Selling Land Good points all. He has a place on Lake Murray on the south Lexington side. At one time he and his wife thought about moving closer to Newberry where she works. Bought the land in Pomaria 8 years ago for 250. I think he'd be quite happy to net 25k over that. I just don't know how you go about "showing" 50 acres of woods and fields to whomever shows up...if - big if - you got enough calls by Friday night. Best regards, Tony Schenck _____ From: Janetislight at aol.com Date: Wed, 2 Jun 2010 12:19:48 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Selling Land Tony, I think you remember correctly about the "no" from Bill. I wouldn't do it. This sounds like completely raw land. I'm familiar with the area and price sounds about right..... 7 years ago. I agree with the realtor about moving it into a lower price search. It will also show as a new listing. What an expensive project to lose interest in. He is his own worst enemy. If he wants to make money on the deal, he's going to have to add value... run electricity, water... put in septic systems and drain fields... put in a driveway and curb and gutter. I really can't offer you any advice about this as I have never sold raw land. I've bought it, developed it and sold it but it is a huge undertaking. Wishing your friend all the best! Janet In a message dated 6/2/2010 10:20:50 A.M. Central Daylight Time, t_schenck at hotmail.com writes: Hello Janet, everyone, hope y'all had a fine Memorial Day weekend! I have a business partner who bought 50 beautiful rolling acres in a rural area of South Carolina exactly half an hour north of the state capital, Columbia. He is an architect and designed a house for himself on the land, but lost interest in the project. He's had the land on sale at $320,000 for over a year and the broker is advising him to "take it off the market and put it back on at 299,999...so it will fall into a search bracket 'up to 300,000'." I seem to remember Bill Effros answering a question about selling land with a terse "no." The reason I can think of is that there are so many more buyers for houses than for land ...plus the situation is complicated by variety of potential end use (developer versus homesteader, etc.). We'd like to give it a 5 day shot unless youthink it's a complete waste of time and money. I also proposed to my partner that he consider involving his real estate agent...get him to spend some of the time and maybe all of the money to run a 5 Day program. What do you think? As always, Thanks for the input! Tony _____ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. Learn more. = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _____ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100602/dba51470/attachment.html From soldtohighestbidder at gmail.com Thu Jun 3 20:22:49 2010 From: soldtohighestbidder at gmail.com (Ileana Bourland) Date: Thu, 3 Jun 2010 19:22:49 -0500 Subject: [5-DayForum] signs are working! Message-ID: People of the 5-Day Forum, I put up the 20 hand-written signs and I'm getting a great response - 19 so far in the last 2 days. I also have an ad posted on Craigslist, but not much response there - I think 4. If you remember, I tried to have a sale 2 weeks ago, but I only got 18 responses total by Friday. So I'm going for it this weekend. I'm in Austin and if anyone is looking for signs locally, I got mine at Super Cheap Signs up by Metric: http://www.supercheapsigns.com/ Wish me luck and thanks for the advice on signs! Ileana -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100603/c1688007/attachment.html From rosemarie-fred at mindspring.com Fri Jun 4 08:30:45 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Fri, 4 Jun 2010 08:30:45 -0400 Subject: [5-DayForum] signs are working! References: Message-ID: We are with you! Please keep us updated on how it goes. he forum has been fairly quiet lately, and we all need a success story to perk us up. Good luck Rosemarie ----- Original Message ----- From: Ileana Bourland To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thursday, June 03, 2010 8:22 PM Subject: [5-DayForum] signs are working! People of the 5-Day Forum, I put up the 20 hand-written signs and I'm getting a great response - 19 so far in the last 2 days. I also have an ad posted on Craigslist, but not much response there - I think 4. If you remember, I tried to have a sale 2 weeks ago, but I only got 18 responses total by Friday. So I'm going for it this weekend. I'm in Austin and if anyone is looking for signs locally, I got mine at Super Cheap Signs up by Metric: http://www.supercheapsigns.com/ Wish me luck and thanks for the advice on signs! Ileana ------------------------------------------------------------------------------ _______________________________________________ 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/20100604/b3f51aad/attachment.html From Janetislight at aol.com Fri Jun 4 13:00:24 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 4 Jun 2010 13:00:24 EDT Subject: [5-DayForum] signs are working! Message-ID: <5cb96.4914534.393a8b28@aol.com> Ileana, You go girl!!!! Woo hoo!!!! In my head I'm hearing the song... signs, sign, everywhere..... Keep us posted!!!! Janet In a message dated 6/3/2010 7:23:00 P.M. Central Daylight Time, soldtohighestbidder at gmail.com writes: People of the 5-Day Forum, I put up the 20 hand-written signs and I'm getting a great response - 19 so far in the last 2 days. I also have an ad posted on Craigslist, but not much response there - I think 4. If you remember, I tried to have a sale 2 weeks ago, but I only got 18 responses total by Friday. So I'm going for it this weekend. I'm in Austin and if anyone is looking for signs locally, I got mine at Super Cheap Signs up by Metric: _http://www.supercheapsigns.com/_ (http://www.supercheapsigns.com/) Wish me luck and thanks for the advice on signs! Ileana _______________________________________________ 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/20100604/510fd767/attachment.html From rziady at hotmail.com Wed Jun 2 12:08:08 2010 From: rziady at hotmail.com (Riyan Ziady) Date: Wed, 2 Jun 2010 16:08:08 +0000 Subject: [5-DayForum] the unsellable...need advice Message-ID: Hi all, I've bought the book, signed up on the forum and now need some advice. This is my situation.... 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...). The redevelopment has stalled due to the economy and values have dropped precipitously in my area. I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently. I owe $125k on the property but would gladly sell at a loss to get out of it. My rate is resetting and I just don't have the time to manage it with a young family and work. I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal". After all, people who respond to auctions are in fact deal seekers who don't want to pay market value. Unless I'm missing something, this is a shortcoming of the process. Explanation? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience? Another shortcoming? If that "one" person is not reached, then is your market price set? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected". If that's the case, then what is the point? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me). He suggested that putting the auction on MLS could possibly generate huge interest. Any thoughts? Lastly, the roof is not pretty. I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible. Three layers and badly worn. Per my understanding from the book, I shouldn't replace it. Other than that, the property in in good shape and very clean. Advice on the roof? It should be an attractive investment. Cash flows $1,300/mo and at $100k to $115k, that's an 11% to 12% yield. I don't understand why it doesn't generate interest. I've had brokers tell me that its a function of buyers not being able to obtain investment property financing. Thoughts? Thank for any advice... R _________________________________________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100602/70038f10/attachment.html From carolamyd at hotmail.com Wed Jun 2 12:40:42 2010 From: carolamyd at hotmail.com (carol dion) Date: Wed, 2 Jun 2010 12:40:42 -0400 Subject: [5-DayForum] Selling Land In-Reply-To: <7f1e2.3c195a1e.3937dea4@aol.com> References: <7f1e2.3c195a1e.3937dea4@aol.com> Message-ID: I posted a question a week ago and still haven't seen it posted or replied to - am I doing something wrong?? Thanks - Carol From: Janetislight at aol.com Date: Wed, 2 Jun 2010 12:19:48 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Selling Land Tony, I think you remember correctly about the "no" from Bill. I wouldn't do it. This sounds like completely raw land. I'm familiar with the area and price sounds about right..... 7 years ago. I agree with the realtor about moving it into a lower price search. It will also show as a new listing. What an expensive project to lose interest in. He is his own worst enemy. If he wants to make money on the deal, he's going to have to add value... run electricity, water... put in septic systems and drain fields... put in a driveway and curb and gutter. I really can't offer you any advice about this as I have never sold raw land. I've bought it, developed it and sold it but it is a huge undertaking. Wishing your friend all the best! Janet In a message dated 6/2/2010 10:20:50 A.M. Central Daylight Time, t_schenck at hotmail.com writes: Hello Janet, everyone, hope y'all had a fine Memorial Day weekend! I have a business partner who bought 50 beautiful rolling acres in a rural area of South Carolina exactly half an hour north of the state capital, Columbia. He is an architect and designed a house for himself on the land, but lost interest in the project. He's had the land on sale at $320,000 for over a year and the broker is advising him to "take it off the market and put it back on at 299,999...so it will fall into a search bracket 'up to 300,000'." I seem to remember Bill Effros answering a question about selling land with a terse "no." The reason I can think of is that there are so many more buyers for houses than for land ...plus the situation is complicated by variety of potential end use (developer versus homesteader, etc.). We'd like to give it a 5 day shot unless youthink it's a complete waste of time and money. I also proposed to my partner that he consider involving his real estate agent...get him to spend some of the time and maybe all of the money to run a 5 Day program. What do you think? As always, Thanks for the input! Tony Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. Learn more. = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100602/f8a11d18/attachment.html From carolamyd at hotmail.com Wed Jun 2 16:56:13 2010 From: carolamyd at hotmail.com (carol dion) Date: Wed, 2 Jun 2010 16:56:13 -0400 Subject: [5-DayForum] Where to Advertise in Westchester, NY Message-ID: Please help - we would like to hold a 5 day sale in the next 2 - 3 weeks and need to know the best advertising means for our area. Has anyone paid for a package deal on Realtor.com under the For Sale By Owner website?? Please advise asap!Thanks so much!!Carol _________________________________________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100602/85e1c042/attachment.html From rpribilski at aol.com Thu Jun 3 00:53:04 2010 From: rpribilski at aol.com (rpribilski at aol.com) Date: Thu, 3 Jun 2010 00:53:04 -0400 (EDT) Subject: [5-DayForum] onsite sales greeter assistance Message-ID: <8CCD0EFC8DC6E86-FB4-85A4@webmail-d068.sysops.aol.com> anyone know of a firm or group in Chicagoland area who can help with the sale/greeter role? I understand the process and realize how important it is to manage the people who come to view your home. I'm by myself and cannot do it as a one person. looking to sell very soon. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100603/3be1f303/attachment.html From rflyboy407 at aol.com Thu Jun 3 17:04:31 2010 From: rflyboy407 at aol.com (Robert Hounchell) Date: Thu, 3 Jun 2010 15:04:31 -0600 Subject: [5-DayForum] Need to sell quickly in Lakewood CO Message-ID: <3B4AFA05-EFE8-4C13-A78D-DEBE171E6F18@aol.com> I'm looking for anyone with 5-day sales event experience in greater Denver area. Thanks, Robert From rflyboy407 at aol.com Thu Jun 3 17:22:13 2010 From: rflyboy407 at aol.com (rflyboy407 at aol.com) Date: Thu, 03 Jun 2010 17:22:13 -0400 Subject: [5-DayForum] Looking for 5-day sales event experience in Greater Denver Area Message-ID: <8CCD179F83469BB-EB4-E6D9@webmail-m091.sysops.aol.com> Wow! Just began reading 3rd edition of "How to Sell Your Home in 5 Days" & need to quickly sell/flip a bank-approved short sale. Any current experience out there using this method? Thanks, Robert -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100603/df6866b9/attachment.html From rpribilski at aol.com Fri Jun 4 00:28:27 2010 From: rpribilski at aol.com (rpribilski at aol.com) Date: Fri, 4 Jun 2010 00:28:27 -0400 (EDT) Subject: [5-DayForum] handling on-site prospects Message-ID: <8CCD1B58314A43C-2058-806E@webmail-d043.sysops.aol.com> does anyone in IL Chicagoland know of persons for hire to help with the on-site sale? I am by myself and have no one around to help me handle all the visitors/prospective buyers on the weekend. I plan to do the sale in a few weeks. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100604/5da15ee7/attachment.html From carolamyd at hotmail.com Fri Jun 4 12:33:25 2010 From: carolamyd at hotmail.com (carol dion) Date: Fri, 4 Jun 2010 12:33:25 -0400 Subject: [5-DayForum] postings In-Reply-To: References: , Message-ID: Why aren't my postings getting approved - how long does it usually take?? From: rosemarie-fred at mindspring.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Fri, 4 Jun 2010 08:30:45 -0400 Subject: Re: [5-DayForum] signs are working! We are with you! Please keep us updated on how it goes. he forum has been fairly quiet lately, and we all need a success story to perk us up. Good luck Rosemarie ----- Original Message ----- From: Ileana Bourland To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thursday, June 03, 2010 8:22 PM Subject: [5-DayForum] signs are working! People of the 5-Day Forum, I put up the 20 hand-written signs and I'm getting a great response - 19 so far in the last 2 days. I also have an ad posted on Craigslist, but not much response there - I think 4. If you remember, I tried to have a sale 2 weeks ago, but I only got 18 responses total by Friday. So I'm going for it this weekend. I'm in Austin and if anyone is looking for signs locally, I got mine at Super Cheap Signs up by Metric: http://www.supercheapsigns.com/ Wish me luck and thanks for the advice on signs! Ileana _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100604/95962c54/attachment.html From aaaglidewell at gmail.com Fri Jun 4 16:12:25 2010 From: aaaglidewell at gmail.com (Ace And Ang Glidewell) Date: Fri, 4 Jun 2010 16:12:25 -0400 Subject: [5-DayForum] Purchase Agreement Message-ID: Hi, I'm Selling home East of Grand Rapids, MI next weekend. Would you be able to recommend a source for a purchase agreement, please? Thank you, A. Glidewell -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100604/d818d08c/attachment.html From onelson at c-mgi.com Tue Jun 1 16:58:55 2010 From: onelson at c-mgi.com (Olof Nelson) Date: Tue, 1 Jun 2010 16:58:55 -0400 Subject: [5-DayForum] Question Message-ID: <4c057472.014fd80a.7f8a.1a93@mx.google.com> How many houses have been sold in the +/- $10 million using the five day sale? Olof From rosemarie-fred at mindspring.com Fri Jun 4 23:40:48 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Fri, 4 Jun 2010 23:40:48 -0400 Subject: [5-DayForum] the unsellable...need advice References: Message-ID: <8ED1BE5978F34F999A4A95A6DD5EEC07@rosemarifv6onv> Since you are selling this as an investment property, you might have more luck advertising through your local REIA. You may find someone there with cash or who can get some through private lenders. The 5-day sale really works best (I think) for people selling their own home to buyers who want it for their own home. I may be mistaken.If your buyer gets the house inspected and it needs a new roof, you may need to discount it even more. Have you considered getting a property manager and hanging on to it? If the ROI is as good as you say. I would think it might be worth hiring someone to manage it so you can attend to your life. Then, who knows, the market may pick up again. Your comments as far as a fault in "the system" are discussed in great detail and repeatedly on this forum - check the archives. I wish you good luck with your house - keep us updated. Rosemarie ----- Original Message ----- From: Riyan Ziady To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Wednesday, June 02, 2010 12:08 PM Subject: [5-DayForum] the unsellable...need advice Hi all, I've bought the book, signed up on the forum and now need some advice. This is my situation.... 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...). The redevelopment has stalled due to the economy and values have dropped precipitously in my area. I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently. I owe $125k on the property but would gladly sell at a loss to get out of it. My rate is resetting and I just don't have the time to manage it with a young family and work. I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal". After all, people who respond to auctions are in fact deal seekers who don't want to pay market value. Unless I'm missing something, this is a shortcoming of the process. Explanation? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience? Another shortcoming? If that "one" person is not reached, then is your market price set? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected". If that's the case, then what is the point? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me). He suggested that putting the auction on MLS could possibly generate huge interest. Any thoughts? Lastly, the roof is not pretty. I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible. Three layers and badly worn. Per my understanding from the book, I shouldn't replace it. Other than that, the property in in good shape and very clean. Advice on the roof? It should be an attractive investment. Cash flows $1,300/mo and at $100k to $115k, that's an 11% to 12% yield. I don't understand why it doesn't generate interest. I've had brokers tell me that its a function of buyers not being able to obtain investment property financing. Thoughts? Thank for any advice... R ------------------------------------------------------------------------------ The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. ------------------------------------------------------------------------------ _______________________________________________ 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/20100604/afacdd0b/attachment.html From rosemarie-fred at mindspring.com Fri Jun 4 23:42:46 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Fri, 4 Jun 2010 23:42:46 -0400 Subject: [5-DayForum] the broker fees References: <362030.31783.qm@web120117.mail.ne1.yahoo.com> Message-ID: Your mention of a reserve says that you have not fully grasped the concept. A reserve will doom your sale. The thought of a reserve will doom your sale. Rosemarie ----- Original Message ----- From: "james register" To: <5-DayForum at mailman.howtosellyourhomein5days.com> Sent: Saturday, May 29, 2010 1:13 PM Subject: [5-DayForum] the broker fees > Hello, > in the book you teach net to the seller, the buyer must pay the broker fee > seprately. Is this standard? Why not just up the reserve by 6%? > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum From rosemarie-fred at mindspring.com Fri Jun 4 23:47:22 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Fri, 4 Jun 2010 23:47:22 -0400 Subject: [5-DayForum] Getting ready but have questions References: <861422.9566.qm@web114520.mail.gq1.yahoo.com> Message-ID: I think the house should come out of the MLS. You may have some problems with a "full price offer" as listed on MLS which is really just your starting point. If you don't have it in MLS then you can negotiate with anyone who comes in the same way - if the buyer hires the realtor, they can pay them. I know the system doesn't work that way - seems silly to me. I know I have turned realtors off when they call and I don't agree to pay them. I hear the Houston market is lower than it was 30 years ago. Ouch! I wish you the very best of luck - the right buyer is just waiting for your house. Rosemarie ----- Original Message ----- From: Harold Andrew To: 5-dayforum at howtosellyourhomein5days.com Sent: Monday, May 31, 2010 10:45 AM Subject: [5-DayForum] Getting ready but have questions Hello, We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant) that has used this system before. We also have our home listed on our local MLS. OK that being said our question is this. We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 ------------------------------------------------------------------------------ _______________________________________________ 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/20100604/44ba1949/attachment.html From rosemarie-fred at mindspring.com Fri Jun 4 23:48:40 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Fri, 4 Jun 2010 23:48:40 -0400 Subject: [5-DayForum] Purchase Agreement References: Message-ID: <0A75423280014D1C857DD3370137EB47@rosemarifv6onv> Your lawyer or title agent should be able to provide one. Rosemarie ----- Original Message ----- From: Ace And Ang Glidewell To: 5-dayforum at howtosellyourhomein5days.com Sent: Friday, June 04, 2010 4:12 PM Subject: [5-DayForum] Purchase Agreement Hi, I'm Selling home East of Grand Rapids, MI next weekend. Would you be able to recommend a source for a purchase agreement, please? Thank you, A. Glidewell ------------------------------------------------------------------------------ _______________________________________________ 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/20100604/97e1f2b9/attachment.html From Janetislight at aol.com Sat Jun 5 00:00:36 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 00:00:36 EDT Subject: [5-DayForum] advertising in Westchester, NY and inspection Message-ID: <92960.1cb0da25.393b25e4@aol.com> Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave ____________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) = _______________________________________________ 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/20100605/9821ceae/attachment.html From Janetislight at aol.com Sat Jun 5 00:07:58 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 00:07:58 EDT Subject: [5-DayForum] the unsellable...need advice Message-ID: <92b94.bf68a48.393b279e@aol.com> R, You're ideas with reference to an "auction" being deal seekers is a little off the path as this is not an auction. This is a sale over a short period of time with a round robin. I may be wrong, but if you go MLS you will have to take what you put in as the asking price if no one goes over. Having a realtor handle it takes you completely out of the negotiating loop, as it is no longer an FSBO property. Therefore, you could not conduct the round robin or have any interaction regarding price with potential buyers. Bills reference to the value of a house on "that day" is exactly right. This method is for quick, motivated sellers. If you want to wait for months for the highest ever bidder to show up at your door step, use a realtor. Janet In a message dated 6/4/2010 8:30:03 P.M. Central Daylight Time, rziady at hotmail.com writes: Hi all, I've bought the book, signed up on the forum and now need some advice. This is my situation.... 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...). The redevelopment has stalled due to the economy and values have dropped precipitously in my area. I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently. I owe $125k on the property but would gladly sell at a loss to get out of it. My rate is resetting and I just don't have the time to manage it with a young family and work. I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal". After all, people who respond to auctions are in fact deal seekers who don't want to pay market value. Unless I'm missing something, this is a shortcoming of the process. Explanation? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience? Another shortcoming? If that "one" person is not reached, then is your market price set? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected". If that's the case, then what is the point? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me). He suggested that putting the auction on MLS could possibly generate huge interest. Any thoughts? Lastly, the roof is not pretty. I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible. Three layers and badly worn. Per my understanding from the book, I shouldn't replace it. Other than that, the property in in good shape and very clean. Advice on the roof? It should be an attractive investment. Cash flows $1,300/mo and at $100k to $115k, that's an 11% to 12% yield. I don't understand why it doesn't generate interest. I've had brokers tell me that its a function of buyers not being able to obtain investment property financing. Thoughts? Thank for any advice... R ____________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) = _______________________________________________ 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/20100605/b41493de/attachment.html From Janetislight at aol.com Sat Jun 5 00:08:45 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 00:08:45 EDT Subject: [5-DayForum] Selling Land Message-ID: <92bd2.7e993792.393b27cd@aol.com> You are showing up now! :) Janet In a message dated 6/4/2010 8:30:36 P.M. Central Daylight Time, carolamyd at hotmail.com writes: I posted a question a week ago and still haven't seen it posted or replied to - am I doing something wrong?? Thanks - Carol ____________________________________ From: Janetislight at aol.com Date: Wed, 2 Jun 2010 12:19:48 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Selling Land Tony, I think you remember correctly about the "no" from Bill. I wouldn't do it. This sounds like completely raw land. I'm familiar with the area and price sounds about right..... 7 years ago. I agree with the realtor about moving it into a lower price search. It will also show as a new listing. What an expensive project to lose interest in. He is his own worst enemy. If he wants to make money on the deal, he's going to have to add value... run electricity, water... put in septic systems and drain fields... put in a driveway and curb and gutter. I really can't offer you any advice about this as I have never sold raw land. I've bought it, developed it and sold it but it is a huge undertaking. Wishing your friend all the best! Janet In a message dated 6/2/2010 10:20:50 A.M. Central Daylight Time, t_schenck at hotmail.com writes: Hello Janet, everyone, hope y'all had a fine Memorial Day weekend! I have a business partner who bought 50 beautiful rolling acres in a rural area of South Carolina exactly half an hour north of the state capital, Columbia. He is an architect and designed a house for himself on the land, but lost interest in the project. He's had the land on sale at $320,000 for over a year and the broker is advising him to "take it off the market and put it back on at 299,999...so it will fall into a search bracket 'up to 300,000'." I seem to remember Bill Effros answering a question about selling land with a terse "no." The reason I can think of is that there are so many more buyers for houses than for land ...plus the situation is complicated by variety of potential end use (developer versus homesteader, etc.). We'd like to give it a 5 day shot unless youthink it's a complete waste of time and money. I also proposed to my partner that he consider involving his real estate agent...get him to spend some of the time and maybe all of the money to run a 5 Day program. What do you think? As always, Thanks for the input! Tony ____________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. _Learn more._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1) = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ____________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. _Learn more._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1) = _______________________________________________ 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/20100605/7ef319d2/attachment.html From Janetislight at aol.com Sat Jun 5 00:13:01 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 00:13:01 EDT Subject: [5-DayForum] the broker fees Message-ID: <92d27.71352a31.393b28cd@aol.com> You can do either or. This method is meant for sales no including realtors. At MOST I would offer 3% for the buyer's realtor. You won't have one, so the full 6% wouldn't be applicable. Janet In a message dated 6/4/2010 8:33:33 P.M. Central Daylight Time, theregisterfiles at yahoo.com writes: Hello, in the book you teach net to the seller, the buyer must pay the broker fee seprately. Is this standard? Why not just up the reserve by 6%? _______________________________________________ 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/20100605/671b639d/attachment.html From Janetislight at aol.com Sat Jun 5 00:15:10 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 00:15:10 EDT Subject: [5-DayForum] Getting ready but have questions Message-ID: <92df3.5413768f.393b294e@aol.com> When people call, they will tell you if they are a realtor and if you are offering to cover their fee. A simple no ends the conversation very quickly. Janet In a message dated 6/4/2010 8:33:57 P.M. Central Daylight Time, house4sale.meadowhill at yahoo.com writes: Hello, We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant) that has used this system before. We also have our home listed on our local MLS. OK that being said our question is this. We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 _______________________________________________ 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/20100605/beff4875/attachment.html From Janetislight at aol.com Sat Jun 5 00:17:32 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 00:17:32 EDT Subject: [5-DayForum] Purchase Agreement Message-ID: <92ebb.ec46c34.393b29dc@aol.com> A title company or real estate attorney. Janet In a message dated 6/4/2010 8:36:44 P.M. Central Daylight Time, aaaglidewell at gmail.com writes: Hi, I'm Selling home East of Grand Rapids, MI next weekend. Would you be able to recommend a source for a purchase agreement, please? Thank you, A. Glidewell _______________________________________________ 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/20100605/1ae1a5e4/attachment.html From jamesfleming.realestate at gmail.com Sat Jun 5 00:32:23 2010 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Fri, 4 Jun 2010 21:32:23 -0700 Subject: [5-DayForum] advertising in Westchester, NY and inspection In-Reply-To: <92960.1cb0da25.393b25e4@aol.com> References: <92960.1cb0da25.393b25e4@aol.com> Message-ID: <0c2601cb0468$18d3e180$4a7ba480$@gmail.com> Janet, I must take issue with your advice to Carol and Dave. To describe Bill's 5-Day method as being the first option and FSBO being an option if you don't sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill's method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn't. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. - 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave _____ The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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/20100604/2788de27/attachment.html From eimpelli at comcast.net Sat Jun 5 07:11:34 2010 From: eimpelli at comcast.net (Elizabeth Impellizzeri) Date: Sat, 5 Jun 2010 07:11:34 -0400 Subject: [5-DayForum] Rules, Questions & Words of Wisdom for Upcoming Sale Message-ID: <000001cb049f$dc2b0870$94811950$@net> I'm looking for the rules that are mentioned in the book. Is the template named "Sample Bidding Method Sheet" the rules? If not, where are the rules? If so, how do you handle the situation if the highest bid doesn't get high enough with the statement "The highest bidder will be offered the home at the bid price." I fully intent on selling the house, but we have to fully recover the money we put into the purchase and repair. Also, is there a clause that someone can share about this not being binding until the formal Purchase Agreement has been signed by both the Seller and Buyer(s)? Do you state that in addition to the purchase price, other terms and conditions must be negotiated with the highest bidder? If so, what wording have you used? I'm planning my 5-day home sale in Georgia for June 12-13. I plan to put my signs out this Sunday. I'm taking two weeks off of work in New Jersey and traveling to Georgia to sell a house we bought and fixed up. It hasn't moved on FSBO.com or Owners.com. I'm counting on this method to be our life saver. Any words of wisdom would be greatly appreciated. Elizabeth -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/fcc72f18/attachment.html From Janetislight at aol.com Sat Jun 5 09:28:38 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 09:28:38 EDT Subject: [5-DayForum] advertising in Westchester, NY and inspection Message-ID: <6d025.6924956e.393bab06@aol.com> Jim, We agree!!! I must have worded my post terribly, and I am very sorry. Glad you took the time to write it out in detail. Janet In a message dated 6/4/2010 11:33:18 P.M. Central Daylight Time, jamesfleming.realestate at gmail.com writes: Janet, I must take issue with your advice to Carol and Dave. To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don? t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill ?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn?t. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, _carolamyd at hotmail.com_ (mailto:carolamyd at hotmail.com) writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave ____________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) = _______________________________________________ 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/20100605/a55bb462/attachment.html From Janetislight at aol.com Sat Jun 5 09:32:50 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 09:32:50 EDT Subject: [5-DayForum] Rules, Questions & Words of Wisdom for Upcoming Sale Message-ID: <6d2f5.6dbf334f.393bac02@aol.com> Once again, all you need to say, and it is also on the bid sheet, that no offer is binding to either party until a contract is signed. The rules are in the back of the book. They are also on the web site in both Word and PDF format. Wishing the Greatest of luck with your sale!!!!! Janet In a message dated 6/5/2010 6:11:48 A.M. Central Daylight Time, eimpelli at comcast.net writes: I?m looking for the rules that are mentioned in the book. Is the template named ?Sample Bidding Method Sheet? the rules? If not, where are the rules? If so, how do you handle the situation if the highest bid doesn?t get high enough with the statement ?The highest bidder will be offered the home at the bid price.? I fully intent on selling the house, but we have to fully recover the money we put into the purchase and repair. Also, is there a clause that someone can share about this not being binding until the formal Purchase Agreement has been signed by both the Seller and Buyer(s)? Do you state that in addition to the purchase price, other terms and conditions must be negotiated with the highest bidder? If so, what wording have you used? I?m planning my 5-day home sale in Georgia for June 12-13. I plan to put my signs out this Sunday. I?m taking two weeks off of work in New Jersey and traveling to Georgia to sell a house we bought and fixed up. It hasn?t moved on FSBO.com or Owners.com. I?m counting on this method to be our life saver. Any words of wisdom would be greatly appreciated. Elizabeth _______________________________________________ 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/20100605/345e622f/attachment.html From bill at effros.com Sat Jun 5 10:03:26 2010 From: bill at effros.com (Bill Effros) Date: Sat, 05 Jun 2010 10:03:26 -0400 Subject: [5-DayForum] advertising in Westchester, NY and inspection In-Reply-To: <92960.1cb0da25.393b25e4@aol.com> References: <92960.1cb0da25.393b25e4@aol.com> Message-ID: <4C0A592E.1090605@effros.com> Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home. If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale. Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high. Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used. The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad. If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here. I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer. It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, I must take issue with your advice to Carol and Dave. To describe Bill's 5-Day method as being the first option and FSBO being an option if you don't sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill's method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn't. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. -- 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:* Friday, June 04, 2010 9:01 PM *To:* 5-dayforum at mailman.howtosellyourhomein5days.com *Subject:* Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave ------------------------------------------------------------------------ The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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/20100605/bab574bc/attachment.html -------------- next part -------------- An embedded and charset-unspecified text was scrubbed... Name: Attached Message Part Url: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/bab574bc/attachment.ksh From PJ323JP at aol.com Sat Jun 5 12:25:08 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Sat, 5 Jun 2010 12:25:08 EDT Subject: [5-DayForum] advertising in Westchester, NY and inspection Message-ID: <8b84f.3ebe72fb.393bd464@aol.com> Greetings Bill, OK but what about people like me who don't want anything to do with "real estate professionals"? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market isn't a big factor? Thanks, Peter In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home. If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale. Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high. Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used. The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad. If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here. I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer. It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, I must take issue with your advice to Carol and Dave. To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don? t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill ?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn?t. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? 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.realestate=gmail.com at mailman.howtosellyou rhomein5days.com) ] On Behalf Of _Janetislight at aol.com_ (mailto:Janetislight at aol.com) Sent: Friday, June 04, 2010 9:01 PM To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, _carolamyd at hotmail.com_ (mailto:carolamyd at hotmail.com) writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave ____________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) = _______________________________________________ 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 _______________________________________________ 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/20100605/6842240d/attachment.html From brooks at pcisys.net Sat Jun 5 14:09:02 2010 From: brooks at pcisys.net (Brooks) Date: Sat, 5 Jun 2010 12:09:02 -0600 Subject: [5-DayForum] size of signs Message-ID: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> Hello Forum! I am getting ready to pick write my signs. I picked up some 12 x 18s (20). I thought there was a thread or something somewhere that suggested the size of this signs and I can't seem to find it. Are the 12 x 18's fine or should I go with a 24 x 18? Thanks! Brooks ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ "Sir, my concern is not whether God is on our side; my greatest concern is to be on God's side, for God is always right." Abraham Lincoln ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/74720b49/attachment.html -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/jpeg Size: 2950 bytes Desc: not available Url : http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/74720b49/attachment.jpe From brooks at pcisys.net Sat Jun 5 14:50:32 2010 From: brooks at pcisys.net (Brooks) Date: Sat, 5 Jun 2010 12:50:32 -0600 Subject: [5-DayForum] size of signs In-Reply-To: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> References: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> Message-ID: <2D42FF3F3FF84FADB6C081BC5D30FFD9@gammer> Boy did I fat finger my last post. My apologies. For clarity here's what I meant to say: "I am getting ready to write my signs. I picked up some 12 x 18s (20 of them). It seems to me that there was a thread or something somewhere that suggested what the size of these signs should be and I can't seem to find it. Are the 12 x 18's fine or should I go with a 24 x 18?" Thanks again! Brooks ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ "Those who will not be governed by God will be ruled by tyrants." William Penn ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/7f61f23b/attachment.html -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/jpeg Size: 2950 bytes Desc: not available Url : http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/7f61f23b/attachment.jpe From Janetislight at aol.com Sat Jun 5 15:22:30 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 5 Jun 2010 15:22:30 EDT Subject: [5-DayForum] size of signs Message-ID: <39f30.3de8d791.393bfdf6@aol.com> I used the larger sign so that I could print really big letters. Janet In a message dated 6/5/2010 1:50:52 P.M. Central Daylight Time, brooks at pcisys.net writes: Boy did I fat finger my last post. My apologies. For clarity here?s what I meant to say: ?I am getting ready to write my signs. I picked up some 12 x 18s (20 of them). It seems to me that there was a thread or something somewhere that suggested what the size of these signs should be and I can?t seem to find it. Are the 12 x 18?s fine or should I go with a 24 x 18?? Thanks again! Brooks ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ "Those who will not be governed by God will be ruled by tyrants." William Penn ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ _______________________________________________ 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/20100605/ab36de8f/attachment.html -------------- next part -------------- A non-text attachment was scrubbed... Name: not available Type: image/jpeg Size: 2950 bytes Desc: not available Url : http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/ab36de8f/attachment.jpe From damian_colden at yahoo.com Sun Jun 6 09:10:46 2010 From: damian_colden at yahoo.com (Damian Colden) Date: Sun, 6 Jun 2010 06:10:46 -0700 (PDT) Subject: [5-DayForum] Getting ready but have questions In-Reply-To: <861422.9566.qm@web114520.mail.gq1.yahoo.com> References: <861422.9566.qm@web114520.mail.gq1.yahoo.com> Message-ID: <12960.63778.qm@web53102.mail.re2.yahoo.com> Harold - You need to decide how you will evaluate an offer to determine who has the best offer. The highest offer may not always put the most in your pocket. The system, as designed, is set up on the premise that each party to the contract covers their respective costs. With that being said, you have introduced a modification to the system by listing your home in the MLS. Now you are wrestling with how to make the expectations of buyers found through the primary advertising medium of traditional real estate conform to the process and expectations of a FSBO system. It is akin to swimming upstream. If you haven't discussed this with your consultant, you need to. Since your consultant is a Realtor and has used this method before, and I assume you are paying this consultant a fee, make them earn the fee by helping you understand the best way to proceed, in addition to the other services that he/she is providing. I do have some things for you to think about and discuss with your consultant. 1. Read your listing contract and understand what the contract obligates you to, not what the Realtor says it obligates your to. If you are not sure or the paragraph can be interpreted 2 or 3 different ways, then you need to consult with a real estate attorney about that issue. 2. It is in the MLS and you were offering a 3% commission to the buyer's agent. Now you don't want to pay the buyer's agent commission during this time period. Why would I, as a buyer's agent, want to deal with someone who I perceive as arbitrary in their business dealing? Will this change in the rules, discourage agents from bring their client's to your home? 3. How will shifting the responsibility of the buyer's agent commission to the buyer affect the ability of a buyer to purchase your home? 4. Has any agent shown the property since putting it in the MLS? If so and that buyer decides to place an offer, how will you evaluate that offer? Because the offer came as a result of the 5-Day open house, will you pay the commission or not? 5. What does the listing agreement say about being liable for commission or sale should you refuse a full price offer? 50% pricing strategy in the MLS may not be the best strategy. Discuss this with your Realtor. The MLS can be a great way to spread the word about your home, however you need to understand and appreciate the business model for which the MLS was developed and figure out how to incorporate it into YOUR sales model to maximize its return. I say YOUR sales model, because you are NOT using the 5-Day model. You are using a variant and as such it will NOT conform in every aspect to what Bill has developed. If you want to use the pure 5-Day method, then re-group and start again. If you want to use this variant, I suggest that you: read your listing contract, understand your listing contract, understand the Buyer-Buyer's Agent relationship, develop an offer evaluation process that encourages comfortable relationships, adopt rules that respect established relationships and keeps buyer's within their comfort zone. Wishing you the best in your sale. Dac Colden Investor/Realtor ________________________________ From: Harold Andrew To: 5-dayforum at howtosellyourhomein5days.com Sent: Mon, May 31, 2010 10:45:13 AM Subject: [5-DayForum] Getting ready but have questions Hello, We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant) that has used this system before. We also have our home listed on our local MLS. OK that being said our question is this. We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100606/e8d9ffd9/attachment.html From Janetislight at aol.com Sun Jun 6 09:25:08 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sun, 6 Jun 2010 09:25:08 EDT Subject: [5-DayForum] Getting ready but have questions Message-ID: <8250.3e502fa5.393cfbb4@aol.com> I was really hoping that one of our realtor members would speak up about this. Well put, and very informative. Thank you Dac. Janet In a message dated 6/6/2010 8:11:00 A.M. Central Daylight Time, damian_colden at yahoo.com writes: Harold - You need to decide how you will evaluate an offer to determine who has the best offer. The highest offer may not always put the most in your pocket. The system, as designed, is set up on the premise that each party to the contract covers their respective costs. With that being said, you have introduced a modification to the system by listing your home in the MLS. Now you are wrestling with how to make the expectations of buyers found through the primary advertising medium of traditional real estate conform to the process and expectations of a FSBO system. It is akin to swimming upstream. If you haven't discussed this with your consultant, you need to. Since your consultant is a Realtor and has used this method before, and I assume you are paying this consultant a fee, make them earn the fee by helping you understand the best way to proceed, in addition to the other services that he/she is providing. I do have some things for you to think about and discuss with your consultant. 1. Read your listing contract and understand what the contract obligates you to, not what the Realtor says it obligates your to. If you are not sure or the paragraph can be interpreted 2 or 3 different ways, then you need to consult with a real estate attorney about that issue. 2. It is in the MLS and you were offering a 3% commission to the buyer's agent. Now you don't want to pay the buyer's agent commission during this time period. Why would I, as a buyer's agent, want to deal with someone who I perceive as arbitrary in their business dealing? Will this change in the rules, discourage agents from bring their client's to your home? 3. How will shifting the responsibility of the buyer's agent commission to the buyer affect the ability of a buyer to purchase your home? 4. Has any agent shown the property since putting it in the MLS? If so and that buyer decides to place an offer, how will you evaluate that offer? Because the offer came as a result of the 5-Day open house, will you pay the commission or not? 5. What does the listing agreement say about being liable for commission or sale should you refuse a full price offer? 50% pricing strategy in the MLS may not be the best strategy. Discuss this with your Realtor. The MLS can be a great way to spread the word about your home, however you need to understand and appreciate the business model for which the MLS was developed and figure out how to incorporate it into YOUR sales model to maximize its return. I say YOUR sales model, because you are NOT using the 5-Day model. You are using a variant and as such it will NOT conform in every aspect to what Bill has developed. If you want to use the pure 5-Day method, then re-group and start again. If you want to use this variant, I suggest that you: read your listing contract, understand your listing contract, understand the Buyer-Buyer's Agent relationship, develop an offer evaluation process that encourages comfortable relationships, adopt rules that respect established relationships and keeps buyer's within their comfort zone. Wishing you the best in your sale. Dac Colden Investor/Realtor ____________________________________ From: Harold Andrew To: 5-dayforum at howtosellyourhomein5days.com Sent: Mon, May 31, 2010 10:45:13 AM Subject: [5-DayForum] Getting ready but have questions Hello, We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant) that has used this system before. We also have our home listed on our local MLS. OK that being said our question is this. We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 _______________________________________________ 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/20100606/47678848/attachment.html From lbicon at aol.com Sun Jun 6 09:48:04 2010 From: lbicon at aol.com (lbicon at aol.com) Date: Sun, 06 Jun 2010 09:48:04 -0400 Subject: [5-DayForum] Getting ready but have questions In-Reply-To: <12960.63778.qm@web53102.mail.re2.yahoo.com> References: <861422.9566.qm@web114520.mail.gq1.yahoo.com> <12960.63778.qm@web53102.mail.re2.yahoo.com> Message-ID: <8CCD39605680D8A-1B68-15B1E@webmail-m075.sysops.aol.com> Harold, Dac made some great points about the "variant" that you have added to your sale. I have done a lot of these sales using the MLS in California where the prices and therefore the commissions are greater. Most buyers agents are familiar with the multiple counter offer system in real estate sales. When a represented buyer comes to the event with their agent, I suggest that they make a wriiten offer on the property and explain that they will be in a mulitple counter offer scenario. Your offers will come from many perspectives in your sale. Some will be all cash, some will be FHA financing, some will be conventional financing. I have found in my experience that any time you limit ANY potential buyer source in this market you are setting youself up for a lower offer price. On a side note, the MLS in any state is a system the is owned by realtors for the use realtors and paid for by realtors. I always find it interesting that people want to use the system and then not pay a realtor that brings you the "highest and best offer" . In the scenario that I suggested above a realtor would have to bring an offer 3% higher than non represented buyers to "win" the property. By saying you will not pay a commision you are eliminating a buyer pool. Whether you all know it or not. The 5-day sale is not held in a vacuum chamber. There are other homes to buy on your weekend. All the best, Conrad Kuiken, Realtor, Investor -----Original Message----- From: Damian Colden To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Sun, Jun 6, 2010 6:10 am Subject: Re: [5-DayForum] Getting ready but have questions Harold - You need to decide how you will evaluate an offer to determine who has the best offer. The highest offer may not always put the most in your pocket. The system, as designed, is set up on the premise that each party to the contract covers their respective costs. With that being said, you have introduced a modification to the system by listing your home in the MLS. Now you are wrestling with how to make the expectations of buyers found through the primary advertising medium of traditional real estate conform to the process and expectations of a FSBO system. It is akin to swimming upstream. If you haven't discussed this with your consultant, you need to. Since your consultant is a Realtor and has used this method before, and I assume you are paying this consultant a fee, make them earn the fee by helping you understand the best way to proceed, in addition to the other services that he/she is providing. I do have some things for you to think about and discuss with your consultant. 1. Read your listing contract and understand what the contract obligates you to, not what the Realtor says it obligates your to. If you are not sure or the paragraph can be interpreted 2 or 3 different ways, then you need to consult with a real estate attorney about that issue. 2. It is in the MLS and you were offering a 3% commission to the buyer's agent. Now you don't want to pay the buyer's agent commission during this time period. Why would I, as a buyer's agent, want to deal with someone who I perceive as arbitrary in their business dealing? Will this change in the rules, discourage agents from bring their client's to your home? 3. How will shifting the responsibility of the buyer's agent commission to the buyer affect the ability of a buyer to purchase your home? 4. Has any agent shown the property since putting it in the MLS? If so and that buyer decides to place an offer, how will you evaluate that offer? Because the offer came as a result of the 5-Day open house, will you pay the commission or not? 5. What does the listing agreement say about being liable for commission or sale should you refuse a full price offer? 50% pricing strategy in the MLS may not be the best strategy. Discuss this with your Realtor. The MLS can be a great way to spread the word about your home, however you need to understand and appreciate the business model for which the MLS was developed and figure out how to incorporate it into YOUR sales model to maximize its return. I say YOUR sales model, because you are NOT using the 5-Day model. You are using a variant and as such it will NOT conform in every aspect to what Bill has developed. If you want to use the pure 5-Day method, then re-group and start again. If you want to use this variant, I suggest that you: read your listing contract, understand your listing contract, understand the Buyer-Buyer's Agent relationship, develop an offer evaluation process that encourages comfortable relationships, adopt rules that respect established relationships and keeps buyer's within their comfort zone. Wishing you the best in your sale. Dac Colden Investor/Realtor From: Harold Andrew To: 5-dayforum at howtosellyourhomein5days.com Sent: Mon, May 31, 2010 10:45:13 AM Subject: [5-DayForum] Getting ready but have questions Hello, We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant) that has used this system before. We also have our home listed on our local MLS. OK that being said our question is this. We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 _______________________________________________ -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/20100606/9b1e1e1a/attachment.html From house4sale.meadowhill at yahoo.com Sun Jun 6 10:36:18 2010 From: house4sale.meadowhill at yahoo.com (Harold Andrew) Date: Sun, 6 Jun 2010 07:36:18 -0700 (PDT) Subject: [5-DayForum] Getting ready but have questions In-Reply-To: <8CCD39605680D8A-1B68-15B1E@webmail-m075.sysops.aol.com> Message-ID: <315224.14541.qm@web114510.mail.gq1.yahoo.com> Thank you all very much for your advice. I believe that we may need to further think about what it is we can do. While we do have ?it listed on MLS, we have made an arrangement with a realtor and paid this person a flat fee. We realize that we can only go so low in the price and we believe we are their NOW. Either way, after reading what Conrad Kuiken, Realtor, Investor,?has replied with it sounds like we are NOT making the right decision and are cheating the realtors. I believe that we may just try a different way all together because we do not want to cheat any one out of any thing but we certainly are not going to sell and walk away with less that what we owe (plus a couple of bucks of-course). ?Maybe the 5 day method isn?t right for us but thank you for your input just the same. ? Harold --- On Sun, 6/6/10, lbicon at aol.com wrote: From: lbicon at aol.com Subject: Re: [5-DayForum] Getting ready but have questions To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Sunday, June 6, 2010, 1:48 PM Harold, Dac made some great points about the "variant" that you have added to your sale. I have done a lot of these sales using the MLS in California where the prices and therefore the commissions are greater.?Most buyers agents are familiar with the multiple counter offer system in real estate sales. When a represented buyer comes to the event with their agent, I suggest that they make a wriiten offer on the property and explain that they will be in a mulitple counter offer scenario. Your offers will come from many perspectives in your sale. Some will be all cash, some will be FHA financing, some will be conventional financing. I have found in my experience that any time you limit ANY potential buyer source in this market you are setting youself up for a lower offer price. ? On??a side note, the MLS in any?state is a system the is owned by realtors for the use realtors and paid for by realtors. I always find it interesting that people want to use the system and then not pay a realtor that brings you the "highest and best offer" . In the scenario that I suggested above a realtor would have to bring an offer 3% higher than non represented buyers to "win" the property. By saying you will not pay a commision you are eliminating a buyer pool. Whether you all know it or not. The 5-day sale is not held in a vacuum chamber. There are other homes to buy on your weekend. ? All the best, ? Conrad Kuiken, Realtor, Investor? -----Original Message----- From: Damian Colden To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Sun, Jun 6, 2010 6:10 am Subject: Re: [5-DayForum] Getting ready but have questions #yiv468149728 #AOLMsgPart_3_f8d6e35e-daa2-4316-baaa-73877ddfa415 td{color:black;}#yiv468149728 #AOLMsgPart_3_f8d6e35e-daa2-4316-baaa-73877ddfa415 DIV {margin:0px;} Harold - You need to decide how you will evaluate an offer to determine who has the best offer. The highest offer may not always put the most in your pocket. The system, as designed, is set up on the premise that each party to the contract covers their respective costs. With that being said, you have introduced a modification to the system by listing your home in the MLS. Now you are wrestling with how to make the expectations of buyers found through the primary advertising medium of traditional real estate conform to the process and expectations of a FSBO system. It is akin to swimming upstream.? If you haven't discussed this with your consultant, you need to. Since your consultant is a Realtor and has used this method before, and I assume you are paying this consultant a fee, make them earn the fee by helping you understand the best way to proceed, in addition to the other services that he/she is providing. I do have some things for you to think about and discuss with your consultant. 1. Read your listing contract and understand what the contract obligates you to, not what the Realtor says it obligates your to. If you are not sure or the paragraph can be interpreted 2 or 3 different ways, then you need to consult with a real estate attorney about that issue. 2. It is in the MLS and you were offering a 3% commission to the buyer's agent. Now you don't want to pay the buyer's agent commission during this time period. Why would I, as a buyer's agent, want to deal with someone who I perceive as arbitrary in their business dealing? Will this change in the rules, discourage agents from bring their client's to your home? 3. How will shifting the responsibility of the buyer's agent commission to the buyer affect the ability of a buyer to purchase your home? 4. Has any agent shown the property since putting it in the MLS? If so and that buyer decides to place an offer, how will you evaluate that offer? Because the offer came as a result of the 5-Day open house, will you pay the commission or not? 5. What does the listing agreement say about being liable for commission or sale should you refuse a full price offer? 50% pricing strategy in the MLS may not be the best strategy. Discuss this with your Realtor. The MLS can be a great way to spread the word about your home, however you need to understand and appreciate the business model for which the MLS was developed and figure out how to incorporate it into YOUR sales model to maximize its return. I say YOUR sales model, because you are NOT using the 5-Day model. You are using a variant and as such it will NOT conform in every aspect to what Bill has developed. If you want to use the pure 5-Day method, then re-group and start again. If you want to use this variant, I suggest that you: read your listing contract, understand your listing contract, understand the Buyer-Buyer's Agent relationship, develop an offer evaluation process that encourages comfortable relationships, adopt rules that respect established relationships and keeps buyer's within their comfort zone. Wishing you the best in your sale. Dac Colden Investor/Realtor From: Harold Andrew To: 5-dayforum at howtosellyourhomein5days.com Sent: Mon, May 31, 2010 10:45:13 AM Subject: [5-DayForum] Getting ready but have questions Hello, ?We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant)?that has used this system before. We also have?our home listed on our local MLS.?OK that being said our question is?this. ?We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? ?Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 ? _______________________________________________ 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/20100606/27f962a2/attachment.html From peteskram at yahoo.com Sun Jun 6 12:43:32 2010 From: peteskram at yahoo.com (Pete Skram) Date: Sun, 6 Jun 2010 09:43:32 -0700 (PDT) Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listing with realtor In-Reply-To: <8b84f.3ebe72fb.393bd464@aol.com> Message-ID: <957902.4347.qm@web63406.mail.re1.yahoo.com> Seems like the postings have picked up since I logged on last week! ? We live in Kansas City, and we're getting ready to sell next weekend.? We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. ? But this and some of the other posts have gotten me a bit jittery.? We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went? buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.)? Unfortuntely, the busy street is also the reason we haven't found a buyer.? ? My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity).? We've been off the market officially since May 15th.? I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on?with that house kind of thing)?- even though they may not be serious buyers.? But at this stage should we rethink?? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be.? We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. ? Also, we are planning on calling our last realtor tonight to tell him of our plan.??Unfortunately, our realtor did not keep any sort of records about?who?previewed our house - so we were planning on adding a statement to the "rules" saying that anyone?who had viewed our house with a realtor needs to talk to?us in person.? How should we handle a situation like this???I was hoping that this?situation doesn't arise - but knowing our luck - it will.? My plan was to offer our realtor a sliding?scale -?if the person offers full listing price?-?our questions are: ? - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? ? ? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork).? If it is below list price - he gets 1%.? Is something like this acceptable?? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer.?? All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, ????OK but what about people like me who don't want anything to do with "real estate professionals"??? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market?isn't a big factor?? ???? Thanks, Peter ? ?? ? In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home.? If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale.? Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high.? Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used.? The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad.? If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here.? I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer.? It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, ? I must take issue with your advice to Carol and Dave.? To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don?t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method.? ? If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome.? ?The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal.? Sometimes it works, sometimes it doesn?t.? But it is worth trying first under those circumstances.? But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. ?I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. ? If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet.? But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. ? Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, ? Jim F. ? 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection ? Carol and Dave, ? The book states to do an inspection and have it available during the sale.? You "could" send your ad through emails if you felt that you knew someone who might be interested.? I would say the New York Times will probably not net you the responses for the cost.? Sprucing to a point is always nice.? But, don't do too much.? This is also outlined in the book.? And no, I don't believe everyone tries FSBO prior to doing a 5-day sale.? This is a first option, the other is an option if you don't sell your house using this method. ? Janet ? In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad?? Do people send their ad through emails?? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense?? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. ? Carol and Dave ? The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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 -----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/20100606/12ef2a8b/attachment.html From lbicon at aol.com Sun Jun 6 13:37:26 2010 From: lbicon at aol.com (lbicon at aol.com) Date: Sun, 06 Jun 2010 13:37:26 -0400 Subject: [5-DayForum] Getting ready but have questions In-Reply-To: <315224.14541.qm@web114510.mail.gq1.yahoo.com> Message-ID: <8CCD3B610676B3A-1C58-1350D@webmail-d007.sysops.aol.com> Harold, This is a tough market to try and sell homes. Unfortunately, many people are walking away wihout the "few extra bucks" right now. Texas may be a little better. I didn't say you were cheating anyone. There are many buyer that will not make a home purchase without representation. These people may be the ones bringing you the highest and best offers in the current market. You need to net all your offers out. Good Luck, Conrad -----Original Message----- From: Harold Andrew To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Sun, Jun 6, 2010 10:36 am Subject: Re: [5-DayForum] Getting ready but have questions Thank you all very much for your advice. I believe that we may need to further think about what it is we can do. While we do have it listed on MLS, we have made an arrangement with a realtor and paid this person a flat fee. We realize that we can only go so low in the price and we believe we are their NOW. Either way, after reading what Conrad Kuiken, Realtor, Investor, has replied with it sounds like we are NOT making the right decision and are cheating the realtors. I believe that we may just try a different way all together because we do not want to cheat any one out of any thing but we certainly are not going to sell and walk away with less that what we owe (plus a couple of bucks of-course). Maybe the 5 day method isn?t right for us but thank you for your input just the same. Harold --- On Sun, 6/6/10, lbicon at aol.com wrote: From: lbicon at aol.com Subject: Re: [5-DayForum] Getting ready but have questions To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Sunday, June 6, 2010, 1:48 PM Harold, Dac made some great points about the "variant" that you have added to your sale. I have done a lot of these sales using the MLS in California where the prices and therefore the commissions are greater. Most buyers agents are familiar with the multiple counter offer system in real estate sales. When a represented buyer comes to the event with their agent, I suggest that they make a wriiten offer on the property and explain that they will be in a mulitple counter offer scenario. Your offers will come from many perspectives in your sale. Some will be all cash, some will be FHA financing, some will be conventional financing. I have found in my experience that any time you limit ANY potential buyer source in this market you are setting youself up for a lower offer price. On a side note, the MLS in any state is a system the is owned by realtors for the use realtors and paid for by realtors. I always find it interesting that people want to use the system and then not pay a realtor that brings you the "highest and best offer" . In the scenario that I suggested above a realtor would have to bring an offer 3% higher than non represented buyers to "win" the property. By saying you will not pay a commision you are eliminating a buyer pool. Whether you all know it or not. The 5-day sale is not held in a vacuum chamber. There are other homes to buy on your weekend. All the best, Conrad Kuiken, Realtor, Investor -----Original Message----- From: Damian Colden To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Sun, Jun 6, 2010 6:10 am Subject: Re: [5-DayForum] Getting ready but have questions Harold - You need to decide how you will evaluate an offer to determine who has the best offer. The highest offer may not always put the most in your pocket. The system, as designed, is set up on the premise that each party to the contract covers their respective costs. With that being said, you have introduced a modification to the system by listing your home in the MLS. Now you are wrestling with how to make the expectations of buyers found through the primary advertising medium of traditional real estate conform to the process and expectations of a FSBO system. It is akin to swimming upstream. If you haven't discussed this with your consultant, you need to. Since your consultant is a Realtor and has used this method before, and I assume you are paying this consultant a fee, make them earn the fee by helping you understand the best way to proceed, in addition to the other services that he/she is providing. I do have some things for you to think about and discuss with your consultant. 1. Read your listing contract and understand what the contract obligates you to, not what the Realtor says it obligates your to. If you are not sure or the paragraph can be interpreted 2 or 3 different ways, then you need to consult with a real estate attorney about that issue. 2. It is in the MLS and you were offering a 3% commission to the buyer's agent. Now you don't want to pay the buyer's agent commission during this time period. Why would I, as a buyer's agent, want to deal with someone who I perceive as arbitrary in their business dealing? Will this change in the rules, discourage agents from bring their client's to your home? 3. How will shifting the responsibility of the buyer's agent commission to the buyer affect the ability of a buyer to purchase your home? 4. Has any agent shown the property since putting it in the MLS? If so and that buyer decides to place an offer, how will you evaluate that offer? Because the offer came as a result of the 5-Day open house, will you pay the commission or not? 5. What does the listing agreement say about being liable for commission or sale should you refuse a full price offer? 50% pricing strategy in the MLS may not be the best strategy. Discuss this with your Realtor. The MLS can be a great way to spread the word about your home, however you need to understand and appreciate the business model for which the MLS was developed and figure out how to incorporate it into YOUR sales model to maximize its return. I say YOUR sales model, because you are NOT using the 5-Day model. You are using a variant and as such it will NOT conform in every aspect to what Bill has developed. If you want to use the pure 5-Day method, then re-group and start again. If you want to use this variant, I suggest that you: read your listing contract, understand your listing contract, understand the Buyer-Buyer's Agent relationship, develop an offer evaluation process that encourages comfortable relationships, adopt rules that respect established relationships and keeps buyer's within their comfort zone. Wishing you the best in your sale. Dac Colden Investor/Realtor From: Harold Andrew To: 5-dayforum at howtosellyourhomein5days.com Sent: Mon, May 31, 2010 10:45:13 AM Subject: [5-DayForum] Getting ready but have questions Hello, We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant) that has used this system before. We also have our home listed on our local MLS. OK that being said our question is this. We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 _______________________________________________ -DayForum mailing list -DayForum at mailman.howtosellyourhomein5days.com ttp://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 _______________________________________________ -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/20100606/be4b58bf/attachment.html From Janetislight at aol.com Sun Jun 6 13:55:05 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sun, 6 Jun 2010 13:55:05 EDT Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Message-ID: <146da.a9dc93b.393d3af9@aol.com> Why have a realtor involved at all? You have taken it out of their hands when you pulled your listing, and I think you should keep it that way. Another aside, I wouldn't want a realtor who had such poor record keeping. Janet In a message dated 6/6/2010 11:43:49 A.M. Central Daylight Time, peteskram at yahoo.com writes: Seems like the postings have picked up since I logged on last week! We live in Kansas City, and we're getting ready to sell next weekend. We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. But this and some of the other posts have gotten me a bit jittery. We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.) Unfortuntely, the busy street is also the reason we haven't found a buyer. My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity). We've been off the market officially since May 15th. I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on with that house kind of thing) - even though they may not be serious buyers. But at this stage should we rethink? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be. We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. Also, we are planning on calling our last realtor tonight to tell him of our plan. Unfortunately, our realtor did not keep any sort of records about who previewed our house - so we were planning on adding a statement to the "rules" saying that anyone who had viewed our house with a realtor needs to talk to us in person. How should we handle a situation like this? I was hoping that this situation doesn't arise - but knowing our luck - it will. My plan was to offer our realtor a sliding scale - if the person offers full listing price - our questions are: - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork). If it is below list price - he gets 1%. Is something like this acceptable? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer. All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, OK but what about people like me who don't want anything to do with "real estate professionals"? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market isn't a big factor? Thanks, Peter In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home. If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale. Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high. Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used. The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad. If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here. I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer. It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, I must take issue with your advice to Carol and Dave. To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don? t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn?t. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? Realtor Vancouver WA From: _5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5day s.com) [_mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyou rhomein5days.com) ] On Behalf Of _Janetislight at aol.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=Janetislight at aol.com) Sent: Friday, June 04, 2010 9:01 PM To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com) Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, _carolamyd at hotmail.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=carolamyd at hotmail.com) writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave ____________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) = _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=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 _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=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/20100606/d84ec236/attachment.html From house4sale.meadowhill at yahoo.com Sun Jun 6 14:00:18 2010 From: house4sale.meadowhill at yahoo.com (Harold Andrew) Date: Sun, 6 Jun 2010 11:00:18 -0700 (PDT) Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listing with realtor In-Reply-To: <957902.4347.qm@web63406.mail.re1.yahoo.com> Message-ID: <929518.8234.qm@web114520.mail.gq1.yahoo.com> Pete, ?Please let me thank you for your post. It sounds as if we are in a very similar situation. I do believe that you might have come up with a great compromise and I would love to see the responses you get to this. Please feel free to contact us (Diane & Harold) any time and keep us posted. We wish you well. ? Harold House4sale.meadowhill at yahoo.com ? --- On Sun, 6/6/10, Pete Skram wrote: From: Pete Skram Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listing with realtor To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Sunday, June 6, 2010, 4:43 PM Seems like the postings have picked up since I logged on last week! ? We live in Kansas City, and we're getting ready to sell next weekend.? We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. ? But this and some of the other posts have gotten me a bit jittery.? We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went? buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.)? Unfortuntely, the busy street is also the reason we haven't found a buyer.? ? My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity).? We've been off the market officially since May 15th.? I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on?with that house kind of thing)?- even though they may not be serious buyers.? But at this stage should we rethink?? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be.? We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. ? Also, we are planning on calling our last realtor tonight to tell him of our plan.??Unfortunately, our realtor did not keep any sort of records about?who?previewed our house - so we were planning on adding a statement to the "rules" saying that anyone?who had viewed our house with a realtor needs to talk to?us in person.? How should we handle a situation like this???I was hoping that this?situation doesn't arise - but knowing our luck - it will.? My plan was to offer our realtor a sliding?scale -?if the person offers full listing price?-?our questions are: ? - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? ? ? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork).? If it is below list price - he gets 1%.? Is something like this acceptable?? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer.?? All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, ????OK but what about people like me who don't want anything to do with "real estate professionals"??? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market?isn't a big factor?? ???? Thanks, Peter ? ?? ? In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home.? If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale.? Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high.? Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used.? The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad.? If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here.? I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer.? It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, ? I must take issue with your advice to Carol and Dave.? To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don?t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method.? ? If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome.? ?The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal.? Sometimes it works, sometimes it doesn?t.? But it is worth trying first under those circumstances.? But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. ?I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. ? If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet.? But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. ? Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, ? Jim F. ? 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection ? Carol and Dave, ? The book states to do an inspection and have it available during the sale.? You "could" send your ad through emails if you felt that you knew someone who might be interested.? I would say the New York Times will probably not net you the responses for the cost.? Sprucing to a point is always nice.? But, don't do too much.? This is also outlined in the book.? And no, I don't believe everyone tries FSBO prior to doing a 5-day sale.? This is a first option, the other is an option if you don't sell your house using this method. ? Janet ? In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad?? Do people send their ad through emails?? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense?? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. ? Carol and Dave ? The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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 -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100606/fdc3d952/attachment.html From tomwilson64 at yahoo.com Sun Jun 6 14:08:00 2010 From: tomwilson64 at yahoo.com (Tom Wilson) Date: Sun, 6 Jun 2010 13:08:00 -0500 Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listi... In-Reply-To: <146da.a9dc93b.393d3af9@aol.com> References: <146da.a9dc93b.393d3af9@aol.com> Message-ID: <0b2c01cb05a3$33db4f90$9b91eeb0$@com> I haven?t kept up with your situation and though I have only done one ssale, my own, three years ago, I thought I?d offer a few things. I know you are offering specific situations for consideration of the forum, but what I hear underneath it is common cold feet and fear. That?s not to say you don?t have some good points with your concerns, but be careful not to let your fears take away from your preparation and your focus on making a good transparent sale and picking a good time to have it. Looks like you have the time, so just focus on your preparation and enjoy yourself. Honestly. Do enjoy it. As hectic as it is. The people who come to the inspection will, without question, be aware of what signals you are giving. And I don?t mean consciously. Consciously I know you want to sell the home and will be doing things by the ?5-Day? book. But if you have little doubts or fears, they will ooze out of you in tiny qualifications of your words when you talk to bidders or a facial expression in a split second someone catches. It?s those tiny things that can make a difference between someone inspecting who becomes a bidder and someone who tells you they were just curious. You don?t know which three, four or five people will turn out to be your real buyers so you have to be all you, all transparent and genuinely appear trustworthy from inside out. When you are and you work the process, then you will truly find out what market is on that weekend. I can?t say you will like what market is, but you will find out, but only if you are able to commit to this and be the person people trust to give a bid to, which is their trust. To me that?s the key in this. Then when you make calls, the real bidders will be notching each other up because they truly want it and this is the beauty is that you can sit back and enjoy the process. And in the end if your top bidder has cold feet, no problem for you, your next bidder is right there and ready to buy. Don?t forget how great this whole process is and how inexpensive. You have a wealth of resources here in the forum to save you the commissions, why give them back now? Praying for you and glad to see you willing to try it J 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 Janetislight at aol.com Sent: Sunday, June 06, 2010 12:55 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Why have a realtor involved at all? You have taken it out of their hands when you pulled your listing, and I think you should keep it that way. Another aside, I wouldn't want a realtor who had such poor record keeping. Janet In a message dated 6/6/2010 11:43:49 A.M. Central Daylight Time, peteskram at yahoo.com writes: Seems like the postings have picked up since I logged on last week! We live in Kansas City, and we're getting ready to sell next weekend. We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. But this and some of the other posts have gotten me a bit jittery. We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.) Unfortuntely, the busy street is also the reason we haven't found a buyer. My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity). We've been off the market officially since May 15th. I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on with that house kind of thing) - even though they may not be serious buyers. But at this stage should we rethink? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be. We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. Also, we are planning on calling our last realtor tonight to tell him of our plan. Unfortunately, our realtor did not keep any sort of records about who previewed our house - so we were planning on adding a statement to the "rules" saying that anyone who had viewed our house with a realtor needs to talk to us in person. How should we handle a situation like this? I was hoping that this situation doesn't arise - but knowing our luck - it will. My plan was to offer our realtor a sliding scale - if the person offers full listing price - our questions are: - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork). If it is below list price - he gets 1%. Is something like this acceptable? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer. All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, OK but what about people like me who don't want anything to do with "real estate professionals"? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market isn't a big factor? Thanks, Peter In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home. If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale. Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high. Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used. The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad. If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here. I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer. It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, I must take issue with your advice to Carol and Dave. To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don?t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn?t. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave _____ The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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 -----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/20100606/b5bf720e/attachment.html From kiefer_tom at hotmail.com Sun Jun 6 15:17:48 2010 From: kiefer_tom at hotmail.com (Tom Kiefer ) Date: Sun, 6 Jun 2010 19:17:48 +0000 Subject: [5-DayForum] KC, MO getting ready to sell - question aboutprevious listi... Message-ID: I believe the concern is having an agreement with a listing agent to pay a commission to them after a listing expires. These are common so that buyers don't directly talk to sells (side-stepping an agent) in an effort to get a better price by eliminating the commission. I'd suggest going back over the paperwork you completed when initially listing with an agent to review the length of time one is obligated to pay the commission. In my market 6 months after the listing ends/ expires is common, regardless of when the potential buyer actually looked at the property. The agreement will state the commission the seller is obligated to pay and any other conditions. I suspect the seller would be obligated to pay the full commission. You are wise to tell potential buyers they must disclose to you if they looked at property with an agent. If the answer is yes, you'll need to ask more questions and consider whether you would be obligated to pay any commission when evaluating their offer. Best of luck, Tom -----Original Message----- From: Janetislight at aol.com Date: Sun, 6 Jun 2010 17:55:05 To: <5-dayforum at mailman.howtosellyourhomein5days.com> Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Why have a realtor involved at all?? You have taken it out of their hands when you pulled your listing, and I think you should keep it that way.? Another aside, I wouldn't want a realtor who had such poor record keeping. ? Janet ? In a message dated 6/6/2010 11:43:49 A.M. Central Daylight Time, peteskram at yahoo.com writes: Seems like the postings have picked up since I logged on last week! ? We live in Kansas City, and we're getting ready to sell next weekend.? We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. ? But this and some of the other posts have gotten me a bit jittery.? We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went? buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.)? Unfortuntely, the busy street is also the reason we haven't found a buyer.? ? My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity).? We've been off the market officially since May 15th.? I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on?with that house kind of thing)?- even though they may not be serious buyers.? But at this stage should we rethink?? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be.? We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. ? Also, we are planning on calling our last realtor tonight to tell him of our plan.??Unfortunately, our realtor did not keep any sort of records about?who?previewed our house - so we were planning on adding a statement to the "rules" saying that anyone?who had viewed our house with a realtor needs to talk to?us in person.? How should we handle a situation like this???I was hoping that this?situation doesn't arise - but knowing our luck - it will.? My plan was to offer our realtor a sliding?scale -?if the person offers full listing price?-?our questions are: ? - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? ? ? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork).? If it is below list price - he gets 1%.? Is something like this acceptable?? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer.?? All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, ????OK but what about people like me who don't want anything to do with "real estate professionals"??? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market?isn't a big factor?? ???? Thanks, Peter ? ?? ? In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home.? If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale.? Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high.? Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used.? The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad.? If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here.? I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer.? It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, I must take issue with your advice to Carol and Dave.? To describe Bill's 5-Day method as being the first option and FSBO being an option if you don't sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method.? If a seller absolutely must sell quickly, and price is secondary, then Bill's method is unsurpassed for giving the seller the best shot at a satisfactory outcome.? ?The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal.? Sometimes it works, sometimes it doesn't.? But it is worth trying first under those circumstances.? But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. ?I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet.? But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. - 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, ? The book states to do an inspection and have it available during the sale.? You "could" send your ad through emails if you felt that you knew someone who might be interested.? I would say the New York Times will probably not net you the responses for the cost.? Sprucing to a point is always nice.? But, don't do too much.? This is also outlined in the book.? And no, I don't believe everyone tries FSBO prior to doing a 5-day sale.? This is a first option, the other is an option if you don't sell your house using this method. ? Janet ? In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad?? Do people send their ad through emails?? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense?? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. ? Carol and Dave ---------------- The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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 -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum From travismcphee at gmail.com Sat Jun 5 14:21:13 2010 From: travismcphee at gmail.com (travis mcphee) Date: Sat, 5 Jun 2010 12:21:13 -0600 Subject: [5-DayForum] size of signs In-Reply-To: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> References: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> Message-ID: Hi Brooks, Both will work equally fine. Get them up first thing Wednesday morning so people see them on the drive to work. Sincerely, Travis McPhee B.Comm., MBA. On Sat, Jun 5, 2010 at 12:09 PM, Brooks wrote: > Hello Forum! > > > > I am getting ready to pick write my signs. I picked up some 12 > x 18s (20). I thought there was a thread or something somewhere that > suggested the size of this signs and I can?t seem to find it. Are the 12 x > 18?s fine or should I go with a 24 x 18? > > > > Thanks! > > > > *Brooks* > > *^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^* > > "Sir, my concern is not whether God is > > on our side; my greatest concern is to be > > on God's side, for God is always right." > > *Abraham Lincoln* > > *^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^* > > > > _______________________________________________ > 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/20100605/e3d462cc/attachment.html From travismcphee at gmail.com Sat Jun 5 14:56:07 2010 From: travismcphee at gmail.com (travis mcphee) Date: Sat, 5 Jun 2010 12:56:07 -0600 Subject: [5-DayForum] size of signs In-Reply-To: <2D42FF3F3FF84FADB6C081BC5D30FFD9@gammer> References: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> <2D42FF3F3FF84FADB6C081BC5D30FFD9@gammer> Message-ID: Hi Brooks, Your 12"*18" signs will work great. I'm a full time real estate investor and I place 100's of bandit signs a month, each and every month. I've placed thousands of signs, all for a variety or purposes including a 5 day auction. I've used 24"*24"- or larger. 12"*18". And even 6"*6" on posts at busy intersections. All sizes garner attention and work well, it's the message on the sign that counts. I hope this helps. On Sat, Jun 5, 2010 at 12:50 PM, Brooks wrote: > Boy did I fat finger my last post. My apologies. > > > > For clarity here?s what I meant to say: ?I am getting ready to > write my signs. I picked up some 12 x 18s (20 of them). It seems to me > that there was a thread or something somewhere that suggested what the size > of these signs should be and I can?t seem to find it. Are the 12 x 18?s > fine or should I go with a 24 x 18?? > > > > Thanks again! > > > > > > *Brooks* > > *^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^* > > "Those who will not be governed > > by God will be ruled by tyrants." > > *William Penn* > > *^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^* > > > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > -- Travis McPhee B.Comm., MBA. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/7b16c81c/attachment.html From varinia61 at hotmail.com Sat Jun 5 23:44:53 2010 From: varinia61 at hotmail.com (michaela graham) Date: Sat, 5 Jun 2010 23:44:53 -0400 Subject: [5-DayForum] Sale in Moraga, CA (SF area) In-Reply-To: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> References: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> Message-ID: Hey, everyone, I'm holding my first sale next weekend. There are some things that I have tweaked for my market: It's pretty high end and most buyers use agents. There are about 5-6 major realtors, with about 200 agents, specializing in the surrounding area. So, we're protecting agents and have made flyers and invited all of the agents. Several have already called and confirmed that they have buyers that might be very interested. It's a fixer-upper in an area that normally doesn't have fixer-uppers. In fact there aren't any vacant lots ever, so I have builders interested in buying for tear-down. Due to it being a fixer-upper it will need to be a cash buyer. Starting price is 349,500, real value about right now 500K. houses on the street are in the 800-900K range. Since it's an unusual property that would be in high demand by the right people, but not for the average home buyer, I felt it important to include the agents to have the widest possible response. We've also advertised in craigslist, but without address. People had to contact me to get the actual address. I created a website with the basics and I'm giving the address to those contacting me. www.1066larch.com and so far I've had 42 interests from craigslist. Sale is Sat + sun 10am-2pm and calls will start at 5pm. If anybody in the area is interested in helping me as a greeter I would certainly welcome it. My partner may be there some of the time, but maybe not both days. I'll keep you informed. _________________________________________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100605/7534de2a/attachment.html From varinia61 at hotmail.com Sun Jun 6 16:36:38 2010 From: varinia61 at hotmail.com (michaela graham) Date: Sun, 6 Jun 2010 16:36:38 -0400 Subject: [5-DayForum] Getting ready but have questions In-Reply-To: <8CCD3B610676B3A-1C58-1350D@webmail-d007.sysops.aol.com> References: <315224.14541.qm@web114510.mail.gq1.yahoo.com>, <8CCD3B610676B3A-1C58-1350D@webmail-d007.sysops.aol.com> Message-ID: I'm getting ready to have a sell next weekend and I have brought flyers to the 5 realtors that handle 90% of the sales/purchases in my market. I think it makes sense. So what if I have to pay 3% commission - those agents are likely to bring me a few bidders that will push the bidding up more than 3% higher than it would have gone without them. In the market I'm doing it in (SF bay area), most buyers go with agents, so why cut them out? Since it's a buyer's market in most areas it's best to get your buyers from any source you can. Just my thoughts Michaela To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Sun, 6 Jun 2010 13:37:26 -0400 From: lbicon at aol.com Subject: Re: [5-DayForum] Getting ready but have questions Harold, This is a tough market to try and sell homes. Unfortunately, many people are walking away wihout the "few extra bucks" right now. Texas may be a little better. I didn't say you were cheating anyone. There are many buyer that will not make a home purchase without representation. These people may be the ones bringing you the highest and best offers in the current market. You need to net all your offers out. Good Luck, Conrad -----Original Message----- From: Harold Andrew To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Sun, Jun 6, 2010 10:36 am Subject: Re: [5-DayForum] Getting ready but have questions Thank you all very much for your advice. I believe that we may need to further think about what it is we can do. While we do have it listed on MLS, we have made an arrangement with a realtor and paid this person a flat fee. We realize that we can only go so low in the price and we believe we are their NOW. Either way, after reading what Conrad Kuiken, Realtor, Investor, has replied with it sounds like we are NOT making the right decision and are cheating the realtors. I believe that we may just try a different way all together because we do not want to cheat any one out of any thing but we certainly are not going to sell and walk away with less that what we owe (plus a couple of bucks of-course). Maybe the 5 day method isn?t right for us but thank you for your input just the same. Harold --- On Sun, 6/6/10, lbicon at aol.com wrote: From: lbicon at aol.com Subject: Re: [5-DayForum] Getting ready but have questions To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Sunday, June 6, 2010, 1:48 PM Harold, Dac made some great points about the "variant" that you have added to your sale. I have done a lot of these sales using the MLS in California where the prices and therefore the commissions are greater. Most buyers agents are familiar with the multiple counter offer system in real estate sales. When a represented buyer comes to the event with their agent, I suggest that they make a wriiten offer on the property and explain that they will be in a mulitple counter offer scenario. Your offers will come from many perspectives in your sale. Some will be all cash, some will be FHA financing, some will be conventional financing. I have found in my experience that any time you limit ANY potential buyer source in this market you are setting youself up for a lower offer price. On a side note, the MLS in any state is a system the is owned by realtors for the use realtors and paid for by realtors. I always find it interesting that people want to use the system and then not pay a realtor that brings you the "highest and best offer" . In the scenario that I suggested above a realtor would have to bring an offer 3% higher than non represented buyers to "win" the property. By saying you will not pay a commision you are eliminating a buyer pool. Whether you all know it or not. The 5-day sale is not held in a vacuum chamber. There are other homes to buy on your weekend. All the best, Conrad Kuiken, Realtor, Investor -----Original Message----- From: Damian Colden To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Sun, Jun 6, 2010 6:10 am Subject: Re: [5-DayForum] Getting ready but have questions Harold - You need to decide how you will evaluate an offer to determine who has the best offer. The highest offer may not always put the most in your pocket. The system, as designed, is set up on the premise that each party to the contract covers their respective costs. With that being said, you have introduced a modification to the system by listing your home in the MLS. Now you are wrestling with how to make the expectations of buyers found through the primary advertising medium of traditional real estate conform to the process and expectations of a FSBO system. It is akin to swimming upstream. If you haven't discussed this with your consultant, you need to. Since your consultant is a Realtor and has used this method before, and I assume you are paying this consultant a fee, make them earn the fee by helping you understand the best way to proceed, in addition to the other services that he/she is providing. I do have some things for you to think about and discuss with your consultant. 1. Read your listing contract and understand what the contract obligates you to, not what the Realtor says it obligates your to. If you are not sure or the paragraph can be interpreted 2 or 3 different ways, then you need to consult with a real estate attorney about that issue. 2. It is in the MLS and you were offering a 3% commission to the buyer's agent. Now you don't want to pay the buyer's agent commission during this time period. Why would I, as a buyer's agent, want to deal with someone who I perceive as arbitrary in their business dealing? Will this change in the rules, discourage agents from bring their client's to your home? 3. How will shifting the responsibility of the buyer's agent commission to the buyer affect the ability of a buyer to purchase your home? 4. Has any agent shown the property since putting it in the MLS? If so and that buyer decides to place an offer, how will you evaluate that offer? Because the offer came as a result of the 5-Day open house, will you pay the commission or not? 5. What does the listing agreement say about being liable for commission or sale should you refuse a full price offer? 50% pricing strategy in the MLS may not be the best strategy. Discuss this with your Realtor. The MLS can be a great way to spread the word about your home, however you need to understand and appreciate the business model for which the MLS was developed and figure out how to incorporate it into YOUR sales model to maximize its return. I say YOUR sales model, because you are NOT using the 5-Day model. You are using a variant and as such it will NOT conform in every aspect to what Bill has developed. If you want to use the pure 5-Day method, then re-group and start again. If you want to use this variant, I suggest that you: read your listing contract, understand your listing contract, understand the Buyer-Buyer's Agent relationship, develop an offer evaluation process that encourages comfortable relationships, adopt rules that respect established relationships and keeps buyer's within their comfort zone. Wishing you the best in your sale. Dac Colden Investor/Realtor From: Harold Andrew To: 5-dayforum at howtosellyourhomein5days.com Sent: Mon, May 31, 2010 10:45:13 AM Subject: [5-DayForum] Getting ready but have questions Hello, We are getting ready for our first sale (in about 2 weeks). We have a couple of questions though. We have a realtor (That is acting as a consultant) that has used this system before. We also have our home listed on our local MLS. OK that being said our question is this. We know how to change the listing in our local MLS to Open House and drop the price down by half. How do we keep from giving any realtor that brings in clients their 3% as normal? Well I hope someone has a great answer for our question and wish us luck to sell our Spring, Texas home (Houston) in a couple of weeks... Harold & Diane P.S. If any one has other suggestions please feel free to e-mail them or call us at 281-350-0250 _______________________________________________ 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 _________________________________________________________________ The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. http://www.windowslive.com/campaign/thenewbusy?tile=multicalendar&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_5 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100606/728bc0d4/attachment.html From peteskram at yahoo.com Sun Jun 6 21:34:30 2010 From: peteskram at yahoo.com (Pete Skram) Date: Sun, 6 Jun 2010 18:34:30 -0700 (PDT) Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listi... In-Reply-To: <0b2c01cb05a3$33db4f90$9b91eeb0$@com> Message-ID: <570665.66738.qm@web63407.mail.re1.yahoo.com> Thank you all for your comments and support - I really appreciate it. ? We called the our agent tonight - and he was totally cool with the process.? He agreed we will most likely not have any people coming back through - and he said if we do we'll figure it out.? So that part is covered. ? I think Tom hit the nail on the head.? I was completely confident until now - but today after reviewing our inspection report and all of the endless little to do's left - I'm totally getting cold feet and wondering if we're crazy, stupid, etc.... ? All in all - I believe in the process.? And we actually have a couple helping us on Saturday that has sold two houses this way.? I'm just not usually a worry wort - so this kind of took me by surprise.? ? Thank you all for your comments, support, advice, prayers - they're all needed and greatly appreciated!!? --- On Sun, 6/6/10, Tom Wilson wrote: From: Tom Wilson Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Sunday, June 6, 2010, 1:08 PM I haven?t kept up with your situation and though I have only done one ssale, my own, three years ago, I thought I?d offer a few things.? I know you are offering specific situations for consideration of the forum, but what I hear underneath it is common cold feet and fear.? That?s not to say you don?t have some good points with your concerns, but be careful not to let your fears take away from your preparation and your focus on making a good transparent sale and picking a good time to have it.? Looks like you have the time, so just focus on your preparation and enjoy yourself.? Honestly.? Do enjoy it.? As hectic as it is.? The people who come to the inspection will, without question, be aware of what signals you are giving.? And I don?t mean consciously.? Consciously I know you want to sell the home and will be doing things by the ?5-Day? book.? But if you have little doubts or fears, they will ooze out of you in tiny qualifications of your words when you talk to bidders or a facial expression in a split second someone catches.? It?s those tiny things that can make a difference between someone inspecting? who becomes a bidder and someone who tells you they were just curious.? You don?t know which three, four or five people will turn out to be your real buyers so you have to be all you, all transparent and genuinely appear trustworthy from inside out.? When you are and you work the process, then you will truly find out what market is on that weekend.? I can?t say you will like what market is, but you will find out, but only if you are able to commit to this and be the person people trust to give a bid to, which is their trust.? To me that?s the key in this.? Then when you make calls, the real bidders will be notching each other up because they truly want it and this is the beauty is that you can sit back and enjoy the process.? And in the end if your top bidder has cold feet, no problem for you, your next bidder is right there and ready to buy. ? Don?t forget how great this whole process is and how inexpensive.? You have a wealth of resources here in the forum to save you the commissions, why give them back now? ? Praying for you and glad to see you willing to try it J ? 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 Janetislight at aol.com Sent: Sunday, June 06, 2010 12:55 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... ? Why have a realtor involved at all?? You have taken it out of their hands when you pulled your listing, and I think you should keep it that way.? Another aside, I wouldn't want a realtor who had such poor record keeping. ? Janet ? In a message dated 6/6/2010 11:43:49 A.M. Central Daylight Time, peteskram at yahoo.com writes: Seems like the postings have picked up since I logged on last week! ? We live in Kansas City, and we're getting ready to sell next weekend.? We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. ? But this and some of the other posts have gotten me a bit jittery.? We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went? buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.)? Unfortuntely, the busy street is also the reason we haven't found a buyer.? ? My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity).? We've been off the market officially since May 15th.? I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on?with that house kind of thing)?- even though they may not be serious buyers.? But at this stage should we rethink?? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be.? We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. ? Also, we are planning on calling our last realtor tonight to tell him of our plan.??Unfortunately, our realtor did not keep any sort of records about?who?previewed our house - so we were planning on adding a statement to the "rules" saying that anyone?who had viewed our house with a realtor needs to talk to?us in person.? How should we handle a situation like this???I was hoping that this?situation doesn't arise - but knowing our luck - it will.? My plan was to offer our realtor a sliding?scale -?if the person offers full listing price?-?our questions are: ? - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? ? ? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork).? If it is below list price - he gets 1%.? Is something like this acceptable?? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer.?? All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, ????OK but what about people like me who don't want anything to do with "real estate professionals"??? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market?isn't a big factor?? ???? Thanks, Peter ? ?? ? In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home.? If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale.? Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high.? Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used.? The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad.? If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here.? I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer.? It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author ? ? Janet, I must take issue with your advice to Carol and Dave.? To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don?t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method.? If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome.? ?The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal.? Sometimes it works, sometimes it doesn?t.? But it is worth trying first under those circumstances.? But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. ?I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet.? But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, ? The book states to do an inspection and have it available during the sale.? You "could" send your ad through emails if you felt that you knew someone who might be interested.? I would say the New York Times will probably not net you the responses for the cost.? Sprucing to a point is always nice.? But, don't do too much.? This is also outlined in the book.? And no, I don't believe everyone tries FSBO prior to doing a 5-day sale.? This is a first option, the other is an option if you don't sell your house using this method. ? Janet ? In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad?? Do people send their ad through emails?? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense?? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. ? Carol and Dave The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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 -----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/20100606/eff9abc8/attachment.html From damian_colden at yahoo.com Sun Jun 6 21:52:56 2010 From: damian_colden at yahoo.com (Damian Colden) Date: Sun, 6 Jun 2010 18:52:56 -0700 (PDT) Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listing with realtor In-Reply-To: <957902.4347.qm@web63406.mail.re1.yahoo.com> References: <957902.4347.qm@web63406.mail.re1.yahoo.com> Message-ID: <799590.46774.qm@web53103.mail.re2.yahoo.com> Again, I would advise you to pull out the listing contract. Is there a protection period specified in the contract? If so, you may want to consider waiting until the end of the protection period so you don't have any commission issues arise. Dac Colden ________________________________ From: Pete Skram To: How To Sell Your Home in 5-Days <5-dayforum at mailman.howtosellyourhomein5days.com> Sent: Sun, June 6, 2010 12:43:32 PM Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listing with realtor Seems like the postings have picked up since I logged on last week! We live in Kansas City, and we're getting ready to sell next weekend. We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. But this and some of the other posts have gotten me a bit jittery. We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.) Unfortuntely, the busy street is also the reason we haven't found a buyer. My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity). We've been off the market officially since May 15th. I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on with that house kind of thing) - even though they may not be serious buyers. But at this stage should we rethink? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be. We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. Also, we are planning on calling our last realtor tonight to tell him of our plan. Unfortunately, our realtor did not keep any sort of records about who previewed our house - so we were planning on adding a statement to the "rules" saying that anyone who had viewed our house with a realtor needs to talk to us in person. How should we handle a situation like this? I was hoping that this situation doesn't arise - but knowing our luck - it will. My plan was to offer our realtor a sliding scale - if the person offers full listing price - our questions are: - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork). If it is below list price - he gets 1%. Is something like this acceptable? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer. All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: >From: PJ323JP at aol.com >Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection >To: 5-dayforum at mailman.howtosellyourhomein5days.com >Date: Saturday, June 5, 2010, 11:25 AM > > >Greetings Bill, > OK but what about people like me who don't want anything to do with "real estate professionals"? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market isn't a big factor? > >Thanks, Peter > > > >In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: >Thanks, Jim, >> >> >>I completely agree, but would phrase your comments slightly differently. >> > >The 5-Day Method will get you the highest possible price on the weekend you select to sell your home. If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale. Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. > > >The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high. Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used. The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" > > >All you need in the New York area is a Craig's List Ad. If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here. I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. > > >The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer. It was sold during a blizzard for $50,000 more than the seller was asking. > > >Bill Effros >Author > > > > > > > >Janet, > >I must take issue with your advice to Carol and Dave. To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don?t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. > >If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn?t. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. > >If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. > >Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, > >Jim F. ? 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: Friday, June 04, 2010 9:01 PM >To: 5-dayforum at mailman.howtosellyourhomein5days.com >Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection > > >Carol and Dave, > >The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. > >Janet > >In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: >We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? >>Do people send their ad through emails? >>What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? >>Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? >>Any advice would be greatly appreciated. >> >>Carol and Dave >> >> ________________________________ >>The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = >> >>_______________________________________________ >>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 > -----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/20100606/fd80b9e4/attachment-0001.html From mpbroome at hotmail.com Sun Jun 6 22:25:02 2010 From: mpbroome at hotmail.com (Paul Broome) Date: Sun, 6 Jun 2010 22:25:02 -0400 Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listi... In-Reply-To: <570665.66738.qm@web63407.mail.re1.yahoo.com> References: <0b2c01cb05a3$33db4f90$9b91eeb0$@com>, <570665.66738.qm@web63407.mail.re1.yahoo.com> Message-ID: Hi, My wife saw "Bill" on the" Opra Show" back in 1994, 95?. She called the local book store and reserved it during the show. She called and told me to go pick it up on the way home after work. We read his first addition and gave it a try. I had bought a house at a closed bid auction from the VA administration for $15,150.00. I spent about $20,000.00 on it. I had fixed everything but the roof, It didn't leek but it looked terrible. I told my wife we needed to put the roof on before we sold it, She asked me how much will it cost, because we we're low on funds. I said about $3,000.00. She said:"Will we make anymore money on the house if we spend the money". I told her no, but we need to make it look as nice as we can. She told me to make a sign that said " Where's the Roof " and put it in the yard. When people came to the house during the inspection period and they say the sign. We told everyone that we wanted the purchaser to pick what color of roof they would like and we will give a "$2,000.00" credit for the roof at closing. Well, we got $14,000.00 more than we anticipated and my wife got the $1000.00 extra that we made on the house. So, Don't worry about the little stuff on the inspection and if it's big just address it up front and people will understand. I just bought the 3rd addition to sell our 4th house with bill's system. Good Luck Pattie and Paul in Florida , just .com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Thank you all for your comments and support - I really appreciate it. We called the our agent tonight - and he was totally cool with the process. He agreed we will most likely not have any people coming back through - and he said if we do we'll figure it out. So that part is covered. I think Tom hit the nail on the head. I was completely confident until now - but today after reviewing our inspection report and all of the endless little to do's left - I'm totally getting cold feet and wondering if we're crazy, stupid, etc.... All in all - I believe in the process. And we actually have a couple helping us on Saturday that has sold two houses this way. I'm just not usually a worry wort - so this kind of took me by surprise. Thank you all for your comments, support, advice, prayers - they're all needed and greatly appreciated!! --- On Sun, 6/6/10, Tom Wilson wrote: From: Tom Wilson Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Sunday, June 6, 2010, 1:08 PM I haven?t kept up with your situation and though I have only done one ssale, my own, three years ago, I thought I?d offer a few things. I know you are offering specific situations for consideration of the forum, but what I hear underneath it is common cold feet and fear. That?s not to say you don?t have some good points with your concerns, but be careful not to let your fears take away from your preparation and your focus on making a good transparent sale and picking a good time to have it. Looks like you have the time, so just focus on your preparation and enjoy yourself. Honestly. Do enjoy it. As hectic as it is. The people who come to the inspection will, without question, be aware of what signals you are giving. And I don?t mean consciously. Consciously I know you want to sell the home and will be doing things by the ?5-Day? book. But if you have little doubts or fears, they will ooze out of you in tiny qualifications of your words when you talk to bidders or a facial expression in a split second someone catches. It?s those tiny things that can make a difference between someone inspecting who becomes a bidder and someone who tells you they were just curious. You don?t know which three, four or five people will turn out to be your real buyers so you have to be all you, all transparent and genuinely appear trustworthy from inside out. When you are and you work the process, then you will truly find out what market is on that weekend. I can?t say you will like what market is, but you will find out, but only if you are able to commit to this and be the person people trust to give a bid to, which is their trust. To me that?s the key in this. Then when you make calls, the real bidders will be notching each other up because they truly want it and this is the beauty is that you can sit back and enjoy the process. And in the end if your top bidder has cold feet, no problem for you, your next bidder is right there and ready to buy. Don?t forget how great this whole process is and how inexpensive. You have a wealth of resources here in the forum to save you the commissions, why give them back now? Praying for you and glad to see you willing to try it J 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 Janetislight at aol.com Sent: Sunday, June 06, 2010 12:55 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Why have a realtor involved at all? You have taken it out of their hands when you pulled your listing, and I think you should keep it that way. Another aside, I wouldn't want a realtor who had such poor record keeping. Janet In a message dated 6/6/2010 11:43:49 A.M. Central Daylight Time, peteskram at yahoo.com writes: Seems like the postings have picked up since I logged on last week! We live in Kansas City, and we're getting ready to sell next weekend. We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. But this and some of the other posts have gotten me a bit jittery. We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.) Unfortuntely, the busy street is also the reason we haven't found a buyer. My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity). We've been off the market officially since May 15th. I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on with that house kind of thing) - even though they may not be serious buyers. But at this stage should we rethink? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be. We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. Also, we are planning on calling our last realtor tonight to tell him of our plan. Unfortunately, our realtor did not keep any sort of records about who previewed our house - so we were planning on adding a statement to the "rules" saying that anyone who had viewed our house with a realtor needs to talk to us in person. How should we handle a situation like this? I was hoping that this situation doesn't arise - but knowing our luck - it will. My plan was to offer our realtor a sliding scale - if the person offers full listing price - our questions are: - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork). If it is below list price - he gets 1%. Is something like this acceptable? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer. All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, OK but what about people like me who don't want anything to do with "real estate professionals"? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market isn't a big factor? Thanks, Peter In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home. If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale. Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high. Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used. The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad. If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here. I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer. It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, I must take issue with your advice to Carol and Dave. To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don?t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn?t. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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 -----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 _________________________________________________________________ The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. http://www.windowslive.com/campaign/thenewbusy?tile=multicalendar&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_5 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100606/5fc946fb/attachment.html From brooks at pcisys.net Mon Jun 7 09:16:36 2010 From: brooks at pcisys.net (Brooks) Date: Mon, 7 Jun 2010 07:16:36 -0600 Subject: [5-DayForum] size of signs In-Reply-To: References: <4BA18ACE889A48EB88340FD7515B9D8C@gammer><2D42FF3F3FF84FADB6C081BC5D30FFD9@gammer> Message-ID: <88531406624249D1A14B7166ACA8AF6E@gammer> Thanks Travis. (And Janet previously) I picked up the signs first before I looked into the size. They cut them for me so I don't know if I'll be able to return them. If these work, that'd be great. I'm trying to avoid more time and money out on getting ready. We're running our 5 day sale this week. Thanks again! Brooks ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Found on a headstone in an Indiana Cemetery: "Pause, stranger, when you pass me by As you are now, so once was I. As I am now, so you will be. So prepare for death and follow me." Someone later scratched: "To follow you I'm not content Until I know which way you went." ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ _____ From: 5-dayforum-bounces+brooks=pcisys.net at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+brooks=pcisys.net at mailman.howtosellyourhomein5day s.com] On Behalf Of travis mcphee Sent: Saturday, June 05, 2010 12:56 PM To: How To Sell Your Home in 5-Days Subject: Re: [5-DayForum] size of signs Hi Brooks, Your 12"*18" signs will work great. I'm a full time real estate investor and I place 100's of bandit signs a month, each and every month. I've placed thousands of signs, all for a variety or purposes including a 5 day auction. I've used 24"*24"- or larger. 12"*18". And even 6"*6" on posts at busy intersections. All sizes garner attention and work well, it's the message on the sign that counts. I hope this helps. On Sat, Jun 5, 2010 at 12:50 PM, Brooks wrote: Boy did I fat finger my last post. My apologies. For clarity here's what I meant to say: "I am getting ready to write my signs. I picked up some 12 x 18s (20 of them). It seems to me that there was a thread or something somewhere that suggested what the size of these signs should be and I can't seem to find it. Are the 12 x 18's fine or should I go with a 24 x 18?" Thanks again! Brooks ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ "Those who will not be governed by God will be ruled by tyrants." William Penn ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -- Travis McPhee B.Comm., MBA. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100607/b05cff83/attachment.html From peteskram at yahoo.com Mon Jun 7 09:23:10 2010 From: peteskram at yahoo.com (Pete Skram) Date: Mon, 7 Jun 2010 06:23:10 -0700 (PDT) Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listi... In-Reply-To: Message-ID: <909891.19808.qm@web63406.mail.re1.yahoo.com> Thanks Paul!? Just the vote of confidence that I needed.? We're going to make this happen!? Last night my husband and I were sitting there and I said - "Next week at this time our house will be sold!"? It's crazy, exciting, nervewracking.... :) ? Warm Regards - Cheryl --- On Sun, 6/6/10, Paul Broome wrote: From: Paul Broome Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Sunday, June 6, 2010, 9:25 PM ??????? Hi, My wife saw "Bill" on the"?Opra Show" back in 1994, 95?. She called?the local book store and reserved it during the show. She called?and?told me to go pick it up on the way home after work.?We read his first addition and gave it a try. ?????? ????? ?I had?bought a house at a closed bid auction from the VA administration for?$15,150.00. I spent?about $20,000.00 on it. I had fixed everything but the roof, It didn't leek but it looked terrible. I told my wife we needed to put the roof on before we sold it, She asked me how much will it cost, because we we're low on funds. I?said about $3,000.00. She said:"Will we make anymore money on the house?if we?spend the money". I told her no, but we need to make it look as nice as we can. She told me to make a sign that said " Where's the Roof " and put it in the yard. When people came to the house during the inspection period and they say the sign. We told everyone that we wanted the purchaser to pick what color of roof they would like and we will give a "$2,000.00" credit for the roof at closing. ???? Well, we got $14,000.00 more than we?anticipated and my wife got the $1000.00 extra that we made on the house. So, Don't worry about the little stuff on the inspection and if it's big just address it up front and people will understand. ????? I just bought the 3rd addition to sell our 4th house?with bill's system. ??????????????????????????????????????? Good Luck ? ?????????????????????????????????? Pattie and Paul in Florida ? , just .com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Thank you all for your comments and support - I really appreciate it. ? We called the our agent tonight - and he was totally cool with the process.? He agreed we will most likely not have any people coming back through - and he said if we do we'll figure it out.? So that part is covered. ? I think Tom hit the nail on the head.? I was completely confident until now - but today after reviewing our inspection report and all of the endless little to do's left - I'm totally getting cold feet and wondering if we're crazy, stupid, etc.... ? All in all - I believe in the process.? And we actually have a couple helping us on Saturday that has sold two houses this way.? I'm just not usually a worry wort - so this kind of took me by surprise.? ? Thank you all for your comments, support, advice, prayers - they're all needed and greatly appreciated!!? --- On Sun, 6/6/10, Tom Wilson wrote: From: Tom Wilson Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Sunday, June 6, 2010, 1:08 PM #yiv871759311 .ExternalClass #ecxyiv1057929584 ecx_filtered #ecxyiv1057929584 {font-family:Wingdings;panose-1:5 0 0 0 0 0 0 0 0 0;} #yiv871759311 .ExternalClass ecx_filtered #ecxyiv1057929584 {font-family:'Cambria Math';panose-1:2 4 5 3 5 4 6 3 2 4;} #yiv871759311 .ExternalClass ecx_filtered #ecxyiv1057929584 {font-family:Calibri;panose-1:2 15 5 2 2 2 4 3 2 4;} #yiv871759311 .ExternalClass ecx_filtered #ecxyiv1057929584 {font-family:Tahoma;panose-1:2 11 6 4 3 5 4 4 2 4;} #yiv871759311 .ExternalClass #ecxyiv1057929584 #ecxyiv1057929584 p.ecxMsoNormal, #yiv871759311 .ExternalClass #ecxyiv1057929584 li.ecxMsoNormal, #yiv871759311 .ExternalClass #ecxyiv1057929584 div.ecxMsoNormal {margin-bottom:.0001pt;font-size:12.0pt;font-family:'serif';} #yiv871759311 .ExternalClass #ecxyiv1057929584 a:link, #yiv871759311 .ExternalClass #ecxyiv1057929584 span.ecxMsoHyperlink {color:blue;text-decoration:underline;} #yiv871759311 .ExternalClass #ecxyiv1057929584 a:visited, #yiv871759311 .ExternalClass #ecxyiv1057929584 span.ecxMsoHyperlinkFollowed {color:purple;text-decoration:underline;} #yiv871759311 .ExternalClass #ecxyiv1057929584 span.ecxapple-style-span {} #yiv871759311 .ExternalClass #ecxyiv1057929584 span.ecxEmailStyle18 {font-family:'sans-serif';color:#1F497D;} #yiv871759311 .ExternalClass #ecxyiv1057929584 .ecxMsoChpDefault {font-size:10.0pt;} #yiv871759311 .ExternalClass ecx_filtered #ecxyiv1057929584 {} #yiv871759311 .ExternalClass #ecxyiv1057929584 div.ecxSection1 {} I haven?t kept up with your situation and though I have only done one ssale, my own, three years ago, I thought I?d offer a few things.? I know you are offering specific situations for consideration of the forum, but what I hear underneath it is common cold feet and fear.? That?s not to say you don?t have some good points with your concerns, but be careful not to let your fears take away from your preparation and your focus on making a good transparent sale and picking a good time to have it.? Looks like you have the time, so just focus on your preparation and enjoy yourself.? Honestly.? Do enjoy it.? As hectic as it is.? The people who come to the inspection will, without question, be aware of what signals you are giving.? And I don?t mean consciously.? Consciously I know you want to sell the home and will be doing things by the ?5-Day? book.? But if you have little doubts or fears, they will ooze out of you in tiny qualifications of your words when you talk to bidders or a facial expression in a split second someone catches.? It?s those tiny things that can make a difference between someone inspecting? who becomes a bidder and someone who tells you they were just curious.? You don?t know which three, four or five people will turn out to be your real buyers so you have to be all you, all transparent and genuinely appear trustworthy from inside out.? When you are and you work the process, then you will truly find out what market is on that weekend.? I can?t say you will like what market is, but you will find out, but only if you are able to commit to this and be the person people trust to give a bid to, which is their trust.? To me that?s the key in this.? Then when you make calls, the real bidders will be notching each other up because they truly want it and this is the beauty is that you can sit back and enjoy the process.? And in the end if your top bidder has cold feet, no problem for you, your next bidder is right there and ready to buy. ? Don?t forget how great this whole process is and how inexpensive.? You have a wealth of resources here in the forum to save you the commissions, why give them back now? ? Praying for you and glad to see you willing to try it J ? 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 Janetislight at aol.com Sent: Sunday, June 06, 2010 12:55 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... ? Why have a realtor involved at all?? You have taken it out of their hands when you pulled your listing, and I think you should keep it that way.? Another aside, I wouldn't want a realtor who had such poor record keeping. ? Janet ? In a message dated 6/6/2010 11:43:49 A.M. Central Daylight Time, peteskram at yahoo.com writes: Seems like the postings have picked up since I logged on last week! ? We live in Kansas City, and we're getting ready to sell next weekend.? We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. ? But this and some of the other posts have gotten me a bit jittery.? We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went? buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.)? Unfortuntely, the busy street is also the reason we haven't found a buyer.? ? My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity).? We've been off the market officially since May 15th.? I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on?with that house kind of thing)?- even though they may not be serious buyers.? But at this stage should we rethink?? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be.? We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. ? Also, we are planning on calling our last realtor tonight to tell him of our plan.??Unfortunately, our realtor did not keep any sort of records about?who?previewed our house - so we were planning on adding a statement to the "rules" saying that anyone?who had viewed our house with a realtor needs to talk to?us in person.? How should we handle a situation like this???I was hoping that this?situation doesn't arise - but knowing our luck - it will.? My plan was to offer our realtor a sliding?scale -?if the person offers full listing price?-?our questions are: ? - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? ? ? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork).? If it is below list price - he gets 1%.? Is something like this acceptable?? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer.?? All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, ????OK but what about people like me who don't want anything to do with "real estate professionals"??? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market?isn't a big factor?? ???? Thanks, Peter ? ?? ? In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home.? If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale.? Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high.? Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used.? The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad.? If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here.? I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer.? It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author ? ? Janet, I must take issue with your advice to Carol and Dave.? To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don?t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method.? If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome.? ?The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal.? Sometimes it works, sometimes it doesn?t.? But it is worth trying first under those circumstances.? But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. ?I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet.? But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? 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: Friday, June 04, 2010 9:01 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, ? The book states to do an inspection and have it available during the sale.? You "could" send your ad through emails if you felt that you knew someone who might be interested.? I would say the New York Times will probably not net you the responses for the cost.? Sprucing to a point is always nice.? But, don't do too much.? This is also outlined in the book.? And no, I don't believe everyone tries FSBO prior to doing a 5-day sale.? This is a first option, the other is an option if you don't sell your house using this method. ? Janet ? In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, carolamyd at hotmail.com writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad?? Do people send their ad through emails?? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense?? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. ? Carol and Dave The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. = _______________________________________________ 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 -----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 The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. Get busy. -----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/20100607/67923b4b/attachment.html From puravidawellness at gmail.com Mon Jun 7 11:22:07 2010 From: puravidawellness at gmail.com (Ileana Bourland) Date: Mon, 7 Jun 2010 10:22:07 -0500 Subject: [5-DayForum] sale results in Austin TX Message-ID: I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100607/f9e7d450/attachment.html From PJ323JP at aol.com Mon Jun 7 11:39:25 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Mon, 7 Jun 2010 11:39:25 EDT Subject: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Message-ID: <35113.6b3ab4b9.393e6cad@aol.com> Paul, Thanks for sharing that strategy and how it worked for you. Peter In a message dated 6/6/2010 8:44:51 P.M. Pacific Daylight Time, mpbroome at hotmail.com writes: Hi, My wife saw "Bill" on the" Opra Show" back in 1994, 95?. She called the local book store and reserved it during the show. She called and told me to go pick it up on the way home after work. We read his first addition and gave it a try. I had bought a house at a closed bid auction from the VA administration for $15,150.00. I spent about $20,000.00 on it. I had fixed everything but the roof, It didn't leek but it looked terrible. I told my wife we needed to put the roof on before we sold it, She asked me how much will it cost, because we we're low on funds. I said about $3,000.00. She said:"Will we make anymore money on the house if we spend the money". I told her no, but we need to make it look as nice as we can. She told me to make a sign that said " Where's the Roof " and put it in the yard. When people came to the house during the inspection period and they say the sign. We told everyone that we wanted the purchaser to pick what color of roof they would like and we will give a "$2,000.00" credit for the roof at closing. Well, we got $14,000.00 more than we anticipated and my wife got the $1000.00 extra that we made on the house. So, Don't worry about the little stuff on the inspection and if it's big just address it up front and people will understand. I just bought the 3rd addition to sell our 4th house with bill's system. Good Luck Pattie and Paul in Florida , just .com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Thank you all for your comments and support - I really appreciate it. We called the our agent tonight - and he was totally cool with the process. He agreed we will most likely not have any people coming back through - and he said if we do we'll figure it out. So that part is covered. I think Tom hit the nail on the head. I was completely confident until now - but today after reviewing our inspection report and all of the endless little to do's left - I'm totally getting cold feet and wondering if we're crazy, stupid, etc.... All in all - I believe in the process. And we actually have a couple helping us on Saturday that has sold two houses this way. I'm just not usually a worry wort - so this kind of took me by surprise. Thank you all for your comments, support, advice, prayers - they're all needed and greatly appreciated!! --- On Sun, 6/6/10, Tom Wilson wrote: From: Tom Wilson Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... To: "'How To Sell Your Home in 5-Days'" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Sunday, June 6, 2010, 1:08 PM I haven?t kept up with your situation and though I have only done one ssale, my own, three years ago, I thought I?d offer a few things. I know you are offering specific situations for consideration of the forum, but what I hear underneath it is common cold feet and fear. That?s not to say you don ?t have some good points with your concerns, but be careful not to let your fears take away from your preparation and your focus on making a good transparent sale and picking a good time to have it. Looks like you have the time, so just focus on your preparation and enjoy yourself. Honestly. Do enjoy it. As hectic as it is. The people who come to the inspection will, without question, be aware of what signals you are giving. And I don?t mean consciously. Consciously I know you want to sell the home and will be doing things by the ?5-Day? book. But if you have little doubts or fears, they will ooze out of you in tiny qualifications of your words when you talk to bidders or a facial expression in a split second someone catches. It ?s those tiny things that can make a difference between someone inspecting who becomes a bidder and someone who tells you they were just curious. You don?t know which three, four or five people will turn out to be your real buyers so you have to be all you, all transparent and genuinely appear trustworthy from inside out. When you are and you work the process, then you will truly find out what market is on that weekend. I can?t say you will like what market is, but you will find out, but only if you are able to commit to this and be the person people trust to give a bid to, which is their trust. To me that?s the key in this. Then when you make calls, the real bidders will be notching each other up because they truly want it and this is the beauty is that you can sit back and enjoy the process. And in the end if your top bidder has cold feet, no problem for you, your next bidder is right there and ready to buy. Don?t forget how great this whole process is and how inexpensive. You have a wealth of resources here in the forum to save you the commissions, why give them back now? Praying for you and glad to see you willing to try it J 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 Janetislight at aol.com Sent: Sunday, June 06, 2010 12:55 PM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] KC, MO getting ready to sell - question about previous listi... Why have a realtor involved at all? You have taken it out of their hands when you pulled your listing, and I think you should keep it that way. Another aside, I wouldn't want a realtor who had such poor record keeping. Janet In a message dated 6/6/2010 11:43:49 A.M. Central Daylight Time, peteskram at yahoo.com writes: Seems like the postings have picked up since I logged on last week! We live in Kansas City, and we're getting ready to sell next weekend. We did our inspection, spruced up (a lot) and I think we're ready to go - just getting all of our documents ready. But this and some of the other posts have gotten me a bit jittery. We live on a busy blvd - so I don't think traffic or attracting people will be a problem. (Yesterday a road race went buy and 3 people running by said they loved our house - unsolicited - no signs in the yard or anything.) Unfortuntely, the busy street is also the reason we haven't found a buyer. My concern is - our house has been on and off the market for the past 2 years (mostly on - with 2 2 month breaks for our sanity). We've been off the market officially since May 15th. I was assuming that the auction will just raise the curiousity over our house and help us get more people through (what is going on with that house kind of thing) - even though they may not be serious buyers. But at this stage should we rethink? Will the house being on the market prior push our price lower - or will we still get "market value" - whatever that may be. We realize that we won't get the money that we put into the house back - but this makes me nervous that we won't even get close. Also, we are planning on calling our last realtor tonight to tell him of our plan. Unfortunately, our realtor did not keep any sort of records about who previewed our house - so we were planning on adding a statement to the "rules" saying that anyone who had viewed our house with a realtor needs to talk to us in person. How should we handle a situation like this? I was hoping that this situation doesn't arise - but knowing our luck - it will. My plan was to offer our realtor a sliding scale - if the person offers full listing price - our questions are: - Should we rethink doing the 5 day after being listed so long? - How do we handle commissions for people who previewed the house with a realtor but did not make an offer? With the realtor - we can't afford to pay the comission and take a lower price on the house - I was thinking about telling him if we get a full offer (at or above the price he listed at - he gets full commission and does all paperwork). If it is below list price - he gets 1%. Is something like this acceptable? I believe our last showing was 2 months ago - so any buyers that did come through have had ample time to make a decision/offer. All either didn't give feedback or used the busy road as their reason not to buy. --- On Sat, 6/5/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Saturday, June 5, 2010, 11:25 AM Greetings Bill, OK but what about people like me who don't want anything to do with "real estate professionals"? Is the 5 Day Sale the best way to handle a FSBO deal, even if time on the market isn't a big factor? Thanks, Peter In a message dated 6/5/2010 7:04:36 A.M. Pacific Daylight Time, bill at effros.com writes: Thanks, Jim, I completely agree, but would phrase your comments slightly differently. The 5-Day Method will get you the highest possible price on the weekend you select to sell your home. If you don't think the current time is the best time, wait until you believe prices have gone up before running your 5-Day Sale. Do not "shop" your home using any other method while you are waiting, as this will lower the price you get when you finally get around to selling it using the 5-Day Method. The Archives of this list are littered with people who turned down the 5-Day price and were never again offered a price that high. Everyone knows they could have gotten more for their homes 3 years ago than they can get today--no matter what method they used. The 5-Day Method simply says "Take What You Can Get on the Day YOU Choose to Sell!" All you need in the New York area is a Craig's List Ad. If your price is right -- 1/2 what you honestly believe you can currently get -- you will get literally hundreds of responses without putting up a single sign, most of which are not permitted in communities around here. I live in Greenwich and have been involved in scores of multi-million dollar 5-Day home sales. The first home sold using the book was a vacant home in Westchester (owned by a Real Estate Broker who had moved to Arizona and begged my publisher for a pre-publication galley copy of the book) that had been on the market for several years without ever getting a single offer. It was sold during a blizzard for $50,000 more than the seller was asking. Bill Effros Author Janet, I must take issue with your advice to Carol and Dave. To describe Bill?s 5-Day method as being the first option and FSBO being an option if you don? t sell your house using the 5-Day method is, in my opinion, failing to grasp the only reason anyone should ever use the 5-Day method. If a seller absolutely must sell quickly, and price is secondary, then Bill?s method is unsurpassed for giving the seller the best shot at a satisfactory outcome. The sales price in such a circumstance will be generated by a handful of people who happened to catch an ad during a very short 5-day advertising window, and who hope to get a steal. Sometimes it works, sometimes it doesn?t. But it is worth trying first under those circumstances. But if the seller wants to maximize the selling price and is not in a hurry, then I would never recommend this method as the first option. I am not a big fan of FSBO because of the potential risks and pitfalls, but it is my experience over the years that FSBO, done properly, is better suited to generating a true market price than the 5-day method done properly. If your units of measure for success are days, and not dollars, then the 5-Day method is your best bet. But if you are not out of time, and dollars are your measure, you need to market to a larger population over a longer period of time. Wishing everyone on the forum great success with their sales, and thanking Janet for her frequent and insightful posts, Jim F. ? Realtor Vancouver WA From: _5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5da ys.com) [_mailto:5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-dayforum-bounces+jamesfleming.realestate=gmail.com at mailman.howtosellyo urhomein5days.com) ] On Behalf Of _Janetislight at aol.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=Janetislight at aol.com) Sent: Friday, June 04, 2010 9:01 PM To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com) Subject: Re: [5-DayForum] advertising in Westchester, NY and inspection Carol and Dave, The book states to do an inspection and have it available during the sale. You "could" send your ad through emails if you felt that you knew someone who might be interested. I would say the New York Times will probably not net you the responses for the cost. Sprucing to a point is always nice. But, don't do too much. This is also outlined in the book. And no, I don't believe everyone tries FSBO prior to doing a 5-day sale. This is a first option, the other is an option if you don't sell your house using this method. Janet In a message dated 6/4/2010 8:29:33 P.M. Central Daylight Time, _carolamyd at hotmail.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=carolamyd at hotmail.com) writes: We are wondering what the best way to advertise our sale in Westchester, NY? The NY Times is very expensive but thought so many people read it around here that it might make sense. I know Bill Effros lives in our area and was hoping he might have some advice. Also, we are in a zip code of Mt Kisco but pay Chappaqua taxes so the schools are Chappaqua and we know that that is a huge seller to young families around here because Chappaqua schools are top in the country (or so I've heard). Should we note that in our ad? Do people send their ad through emails? What about home inspection? Does everyone that does a 5 day sale do an inspection first? It feels like we are doing a lot of sprucing up that is costing a lot of money but with so many houses on the market we feel like we need to stand out a little. Does that make sense? Does anyone start advertising as a FSBO first before they do a 5 day sale to get a feel for the interest in their home? Any advice would be greatly appreciated. Carol and Dave ____________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) = _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=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 _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=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 -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-DayForum at mailman.howtosellyourhomein5days.com) _http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _ (http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum) ____________________________________ The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. _Get busy._ (http://www.windowslive.com/campaign/thenewbusy?tile=multicalendar&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_5) = _______________________________________________ 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/20100607/94a020b6/attachment.html From t_schenck at hotmail.com Mon Jun 7 14:19:33 2010 From: t_schenck at hotmail.com (Tony Schenck) Date: Mon, 7 Jun 2010 14:19:33 -0400 Subject: [5-DayForum] sale results in Austin TX In-Reply-To: References: Message-ID: Ileana -- sounds like a nice little place...why are you selling it? Can you rent it out? Can you afford to sit on it, fsbo or listed? How much debt do you have on it? I don't need to know these things, but they are the questions that I would want to answer for myself if I were the owner. It does sound like you carried out the 5-Day sale procedure correctly. I am coming to believe what Bill E has asserted...that a well done 5-Day Sale relentlessly marks a house to market on the day that it takes place. Personally I hate bad news and am slowly beginning to be able to accept it. I lost a $3.0mm spec house in Westport, CT (up Bill E's way) because of my stubborn reluctance to face facts. As a neophyte builder, it and another project wiped me out. Thanks for sharing your experience with the forum, good luck with everything! Best regards, Tony Schenck PS Personally, I would not want to be long real estate right now. (My business partner laughs at me, saying, son, you ain't long nothin' right now!) All I want to hold right now is a little bit of money. http://www.safehaven.com/article/16977/real-estatecredit-bubble-deflation-19-next-up-5-years-of-financial-hell Date: Mon, 7 Jun 2010 10:22:07 -0500 From: puravidawellness at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] sale results in Austin TX I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana _________________________________________________________________ The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. http://www.windowslive.com/campaign/thenewbusy?tile=multiaccount&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_4 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100607/58ab9ee7/attachment.html From peteskram at yahoo.com Mon Jun 7 14:23:32 2010 From: peteskram at yahoo.com (Pete Skram) Date: Mon, 7 Jun 2010 11:23:32 -0700 (PDT) Subject: [5-DayForum] sale results in Austin TX In-Reply-To: Message-ID: <244061.57205.qm@web63403.mail.re1.yahoo.com> Yikes!? Lleana that's bad news.? Sorry to hear you went through all of that work and it didn't pan out.? ? We're just getting ready to get our signs going this week?- so I'm already a bit antsy - hope this isn't a sign of the times.? Best of luck to you. ? Cheryl Skram ? ? --- On Mon, 6/7/10, Ileana Bourland wrote: From: Ileana Bourland Subject: [5-DayForum] sale results in Austin TX To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Monday, June 7, 2010, 10:22 AM I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana -----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/20100607/5cd9560b/attachment.html From peteskram at yahoo.com Mon Jun 7 14:32:35 2010 From: peteskram at yahoo.com (Pete Skram) Date: Mon, 7 Jun 2010 11:32:35 -0700 (PDT) Subject: [5-DayForum] question re: Austin results In-Reply-To: Message-ID: <600866.66968.qm@web63405.mail.re1.yahoo.com> So in this day and age - do people associate "auction" with "foreclosure" and assume they're getting a deal?? ? I've only been on this site for a few weeks - but has there been any success recently? (I haven't seen any.)? I understand how and why it worked in the past (unknowingly - I basically sold my last house by this method - signs, open house, sale on same day - we just didn't do the "auction" part the buyers offered asking price and wrote a contract that night).? But that was 5 years ago - times are different - buyers expectations are different. ? ? Any thoughts?? Advice? --- On Mon, 6/7/10, Ileana Bourland wrote: From: Ileana Bourland Subject: [5-DayForum] sale results in Austin TX To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Monday, June 7, 2010, 10:22 AM I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana -----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/20100607/07039832/attachment.html From Janetislight at aol.com Mon Jun 7 14:57:40 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Mon, 7 Jun 2010 14:57:40 EDT Subject: [5-DayForum] sale results in Austin TX Message-ID: <45d30.30a02b07.393e9b24@aol.com> Major Bummer is right! Has the market you are in taken a beating from the real estate fiasco? Janet In a message dated 6/7/2010 10:22:29 A.M. Central Daylight Time, puravidawellness at gmail.com writes: I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana _______________________________________________ 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/20100607/a8b25013/attachment.html From rziady at hotmail.com Mon Jun 7 15:28:32 2010 From: rziady at hotmail.com (Riyan Ziady) Date: Mon, 7 Jun 2010 19:28:32 +0000 Subject: [5-DayForum] the unsellable...need advice In-Reply-To: <8ED1BE5978F34F999A4A95A6DD5EEC07@rosemarifv6onv> References: , <8ED1BE5978F34F999A4A95A6DD5EEC07@rosemarifv6onv> Message-ID: Thanks Rosemarie. I'll keep everyone updated... From: rosemarie-fred at mindspring.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Fri, 4 Jun 2010 23:40:48 -0400 Subject: Re: [5-DayForum] the unsellable...need advice Since you are selling this as an investment property, you might have more luck advertising through your local REIA. You may find someone there with cash or who can get some through private lenders. The 5-day sale really works best (I think) for people selling their own home to buyers who want it for their own home. I may be mistaken.If your buyer gets the house inspected and it needs a new roof, you may need to discount it even more. Have you considered getting a property manager and hanging on to it? If the ROI is as good as you say. I would think it might be worth hiring someone to manage it so you can attend to your life. Then, who knows, the market may pick up again. Your comments as far as a fault in "the system" are discussed in great detail and repeatedly on this forum - check the archives. I wish you good luck with your house - keep us updated. Rosemarie ----- Original Message ----- From: Riyan Ziady To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Wednesday, June 02, 2010 12:08 PM Subject: [5-DayForum] the unsellable...need advice Hi all, I've bought the book, signed up on the forum and now need some advice. This is my situation.... 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...). The redevelopment has stalled due to the economy and values have dropped precipitously in my area. I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently. I owe $125k on the property but would gladly sell at a loss to get out of it. My rate is resetting and I just don't have the time to manage it with a young family and work. I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal". After all, people who respond to auctions are in fact deal seekers who don't want to pay market value. Unless I'm missing something, this is a shortcoming of the process. Explanation? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience? Another shortcoming? If that "one" person is not reached, then is your market price set? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected". If that's the case, then what is the point? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me). He suggested that putting the auction on MLS could possibly generate huge interest. Any thoughts? Lastly, the roof is not pretty. I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible. Three layers and badly worn. Per my understanding from the book, I shouldn't replace it. Other than that, the property in in good shape and very clean. Advice on the roof? It should be an attractive investment. Cash flows $1,300/mo and at $100k to $115k, that's an 11% to 12% yield. I don't understand why it doesn't generate interest. I've had brokers tell me that its a function of buyers not being able to obtain investment property financing. Thoughts? Thank for any advice... R The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. http://www.windowslive.com/campaign/thenewbusy?tile=multicalendar&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_5 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100607/28f51429/attachment.html From peteskram at yahoo.com Tue Jun 8 10:03:21 2010 From: peteskram at yahoo.com (Pete Skram) Date: Tue, 8 Jun 2010 07:03:21 -0700 (PDT) Subject: [5-DayForum] Pricing for sale this weekend In-Reply-To: Message-ID: <928554.6866.qm@web63408.mail.re1.yahoo.com> With all of the bouncing around in the market - I'm not sure how we should price our house for our 5 day sale.?? The house next store to us was competely gutted and sold for $350 about 2 months ago.? It was 4B/3B - 1 car garage - small yard - only living room and eat-in kitchen for living space.? ? Our house is 5B/4B - 2 car garage - private drive - larger fended in yard - LR/DR/Kitchen/Family room plus office.? Paid $312K - 5 years ago - put about $70k into it - but also split the double lot into 2 separate parcels (so there is value in the land that we now own free and clear).? It was appraised about $380K - 1.5 years ago (after the lot split).? We're hoping to be in the $350 range for the sale.? ? Is there a point of going too low?? We were thinking $219,500 - b/c we don't want people to think it's a foreclosure and only attract low ballers that can't/won't afford more.? Or do we go under $200K - just to make sure we get a lot of people?? I don't want to do all of this work and end up like Leana - with a low ball finish.? We're looking forward to a sucessful sale.? Any advice?!? ? Thanks! Cheryl ? ? - ? -- On Mon, 6/7/10, Riyan Ziady wrote: From: Riyan Ziady Subject: Re: [5-DayForum] the unsellable...need advice To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Monday, June 7, 2010, 2:28 PM Thanks Rosemarie.? I'll keep everyone updated... ? From: rosemarie-fred at mindspring.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Fri, 4 Jun 2010 23:40:48 -0400 Subject: Re: [5-DayForum] the unsellable...need advice #yiv1958158407 .ExternalClass .ecxhmmessage P {padding-right:0px;padding-left:0px;padding-bottom:0px;padding-top:0px;} #yiv1958158407 .ExternalClass BODY.ecxhmmessage {font-size:10pt;font-family:Verdana;} Since you are selling this as an investment property, you might have more luck advertising through your local REIA. You may find someone there with cash or who can get some through private lenders. The 5-day sale really works best (I think) for people selling their own home to buyers who want it for their own home. I may be mistaken.If your buyer gets the house inspected and it needs a new roof, you may need to discount it even more. Have you considered getting a property manager and hanging on to it? If the ROI is as good as you say. I would think it might be worth hiring someone to manage it so you can attend to your life. Then, who knows, the market may pick up again. Your comments as far as a fault in "the system" are discussed in great detail and repeatedly on this forum - check the archives. I wish you good luck with your house - keep us updated. Rosemarie ----- Original Message ----- From: Riyan Ziady To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Wednesday, June 02, 2010 12:08 PM Subject: [5-DayForum] the unsellable...need advice Hi all, ? I've bought the book, signed up on the forum and now need some advice.? This is my situation.... ? 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...).? The redevelopment has stalled due to the economy and values have dropped precipitously in my area. ? I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently.? I owe $125k on the property but would gladly sell at a loss to get out of it.? My rate is resetting and I just don't have the time to manage it with a young family and work. ? I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. ? My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal".? After all, people who respond to auctions are in fact deal seekers who don't want to pay market value.? Unless I'm missing something, this is a shortcoming of the process.? Explanation? ? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience?? Another shortcoming?? If that "one" person is not reached, then is your market price set?? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected".? If that's the case, then what is the point? ? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me).? He suggested that putting the auction on MLS could possibly generate huge interest.? Any thoughts?? ? Lastly, the roof is not pretty.? I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible.? Three layers and badly worn.? Per?my understanding from the book, I shouldn't replace it.? Other than that, the property in in good shape and very clean.? Advice on the roof? ? It should be an attractive investment.? Cash flows $1,300/mo and at $100k to?$115k, that's an 11% to 12% yield.? I don't understand why it doesn't generate interest.? I've had brokers tell me that its a function of buyers not being able to obtain investment property financing.? Thoughts?? ? Thank for any advice... ? R The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. Get busy. -----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/20100608/3d93b07b/attachment.html From PJ323JP at aol.com Tue Jun 8 10:49:34 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Tue, 8 Jun 2010 10:49:34 EDT Subject: [5-DayForum] Pricing for sale this weekend Message-ID: <6cb74.6cac1319.393fb27e@aol.com> Hi Cheryl, You can add a phrase like "not a short sale" to your ads, to keep people from making an incorrect assumption. Peter In a message dated 6/8/2010 7:04:20 A.M. Pacific Daylight Time, peteskram at yahoo.com writes: With all of the bouncing around in the market - I'm not sure how we should price our house for our 5 day sale. The house next store to us was competely gutted and sold for $350 about 2 months ago. It was 4B/3B - 1 car garage - small yard - only living room and eat-in kitchen for living space. Our house is 5B/4B - 2 car garage - private drive - larger fended in yard - LR/DR/Kitchen/Family room plus office. Paid $312K - 5 years ago - put about $70k into it - but also split the double lot into 2 separate parcels (so there is value in the land that we now own free and clear). It was appraised about $380K - 1.5 years ago (after the lot split). We're hoping to be in the $350 range for the sale. Is there a point of going too low? We were thinking $219,500 - b/c we don't want people to think it's a foreclosure and only attract low ballers that can't/won't afford more. Or do we go under $200K - just to make sure we get a lot of people? I don't want to do all of this work and end up like Leana - with a low ball finish. We're looking forward to a sucessful sale. Any advice?!? Thanks! Cheryl - -- On Mon, 6/7/10, Riyan Ziady wrote: From: Riyan Ziady Subject: Re: [5-DayForum] the unsellable...need advice To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Monday, June 7, 2010, 2:28 PM Thanks Rosemarie. I'll keep everyone updated... ____________________________________ From: rosemarie-fred at mindspring.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Fri, 4 Jun 2010 23:40:48 -0400 Subject: Re: [5-DayForum] the unsellable...need advice Since you are selling this as an investment property, you might have more luck advertising through your local REIA. You may find someone there with cash or who can get some through private lenders. The 5-day sale really works best (I think) for people selling their own home to buyers who want it for their own home. I may be mistaken.If your buyer gets the house inspected and it needs a new roof, you may need to discount it even more. Have you considered getting a property manager and hanging on to it? If the ROI is as good as you say. I would think it might be worth hiring someone to manage it so you can attend to your life. Then, who knows, the market may pick up again. Your comments as far as a fault in "the system" are discussed in great detail and repeatedly on this forum - check the archives. I wish you good luck with your house - keep us updated. Rosemarie ----- Original Message ----- From: _Riyan Ziady_ (http://us.mc634.mail.yahoo.com/mc/compose?to=rziady at hotmail.com) To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Wednesday, June 02, 2010 12:08 PM Subject: [5-DayForum] the unsellable...need advice Hi all, I've bought the book, signed up on the forum and now need some advice. This is my situation.... 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...). The redevelopment has stalled due to the economy and values have dropped precipitously in my area. I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently. I owe $125k on the property but would gladly sell at a loss to get out of it. My rate is resetting and I just don't have the time to manage it with a young family and work. I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal". After all, people who respond to auctions are in fact deal seekers who don't want to pay market value. Unless I'm missing something, this is a shortcoming of the process. Explanation? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience? Another shortcoming? If that "one" person is not reached, then is your market price set? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected". If that's the case, then what is the point? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me). He suggested that putting the auction on MLS could possibly generate huge interest. Any thoughts? Lastly, the roof is not pretty. I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible. Three layers and badly worn. Per my understanding from the book, I shouldn't replace it. Other than that, the property in in good shape and very clean. Advice on the roof? It should be an attractive investment. Cash flows $1,300/mo and at $100k to $115k, that's an 11% to 12% yield. I don't understand why it doesn't generate interest. I've had brokers tell me that its a function of buyers not being able to obtain investment property financing. Thoughts? Thank for any advice... R ____________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) ____________________________________ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ____________________________________ The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. _Get busy._ (http://www.windowslive.com/campaign/thenewbusy?tile=multicalendar&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_5) -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list _5-DayForum at mailman.howtosellyourhomein5days.com_ (http://us.mc634.mail.yahoo.com/mc/compose?to=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/20100608/5b197e16/attachment.html From peteskram at yahoo.com Tue Jun 8 11:02:37 2010 From: peteskram at yahoo.com (Pete Skram) Date: Tue, 8 Jun 2010 08:02:37 -0700 (PDT) Subject: [5-DayForum] Pricing for sale this weekend In-Reply-To: <6cb74.6cac1319.393fb27e@aol.com> Message-ID: <277169.29066.qm@web63403.mail.re1.yahoo.com> Thanks Peter!!?? Good idea! --- On Tue, 6/8/10, PJ323JP at aol.com wrote: From: PJ323JP at aol.com Subject: Re: [5-DayForum] Pricing for sale this weekend To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Tuesday, June 8, 2010, 9:49 AM Hi Cheryl, ????You can add a phrase like "not a short sale" to your ads, to keep people from making an incorrect assumption. ? Peter ? In a message dated 6/8/2010 7:04:20 A.M. Pacific Daylight Time, peteskram at yahoo.com writes: With all of the bouncing around in the market - I'm not sure how we should price our house for our 5 day sale.?? The house next store to us was competely gutted and sold for $350 about 2 months ago.? It was 4B/3B - 1 car garage - small yard - only living room and eat-in kitchen for living space.? ? Our house is 5B/4B - 2 car garage - private drive - larger fended in yard - LR/DR/Kitchen/Family room plus office.? Paid $312K - 5 years ago - put about $70k into it - but also split the double lot into 2 separate parcels (so there is value in the land that we now own free and clear).? It was appraised about $380K - 1.5 years ago (after the lot split).? We're hoping to be in the $350 range for the sale.? ? Is there a point of going too low?? We were thinking $219,500 - b/c we don't want people to think it's a foreclosure and only attract low ballers that can't/won't afford more.? Or do we go under $200K - just to make sure we get a lot of people?? I don't want to do all of this work and end up like Leana - with a low ball finish.? We're looking forward to a sucessful sale.? Any advice?!? ? Thanks! Cheryl ? ? - ? -- On Mon, 6/7/10, Riyan Ziady wrote: From: Riyan Ziady Subject: Re: [5-DayForum] the unsellable...need advice To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Monday, June 7, 2010, 2:28 PM Thanks Rosemarie.? I'll keep everyone updated... ? From: rosemarie-fred at mindspring.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Fri, 4 Jun 2010 23:40:48 -0400 Subject: Re: [5-DayForum] the unsellable...need advice #yiv176432966 #yiv1958158407 .ExternalClass .ecxhmmessage P {padding-right:0px;padding-left:0px;padding-bottom:0px;padding-top:0px;} #yiv176432966 #yiv1958158407 .ExternalClass BODY.ecxhmmessage {font-size:10pt;font-family:Verdana;} Since you are selling this as an investment property, you might have more luck advertising through your local REIA. You may find someone there with cash or who can get some through private lenders. The 5-day sale really works best (I think) for people selling their own home to buyers who want it for their own home. I may be mistaken.If your buyer gets the house inspected and it needs a new roof, you may need to discount it even more. Have you considered getting a property manager and hanging on to it? If the ROI is as good as you say. I would think it might be worth hiring someone to manage it so you can attend to your life. Then, who knows, the market may pick up again. Your comments as far as a fault in "the system" are discussed in great detail and repeatedly on this forum - check the archives. I wish you good luck with your house - keep us updated. Rosemarie ----- Original Message ----- From: Riyan Ziady To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Wednesday, June 02, 2010 12:08 PM Subject: [5-DayForum] the unsellable...need advice Hi all, ? I've bought the book, signed up on the forum and now need some advice.? This is my situation.... ? 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...).? The redevelopment has stalled due to the economy and values have dropped precipitously in my area. ? I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently.? I owe $125k on the property but would gladly sell at a loss to get out of it.? My rate is resetting and I just don't have the time to manage it with a young family and work. ? I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. ? My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal".? After all, people who respond to auctions are in fact deal seekers who don't want to pay market value.? Unless I'm missing something, this is a shortcoming of the process.? Explanation? ? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience?? Another shortcoming?? If that "one" person is not reached, then is your market price set?? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected".? If that's the case, then what is the point? ? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me).? He suggested that putting the auction on MLS could possibly generate huge interest.? Any thoughts?? ? Lastly, the roof is not pretty.? I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible.? Three layers and badly worn.? Per?my understanding from the book, I shouldn't replace it.? Other than that, the property in in good shape and very clean.? Advice on the roof? ? It should be an attractive investment.? Cash flows $1,300/mo and at $100k to?$115k, that's an 11% to 12% yield.? I don't understand why it doesn't generate interest.? I've had brokers tell me that its a function of buyers not being able to obtain investment property financing.? Thoughts?? ? Thank for any advice... ? R The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. Get busy. -----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/20100608/f4aaabaf/attachment.html From PJ323JP at aol.com Tue Jun 8 12:54:29 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Tue, 8 Jun 2010 12:54:29 EDT Subject: [5-DayForum] Pricing for sale this weekend Message-ID: <734ab.c98c2fc.393fcfc5@aol.com> Cheryl, That phrase was suggested to me by a friend who is a title officer, when I told him that I'd be advertising a low ball price. I felt the same as you, good idea! Peter In a message dated 6/8/2010 8:04:03 A.M. Pacific Daylight Time, peteskram at yahoo.com writes: Thanks Peter!! Good idea! -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100608/42799fe3/attachment.html From rcutcher at austin.rr.com Tue Jun 8 12:57:18 2010 From: rcutcher at austin.rr.com (RC Cutcher) Date: Tue, 8 Jun 2010 11:57:18 -0500 Subject: [5-DayForum] sale results in Austin TX References: <45d30.30a02b07.393e9b24@aol.com> Message-ID: <005e01cb072b$a76c1e60$0501a8c0@your55e5f9e3d2> Hi Janet, Market taking a beating in Central Austin? Don't think so. There are 9 similar properties showing up in Travis Heights that sold this past year with similar features. Sold prices were 270K-322K. It is a very hot area of town. So what gives? Some popular theories are: (1) The Solds indicate that Spring and Fall get the best prices, especially just before the college kids arrive at the 2nd largest college in the U.S. (2) Austin Texas is becoming just like Detroit Michigan and places like Travis Heights are in an economic free fall. (3) Bill's book should be considered more of a 'look book' instead of a 'cookbook' because the Green/Eclectic/Art-Deco crowd might need just a little more than 5 days to evaluate type of shelves, the natural light, the environment friendly plants, etc, etc, etc. ( I know I am a heretic, self admitted) I sort of lean towards No. 3 with a little bit of attention to No. 1. When someone is expected to pay $300 per sq foot for a less than 900 sq ft house, usually it ain't an average family or a retired farmer. It is a very precise buyer who has probably not had the 5-Day book on the reading menu. Heck, they usually don't even prefer a bidding war. They will often get involved in a bidding war if they have a reasonable amount of time to circle the home and get every last one of their picky questions answered. And this sometimes requires at least 3 weekends to actually bond with the property (Sat and Sun only) and a 5-7 day bidding war. So tiny pricing isn't really the problem, imo. Thoughts? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Monday, June 07, 2010 1:57 PM Subject: Re: [5-DayForum] sale results in Austin TX Major Bummer is right! Has the market you are in taken a beating from the real estate fiasco? Janet In a message dated 6/7/2010 10:22:29 A.M. Central Daylight Time, puravidawellness at gmail.com writes: I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana _______________________________________________ 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/20100608/8dee2125/attachment.html From PJ323JP at aol.com Tue Jun 8 12:59:50 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Tue, 8 Jun 2010 12:59:50 EDT Subject: [5-DayForum] Home inspection report question Message-ID: <739bd.40263905.393fd106@aol.com> Greetings All! I wonder if you have a preferred type of inspection report. For example, is type written better than hand written? Anything else I should look for or look out for? Thanks, Peter -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100608/59203580/attachment.html From piperpilot1 at sbcglobal.net Tue Jun 8 14:22:34 2010 From: piperpilot1 at sbcglobal.net (DAVID SHADLE) Date: Tue, 8 Jun 2010 11:22:34 -0700 (PDT) Subject: [5-DayForum] Chicagoland request for help Message-ID: <712424.36144.qm@web81408.mail.mud.yahoo.com> This past weekend, someone asked for help in the Chicago, Illinois area.? I too am in the Chicago area and seeking support, so responded with my E-mail address and phone number, but haven't heard back from the person.? My E-mail has been acting up lately, and the message may not have gone through.? If you're still interested, contact me at: Piperpilot1 at SBCGlobal.net 630-989-0991 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100608/afb821ce/attachment.html From peteskram at yahoo.com Tue Jun 8 15:06:46 2010 From: peteskram at yahoo.com (Pete Skram) Date: Tue, 8 Jun 2010 12:06:46 -0700 (PDT) Subject: [5-DayForum] Overcoming obstacles In-Reply-To: <739bd.40263905.393fd106@aol.com> Message-ID: <118010.92914.qm@web63403.mail.re1.yahoo.com> OK - so our house was last listed with a realtor at $359k,? For our 5 day sale - we have it at $195,500.? When someone says - So if all you get is $195,500 - why would you sell it for that?? What do you say that is convincing?? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100608/42411957/attachment.html From jamesfleming.realestate at gmail.com Tue Jun 8 15:06:09 2010 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Tue, 8 Jun 2010 12:06:09 -0700 Subject: [5-DayForum] sale results in Austin TX In-Reply-To: References: Message-ID: <138f01cb073d$a878f550$f96adff0$@gmail.com> Hi Ileana, But for the disappointing final bid, you completed your 5-Day sale successfully. Bill's method did exactly what it is designed to do. One way to look at Bill's method is as the best way to get a bona fide offer for your house when you only have an extremely small window of opportunity. Most FSBO's and Realtors representing sellers recognize that it can take time to get a market value offer; that is why they take a more long-term approach to their marketing. Conversely, when you advertise a 5-Day sale, you are basically saying, "I have no time. This Sunday night I am going to conduct a round robin starting at 50% of what I believe is the market value of my house. I will offer it to the person who makes the highest bid, no matter what that bid is." This message is extremely effective in getting responses from buyers who happen to see your advertising. It essence, it carves out a small piece of the overall market of buyers for your house and motivates them to act quickly. Since writing his book, the time period during which Bill's method was appropriate for the largest segment of sellers was between 2004 and 2007. Buyers were highly motivated; they were buying anything and everything the market could supply. Flippers and Builders were falling all over themselves to monetize the opportunity. In those years, Bill's method not only got quick results, it also got great prices. But the market has changed. Bill's method is still valid; but it is most appropriate now for a different group of sellers. You did very well. It was inexpensive and didn't involve much work. If you decide to try again in a month or so, you might be pleasantly surprised by the result. Best, Jim F. - 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 Ileana Bourland Sent: Monday, June 07, 2010 8:22 AM To: How To Sell Your Home in 5-Days Subject: [5-DayForum] sale results in Austin TX I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100608/08464a60/attachment.html From Janetislight at aol.com Tue Jun 8 15:45:41 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Tue, 8 Jun 2010 15:45:41 EDT Subject: [5-DayForum] Overcoming obstacles Message-ID: <2ee8b.4f03efdc.393ff7e5@aol.com> Explaining is easy. Just say that is the starting bid number and not a final price on the property. Explain that you are letting the market tell you what you house is worth on the day you have your sale. Good luck!!!!! Janet In a message dated 6/8/2010 2:07:41 P.M. Central Daylight Time, peteskram at yahoo.com writes: OK - so our house was last listed with a realtor at $359k, For our 5 day sale - we have it at $195,500. When someone says - So if all you get is $195,500 - why would you sell it for that? What do you say that is convincing? _______________________________________________ 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/20100608/48ab38ca/attachment.html From Janetislight at aol.com Tue Jun 8 15:54:28 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Tue, 8 Jun 2010 15:54:28 EDT Subject: [5-DayForum] sale results in Austin TX Message-ID: <2f65b.18b1b2ca.393ff9f4@aol.com> If what you say is true..... and I'm just going along with this. Then FSBO is more appropriate and can be done fairly cheaply. I've actually been having great response from this. However, my market is flat. No free-fall prices. Everything is just going along as normal. Janet In a message dated 6/8/2010 11:58:31 A.M. Central Daylight Time, rcutcher at austin.rr.com writes: Hi Janet, Market taking a beating in Central Austin? Don't think so. There are 9 similar properties showing up in Travis Heights that sold this past year with similar features. Sold prices were 270K-322K. It is a very hot area of town. So what gives? Some popular theories are: (1) The Solds indicate that Spring and Fall get the best prices, especially just before the college kids arrive at the 2nd largest college in the U.S. (2) Austin Texas is becoming just like Detroit Michigan and places like Travis Heights are in an economic free fall. (3) Bill's book should be considered more of a 'look book' instead of a 'cookbook' because the Green/Eclectic/Art-Deco crowd might need just a little more than 5 days to evaluate type of shelves, the natural light, the environment friendly plants, etc, etc, etc. ( I know I am a heretic, self admitted) I sort of lean towards No. 3 with a little bit of attention to No. 1. When someone is expected to pay $300 per sq foot for a less than 900 sq ft house, usually it ain't an average family or a retired farmer. It is a very precise buyer who has probably not had the 5-Day book on the reading menu. Heck, they usually don't even prefer a bidding war. They will often get involved in a bidding war if they have a reasonable amount of time to circle the home and get every last one of their picky questions answered. And this sometimes requires at least 3 weekends to actually bond with the property (Sat and Sun only) and a 5-7 day bidding war. So tiny pricing isn't really the problem, imo. Thoughts? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Monday, June 07, 2010 1:57 PM Subject: Re: [5-DayForum] sale results in Austin TX Major Bummer is right! Has the market you are in taken a beating from the real estate fiasco? Janet In a message dated 6/7/2010 10:22:29 A.M. Central Daylight Time, _puravidawellness at gmail.com_ (mailto:puravidawellness at gmail.com) writes: I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana _______________________________________________ 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/20100608/d939a18e/attachment.html From Janetislight at aol.com Tue Jun 8 15:55:47 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Tue, 8 Jun 2010 15:55:47 EDT Subject: [5-DayForum] Home inspection report question Message-ID: <2f7b0.137f3143.393ffa43@aol.com> The book states typed is better. I have an inspector who e-mails me inspection reports the same day he does the inspection. This worked great for printing out the summary for the sale. Janet In a message dated 6/8/2010 12:00:16 P.M. Central Daylight Time, PJ323JP at aol.com writes: Greetings All! I wonder if you have a preferred type of inspection report. For example, is type written better than hand written? Anything else I should look for or look out for? Thanks, Peter _______________________________________________ 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/20100608/b6dc1aca/attachment.html From peteskram at yahoo.com Tue Jun 8 15:56:48 2010 From: peteskram at yahoo.com (Pete Skram) Date: Tue, 8 Jun 2010 12:56:48 -0700 (PDT) Subject: [5-DayForum] Overcoming obstacles In-Reply-To: <2ee8b.4f03efdc.393ff7e5@aol.com> Message-ID: <646176.56582.qm@web63401.mail.re1.yahoo.com> Thanks Janice!!? I appreciate your feedback. --- On Tue, 6/8/10, Janetislight at aol.com wrote: From: Janetislight at aol.com Subject: Re: [5-DayForum] Overcoming obstacles To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Tuesday, June 8, 2010, 2:45 PM Explaining is easy.? Just say that is the starting bid number and not a final price on the property.? Explain that you are letting the market tell you what you house is worth on the day you have your sale. ? Good luck!!!!! ? ? Janet ? In a message dated 6/8/2010 2:07:41 P.M. Central Daylight Time, peteskram at yahoo.com writes: OK - so our house was last listed with a realtor at $359k,? For our 5 day sale - we have it at $195,500.? When someone says - So if all you get is $195,500 - why would you sell it for that?? What do you say that is convincing?? _______________________________________________ 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/20100608/b9b5ae2f/attachment.html From PJ323JP at aol.com Tue Jun 8 16:01:41 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Tue, 8 Jun 2010 16:01:41 EDT Subject: [5-DayForum] Home inspection report question Message-ID: Hi Janet, Thanks for sharing your experience. Sounds like your inspector has a helpful method. What's the going rate for inspections in your area? Peter In a message dated 6/8/2010 12:56:46 P.M. Pacific Daylight Time, Janetislight at aol.com writes: The book states typed is better. I have an inspector who e-mails me inspection reports the same day he does the inspection. This worked great for printing out the summary for the sale. Janet In a message dated 6/8/2010 12:00:16 P.M. Central Daylight Time, PJ323JP at aol.com writes: Greetings All! I wonder if you have a preferred type of inspection report. For example, is type written better than hand written? Anything else I should look for or look out for? Thanks, Peter _______________________________________________ 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/20100608/2601809a/attachment.html From Janetislight at aol.com Tue Jun 8 18:15:07 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Tue, 8 Jun 2010 18:15:07 EDT Subject: [5-DayForum] Home inspection report question Message-ID: <3705d.414403a6.39401aeb@aol.com> Our inspections are $200, actually the cheapest out of the 3-4 I called. Janet In a message dated 6/8/2010 3:02:25 P.M. Central Daylight Time, PJ323JP at aol.com writes: Hi Janet, Thanks for sharing your experience. Sounds like your inspector has a helpful method. What's the going rate for inspections in your area? Peter In a message dated 6/8/2010 12:56:46 P.M. Pacific Daylight Time, Janetislight at aol.com writes: The book states typed is better. I have an inspector who e-mails me inspection reports the same day he does the inspection. This worked great for printing out the summary for the sale. Janet In a message dated 6/8/2010 12:00:16 P.M. Central Daylight Time, PJ323JP at aol.com writes: Greetings All! I wonder if you have a preferred type of inspection report. For example, is type written better than hand written? Anything else I should look for or look out for? Thanks, Peter _______________________________________________ 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/20100608/3f23a63b/attachment.html From peteskram at yahoo.com Tue Jun 8 22:33:12 2010 From: peteskram at yahoo.com (Pete Skram) Date: Tue, 8 Jun 2010 19:33:12 -0700 (PDT) Subject: [5-DayForum] Home inspection report question In-Reply-To: <3705d.414403a6.39401aeb@aol.com> Message-ID: <725803.30910.qm@web63407.mail.re1.yahoo.com> Peter - ? $200 is an awesome deal.? We just did a pre-inspection at our house in KC, MO and it was $300.? The radon was another $90.? We tried the "free" one that we got from the .gov site but the results came back unreadable (we followed all of the directions) and we didn't have time for it to not work again. He was pretty reasonable compared to other companies and we've used him for other stuff - since we'll probably be neighbors with the people who are buying our house - it was worth it for us to know it was a totally thorough report.? (We're building on an adjacent lot.) ? Good luck!? ? Just finished my 27 signs - woo - lot of work!!? Pete is distributing them now!? Hopefully it all comes together!! --- On Tue, 6/8/10, Janetislight at aol.com wrote: From: Janetislight at aol.com Subject: Re: [5-DayForum] Home inspection report question To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Tuesday, June 8, 2010, 5:15 PM Our inspections are $200, actually the cheapest out of the 3-4 I called. ? Janet ? In a message dated 6/8/2010 3:02:25 P.M. Central Daylight Time, PJ323JP at aol.com writes: Hi Janet, ????Thanks for sharing your experience.? Sounds like your inspector has a?helpful method.? ????What's the going rate for inspections in your area? ? Peter ? In a message dated 6/8/2010 12:56:46 P.M. Pacific Daylight Time, Janetislight at aol.com writes: The book states typed is better.? I have an inspector who e-mails me inspection reports the same day he does the inspection.? This worked great for printing out the summary for the sale. ? Janet ? In a message dated 6/8/2010 12:00:16 P.M. Central Daylight Time, PJ323JP at aol.com writes: Greetings All! ????I wonder if you have a preferred type of inspection report.? For example, is type written better than hand written??? ????Anything else I should look for or look out for? ? Thanks, Peter ? ? _______________________________________________ 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 -----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/20100608/cffd0a2a/attachment.html From PJ323JP at aol.com Wed Jun 9 02:11:11 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Wed, 9 Jun 2010 02:11:11 EDT Subject: [5-DayForum] Home inspection report question Message-ID: I haven't found anyone quite that inexpensive but now that I know, I'll keep looking. Thanks, Peter In a message dated 6/8/2010 3:16:05 P.M. Pacific Daylight Time, Janetislight at aol.com writes: Our inspections are $200, actually the cheapest out of the 3-4 I called. Janet In a message dated 6/8/2010 3:02:25 P.M. Central Daylight Time, PJ323JP at aol.com writes: Hi Janet, Thanks for sharing your experience. Sounds like your inspector has a helpful method. What's the going rate for inspections in your area? Peter In a message dated 6/8/2010 12:56:46 P.M. Pacific Daylight Time, Janetislight at aol.com writes: The book states typed is better. I have an inspector who e-mails me inspection reports the same day he does the inspection. This worked great for printing out the summary for the sale. Janet In a message dated 6/8/2010 12:00:16 P.M. Central Daylight Time, PJ323JP at aol.com writes: Greetings All! I wonder if you have a preferred type of inspection report. For example, is type written better than hand written? Anything else I should look for or look out for? Thanks, Peter _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100609/bf5b97c2/attachment.html From Janetislight at aol.com Wed Jun 9 08:07:15 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Wed, 9 Jun 2010 08:07:15 EDT Subject: [5-DayForum] Home inspection report question Message-ID: <4380.2f1a0625.3940ddf3@aol.com> Most are $300. I just found a sweet deal for awesome reports. The pictures of every "find" are in the long report that I did not reveal. Everything was outlined in the summary report with no pics. He is very thorough. One of his reports stated, not enough outlets in garage and outside of home. One nail in siding driven in too far. LOL. So he always finds something, so I always have something to show potential buyers. Having said all of that. Remember, I am in Des Moines, Iowa. VERY low cost of living. Janet In a message dated 6/9/2010 1:11:45 A.M. Central Daylight Time, PJ323JP at aol.com writes: I haven't found anyone quite that inexpensive but now that I know, I'll keep looking. Thanks, Peter In a message dated 6/8/2010 3:16:05 P.M. Pacific Daylight Time, Janetislight at aol.com writes: Our inspections are $200, actually the cheapest out of the 3-4 I called. Janet In a message dated 6/8/2010 3:02:25 P.M. Central Daylight Time, PJ323JP at aol.com writes: Hi Janet, Thanks for sharing your experience. Sounds like your inspector has a helpful method. What's the going rate for inspections in your area? Peter In a message dated 6/8/2010 12:56:46 P.M. Pacific Daylight Time, Janetislight at aol.com writes: The book states typed is better. I have an inspector who e-mails me inspection reports the same day he does the inspection. This worked great for printing out the summary for the sale. Janet In a message dated 6/8/2010 12:00:16 P.M. Central Daylight Time, PJ323JP at aol.com writes: Greetings All! I wonder if you have a preferred type of inspection report. For example, is type written better than hand written? Anything else I should look for or look out for? Thanks, Peter _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100609/37f7d4b2/attachment.html From PJ323JP at aol.com Wed Jun 9 11:26:12 2010 From: PJ323JP at aol.com (PJ323JP at aol.com) Date: Wed, 9 Jun 2010 11:26:12 EDT Subject: [5-DayForum] Home inspection report question Message-ID: <84d2.65633a94.39410c94@aol.com> Thanks for the additional information Janet. It seems that, at least in Southern California, there are a variety of home inspection methods and also a variety of sanctioning bodies for inspectors. Of course I'd like to know about anything that needs repairing or replacing but, as a retired carpenter, I don't think I've missed anything of consequence. In fact I've gone out of my way to make the place as close to perfect as possible so I'm just looking for a basic report to help move the sale process, nothing too time consuming or expensive to produce. Although the cost of living here is certainly higher than in Iowa, the current economy has made many services more competitively priced. Peter In a message dated 6/9/2010 5:08:32 A.M. Pacific Daylight Time, Janetislight at aol.com writes: Most are $300. I just found a sweet deal for awesome reports. The pictures of every "find" are in the long report that I did not reveal. Everything was outlined in the summary report with no pics. He is very thorough. One of his reports stated, not enough outlets in garage and outside of home. One nail in siding driven in too far. LOL. So he always finds something, so I always have something to show potential buyers. Having said all of that. Remember, I am in Des Moines, Iowa. VERY low cost of living. Janet In a message dated 6/9/2010 1:11:45 A.M. Central Daylight Time, PJ323JP at aol.com writes: I haven't found anyone quite that inexpensive but now that I know, I'll keep looking. Thanks, Peter In a message dated 6/8/2010 3:16:05 P.M. Pacific Daylight Time, Janetislight at aol.com writes: Our inspections are $200, actually the cheapest out of the 3-4 I called. Janet In a message dated 6/8/2010 3:02:25 P.M. Central Daylight Time, PJ323JP at aol.com writes: Hi Janet, Thanks for sharing your experience. Sounds like your inspector has a helpful method. What's the going rate for inspections in your area? Peter In a message dated 6/8/2010 12:56:46 P.M. Pacific Daylight Time, Janetislight at aol.com writes: The book states typed is better. I have an inspector who e-mails me inspection reports the same day he does the inspection. This worked great for printing out the summary for the sale. Janet In a message dated 6/8/2010 12:00:16 P.M. Central Daylight Time, PJ323JP at aol.com writes: Greetings All! I wonder if you have a preferred type of inspection report. For example, is type written better than hand written? Anything else I should look for or look out for? Thanks, Peter _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100609/8ed92908/attachment.html From peteskram at yahoo.com Wed Jun 9 11:35:06 2010 From: peteskram at yahoo.com (Pete Skram) Date: Wed, 9 Jun 2010 08:35:06 -0700 (PDT) Subject: [5-DayForum] Craziness!! My phone keeps ringing In-Reply-To: <84d2.65633a94.39410c94@aol.com> Message-ID: <798467.28826.qm@web63407.mail.re1.yahoo.com> Ok - day 1 - 10:30 and I've already received 11 calls or emails.? How's a girl supposed to work?!?!? I'm excited though - it's a good problem to have.? People are still a little skeptical - but I think I've come up with a convincing spheal (sp?).? Wish us luck!? This is very exciting - and neve wracking! ? Already had one guy try to do the weasel - he's from out of town, etc.- won't be here.? Would we take a full offer prior to selling the house.? (I'm sure our defition of "full offer" isn't the same.)? I said?at this stage we can't do any previews - so I doubt anyone would offer the full amount?site unseen - but we're?willing to consider anything.??I know I've peaked his curiousity at least! ? Hope everyone has a great day. ? ? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100609/d99164cc/attachment.html From Janetislight at aol.com Wed Jun 9 13:41:04 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Wed, 9 Jun 2010 13:41:04 EDT Subject: [5-DayForum] Craziness!! My phone keeps ringing Message-ID: <1ec6d.5c451962.39412c30@aol.com> Great to hear!!!! Keep us posted. Janet In a message dated 6/9/2010 10:35:23 A.M. Central Daylight Time, peteskram at yahoo.com writes: Ok - day 1 - 10:30 and I've already received 11 calls or emails. How's a girl supposed to work?!?! I'm excited though - it's a good problem to have. People are still a little skeptical - but I think I've come up with a convincing spheal (sp?). Wish us luck! This is very exciting - and neve wracking! Already had one guy try to do the weasel - he's from out of town, etc.- won't be here. Would we take a full offer prior to selling the house. (I'm sure our defition of "full offer" isn't the same.) I said at this stage we can't do any previews - so I doubt anyone would offer the full amount site unseen - but we're willing to consider anything. I know I've peaked his curiousity at least! Hope everyone has a great day. _______________________________________________ 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/20100609/eea7cc36/attachment.html From peteskram at yahoo.com Wed Jun 9 22:29:30 2010 From: peteskram at yahoo.com (Pete Skram) Date: Wed, 9 Jun 2010 19:29:30 -0700 (PDT) Subject: [5-DayForum] Clarifying language In-Reply-To: <1ec6d.5c451962.39412c30@aol.com> Message-ID: <471215.16881.qm@web63406.mail.re1.yahoo.com> Hi all - we had a good day - 28 calls/emails.? ? I did have one "meanie"?- who showed up at my house (after a conversation where I?gave him the address for the?inspection along with the dates and times)?while I was at work and was walking around.? I, unknowingly, returned a call to him after he left.?I was downright pissed that he thought he could tool around my property without my permission? (with my kids & nanny at home) - but I handled it pretty well.? ? BUT, this was my third conversation and he was POUNDING me.? He kept saying if you don't get your price - what's your real price - you're not going to sell? I did all of the right replies considering?I was getting pounded.? But?I think?I'm still having trouble with the question that keeps coming up - do we have a reserve?? I know the answer is?"no" but I'm still not clear. ? Can someone please explain to me?- we put $195,500 or best offer on our signs.? People start bidding at $.01.? Obviously, we believe we'll get the number we published and then some.? Janet in an earlier post said that the $195k number is the 'starting point' but it's really not.? I can't justify the gap - so I obviously can't explain it well.? Can someone please help me articulate this so I'm clear with my buyers??? What is the best way to position it? ? Thanks for your help!! ? ? --- On Wed, 6/9/10, Janetislight at aol.com wrote: From: Janetislight at aol.com Subject: Re: [5-DayForum] Craziness!! My phone keeps ringing To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Wednesday, June 9, 2010, 12:41 PM Great to hear!!!! ? Keep us posted. ? Janet ? In a message dated 6/9/2010 10:35:23 A.M. Central Daylight Time, peteskram at yahoo.com writes: Ok - day 1 - 10:30 and I've already received 11 calls or emails.? How's a girl supposed to work?!?!? I'm excited though - it's a good problem to have.? People are still a little skeptical - but I think I've come up with a convincing spheal (sp?).? Wish us luck!? This is very exciting - and neve wracking! ? Already had one guy try to do the weasel - he's from out of town, etc.- won't be here.? Would we take a full offer prior to selling the house.? (I'm sure our defition of "full offer" isn't the same.)? I said?at this stage we can't do any previews - so I doubt anyone would offer the full amount?site unseen - but we're?willing to consider anything.??I know I've peaked his curiousity at least! ? Hope everyone has a great day. ? ? _______________________________________________ 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/20100609/a5dd0e49/attachment.html From venvitale at yahoo.com Wed Jun 9 22:45:33 2010 From: venvitale at yahoo.com (Venere Vitale) Date: Wed, 9 Jun 2010 19:45:33 -0700 (PDT) Subject: [5-DayForum] rentals Message-ID: <513417.21338.qm@web37002.mail.mud.yahoo.com> Can this be applied to rentals? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100609/57ba403b/attachment.html From tomhoffman at live.com Wed Jun 9 22:58:12 2010 From: tomhoffman at live.com (Tom Hoffman) Date: Wed, 9 Jun 2010 20:58:12 -0600 Subject: [5-DayForum] Clarifying language In-Reply-To: <471215.16881.qm@web63406.mail.re1.yahoo.com> References: <1ec6d.5c451962.39412c30@aol.com>, <471215.16881.qm@web63406.mail.re1.yahoo.com> Message-ID: The number is to get their attention. The initial bid is like buying a lottery ticket or a ticket to the big show and until they make some kind of commitment they will never have a chance to be the big winner. Sounds like you are doing fine. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax Date: Wed, 9 Jun 2010 19:29:30 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] Clarifying language Hi all - we had a good day - 28 calls/emails. I did have one "meanie" - who showed up at my house (after a conversation where I gave him the address for the inspection along with the dates and times) while I was at work and was walking around. I, unknowingly, returned a call to him after he left. I was downright pissed that he thought he could tool around my property without my permission (with my kids & nanny at home) - but I handled it pretty well. BUT, this was my third conversation and he was POUNDING me. He kept saying if you don't get your price - what's your real price - you're not going to sell? I did all of the right replies considering I was getting pounded. But I think I'm still having trouble with the question that keeps coming up - do we have a reserve? I know the answer is "no" but I'm still not clear. Can someone please explain to me - we put $195,500 or best offer on our signs. People start bidding at $.01. Obviously, we believe we'll get the number we published and then some. Janet in an earlier post said that the $195k number is the 'starting point' but it's really not. I can't justify the gap - so I obviously can't explain it well. Can someone please help me articulate this so I'm clear with my buyers? What is the best way to position it? Thanks for your help!! --- On Wed, 6/9/10, Janetislight at aol.com wrote: From: Janetislight at aol.com Subject: Re: [5-DayForum] Craziness!! My phone keeps ringing To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Wednesday, June 9, 2010, 12:41 PM Great to hear!!!! Keep us posted. Janet In a message dated 6/9/2010 10:35:23 A.M. Central Daylight Time, peteskram at yahoo.com writes: Ok - day 1 - 10:30 and I've already received 11 calls or emails. How's a girl supposed to work?!?! I'm excited though - it's a good problem to have. People are still a little skeptical - but I think I've come up with a convincing spheal (sp?). Wish us luck! This is very exciting - and neve wracking! Already had one guy try to do the weasel - he's from out of town, etc.- won't be here. Would we take a full offer prior to selling the house. (I'm sure our defition of "full offer" isn't the same.) I said at this stage we can't do any previews - so I doubt anyone would offer the full amount site unseen - but we're willing to consider anything. I know I've peaked his curiousity at least! Hope everyone has a great day. _______________________________________________ 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 _________________________________________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100609/0265f234/attachment.html From daves8 at juno.com Thu Jun 10 00:11:16 2010 From: daves8 at juno.com (daves8 at juno.com) Date: Wed, 9 Jun 2010 22:11:16 -0600 Subject: [5-DayForum] Clarifying language Message-ID: <20100609.221116.1312.1.daves8@juno.com> Forgive the dumb question, but is there any reason not to use the terminology "Minimum bid: $195,500" just to start things off? ------------------------------------------------------------------------- ------- Date: Wed, 9 Jun 2010 19:29:30 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] Clarifying language Hi all - we had a good day - 28 calls/emails..................................... Can someone please explain to me - we put $195,500 or best offer on our signs. People start bidding at $.01. Obviously, we believe we'll get the number we published and then some. Janet in an earlier post said that the $195k number is the 'starting point' but it's really not. I can't justify the gap - so I obviously can't explain it well. Can someone please help me articulate this so I'm clear with my buyers? What is the best way to position it? -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100609/9ba0a8b6/attachment.html From rcutcher at austin.rr.com Thu Jun 10 10:35:35 2010 From: rcutcher at austin.rr.com (RC Cutcher) Date: Thu, 10 Jun 2010 09:35:35 -0500 Subject: [5-DayForum] sale results in Austin TX References: <2f65b.18b1b2ca.393ff9f4@aol.com> Message-ID: <007601cb08aa$3010c8e0$0501a8c0@your55e5f9e3d2> Hi Janet, I guess I will have to disagree with you that FSBO selling is more appropriate and cheaper. And since you qualified your thought using my post, I am curious how you got there. Realtors can help Sellers and Buyers get to a fair market value if they do their job, and working with a Realtor will often get the highest net profit. FSBO folks are almost always limited in time and upfront costs to resolve a lot of these new issues in a soft marketplace. Also, I've noticed over the years that most people just skim the book and once in a while somebody will actually spend a month reading it, but even comprehensive reading cannot usually replace actual experience of being on the job everyday. The Book is often looked at as a complete guide to every situation for finding fair market value on any given Sunday... ala the world of magic pricing and magic days on the calendar. And after someone has done their first dozen of these types of tiny priced property sales, you begin to see the value of true grit experience of the person who has a high batting average using the 5-Day concepts. So maybe Realtors have a place in this world of 5-Day. Of course if the FSBO Seller views their local Realtor as they would view a horse thief or Scam man , then FSBO selling would be the only choice. It's all about making good choices in your area of the country. Isn't it? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Tuesday, June 08, 2010 2:54 PM Subject: Re: [5-DayForum] sale results in Austin TX If what you say is true..... and I'm just going along with this. Then FSBO is more appropriate and can be done fairly cheaply. I've actually been having great response from this. However, my market is flat. No free-fall prices. Everything is just going along as normal. Janet In a message dated 6/8/2010 11:58:31 A.M. Central Daylight Time, rcutcher at austin.rr.com writes: Hi Janet, Market taking a beating in Central Austin? Don't think so. There are 9 similar properties showing up in Travis Heights that sold this past year with similar features. Sold prices were 270K-322K. It is a very hot area of town. So what gives? Some popular theories are: (1) The Solds indicate that Spring and Fall get the best prices, especially just before the college kids arrive at the 2nd largest college in the U.S. (2) Austin Texas is becoming just like Detroit Michigan and places like Travis Heights are in an economic free fall. (3) Bill's book should be considered more of a 'look book' instead of a 'cookbook' because the Green/Eclectic/Art-Deco crowd might need just a little more than 5 days to evaluate type of shelves, the natural light, the environment friendly plants, etc, etc, etc. ( I know I am a heretic, self admitted) I sort of lean towards No. 3 with a little bit of attention to No. 1. When someone is expected to pay $300 per sq foot for a less than 900 sq ft house, usually it ain't an average family or a retired farmer. It is a very precise buyer who has probably not had the 5-Day book on the reading menu. Heck, they usually don't even prefer a bidding war. They will often get involved in a bidding war if they have a reasonable amount of time to circle the home and get every last one of their picky questions answered. And this sometimes requires at least 3 weekends to actually bond with the property (Sat and Sun only) and a 5-7 day bidding war. So tiny pricing isn't really the problem, imo. Thoughts? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Monday, June 07, 2010 1:57 PM Subject: Re: [5-DayForum] sale results in Austin TX Major Bummer is right! Has the market you are in taken a beating from the real estate fiasco? Janet In a message dated 6/7/2010 10:22:29 A.M. Central Daylight Time, puravidawellness at gmail.com writes: I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana _______________________________________________ 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/20100610/167042e6/attachment.html From varinia61 at hotmail.com Thu Jun 10 10:52:30 2010 From: varinia61 at hotmail.com (michaela graham) Date: Thu, 10 Jun 2010 10:52:30 -0400 Subject: [5-DayForum] sale results in Austin TX In-Reply-To: <007601cb08aa$3010c8e0$0501a8c0@your55e5f9e3d2> References: <2f65b.18b1b2ca.393ff9f4@aol.com>, <007601cb08aa$3010c8e0$0501a8c0@your55e5f9e3d2> Message-ID: RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela _________________________________________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100610/23eff420/attachment.html From peteskram at yahoo.com Thu Jun 10 11:17:24 2010 From: peteskram at yahoo.com (Pete Skram) Date: Thu, 10 Jun 2010 08:17:24 -0700 (PDT) Subject: [5-DayForum] sale results in Austin TX In-Reply-To: Message-ID: <189651.98618.qm@web63402.mail.re1.yahoo.com> I agree there is a place for realtors.? I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. ? The way I explained it is? in the whole scheme of things -?it's all coming out of the same big pot?- it?doesn't matter which bucket it comes from.? ? In?our case to keep the bidding process?fair and simple, the best thing for her to do is have the?buyers?calculate and deduct the realtor fee.? So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k.? That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee)?- and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think? it's a deal.?She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her.? As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what?I would do. ? ? Good luck Michaela - how is it going so far?? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". ? Cheryl ? --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----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/20100610/52507528/attachment.html From varinia61 at hotmail.com Thu Jun 10 11:31:08 2010 From: varinia61 at hotmail.com (michaela graham) Date: Thu, 10 Jun 2010 11:31:08 -0400 Subject: [5-DayForum] sale results in Austin TX In-Reply-To: <189651.98618.qm@web63402.mail.re1.yahoo.com> References: , <189651.98618.qm@web63402.mail.re1.yahoo.com> Message-ID: Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors. I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. The way I explained it is in the whole scheme of things - it's all coming out of the same big pot - it doesn't matter which bucket it comes from. In our case to keep the bidding process fair and simple, the best thing for her to do is have the buyers calculate and deduct the realtor fee. So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k. That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee) - and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think it's a deal. She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her. As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what I would do. Good luck Michaela - how is it going so far? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100610/a2055305/attachment.html From rpribilski at aol.com Thu Jun 10 13:22:28 2010 From: rpribilski at aol.com (Rob) Date: Thu, 10 Jun 2010 13:22:28 -0400 (EDT) Subject: [5-DayForum] it's like Ebay... Message-ID: <8CCD6D8A299523F-169C-1468D@Webmail-d114.sysops.aol.com> the initial price is the starting bid. maybe that would help the skeptical "buyers" understand. don't let the hard sale types get you down. i always had a problem in that when someone did that on a car i sold, i always start laughing. I kind it funny. It's a very foreigner type culture influence I think. If you ever have the chance to go to Turkey and the Grand Bazaar you will have a blast. They are kings of "hard sell." I would not give in to these funny tactics as they are rarely real offers. Rob -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100610/ddb4282d/attachment.html From peteskram at yahoo.com Thu Jun 10 13:43:26 2010 From: peteskram at yahoo.com (Pete Skram) Date: Thu, 10 Jun 2010 10:43:26 -0700 (PDT) Subject: [5-DayForum] sale results in Austin TX In-Reply-To: Message-ID: <784242.57456.qm@web63405.mail.re1.yahoo.com> Thanks Micheala! ? Sounds like you've done a lot of work - best of luck to you this weekend! ? I agree my "meanie" was a real estate investor looking for a deal.??He was very arrogant - so I'm hoping he doesn't show up b/c I know he's not going to buy it and we'll probably just end up having to ask him to leave. I just don't want him to cut into the positive vibe we're going for. ? Day 2 and I'm up to 39 people - so we're moving! ? Good luck! --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 10:31 AM Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors.? I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. ? The way I explained it is? in the whole scheme of things -?it's all coming out of the same big pot?- it?doesn't matter which bucket it comes from.? ? In?our case to keep the bidding process?fair and simple, the best thing for her to do is have the?buyers?calculate and deduct the realtor fee.? So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k.? That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee)?- and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think? it's a deal.?She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her.? As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what?I would do. ? ? Good luck Michaela - how is it going so far?? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". ? Cheryl ? --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM #yiv2067738020 .ExternalClass #ecxyiv217801710 .ecxhmmessage P {padding:0px;} #yiv2067738020 .ExternalClass #ecxyiv217801710 .ecxhmmessage {font-size:10pt;font-family:Verdana;} RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. -----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/20100610/f48d7d14/attachment.html From peteskram at yahoo.com Thu Jun 10 13:57:31 2010 From: peteskram at yahoo.com (Pete Skram) Date: Thu, 10 Jun 2010 10:57:31 -0700 (PDT) Subject: [5-DayForum] it's like Ebay... In-Reply-To: <8CCD6D8A299523F-169C-1468D@Webmail-d114.sysops.aol.com> Message-ID: <436327.33120.qm@web63407.mail.re1.yahoo.com> Thanks Rob.? I'm actually a pretty good negotiater - which is why this process intrigues me.? I like doing it - twisted I know.? I would probably love Turkey.? I like Mexico - until they keep following you. :) ? I still don't know?- with ebay - if it starts at $9.95 - then you start bidding at $9.95.? This is weird in the sense that a penny let's you play. Someone else worded it that?the initial bids are just to get into the game - which I like.? But I still have trouble resolving the $195,500 - if someone says do you have to get to that number - I still say "no" - which isn't really true.? I can see why it's a disconnect for them. ? I'm still working on a better answer - I'm sure by the time Saturday rolls around - I'll have it down pat! ? Cheryl ? ? --- On Thu, 6/10/10, Rob wrote: From: Rob Subject: [5-DayForum] it's like Ebay... To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 12:22 PM the initial price is the starting bid. maybe that would help the skeptical "buyers" understand. don't let the hard sale types get you down. i always had a problem in that when someone did that on a car i sold, i always start laughing. I kind it funny. It's a very foreigner type culture influence I think. If you ever have the chance to go to Turkey and the Grand Bazaar you will have a blast. They are kings of "hard sell." I would not give in to these funny tactics as they are rarely real offers. ? Rob -----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/20100610/1249b81c/attachment.html From Janetislight at aol.com Thu Jun 10 14:23:20 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Thu, 10 Jun 2010 14:23:20 EDT Subject: [5-DayForum] rentals Message-ID: <9adb8.777863f.39428798@aol.com> Yes. Janet In a message dated 6/9/2010 9:46:41 P.M. Central Daylight Time, venvitale at yahoo.com writes: Can this be applied to rentals? _______________________________________________ 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/20100610/b5a1821b/attachment.html From Janetislight at aol.com Thu Jun 10 14:37:33 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Thu, 10 Jun 2010 14:37:33 EDT Subject: [5-DayForum] sale results in Austin TX Message-ID: <9be01.79e14e04.39428aed@aol.com> RC, I by NO means disparage realtors, and I use one quite often. If I came across as bashing, then my bad. Most people search the Internet, realtor.com, etc., prior to enlisting a broker. They start kicking tires long before they decide to pull the trigger and buy. However, if something catches their eye as the tire kicking progresses, then they pick up the phone. Additionally, MLS comes with FSBO.com, which is what I use. Why I have had success with this method, is that I can reduce the price from what I would have placed it at with a realtor. Getting me $5K or more lower than competing houses, and the house is completely renovated. I did not skim the book. I read it from cover to cover, with high lighter and tabs to those places I wanted to quickly reference. I responded to your post as you stated: "3) Bill's book should be considered more of a 'look book' instead of a 'cookbook' because the Green/Eclectic/Art-Deco crowd might need just a little more than 5 days to evaluate type of shelves, the natural light, the environment friendly plants, etc, etc, etc. ( I know I am a heretic, self admitted) I sort of lean towards No. 3 with a little bit of attention to No. 1." That gave me the impression that you were no convinced of the 5-day method. If you aren't 100% convinced, it will show and the method with not work for you. Again, I apologize for any confusion. Janet In a message dated 6/10/2010 9:35:55 A.M. Central Daylight Time, rcutcher at austin.rr.com writes: Hi Janet, I guess I will have to disagree with you that FSBO selling is more appropriate and cheaper. And since you qualified your thought using my post, I am curious how you got there. Realtors can help Sellers and Buyers get to a fair market value if they do their job, and working with a Realtor will often get the highest net profit. FSBO folks are almost always limited in time and upfront costs to resolve a lot of these new issues in a soft marketplace. Also, I've noticed over the years that most people just skim the book and once in a while somebody will actually spend a month reading it, but even comprehensive reading cannot usually replace actual experience of being on the job everyday. The Book is often looked at as a complete guide to every situation for finding fair market value on any given Sunday... ala the world of magic pricing and magic days on the calendar. And after someone has done their first dozen of these types of tiny priced property sales, you begin to see the value of true grit experience of the person who has a high batting average using the 5-Day concepts. So maybe Realtors have a place in this world of 5-Day. Of course if the FSBO Seller views their local Realtor as they would view a horse thief or Scam man , then FSBO selling would be the only choice. It's all about making good choices in your area of the country. Isn't it? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Tuesday, June 08, 2010 2:54 PM Subject: Re: [5-DayForum] sale results in Austin TX If what you say is true..... and I'm just going along with this. Then FSBO is more appropriate and can be done fairly cheaply. I've actually been having great response from this. However, my market is flat. No free-fall prices. Everything is just going along as normal. Janet In a message dated 6/8/2010 11:58:31 A.M. Central Daylight Time, _rcutcher at austin.rr.com_ (mailto:rcutcher at austin.rr.com) writes: Hi Janet, Market taking a beating in Central Austin? Don't think so. There are 9 similar properties showing up in Travis Heights that sold this past year with similar features. Sold prices were 270K-322K. It is a very hot area of town. So what gives? Some popular theories are: (1) The Solds indicate that Spring and Fall get the best prices, especially just before the college kids arrive at the 2nd largest college in the U.S. (2) Austin Texas is becoming just like Detroit Michigan and places like Travis Heights are in an economic free fall. (3) Bill's book should be considered more of a 'look book' instead of a 'cookbook' because the Green/Eclectic/Art-Deco crowd might need just a little more than 5 days to evaluate type of shelves, the natural light, the environment friendly plants, etc, etc, etc. ( I know I am a heretic, self admitted) I sort of lean towards No. 3 with a little bit of attention to No. 1. When someone is expected to pay $300 per sq foot for a less than 900 sq ft house, usually it ain't an average family or a retired farmer. It is a very precise buyer who has probably not had the 5-Day book on the reading menu. Heck, they usually don't even prefer a bidding war. They will often get involved in a bidding war if they have a reasonable amount of time to circle the home and get every last one of their picky questions answered. And this sometimes requires at least 3 weekends to actually bond with the property (Sat and Sun only) and a 5-7 day bidding war. So tiny pricing isn't really the problem, imo. Thoughts? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: _Janetislight at aol.com_ (mailto:Janetislight at aol.com) To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Monday, June 07, 2010 1:57 PM Subject: Re: [5-DayForum] sale results in Austin TX Major Bummer is right! Has the market you are in taken a beating from the real estate fiasco? Janet In a message dated 6/7/2010 10:22:29 A.M. Central Daylight Time, _puravidawellness at gmail.com_ (mailto:puravidawellness at gmail.com) writes: I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana _______________________________________________ 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/20100610/58213a1c/attachment.html From soldtohighestbidder at gmail.com Fri Jun 11 13:59:03 2010 From: soldtohighestbidder at gmail.com (Ileana Bourland) Date: Fri, 11 Jun 2010 12:59:03 -0500 Subject: [5-DayForum] fsbo.com and mls Message-ID: Janet, You use fsbo.com and MLS. Is that right? What do you agree to pay the buyer's agent? To me, it would make a lot more sense if realtors accepted a flat commission instead of a percentage. Is it REALLY more work to sell a 500K than a 250K house? Thanks! Ileana -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100611/9d091e51/attachment.html From tomhoffman at live.com Fri Jun 11 16:40:34 2010 From: tomhoffman at live.com (Tom Hoffman) Date: Fri, 11 Jun 2010 14:40:34 -0600 Subject: [5-DayForum] fsbo.com and mls In-Reply-To: References: Message-ID: You can offer to pay the Buyer's agent whaterver you want or you can add a fee to the top sales price for an agents participation. As far a selling a more expensive house I refer higher priced homes to an agent that belongs to all of the country clubs, golfing communities etc so although the mls fees may be the same the marketing tools can be and usually are much more expensive. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax Date: Fri, 11 Jun 2010 12:59:03 -0500 From: soldtohighestbidder at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] fsbo.com and mls Janet, You use fsbo.com and MLS. Is that right? What do you agree to pay the buyer's agent? To me, it would make a lot more sense if realtors accepted a flat commission instead of a percentage. Is it REALLY more work to sell a 500K than a 250K house? Thanks! Ileana _________________________________________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100611/00d71074/attachment.html From Janetislight at aol.com Fri Jun 11 17:26:33 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 11 Jun 2010 17:26:33 EDT Subject: [5-DayForum] fsbo.com and mls Message-ID: <18828.768cda5d.39440409@aol.com> I pay the standard 3% in most cases. The work is the same no matter what the value of the property. And "through" fsbo.com, I get MLS and realtor.com listing and well as on their own web site. Now, as to the flat commission. If you were to go through a real estate agency that offers flat fee services, you can get that too. Maybe you could market those companies. Lots of them out there. I guess I'm missing exactly where you are trying to get, or maybe you want me just to but out. I can do that with no hard feelings. :) Janet In a message dated 6/11/2010 12:59:36 P.M. Central Daylight Time, soldtohighestbidder at gmail.com writes: Janet, You use _fsbo.com_ (http://fsbo.com/) and MLS. Is that right? What do you agree to pay the buyer's agent? To me, it would make a lot more sense if realtors accepted a flat commission instead of a percentage. Is it REALLY more work to sell a 500K than a 250K house? Thanks! Ileana _______________________________________________ 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/20100611/b22f3452/attachment.html From chimaera86 at gmail.com Fri Jun 11 17:33:59 2010 From: chimaera86 at gmail.com (Jason Jodway) Date: Fri, 11 Jun 2010 17:33:59 -0400 Subject: [5-DayForum] fsbo.com and mls In-Reply-To: References: Message-ID: The commission paid is entirely negotiable to either a percentage or a flat amount. The idea behind a percentage commission is that it generally falls entirely on the seller to pay the commission and so as a percentage it incentivize the listing agent to get the highest price. If the fee did not fall entirely on the seller I would bet the fee paid to the buyer's agent would change to a flat fee as a rule but this is not how it is typically done. On Fri, Jun 11, 2010 at 1:59 PM, Ileana Bourland < soldtohighestbidder at gmail.com> wrote: > Janet, > > You use fsbo.com and MLS. Is that right? What do you agree to pay the > buyer's agent? To me, it would make a lot more sense if realtors accepted a > flat commission instead of a percentage. Is it REALLY more work to sell a > 500K than a 250K house? > > Thanks! > > Ileana > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > -- Jason Jodway -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100611/8d039903/attachment.html From puravidawellness at gmail.com Fri Jun 11 17:59:21 2010 From: puravidawellness at gmail.com (Ileana Bourland) Date: Fri, 11 Jun 2010 16:59:21 -0500 Subject: [5-DayForum] fsbo.com and mls In-Reply-To: References: Message-ID: Thanks everyone for your insights on this. I'd been wondering. On Fri, Jun 11, 2010 at 4:33 PM, Jason Jodway wrote: > The commission paid is entirely negotiable to either a percentage or a flat > amount. The idea behind a percentage commission is that it generally falls > entirely on the seller to pay the commission and so as a percentage it > incentivize the listing agent to get the highest price. If the fee did not > fall entirely on the seller I would bet the fee paid to the buyer's agent > would change to a flat fee as a rule but this is not how it is typically > done. > > On Fri, Jun 11, 2010 at 1:59 PM, Ileana Bourland < > soldtohighestbidder at gmail.com> wrote: > >> Janet, >> >> You use fsbo.com and MLS. Is that right? What do you agree to pay the >> buyer's agent? To me, it would make a lot more sense if realtors accepted a >> flat commission instead of a percentage. Is it REALLY more work to sell a >> 500K than a 250K house? >> >> Thanks! >> >> Ileana >> >> _______________________________________________ >> 5-DayForum mailing list >> 5-DayForum at mailman.howtosellyourhomein5days.com >> >> http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum >> >> > > > -- > Jason Jodway > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum > > -- Ileana Bourland, MSOM LicAc Acupuncturist/Herbalist Pura Vida Wellness Center 315 E Live Oak St Austin TX 78704 tel. 512 527 3873 puravidawellness at gmail.com -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100611/325d2662/attachment.html From rcutcher at austin.rr.com Fri Jun 11 22:51:18 2010 From: rcutcher at austin.rr.com (RC Cutcher) Date: Fri, 11 Jun 2010 21:51:18 -0500 Subject: [5-DayForum] sale results in Austin TX References: <9be01.79e14e04.39428aed@aol.com> Message-ID: <003b01cb09da$21c1a350$0501a8c0@your55e5f9e3d2> Hi Janet, Thanks for such a long heart felt reply! No problems here..I just wanted your further explanation. As far as not believing 100% in Bill's system, you are right about me. Much like a few other Realtors here, I developed my own system which seems to be a steady player most weekends in the Austin area. I developed it for Realtors. But certainly I have over the years seen folks who pick and choose or do a little inventing on their own and come up with a plan that works better than Bill's strategy or mine. In the final analysis, these are just sales strategies involving the dynamic of tiny pricing. Nobody has everything figured out in the changing world of real estate. I guess that is why we come to sites like this to see some others like ourselves who have done hundreds of these type of sales. Have a great weekend! RC ----- Original Message ----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Thursday, June 10, 2010 1:37 PM Subject: Re: [5-DayForum] sale results in Austin TX RC, I by NO means disparage realtors, and I use one quite often. If I came across as bashing, then my bad. Most people search the Internet, realtor.com, etc., prior to enlisting a broker. They start kicking tires long before they decide to pull the trigger and buy. However, if something catches their eye as the tire kicking progresses, then they pick up the phone. Additionally, MLS comes with FSBO.com, which is what I use. Why I have had success with this method, is that I can reduce the price from what I would have placed it at with a realtor. Getting me $5K or more lower than competing houses, and the house is completely renovated. I did not skim the book. I read it from cover to cover, with high lighter and tabs to those places I wanted to quickly reference. I responded to your post as you stated: "3) Bill's book should be considered more of a 'look book' instead of a 'cookbook' because the Green/Eclectic/Art-Deco crowd might need just a little more than 5 days to evaluate type of shelves, the natural light, the environment friendly plants, etc, etc, etc. ( I know I am a heretic, self admitted) I sort of lean towards No. 3 with a little bit of attention to No. 1." That gave me the impression that you were no convinced of the 5-day method. If you aren't 100% convinced, it will show and the method with not work for you. Again, I apologize for any confusion. Janet In a message dated 6/10/2010 9:35:55 A.M. Central Daylight Time, rcutcher at austin.rr.com writes: Hi Janet, I guess I will have to disagree with you that FSBO selling is more appropriate and cheaper. And since you qualified your thought using my post, I am curious how you got there. Realtors can help Sellers and Buyers get to a fair market value if they do their job, and working with a Realtor will often get the highest net profit. FSBO folks are almost always limited in time and upfront costs to resolve a lot of these new issues in a soft marketplace. Also, I've noticed over the years that most people just skim the book and once in a while somebody will actually spend a month reading it, but even comprehensive reading cannot usually replace actual experience of being on the job everyday. The Book is often looked at as a complete guide to every situation for finding fair market value on any given Sunday... ala the world of magic pricing and magic days on the calendar. And after someone has done their first dozen of these types of tiny priced property sales, you begin to see the value of true grit experience of the person who has a high batting average using the 5-Day concepts. So maybe Realtors have a place in this world of 5-Day. Of course if the FSBO Seller views their local Realtor as they would view a horse thief or Scam man , then FSBO selling would be the only choice. It's all about making good choices in your area of the country. Isn't it? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Tuesday, June 08, 2010 2:54 PM Subject: Re: [5-DayForum] sale results in Austin TX If what you say is true..... and I'm just going along with this. Then FSBO is more appropriate and can be done fairly cheaply. I've actually been having great response from this. However, my market is flat. No free-fall prices. Everything is just going along as normal. Janet In a message dated 6/8/2010 11:58:31 A.M. Central Daylight Time, rcutcher at austin.rr.com writes: Hi Janet, Market taking a beating in Central Austin? Don't think so. There are 9 similar properties showing up in Travis Heights that sold this past year with similar features. Sold prices were 270K-322K. It is a very hot area of town. So what gives? Some popular theories are: (1) The Solds indicate that Spring and Fall get the best prices, especially just before the college kids arrive at the 2nd largest college in the U.S. (2) Austin Texas is becoming just like Detroit Michigan and places like Travis Heights are in an economic free fall. (3) Bill's book should be considered more of a 'look book' instead of a 'cookbook' because the Green/Eclectic/Art-Deco crowd might need just a little more than 5 days to evaluate type of shelves, the natural light, the environment friendly plants, etc, etc, etc. ( I know I am a heretic, self admitted) I sort of lean towards No. 3 with a little bit of attention to No. 1. When someone is expected to pay $300 per sq foot for a less than 900 sq ft house, usually it ain't an average family or a retired farmer. It is a very precise buyer who has probably not had the 5-Day book on the reading menu. Heck, they usually don't even prefer a bidding war. They will often get involved in a bidding war if they have a reasonable amount of time to circle the home and get every last one of their picky questions answered. And this sometimes requires at least 3 weekends to actually bond with the property (Sat and Sun only) and a 5-7 day bidding war. So tiny pricing isn't really the problem, imo. Thoughts? RC Cutcher Realtor, ABR 512-848-4449 Texas Landmark Properties 11109 Dodge Cattle Drive Austin, Tx 78717 www.RCshortsale.com RC_Cutcher at Helloworld.com The Short Sale/Foreclosure Workshop--MCE--3HRS Course No. 03-00-100-7436 TREC Provider No. 0623 Broker Price Opinion Training--MCE--2HRS Course No. 02-00-031-7967 TREC Provider No. 0623 ----- Original Message ----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Monday, June 07, 2010 1:57 PM Subject: Re: [5-DayForum] sale results in Austin TX Major Bummer is right! Has the market you are in taken a beating from the real estate fiasco? Janet In a message dated 6/7/2010 10:22:29 A.M. Central Daylight Time, puravidawellness at gmail.com writes: I thought the forum might like to know how my 5 Day Sale went in Austin TX. About the property: 2/1 in Travis Heights - a trendy neighborhood - 1 1/2 blocks away from the "SoCo" (South Congress) district. Built in 1938, 893 SF, 5045 SF lot, proposed appraisal for 2010 by Travis county appraisal district is $330,499, up $6000 from 2009. I'll definitely fight them on it this year. It has a lot of charm, but it's small. I first ran ads - but no signs - for the weekend of May 22-23. I got 18 responses, so I got in touch with everyone and postponed for this past weekend, June 5-6. I got about 60 responses (including the prior 18) and went forward with the sale. Maybe 25 people came to the open house. I had 10 bidders with the opening bid at $175,000. The final bid is $217,500. I have a hard time believing this is "true market value". I've let that bidder know that I can't accept that amount and he was very nice as everyone was. Major bummer! Thoughts? Ileana _______________________________________________ 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/20100611/183ee113/attachment.html From eimpelli at comcast.net Sat Jun 12 08:27:50 2010 From: eimpelli at comcast.net (eimpelli at comcast.net) Date: Sat, 12 Jun 2010 12:27:50 +0000 (UTC) Subject: [5-DayForum] Results of 5-Day Approach in Stone Mountain, GA (close to Atlanta) Message-ID: <1642346932.5067641276345670568.JavaMail.root@sz0127a.westchester.pa.mail.comcast.net> As I have watched the 5-day forum over the last couple months I've noticed there's not a lot of feedback for actual results when someone tries to implement this method.? Whether I was successful or not, I planned to submit my results so here it goes... I only had two weeks to be in Georgia (I came from NJ) to try to sell the house we purchased and fixed up for an investment.? My plan was to hold the sale the first weekend so I could followup with the Purchase Agreement and closing officer early the next week.? My sale for was scheduled for June 12-13, 2010. On Tuesday evening I put out about?35 signs,?posted my sale on Craigslist and on the free online version of AJC (the major Atlanta newspaper).? I received one "real" inquiry and one inquiry that was someone trying to make money by renting my house. I received one email telling me to try submitting my property to an investment company that makes offers on property, rather than listing on Craigslist. On Wednesday I put out about 10 more signs.? I received one more "real" inquiry. On Thursday I put out about 5 more signs and posted flyers in the local grocery stores and apartment buildings.? I received one more "real" inquiry.? I didn't receive any more calls. On Friday I called off the sale and spent hours picking up the signs around 10 p.m.? Most of the signs were still there.? We did have a few casualties, but there was certainly enough signs remaining that ? I would not try this method again in this type of market - at least in this area.? We're located about 1/2 hour east of Atlanta.? There's too many houses in foreclosure being bought and repaired by investors (ours included) in this area that I believe this method is not effective. I actually ran into one other sign that had the same basic wording when I was out distributing my signs.? I was going to call that person to see if they were successful, but couldn't write the phone number down in time when we were traveling through. I wish everyone else luck that tries this approach.? (That's a sincere comment.? I'm not being sarcastic.) Elizabeth -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100612/349007f6/attachment.html From Janetislight at aol.com Sat Jun 12 10:12:11 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Sat, 12 Jun 2010 10:12:11 EDT Subject: [5-DayForum] Results of 5-Day Approach in Stone Mountain, GA (close to At... Message-ID: <65221.7a3e78eb.3944efbb@aol.com> I'm sorry that you had disappointing results to your marketing campaign. It sounds like your market isn't ready for sellers yet. So many people have a mind set that anything short of a fire sale is paying too much. It's a ridiculous way of thinking hyped by the media and a few realtors. Even though your response what low, I think you did a great job of trying to get the sale going. Greatest of luck in the future with this property. I fully believe things happen for a reason, so keep your eye open for the window of opportunity that is going to come regarding this property. Janet In a message dated 6/12/2010 7:28:03 A.M. Central Daylight Time, eimpelli at comcast.net writes: As I have watched the 5-day forum over the last couple months I've noticed there's not a lot of feedback for actual results when someone tries to implement this method. Whether I was successful or not, I planned to submit my results so here it goes... I only had two weeks to be in Georgia (I came from NJ) to try to sell the house we purchased and fixed up for an investment. My plan was to hold the sale the first weekend so I could followup with the Purchase Agreement and closing officer early the next week. My sale for was scheduled for June 12-13, 2010. On Tuesday evening I put out about 35 signs, posted my sale on Craigslist and on the free online version of AJC (the major Atlanta newspaper). I received one "real" inquiry and one inquiry that was someone trying to make money by renting my house. I received one email telling me to try submitting my property to an investment company that makes offers on property, rather than listing on Craigslist. On Wednesday I put out about 10 more signs. I received one more "real" inquiry. On Thursday I put out about 5 more signs and posted flyers in the local grocery stores and apartment buildings. I received one more "real" inquiry. I didn't receive any more calls. On Friday I called off the sale and spent hours picking up the signs around 10 p.m. Most of the signs were still there. We did have a few casualties, but there was certainly enough signs remaining that I would not try this method again in this type of market - at least in this area. We're located about 1/2 hour east of Atlanta. There's too many houses in foreclosure being bought and repaired by investors (ours included) in this area that I believe this method is not effective. I actually ran into one other sign that had the same basic wording when I was out distributing my signs. I was going to call that person to see if they were successful, but couldn't write the phone number down in time when we were traveling through. I wish everyone else luck that tries this approach. (That's a sincere comment. I'm not being sarcastic.) Elizabeth _______________________________________________ 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/20100612/66c8785e/attachment.html From tomhoffman at live.com Sat Jun 12 11:59:29 2010 From: tomhoffman at live.com (Tom Hoffman) Date: Sat, 12 Jun 2010 09:59:29 -0600 Subject: [5-DayForum] Results of 5-Day Approach in Stone Mountain, GA (close to At... In-Reply-To: <65221.7a3e78eb.3944efbb@aol.com> References: <65221.7a3e78eb.3944efbb@aol.com> Message-ID: I too am sorry Elizabeth that you did not get better results. I know the book talks about not doing the sale if you do not get enough calls before the inspection days but I think this is a mistake in this market. The sale can be cancelled at any time prior to accepting a contract. I have done sales in which the number of initial calls was not adequate and what I thought was a poor turnout but one person who showed up and was called later in the week bought the property at a fair price to them and the seller. Had the sale not continued I would not have had the names and numbers to call. Just food for thought. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax From: Janetislight at aol.com Date: Sat, 12 Jun 2010 10:12:11 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Results of 5-Day Approach in Stone Mountain, GA (close to At... I'm sorry that you had disappointing results to your marketing campaign. It sounds like your market isn't ready for sellers yet. So many people have a mind set that anything short of a fire sale is paying too much. It's a ridiculous way of thinking hyped by the media and a few realtors. Even though your response what low, I think you did a great job of trying to get the sale going. Greatest of luck in the future with this property. I fully believe things happen for a reason, so keep your eye open for the window of opportunity that is going to come regarding this property. Janet In a message dated 6/12/2010 7:28:03 A.M. Central Daylight Time, eimpelli at comcast.net writes: As I have watched the 5-day forum over the last couple months I've noticed there's not a lot of feedback for actual results when someone tries to implement this method. Whether I was successful or not, I planned to submit my results so here it goes... I only had two weeks to be in Georgia (I came from NJ) to try to sell the house we purchased and fixed up for an investment. My plan was to hold the sale the first weekend so I could followup with the Purchase Agreement and closing officer early the next week. My sale for was scheduled for June 12-13, 2010. On Tuesday evening I put out about 35 signs, posted my sale on Craigslist and on the free online version of AJC (the major Atlanta newspaper). I received one "real" inquiry and one inquiry that was someone trying to make money by renting my house. I received one email telling me to try submitting my property to an investment company that makes offers on property, rather than listing on Craigslist. On Wednesday I put out about 10 more signs. I received one more "real" inquiry. On Thursday I put out about 5 more signs and posted flyers in the local grocery stores and apartment buildings. I received one more "real" inquiry. I didn't receive any more calls. On Friday I called off the sale and spent hours picking up the signs around 10 p.m. Most of the signs were still there. We did have a few casualties, but there was certainly enough signs remaining that I would not try this method again in this type of market - at least in this area. We're located about 1/2 hour east of Atlanta. There's too many houses in foreclosure being bought and repaired by investors (ours included) in this area that I believe this method is not effective. I actually ran into one other sign that had the same basic wording when I was out distributing my signs. I was going to call that person to see if they were successful, but couldn't write the phone number down in time when we were traveling through. I wish everyone else luck that tries this approach. (That's a sincere comment. I'm not being sarcastic.) Elizabeth _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100612/32f86f1c/attachment.html From skyhighplanning at gmail.com Sat Jun 12 12:03:13 2010 From: skyhighplanning at gmail.com (SKY HIGH) Date: Sat, 12 Jun 2010 12:03:13 -0400 Subject: [5-DayForum] Results of 5-Day Approach in Stone Mountain, GA (close to Atlanta) In-Reply-To: <1642346932.5067641276345670568.JavaMail.root@sz0127a.westchester.pa.mail.comcast.net> References: <1642346932.5067641276345670568.JavaMail.root@sz0127a.westchester.pa.mail.comcast.net> Message-ID: <15790475-AD41-4F6D-B369-AEFC6409DFBE@gmail.com> Elizabeth, It's unfortunate your sale was unsuccessfull. I think it's very important to keep in mind that the real estate market throughout the country is dynamic. Some areas have values increasing somewhat while others still are experiencing decrease in values. I have seen similar experiences with other Investors. You may have purchased with the idea of reselling for a profit. Although, the price may seem low when you purchase it's very important to keep in mind your exit strategy and after repair values before you close on the purchase. I believe either the ARV that you calculated may have been high or the marketing to generate the crowd you need may not have been sufficient. This method should work as long as the marketing is strong and the expectations are reasonable. There are Foreclosures all over that will bring down values but you have to find ways to deal with it. Include Foreclosures sold and listed in your comparables when calculating current market value. It is also a good idea to sell for a bit less than full market value since there is so much inventory. I hope you will find a solution soon so you can move on. Feel free to contact me if you need any help. To your success, Carlos A. Chica Sky High Planning, Inc. Real Estate Investment & Solutions Co 7380 Sand Lake Rd. #500 Orlando, FL 32819 Office: (407) 352-3220 Fax: (407) 738-4816 Cell: (646) 552-0107 skyhighplanning at gmail.com Coming Soon: www.SKYHIGHPLANNING.com "It's kind of Fun to do the Impossible" - Walt Disney On Jun 12, 2010, at 8:27 AM, eimpelli at comcast.net wrote: > As I have watched the 5-day forum over the last couple months I've > noticed there's not a lot of feedback for actual results when > someone tries to implement this method. Whether I was successful or > not, I planned to submit my results so here it goes... > > > > I only had two weeks to be in Georgia (I came from NJ) to try to > sell the house we purchased and fixed up for an investment. My plan > was to hold the sale the first weekend so I could followup with the > Purchase Agreement and closing officer early the next week. > > > > My sale for was scheduled for June 12-13, 2010. > > > > On Tuesday evening I put out about 35 signs, posted my sale on > Craigslist and on the free online version of AJC (the major Atlanta > newspaper). I received one "real" inquiry and one inquiry that was > someone trying to make money by renting my house. I received one > email telling me to try submitting my property to an investment > company that makes offers on property, rather than listing on > Craigslist. > > > > On Wednesday I put out about 10 more signs. I received one more > "real" inquiry. > > > > On Thursday I put out about 5 more signs and posted flyers in the > local grocery stores and apartment buildings. I received one more > "real" inquiry. I didn't receive any more calls. > > > > On Friday I called off the sale and spent hours picking up the signs > around 10 p.m. Most of the signs were still there. We did have a > few casualties, but there was certainly enough signs remaining that > > I would not try this method again in this type of market - at least > in this area. We're located about 1/2 hour east of Atlanta. > There's too many houses in foreclosure being bought and repaired by > investors (ours included) in this area that I believe this method is > not effective. > > I actually ran into one other sign that had the same basic wording > when I was out distributing my signs. I was going to call that > person to see if they were successful, but couldn't write the phone > number down in time when we were traveling through. > > > > I wish everyone else luck that tries this approach. (That's a > sincere comment. I'm not being sarcastic.) > > > > Elizabeth > > _______________________________________________ > 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/20100612/ab37b01b/attachment.html From ronnie at romancustomhomes.com Sun Jun 13 20:13:45 2010 From: ronnie at romancustomhomes.com (RONNIE ANDERSON) Date: Sun, 13 Jun 2010 19:13:45 -0500 Subject: [5-DayForum] please remove me from this email!!! Message-ID: Please remove me from this email list!!! It is filling my inbox From brianmann57 at comcast.net Mon Jun 7 09:08:00 2010 From: brianmann57 at comcast.net (Brian Mann) Date: Mon, 7 Jun 2010 09:08:00 -0400 Subject: [5-DayForum] Sale in Moraga, CA (SF area) References: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> Message-ID: <9102B16AC1DE484AAEF8399040C1F402@brian884gb6hla> This is my first post to a forum and hope that it is the correct method. Michelle, please get two lenders in to your OPEN HOUSE weekend. One that is a "hard money lender" and the other FHA 203k lender. Advertise it as such. It should increase your pool of buyers to retail buyers that would not have these resources available. ----- Original Message ----- From: michaela graham To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Saturday, June 05, 2010 11:44 PM Subject: [5-DayForum] Sale in Moraga, CA (SF area) Hey, everyone, I'm holding my first sale next weekend. There are some things that I have tweaked for my market: It's pretty high end and most buyers use agents. There are about 5-6 major realtors, with about 200 agents, specializing in the surrounding area. So, we're protecting agents and have made flyers and invited all of the agents. Several have already called and confirmed that they have buyers that might be very interested. It's a fixer-upper in an area that normally doesn't have fixer-uppers. In fact there aren't any vacant lots ever, so I have builders interested in buying for tear-down. Due to it being a fixer-upper it will need to be a cash buyer. Starting price is 349,500, real value about right now 500K. houses on the street are in the 800-900K range. Since it's an unusual property that would be in high demand by the right people, but not for the average home buyer, I felt it important to include the agents to have the widest possible response. We've also advertised in craigslist, but without address. People had to contact me to get the actual address. I created a website with the basics and I'm giving the address to those contacting me. www.1066larch.com and so far I've had 42 interests from craigslist. Sale is Sat + sun 10am-2pm and calls will start at 5pm. If anybody in the area is interested in helping me as a greeter I would certainly welcome it. My partner may be there some of the time, but maybe not both days. I'll keep you informed. ------------------------------------------------------------------------------ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. Learn more. ------------------------------------------------------------------------------ _______________________________________________ 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/20100607/0bc4045a/attachment.html From rob.kristof at sbcglobal.net Mon Jun 7 11:54:13 2010 From: rob.kristof at sbcglobal.net (Rob Kristof) Date: Mon, 7 Jun 2010 08:54:13 -0700 (PDT) Subject: [5-DayForum] where is the best place to place your ad Message-ID: <782569.12958.qm@web81306.mail.mud.yahoo.com> just trying to find out where the best place to put my ad for dallas tx to conduct my 5 day sale. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100607/c7af5d9e/attachment.html From rob.kristof at sbcglobal.net Mon Jun 7 13:02:58 2010 From: rob.kristof at sbcglobal.net (Rob Kristof) Date: Mon, 7 Jun 2010 10:02:58 -0700 (PDT) Subject: [5-DayForum] placing the ad. dallas tx Message-ID: <457834.7088.qm@web81303.mail.mud.yahoo.com> In the past where is the best place to place your ad in Dallas tx.? just wanting to know where there most effective place to place your ad. ? ? Robert Kristof -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100607/faf69e8d/attachment.html From invitations at boxbe.com Tue Jun 8 12:37:24 2010 From: invitations at boxbe.com (Tommy Tucker) Date: Tue, 8 Jun 2010 09:37:24 -0700 (PDT) Subject: [5-DayForum] Tommy Tucker invites you to use Boxbe Message-ID: <1819250357.39931889.1276015044182.JavaMail.prod@app002.boxbe.com> I'd like to share approved contacts with you on Boxbe Here's the link: https://www.boxbe.com/register?tc=3132358099_2071020951 -Tommy This message was sent at the request of tuckerslimited at gmail.com. If you want to opt-out of invitations from Boxbe members, use this link: https://www.boxbe.com/unsubscribe?email=5-dayforum at mailman.howtosellyourhomein5days.com&tc=3132358099_2071020951 Boxbe, Inc. | 2390 Chestnut Street #201 | San Francisco, CA 94123 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100608/ff47f65a/attachment.html From kevins at npgco.com Tue Jun 8 13:21:12 2010 From: kevins at npgco.com (Kevin Smith) Date: Tue, 8 Jun 2010 12:21:12 -0500 Subject: [5-DayForum] Pricing for sale this weekend In-Reply-To: <928554.6866.qm@web63408.mail.re1.yahoo.com> References: <928554.6866.qm@web63408.mail.re1.yahoo.com> Message-ID: "Low ball" price is the new "fair market" price. I bought a home for $60k three years ago then put $30k in repairs into it and sold it for $120k. A year later it was foreclosed upon by the lender and I bought it a second time for $65k. I've never seen anything like this in my short span of existence, but with fewer buyers in the pool, the tax credit expired, and banks still fidgety, I fear this is just where we are going to be for a while. Former values mean very little in this climate. Kevin _____ From: 5-dayforum-bounces+kevins=npgco.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+kevins=npgco.com at mailman.howtosellyourhomein5days .com] On Behalf Of Pete Skram Sent: Tuesday, June 08, 2010 9:03 AM To: How To Sell Your Home in 5-Days Subject: [5-DayForum] Pricing for sale this weekend With all of the bouncing around in the market - I'm not sure how we should price our house for our 5 day sale. The house next store to us was competely gutted and sold for $350 about 2 months ago. It was 4B/3B - 1 car garage - small yard - only living room and eat-in kitchen for living space. Our house is 5B/4B - 2 car garage - private drive - larger fended in yard - LR/DR/Kitchen/Family room plus office. Paid $312K - 5 years ago - put about $70k into it - but also split the double lot into 2 separate parcels (so there is value in the land that we now own free and clear). It was appraised about $380K - 1.5 years ago (after the lot split). We're hoping to be in the $350 range for the sale. Is there a point of going too low? We were thinking $219,500 - b/c we don't want people to think it's a foreclosure and only attract low ballers that can't/won't afford more. Or do we go under $200K - just to make sure we get a lot of people? I don't want to do all of this work and end up like Leana - with a low ball finish. We're looking forward to a sucessful sale. Any advice?!? Thanks! Cheryl - -- On Mon, 6/7/10, Riyan Ziady wrote: From: Riyan Ziady Subject: Re: [5-DayForum] the unsellable...need advice To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Monday, June 7, 2010, 2:28 PM Thanks Rosemarie. I'll keep everyone updated... _____ From: rosemarie-fred at mindspring.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Fri, 4 Jun 2010 23:40:48 -0400 Subject: Re: [5-DayForum] the unsellable...need advice Since you are selling this as an investment property, you might have more luck advertising through your local REIA. You may find someone there with cash or who can get some through private lenders. The 5-day sale really works best (I think) for people selling their own home to buyers who want it for their own home. I may be mistaken.If your buyer gets the house inspected and it needs a new roof, you may need to discount it even more. Have you considered getting a property manager and hanging on to it? If the ROI is as good as you say. I would think it might be worth hiring someone to manage it so you can attend to your life. Then, who knows, the market may pick up again. Your comments as far as a fault in "the system" are discussed in great detail and repeatedly on this forum - check the archives. I wish you good luck with your house - keep us updated. Rosemarie ----- Original Message ----- From: Riyan Ziady To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Wednesday, June 02, 2010 12:08 PM Subject: [5-DayForum] the unsellable...need advice Hi all, I've bought the book, signed up on the forum and now need some advice. This is my situation.... 5 1/2 years ago, I bought a duplex in a rough part of Denver near some major redevelopment activity (shopping malls, major sports complex, office, retail etc...). The redevelopment has stalled due to the economy and values have dropped precipitously in my area. I paid $155k and have seen three comparable sales (condition and property type) in the area around $100 to $115 in the last year, so I have a good feeling that prices are around that range currently. I owe $125k on the property but would gladly sell at a loss to get out of it. My rate is resetting and I just don't have the time to manage it with a young family and work. I listed the property for sale late 2007 via the conventional route, but have had no takers over the last three years. My concern is that by going the 5 day route, I will only get bids in the $50k to $70k range due to lack of interest in the area in general and people hoping to simply get a "deal". After all, people who respond to auctions are in fact deal seekers who don't want to pay market value. Unless I'm missing something, this is a shortcoming of the process. Explanation? Also, how can I be sure that I will truly get a market price when I can't be sure that my marketing has reached my entire target audience? Another shortcoming? If that "one" person is not reached, then is your market price set? On page 264 of the book, Effros seems to contradict himself when he says "the 5-day method does not pretend to tell you what your home is "worth" - it only tells you the most you can get for it on a given day that you have selected". If that's the case, then what is the point? My broker who is a great guy has offered to execute the process for me (for the same fee of course, which is fine with me). He suggested that putting the auction on MLS could possibly generate huge interest. Any thoughts? Lastly, the roof is not pretty. I've not replaced it because mechanically there are no problems with it (doesn't leak or cause problems), but it looks horrible. Three layers and badly worn. Per my understanding from the book, I shouldn't replace it. Other than that, the property in in good shape and very clean. Advice on the roof? It should be an attractive investment. Cash flows $1,300/mo and at $100k to $115k, that's an 11% to 12% yield. I don't understand why it doesn't generate interest. I've had brokers tell me that its a function of buyers not being able to obtain investment property financing. Thoughts? Thank for any advice... R _____ The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. _____ _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _____ The New Busy think 9 to 5 is a cute idea. Combine multiple calendars with Hotmail. Get busy. -----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/20100608/2ee08f59/attachment.html From brianmann57 at comcast.net Thu Jun 10 11:39:38 2010 From: brianmann57 at comcast.net (Brian Mann) Date: Thu, 10 Jun 2010 11:39:38 -0400 Subject: [5-DayForum] sale results in Austin TX In-Reply-To: References: , <189651.98618.qm@web63402.mail.re1.yahoo.com> Message-ID: <1D9F311091A14D27936DAA53C58D2144@brian884gb6hla> This is my second attempt to join the forum and do not know if it correct or if the first attempt got through. To 1066larch, please get a hard money lender and an FHA 203k lender to attend your open house. Advertise that they will be there as well. "Financing for Investors and Fix Up available" In your ads. _____ From: 5-dayforum-bounces+brianmann57=comcast.net at mailman.howtosellyourhomein5days. com [mailto:5-dayforum-bounces+brianmann57=comcast.net at mailman.howtosellyourhome in5days.com] On Behalf Of michaela graham Sent: Thursday, June 10, 2010 11:31 AM To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela _____ Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors. I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. The way I explained it is in the whole scheme of things - it's all coming out of the same big pot - it doesn't matter which bucket it comes from. In our case to keep the bidding process fair and simple, the best thing for her to do is have the buyers calculate and deduct the realtor fee. So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k. That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee) - and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think it's a deal. She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her. As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what I would do. Good luck Michaela - how is it going so far? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela _____ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _____ The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100610/d0c34727/attachment.html From bbarrington12 at aol.com Thu Jun 10 14:51:20 2010 From: bbarrington12 at aol.com (bbarrington12 at aol.com) Date: Thu, 10 Jun 2010 14:51:20 -0400 (EDT) Subject: [5-DayForum] (no subject) Message-ID: <8CCD6E50CFC4DAA-18C-EB3@webmail-d026.sysops.aol.com> I would really like to be off this list. Thanks, Brad -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100610/c717a962/attachment.html From invitations at boxbe.com Fri Jun 11 12:38:56 2010 From: invitations at boxbe.com (Tommy Tucker) Date: Fri, 11 Jun 2010 09:38:56 -0700 (PDT) Subject: [5-DayForum] Tommy Tucker requests anonymous contacts sharing Message-ID: <404513776.42785006.1276274336490.JavaMail.prod@app002.boxbe.com> Hi, Last chance! Just a reminder, Tommy would like to share approved contacts with you on Boxbe. Use this link: https://www.boxbe.com/register?tc=3179772934_12496752 This message was sent at the request of tuckerslimited at gmail.com. If you want to opt-out of invitations from Boxbe members, use this link: https://www.boxbe.com/unsubscribe?email=5-dayforum at mailman.howtosellyourhomein5days.com&tc=3179772934_12496752 Boxbe, Inc. | 2390 Chestnut Street #201 | San Francisco, CA 94123 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100611/9bcafff7/attachment.html From CarolBriskin at q.com Fri Jun 11 15:38:40 2010 From: CarolBriskin at q.com (CarolBriskin) Date: Fri, 11 Jun 2010 12:38:40 -0700 Subject: [5-DayForum] Phoenix 5-day sale Message-ID: Dear members, I'm in the phoenix area and am planning to do a 5 day sale next week. I'd love to connect to anyone in my area who has some experience and knows where I should do my advertising (besides the Arizona Republic and Craig's list). Just hearing from someone would be great! Thanks so much- Carol Briskin (480)970-3944 CarolBriskin at q.com -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100611/8c4ab84f/attachment.html From CarolBriskin at q.com Fri Jun 11 16:33:25 2010 From: CarolBriskin at q.com (CarolBriskin) Date: Fri, 11 Jun 2010 13:33:25 -0700 Subject: [5-DayForum] 5 day sale in Phoenix Message-ID: Has anyone on this list done a 5 day sale in the Phoenix area? I've got a home in Tempe that I'm selling next week. I'd love to know the best places to advertise besides the Arizona Republic and Craig's list. I'd also just like to speak to someone who's done this! Thanks so much- Carol Briskin CarolBriskin at q.com -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100611/052f1750/attachment.html From rosemarie-fred at mindspring.com Mon Jun 14 11:40:44 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Mon, 14 Jun 2010 11:40:44 -0400 Subject: [5-DayForum] Sale in Moraga, CA (SF area) References: <4BA18ACE889A48EB88340FD7515B9D8C@gammer> <9102B16AC1DE484AAEF8399040C1F402@brian884gb6hla> Message-ID: I had suggested this same thing to Bill some years ago and he said not to do that - it muddies the waters and makes it look as if you are working for the mortgage company I know some investors who do this, and then sell the names of the buyers to realtors and mortgage brokers - not very nice. Since this is your first post, let me just add that we generally tend to treat the book as the gospel (according to St. Bill?) and most variants are just that. Most of them have been tried and the results of those efforts can be found in the archives. Welcome to the group! Rosemarie ----- Original Message ----- From: Brian Mann To: How To Sell Your Home in 5-Days Sent: Monday, June 07, 2010 9:08 AM Subject: Re: [5-DayForum] Sale in Moraga, CA (SF area) This is my first post to a forum and hope that it is the correct method. Michelle, please get two lenders in to your OPEN HOUSE weekend. One that is a "hard money lender" and the other FHA 203k lender. Advertise it as such. It should increase your pool of buyers to retail buyers that would not have these resources available. ----- Original Message ----- From: michaela graham To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Saturday, June 05, 2010 11:44 PM Subject: [5-DayForum] Sale in Moraga, CA (SF area) Hey, everyone, I'm holding my first sale next weekend. There are some things that I have tweaked for my market: It's pretty high end and most buyers use agents. There are about 5-6 major realtors, with about 200 agents, specializing in the surrounding area. So, we're protecting agents and have made flyers and invited all of the agents. Several have already called and confirmed that they have buyers that might be very interested. It's a fixer-upper in an area that normally doesn't have fixer-uppers. In fact there aren't any vacant lots ever, so I have builders interested in buying for tear-down. Due to it being a fixer-upper it will need to be a cash buyer. Starting price is 349,500, real value about right now 500K. houses on the street are in the 800-900K range. Since it's an unusual property that would be in high demand by the right people, but not for the average home buyer, I felt it important to include the agents to have the widest possible response. We've also advertised in craigslist, but without address. People had to contact me to get the actual address. I created a website with the basics and I'm giving the address to those contacting me. www.1066larch.com and so far I've had 42 interests from craigslist. Sale is Sat + sun 10am-2pm and calls will start at 5pm. If anybody in the area is interested in helping me as a greeter I would certainly welcome it. My partner may be there some of the time, but maybe not both days. I'll keep you informed. ---------------------------------------------------------------------------- Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100614/dec8380d/attachment.html From peteskram at yahoo.com Mon Jun 14 12:52:55 2010 From: peteskram at yahoo.com (Pete Skram) Date: Mon, 14 Jun 2010 09:52:55 -0700 (PDT) Subject: [5-DayForum] sale results in Austin TX In-Reply-To: Message-ID: <894717.58146.qm@web63407.mail.re1.yahoo.com> How did your sale go? ? Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 10:31 AM Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors.? I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. ? The way I explained it is? in the whole scheme of things -?it's all coming out of the same big pot?- it?doesn't matter which bucket it comes from.? ? In?our case to keep the bidding process?fair and simple, the best thing for her to do is have the?buyers?calculate and deduct the realtor fee.? So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k.? That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee)?- and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think? it's a deal.?She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her.? As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what?I would do. ? ? Good luck Michaela - how is it going so far?? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". ? Cheryl ? --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM #yiv1825944262 .ExternalClass #ecxyiv217801710 .ecxhmmessage P {padding:0px;} #yiv1825944262 .ExternalClass #ecxyiv217801710 .ecxhmmessage {font-size:10pt;font-family:Verdana;} RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. -----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/20100614/6bbc1812/attachment.html From varinia61 at hotmail.com Mon Jun 14 12:59:02 2010 From: varinia61 at hotmail.com (michaela graham) Date: Mon, 14 Jun 2010 12:59:02 -0400 Subject: [5-DayForum] sale results in Austin TX In-Reply-To: <894717.58146.qm@web63407.mail.re1.yahoo.com> References: , <894717.58146.qm@web63407.mail.re1.yahoo.com> Message-ID: well, we had a very specialized property, not for the 'faint of heart' or owner-occupant. A major fixer upper or even tear-down. So, we did targeted advertising. We ended up with 6 bidders and are supposed to sign a contract. We didn't get what we'd hoped for, but we're ok with what we're getting. We got the house as a very good deal and we're making good profit. And it's a cash sale, that's supposed to close in 10 days. So, we'll see. How about yours? Michaela Date: Mon, 14 Jun 2010 09:52:55 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX How did your sale go? Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 10:31 AM Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors. I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. The way I explained it is in the whole scheme of things - it's all coming out of the same big pot - it doesn't matter which bucket it comes from. In our case to keep the bidding process fair and simple, the best thing for her to do is have the buyers calculate and deduct the realtor fee. So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k. That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee) - and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think it's a deal. She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her. As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what I would do. Good luck Michaela - how is it going so far? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100614/61654fb3/attachment.html From peteskram at yahoo.com Mon Jun 14 13:20:44 2010 From: peteskram at yahoo.com (Pete Skram) Date: Mon, 14 Jun 2010 10:20:44 -0700 (PDT) Subject: [5-DayForum] sale results in Austin TX In-Reply-To: Message-ID: <656593.92551.qm@web63406.mail.re1.yahoo.com> We had about 40 people come through.? 24 bidders. Went from 7pm - 11pm last night.? Supposed to finish bidding tonight with the remaining 2 bidders.? Long day - long week! :) ? ? --- On Mon, 6/14/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Monday, June 14, 2010, 11:59 AM well, we had a very specialized property, not for the 'faint of heart' or owner-occupant. A major fixer upper or even tear-down. So, we did targeted advertising. We ended up with 6 bidders and are supposed to sign a contract. We didn't get what we'd hoped for, but we're ok with what we're getting. We got the house as a very good deal and we're making good profit. And it's a cash sale, that's supposed to close in 10 days. So, we'll see. How about yours? Michaela Date: Mon, 14 Jun 2010 09:52:55 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX How did your sale go? ? Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 10:31 AM #yiv743924630 .ExternalClass #ecxyiv1825944262 .ecxhmmessage P {padding:0px;} #yiv743924630 .ExternalClass #ecxyiv1825944262 .ecxhmmessage {font-size:10pt;font-family:Verdana;} Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors.? I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. ? The way I explained it is? in the whole scheme of things -?it's all coming out of the same big pot?- it?doesn't matter which bucket it comes from.? ? In?our case to keep the bidding process?fair and simple, the best thing for her to do is have the?buyers?calculate and deduct the realtor fee.? So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k.? That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee)?- and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think? it's a deal.?She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her.? As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what?I would do. ? ? Good luck Michaela - how is it going so far?? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". ? Cheryl ? --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM #yiv743924630 .ExternalClass #ecxyiv1825944262 .ecxExternalClass #ecxecxyiv217801710 .ecxecxhmmessage P {padding:0px;} #yiv743924630 .ExternalClass #ecxyiv1825944262 .ecxExternalClass #ecxecxyiv217801710 .ecxecxhmmessage {font-size:10pt;font-family:Verdana;} RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----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/20100614/2261d9ef/attachment.html From t_schenck at hotmail.com Mon Jun 14 14:12:11 2010 From: t_schenck at hotmail.com (Tony Schenck) Date: Mon, 14 Jun 2010 14:12:11 -0400 Subject: [5-DayForum] sale results in Austin TX In-Reply-To: <656593.92551.qm@web63406.mail.re1.yahoo.com> References: , <656593.92551.qm@web63406.mail.re1.yahoo.com> Message-ID: Good going, Michaela and Cheryl --Sounds like a couple of "by the book" successes! Janet - a quick update for you re: the Newberry, SC antique (a Freddie Mac property). Freddie just lowered the price to 139.9 from 159.9 (I seem to remember the book mentioning slow dutch auction). In the meantime, my private lender backed away, so I must find a replacement. Tony Schenck Date: Mon, 14 Jun 2010 10:20:44 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX We had about 40 people come through. 24 bidders. Went from 7pm - 11pm last night. Supposed to finish bidding tonight with the remaining 2 bidders. Long day - long week! :) --- On Mon, 6/14/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Monday, June 14, 2010, 11:59 AM well, we had a very specialized property, not for the 'faint of heart' or owner-occupant. A major fixer upper or even tear-down. So, we did targeted advertising. We ended up with 6 bidders and are supposed to sign a contract. We didn't get what we'd hoped for, but we're ok with what we're getting. We got the house as a very good deal and we're making good profit. And it's a cash sale, that's supposed to close in 10 days. So, we'll see. How about yours? Michaela Date: Mon, 14 Jun 2010 09:52:55 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX How did your sale go? Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 10:31 AM Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors. I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. The way I explained it is in the whole scheme of things - it's all coming out of the same big pot - it doesn't matter which bucket it comes from. In our case to keep the bidding process fair and simple, the best thing for her to do is have the buyers calculate and deduct the realtor fee. So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k. That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee) - and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think it's a deal. She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her. As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what I would do. Good luck Michaela - how is it going so far? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum The New Busy is not the old busy. Search, chat and e-mail from your inbox. Get started. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -----Inline Attachment Follows----- _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100614/cd28d11e/attachment.html From Janetislight at aol.com Mon Jun 14 15:22:13 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Mon, 14 Jun 2010 15:22:13 EDT Subject: [5-DayForum] sale results in Austin TX Message-ID: <3cdef.23ef02a1.3947db65@aol.com> Surprise, surprise on the price reduction. Good luck on your private money. I am starting to transition into multi-family housing. So, may not be on the list much longer. However, if I hear of residential money, I'll let you know! Janet In a message dated 6/14/2010 1:13:07 P.M. Central Daylight Time, t_schenck at hotmail.com writes: Good going, Michaela and Cheryl --Sounds like a couple of "by the book" successes! Janet - a quick update for you re: the Newberry, SC antique (a Freddie Mac property). Freddie just lowered the price to 139.9 from 159.9 (I seem to remember the book mentioning slow dutch auction). In the meantime, my private lender backed away, so I must find a replacement. Tony Schenck ____________________________________ Date: Mon, 14 Jun 2010 10:20:44 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX We had about 40 people come through. 24 bidders. Went from 7pm - 11pm last night. Supposed to finish bidding tonight with the remaining 2 bidders. Long day - long week! :) --- On Mon, 6/14/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Monday, June 14, 2010, 11:59 AM well, we had a very specialized property, not for the 'faint of heart' or owner-occupant. A major fixer upper or even tear-down. So, we did targeted advertising. We ended up with 6 bidders and are supposed to sign a contract. We didn't get what we'd hoped for, but we're ok with what we're getting. We got the house as a very good deal and we're making good profit. And it's a cash sale, that's supposed to close in 10 days. So, we'll see. How about yours? Michaela ____________________________________ Date: Mon, 14 Jun 2010 09:52:55 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX How did your sale go? Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 10:31 AM Cheryl, your 'super meanie' is a real estate investor - it's clear from the wordings you mentioned. So, I wouldn't count on him too much, unless you're willing to let your property be a deal. In regards to my situation - we're doing a variation and are not following the book exactly. We bought the house 2 months ago and I started advertising in craiglist (without address) advertising an open house (That was before I had the book). We had a boarder who was supposed to be out, but decided that he would overstay his welcome, contrary to our agreement with him. So, we had to postpone and go through the whole 30day notice and eviction thing. The first round of ads got me 31 responses. Since this is a fixer-upper in an area that doesn't have fixer-uppers, there's quite a bit of interest. And since it's not by owner-occupants, I don't suppose we lost much in that time. The 2nd round got me another 21 people. I've brought flyers to 250 agents that are specializing in this area. My partner has a big list of rehabbers in the area and he sent emails to them. I sent emails to the architects in the area, in case they have a client that's interested in rehabbing or doing new contruction in the neighborhood (there aren't any vacant lots in the area either, so some are interested in it as a tear down) And I had set up a website with more details: www.1066larch.com So, now we'll have to see what happens this weekend. Good luck to you Michaela ____________________________________ Date: Thu, 10 Jun 2010 08:17:24 -0700 From: peteskram at yahoo.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] sale results in Austin TX I agree there is a place for realtors. I had a realtor call yesterday and I said the realtor was absolutely welcome to bring her clients this weekend. The way I explained it is in the whole scheme of things - it's all coming out of the same big pot - it doesn't matter which bucket it comes from. In our case to keep the bidding process fair and simple, the best thing for her to do is have the buyers calculate and deduct the realtor fee. So if the buyers have a budget of $103k - than they would stop their bidding at $100k - which would take care of their budget + 3% commission and still land them at $103k. That way we don't have to deal with calculating a realtor fee into the bidding (versus no realtor fee) - and the buyer still has the opportunity to get a deal within their budget and stop when they want to or when they no longer think it's a deal. She emailed me back - so it sounds like she's coming - which I hope means that logic made sense to her. As a buyer, I would also think that this would give them the opportunity to negotiate a flat rate with the realtor - saying let's just pick a number so we're not recalculating the fee every round - but that is just what I would do. Good luck Michaela - how is it going so far? I have to tally again - but I think I have about 33 calls/emails so far. 1 super "meanie". Cheryl --- On Thu, 6/10/10, michaela graham wrote: From: michaela graham Subject: Re: [5-DayForum] sale results in Austin TX To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thursday, June 10, 2010, 9:52 AM RC I agree. I decided to invite all the realtors in this area, because I expect the extra buyers to bring the bidding up by more than the 3% commission, that I'll end up having to pay. It's also that they will bring in more serious buyers, as they wouldn't waste their time to bring over people that aren't in the market or just don't have the ability to buy. I guess I'll find out this weekend Michaela ____________________________________ Hotmail is redefining busy with tools for the New Busy. 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Search, chat and e-mail from your inbox. _Get started._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3) = _______________________________________________ 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/20100614/c96cb644/attachment.html From dean at peytonia.com Thu Jun 17 00:06:20 2010 From: dean at peytonia.com (Dean Peyton) Date: Wed, 16 Jun 2010 21:06:20 -0700 (PDT) Subject: [5-DayForum] Anyone know best advertising in Dallas? Message-ID: <446506.65053.qm@web180315.mail.gq1.yahoo.com> There seems to be few real estate ads in the printed Dallas News or any of the "shoppers" I have picked up.? Has anyone ever tried www.whymls.com? thanks?? dean -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100616/06042c7b/attachment.html From dean at peytonia.com Thu Jun 17 00:20:04 2010 From: dean at peytonia.com (Dean Peyton) Date: Wed, 16 Jun 2010 21:20:04 -0700 (PDT) Subject: [5-DayForum] how do you access the archives? Message-ID: <486143.72418.qm@web180315.mail.gq1.yahoo.com> new to the forum, but see people refer to earlier information in the archives.? where is that? thanks dean -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100616/d140a642/attachment.html From jaeslife at msn.com Tue Jun 15 12:51:14 2010 From: jaeslife at msn.com (m y) Date: Tue, 15 Jun 2010 09:51:14 -0700 Subject: [5-DayForum] please remove me from this email!!! In-Reply-To: References: Message-ID: Please & Thank you. _________________________________________________________________ Game on: Challenge friends to great games on Messenger http://go.microsoft.com/?linkid=9734387 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100615/c09b3d23/attachment.html From carolamyd at hotmail.com Thu Jun 17 09:04:29 2010 From: carolamyd at hotmail.com (carol dion) Date: Thu, 17 Jun 2010 09:04:29 -0400 Subject: [5-DayForum] how do you access the archives? In-Reply-To: <486143.72418.qm@web180315.mail.gq1.yahoo.com> References: <486143.72418.qm@web180315.mail.gq1.yahoo.com> Message-ID: I have the same question - how do you access the archives by topic?? Thanks so much! Date: Wed, 16 Jun 2010 21:20:04 -0700 From: dean at peytonia.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: [5-DayForum] how do you access the archives? new to the forum, but see people refer to earlier information in the archives. where is that? thanks dean _________________________________________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100617/60f62247/attachment.html From lbresnan at verizon.net Fri Jun 18 14:37:17 2010 From: lbresnan at verizon.net (Liza Bresnan) Date: Fri, 18 Jun 2010 14:37:17 -0400 Subject: [5-DayForum] if highest bid too low Message-ID: <16C1788C-F3DB-462E-A693-63C46F87B9C3@verizon.net> hello, I'm thinking of using this method to sell my house. I get it about telling everyone none of the bids are binding. My question is, if the highest bid is too low for me, doesn't the bidder have the bidder get upset. The ad does say I will sell to the highest bidder. Is that not binding? or at the very least, not honest? thanks Liza From polcatrep at yahoo.com Sun Jun 20 08:58:15 2010 From: polcatrep at yahoo.com (polcatrep paicely) Date: Sun, 20 Jun 2010 05:58:15 -0700 (PDT) Subject: [5-DayForum] 'North Carolina' Message-ID: <986521.28400.qm@web35903.mail.mud.yahoo.com> Hello All, ? I love the idea of the 5-day sale.? However, I have heard from a few sources that an Auctioneers license is necessary.? They say that since it uses a method that is very, very similar to an auction you can not do this in North Carolina without having a license to conduct auctions.? ? Is there anyone that has used this in North Carolina?? Or that knows how to get around the 'Auction license' problem? ? Regards, ? Roland Paicely -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100620/254f1254/attachment.html From polcatrep at yahoo.com Sun Jun 20 09:11:56 2010 From: polcatrep at yahoo.com (polcatrep paicely) Date: Sun, 20 Jun 2010 06:11:56 -0700 (PDT) Subject: [5-DayForum] 'North Carolina' Message-ID: <416205.21593.qm@web35908.mail.mud.yahoo.com> Hello All, ? I want to use this method to sell a house.? However, I have heard from a number of people that I can't do this in North Carolina without a license.? Apparently, it is considered an auction.? And to conduct an auction in North Carolina I need a license.? Is this true/accurate?? ? Who has done this in North Carolina or who knows how to get around the 'license' problem? ? Thanks................Roland -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100620/15c489ae/attachment.html From SueKhalil at aol.com Mon Jun 21 22:18:36 2010 From: SueKhalil at aol.com (SueKhalil at aol.com) Date: Mon, 21 Jun 2010 22:18:36 EDT Subject: [5-DayForum] Sale in Moraga, CA (SF area) Message-ID: <22591.66a34dc5.3951777c@aol.com> Hi Did anyone do a 5-day sale in orange county California? what is the best way to advertise ? Hope you can share your ideas with me, I have a Beach front condominium in Huntington beach with Ocean white water, crashing waves and sunset views, would like to hold my open house on July 10 and July 11, where to advertise? thanks everyone. Sue In a message dated 6/14/2010 8:41:30 A.M. Pacific Daylight Time, rosemarie-fred at mindspring.com writes: I had suggested this same thing to Bill some years ago and he said not to do that - it muddies the waters and makes it look as if you are working for the mortgage company I know some investors who do this, and then sell the names of the buyers to realtors and mortgage brokers - not very nice. Since this is your first post, let me just add that we generally tend to treat the book as the gospel (according to St. Bill?) and most variants are just that. Most of them have been tried and the results of those efforts can be found in the archives. Welcome to the group! Rosemarie ----- Original Message ----- From: _Brian Mann_ (mailto:brianmann57 at comcast.net) To: _How To Sell Your Home in 5-Days_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Monday, June 07, 2010 9:08 AM Subject: Re: [5-DayForum] Sale in Moraga, CA (SF area) This is my first post to a forum and hope that it is the correct method. Michelle, please get two lenders in to your OPEN HOUSE weekend. One that is a "hard money lender" and the other FHA 203k lender. Advertise it as such. It should increase your pool of buyers to retail buyers that would not have these resources available. ----- Original Message ----- From: _michaela graham_ (mailto:varinia61 at hotmail.com) To: _5-dayforum at mailman.howtosellyourhomein5days.com_ (mailto:5-dayforum at mailman.howtosellyourhomein5days.com) Sent: Saturday, June 05, 2010 11:44 PM Subject: [5-DayForum] Sale in Moraga, CA (SF area) Hey, everyone, I'm holding my first sale next weekend. There are some things that I have tweaked for my market: It's pretty high end and most buyers use agents. There are about 5-6 major realtors, with about 200 agents, specializing in the surrounding area. So, we're protecting agents and have made flyers and invited all of the agents. Several have already called and confirmed that they have buyers that might be very interested. It's a fixer-upper in an area that normally doesn't have fixer-uppers. In fact there aren't any vacant lots ever, so I have builders interested in buying for tear-down. Due to it being a fixer-upper it will need to be a cash buyer. Starting price is 349,500, real value about right now 500K. houses on the street are in the 800-900K range. Since it's an unusual property that would be in high demand by the right people, but not for the average home buyer, I felt it important to include the agents to have the widest possible response. We've also advertised in craigslist, but without address. People had to contact me to get the actual address. I created a website with the basics and I'm giving the address to those contacting me. www.1066larch.com and so far I've had 42 interests from craigslist. Sale is Sat + sun 10am-2pm and calls will start at 5pm. If anybody in the area is interested in helping me as a greeter I would certainly welcome it. My partner may be there some of the time, but maybe not both days. I'll keep you informed. ____________________________________ Hotmail has tools for the New Busy. Search, chat and e-mail from your inbox. _Learn more._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_1) ____________________________________ _______________________________________________ 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/20100621/cdfcdfbe/attachment.html From bill at effros.com Thu Jun 24 10:02:29 2010 From: bill at effros.com (Bill Effros) Date: Thu, 24 Jun 2010 10:02:29 -0400 Subject: [5-DayForum] 'North Carolina' In-Reply-To: <416205.21593.qm@web35908.mail.mud.yahoo.com> References: <416205.21593.qm@web35908.mail.mud.yahoo.com> Message-ID: <4C236575.9010104@effros.com> You can use the method once a year without an auctioneer's license in NC. Look in the archives several years ago for "Peter Thorn" or call him ((888) 387-0156 ?). Bill Effros Author polcatrep paicely wrote: > Hello All, > > I want to use this method to sell a house. However, I have heard from > a number of people that I can't do this in North Carolina without a > license. Apparently, it is considered an auction. And to conduct an > auction in North Carolina I need a license. Is this true/accurate? > > Who has done this in North Carolina or who knows how to get around the > 'license' problem? > > Thanks................Roland > > > ------------------------------------------------------------------------ > > _______________________________________________ > 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/20100624/29713b13/attachment.html From rosemarie-fred at mindspring.com Thu Jun 24 12:33:06 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Thu, 24 Jun 2010 12:33:06 -0400 Subject: [5-DayForum] 'North Carolina' References: <986521.28400.qm@web35903.mail.mud.yahoo.com> Message-ID: <5A4C7299CA3A4392A18CED6F0DB1B5A2@rosemarifv6onv> I have done this in NC - no problem. I am very careful about not calling it an auction. Where are you? Maybe I could help. Rosemarie (in Charlotte) ----- Original Message ----- From: polcatrep paicely To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Sunday, June 20, 2010 8:58 AM Subject: [5-DayForum] 'North Carolina' Hello All, I love the idea of the 5-day sale. However, I have heard from a few sources that an Auctioneers license is necessary. They say that since it uses a method that is very, very similar to an auction you can not do this in North Carolina without having a license to conduct auctions. Is there anyone that has used this in North Carolina? Or that knows how to get around the 'Auction license' problem? Regards, Roland Paicely ------------------------------------------------------------------------------ _______________________________________________ 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/20100624/c9739b5c/attachment.html From bill at effros.com Thu Jun 24 13:01:41 2010 From: bill at effros.com (Bill Effros) Date: Thu, 24 Jun 2010 13:01:41 -0400 Subject: [5-DayForum] 'North Carolina' In-Reply-To: <5A4C7299CA3A4392A18CED6F0DB1B5A2@rosemarifv6onv> References: <986521.28400.qm@web35903.mail.mud.yahoo.com> <5A4C7299CA3A4392A18CED6F0DB1B5A2@rosemarifv6onv> Message-ID: <4C238F75.3000500@effros.com> Get in touch with Rosemarie! She knows the 5-Day Method. She knows North Carolina. Peter hasn't been on this list in years. Bill Effros Author Rosemarie Belcher wrote: > I have done this in NC - no problem. I am very careful about not > calling it an auction. Where are you? Maybe I could help. > Rosemarie (in Charlotte) > > ----- Original Message ----- > *From:* polcatrep paicely > *To:* 5-dayforum at mailman.howtosellyourhomein5days.com > > *Sent:* Sunday, June 20, 2010 8:58 AM > *Subject:* [5-DayForum] 'North Carolina' > > Hello All, > > I love the idea of the 5-day sale. However, I have heard from a > few sources that an Auctioneers license is necessary. They say > that since it uses a method that is very, very similar to an > auction you can not do this in North Carolina without having a > license to conduct auctions. > > Is there anyone that has used this in North Carolina? Or that > knows how to get around the 'Auction license' problem? > > Regards, > > Roland Paicely > > > ------------------------------------------------------------------------ > _______________________________________________ > 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/20100624/114f17dd/attachment.html From polcatrep at yahoo.com Thu Jun 24 13:30:44 2010 From: polcatrep at yahoo.com (polcatrep paicely) Date: Thu, 24 Jun 2010 10:30:44 -0700 (PDT) Subject: [5-DayForum] 'North Carolina' In-Reply-To: <5A4C7299CA3A4392A18CED6F0DB1B5A2@rosemarifv6onv> Message-ID: <288722.31973.qm@web35902.mail.mud.yahoo.com> Hello Rosemarie, ? I? am in Raleigh.?? How was your experience with it?.................Roland ? --- On Thu, 6/24/10, Rosemarie Belcher wrote: From: Rosemarie Belcher Subject: Re: [5-DayForum] 'North Carolina' To: "How To Sell Your Home in 5-Days" <5-dayforum at mailman.howtosellyourhomein5days.com> Date: Thursday, June 24, 2010, 12:33 PM I have done this in NC - no problem. I am very careful about not calling it an auction. Where are you? Maybe I could help. Rosemarie (in Charlotte) ----- Original Message ----- From: polcatrep paicely To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Sunday, June 20, 2010 8:58 AM Subject: [5-DayForum] 'North Carolina' Hello All, ? I love the idea of the 5-day sale.? However, I have heard from a few sources that an Auctioneers license is necessary.? They say that since it uses a method that is very, very similar to an auction you can not do this in North Carolina without having a license to conduct auctions.? ? Is there anyone that has used this in North Carolina?? Or that knows how to get around the 'Auction license' problem? ? Regards, ? Roland Paicely _______________________________________________ 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/20100624/8a5a43d3/attachment.html From rosemarie-fred at mindspring.com Thu Jun 24 14:30:08 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Thu, 24 Jun 2010 14:30:08 -0400 Subject: [5-DayForum] if highest bid too low References: <16C1788C-F3DB-462E-A693-63C46F87B9C3@verizon.net> Message-ID: <095AF79608324188A694BA7182F8C885@rosemarifv6onv> We have a go-round about this quite regularly. Bill - willl you please address this in the next edition of your book? You can look in the archives for all the past comments, arguments, etc. The bottom line is, no contract, no deal. No damage done to anyone. How does your highest bidder know they are the highest bidder? The actual highest bidder might really be your mortgage holder - that's how much they will have to pay for it if it forecloses. Or it might be you - you will continue to pay that mortgage, won't you? So you are, in a real sense, bidding that much. In reality, my eperience was that I needed $140,000 to sell a house. The bidding was at $120,000. It was 11 pm on Sunday night and I was exhausted. The bids were inching up by $500 - 2 people left. I told them both I was too tired to continue. The following day I called each of them and explained that I needed $140,000, and one of them stepped up. I think the overnight solidified the emotional attachment to the house. Anyway, people understand that you have to get a certain amount, but don't say it, or think it! Then it sounds like a reserve, which sounds like an auction - better not go there. Good luck with your sale. Rosemarie ----- Original Message ----- From: "Liza Bresnan" To: <5-dayforum at howtosellyourhomein5days.com> Sent: Friday, June 18, 2010 2:37 PM Subject: [5-DayForum] if highest bid too low > > hello, I'm thinking of using this method to sell my house. I get it > about telling everyone none > of the bids are binding. My question is, if the highest bid is too low > for me, doesn't the bidder have > the bidder get upset. The ad does say I will sell to the highest > bidder. Is that not binding? or at the > very least, not honest? > thanks > Liza > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum From newsletters at triad.rr.com Thu Jun 24 16:13:03 2010 From: newsletters at triad.rr.com (newsletters at triad.rr.com) Date: Thu, 24 Jun 2010 16:13:03 -0400 Subject: [5-DayForum] 'North Carolina' In-Reply-To: <5A4C7299CA3A4392A18CED6F0DB1B5A2@rosemarifv6onv> Message-ID: <20100624201303.A1PCJ.38872.root@hrndva-web20-z01> Rosemarie, I am thinking of offering this as a service in North Carolina, so is there a limit if I do not call it an auction? Bob ---- Rosemarie Belcher wrote: > I have done this in NC - no problem. I am very careful about not calling it an auction. Where are you? Maybe I could help. > Rosemarie (in Charlotte) > ----- Original Message ----- > From: polcatrep paicely > To: 5-dayforum at mailman.howtosellyourhomein5days.com > Sent: Sunday, June 20, 2010 8:58 AM > Subject: [5-DayForum] 'North Carolina' > > > Hello All, > > I love the idea of the 5-day sale. However, I have heard from a few sources that an Auctioneers license is necessary. They say that since it uses a method that is very, very similar to an auction you can not do this in North Carolina without having a license to conduct auctions. > > Is there anyone that has used this in North Carolina? Or that knows how to get around the 'Auction license' problem? > > Regards, > > Roland Paicely > > > > > ------------------------------------------------------------------------------ > > > _______________________________________________ > 5-DayForum mailing list > 5-DayForum at mailman.howtosellyourhomein5days.com > http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum From bill at effros.com Thu Jun 24 17:03:49 2010 From: bill at effros.com (Bill Effros) Date: Thu, 24 Jun 2010 17:03:49 -0400 Subject: [5-DayForum] Do These Guys Have This Right? Message-ID: <4C23C835.9030608@effros.com> Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100624/375cb305/attachment.html From nkhouri at cfl.rr.com Thu Jun 24 17:17:08 2010 From: nkhouri at cfl.rr.com (Naji) Date: Thu, 24 Jun 2010 17:17:08 -0400 Subject: [5-DayForum] Do These Guys Have This Right? In-Reply-To: <4C23C835.9030608@effros.com> References: <4C23C835.9030608@effros.com> Message-ID: This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays What a bunch of crooks!!! Solution: 1 7 7 6 _____ From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5da ys.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100624/14172db6/attachment.html From jamesfleming.realestate at gmail.com Thu Jun 24 21:43:49 2010 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: [5-DayForum] Do These Guys Have This Right? In-Reply-To: References: <4C23C835.9030608@effros.com> Message-ID: <027201cb1407$dcbd9650$9638c2f0$@gmail.com> It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays What a bunch of crooks!!! Solution: 1 7 7 6 _____ From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5da ys.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100624/2deb7490/attachment.html From tomhoffman at live.com Thu Jun 24 22:21:52 2010 From: tomhoffman at live.com (Tom Hoffman) Date: Thu, 24 Jun 2010 20:21:52 -0600 Subject: [5-DayForum] Do These Guys Have This Right? In-Reply-To: <027201cb1407$dcbd9650$9638c2f0$@gmail.com> References: <4C23C835.9030608@effros.com>, , <027201cb1407$dcbd9650$9638c2f0$@gmail.com> Message-ID: Another travesty is the process these banks put potential buyers through to purchase these properties. The 5 day sale system is truly a blessing. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax From: jamesfleming.realestate at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: Re: [5-DayForum] Do These Guys Have This Right? It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays? What a bunch of crooks!!! Solution: 1 7 7 6 From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author _________________________________________________________________ The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. http://www.windowslive.com/campaign/thenewbusy?tile=multiaccount&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_4 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100624/a499a07b/attachment.html From Janetislight at aol.com Fri Jun 25 12:50:12 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 25 Jun 2010 12:50:12 EDT Subject: [5-DayForum] Do These Guys Have This Right? Message-ID: <1f21f.16e8e005.39563844@aol.com> Yes, this is absolutely right Bill. And it is infuriating. This was language that was added in negotiations by the GOP. The history of Goldman Sachs is.... well not pleasant. This is just one way that taxpayers are unwittingly paying for the bail out and resurrection choice banks. Sometimes it's just better not to know... Janet In a message dated 6/24/2010 9:25:39 P.M. Central Daylight Time, tomhoffman at live.com writes: Another travesty is the process these banks put potential buyers through to purchase these properties. The 5 day sale system is truly a blessing. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax ____________________________________ From: jamesfleming.realestate at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: Re: [5-DayForum] Do These Guys Have This Right? It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays? What a bunch of crooks!!! Solution: 1 7 7 6 ____________________________________ From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? _http://www.youtube.com/watch?v=ssl5yb7FewA_ (http://www.youtube.com/watch?v=ssl5yb7FewA) Bill Effros Author ____________________________________ The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. _Get busy._ (http://www.windowslive.com/campaign/thenewbusy?tile=multiaccount&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_4) = _______________________________________________ 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/20100625/c851bb18/attachment.html From t_schenck at hotmail.com Fri Jun 25 18:54:56 2010 From: t_schenck at hotmail.com (Tony Schenck) Date: Fri, 25 Jun 2010 18:54:56 -0400 Subject: [5-DayForum] Do These Guys Have This Right? In-Reply-To: <1f21f.16e8e005.39563844@aol.com> References: <1f21f.16e8e005.39563844@aol.com> Message-ID: GOP? I'm experiencing a bit of disconnect. I know the Republicans are "The Stupid Party", but why would they tweak up such lushly fraudulent a conveyance to donkey team fatcats like Soros (moveon.org), John Paulson (HUGE Goldman dem donor), Chris Flowers (who used to handle Norm Corzine's money)? Best regards, Tony Schenck From: Janetislight at aol.com Date: Fri, 25 Jun 2010 12:50:12 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Do These Guys Have This Right? Yes, this is absolutely right Bill. And it is infuriating. This was language that was added in negotiations by the GOP. The history of Goldman Sachs is.... well not pleasant. This is just one way that taxpayers are unwittingly paying for the bail out and resurrection choice banks. Sometimes it's just better not to know... Janet In a message dated 6/24/2010 9:25:39 P.M. Central Daylight Time, tomhoffman at live.com writes: Another travesty is the process these banks put potential buyers through to purchase these properties. The 5 day sale system is truly a blessing. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax From: jamesfleming.realestate at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: Re: [5-DayForum] Do These Guys Have This Right? It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays? What a bunch of crooks!!! Solution: 1 7 7 6 From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. Get busy. = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2 -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100625/4a47da5f/attachment.html From Janetislight at aol.com Fri Jun 25 19:16:10 2010 From: Janetislight at aol.com (Janetislight at aol.com) Date: Fri, 25 Jun 2010 19:16:10 EDT Subject: [5-DayForum] Do These Guys Have This Right? Message-ID: <381ee.3f3ff670.395692ba@aol.com> I meant nothing political by putting in GOP. Just stating a fact that it was one of the many lines added to the democratic solution to get them to vote for it. Just stating how it got in there. Janet In a message dated 6/25/2010 5:55:20 P.M. Central Daylight Time, t_schenck at hotmail.com writes: GOP? I'm experiencing a bit of disconnect. I know the Republicans are "The Stupid Party", but why would they tweak up such lushly fraudulent a conveyance to donkey team fatcats like Soros (moveon.org), John Paulson (HUGE Goldman dem donor), Chris Flowers (who used to handle Norm Corzine's money)? Best regards, Tony Schenck ____________________________________ From: Janetislight at aol.com Date: Fri, 25 Jun 2010 12:50:12 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Do These Guys Have This Right? Yes, this is absolutely right Bill. And it is infuriating. This was language that was added in negotiations by the GOP. The history of Goldman Sachs is.... well not pleasant. This is just one way that taxpayers are unwittingly paying for the bail out and resurrection choice banks. Sometimes it's just better not to know... Janet In a message dated 6/24/2010 9:25:39 P.M. Central Daylight Time, tomhoffman at live.com writes: Another travesty is the process these banks put potential buyers through to purchase these properties. The 5 day sale system is truly a blessing. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax ____________________________________ From: jamesfleming.realestate at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: Re: [5-DayForum] Do These Guys Have This Right? It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays? What a bunch of crooks!!! Solution: 1 7 7 6 ____________________________________ From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? _http://www.youtube.com/watch?v=ssl5yb7FewA_ (http://www.youtube.com/watch?v=ssl5yb7FewA) Bill Effros Author ____________________________________ The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. _Get busy._ (http://www.windowslive.com/campaign/thenewbusy?tile=multiaccount&ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_4) = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum ____________________________________ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. _See how._ (http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_2) = _______________________________________________ 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/20100625/29499a29/attachment.html From jamesfleming.realestate at gmail.com Fri Jun 25 19:16:58 2010 From: jamesfleming.realestate at gmail.com (James Fleming) Date: Fri, 25 Jun 2010 16:16:58 -0700 Subject: [5-DayForum] Do These Guys Have This Right? In-Reply-To: References: <1f21f.16e8e005.39563844@aol.com> Message-ID: <052201cb14bc$83422b30$89c68190$@gmail.com> Good point .this was truly a bi-partisan scheme. Jim F. ? 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 Tony Schenck Sent: Friday, June 25, 2010 3:55 PM To: Janet 5-Day System Subject: Re: [5-DayForum] Do These Guys Have This Right? GOP? I'm experiencing a bit of disconnect. I know the Republicans are "The Stupid Party", but why would they tweak up such lushly fraudulent a conveyance to donkey team fatcats like Soros (moveon.org), John Paulson (HUGE Goldman dem donor), Chris Flowers (who used to handle Norm Corzine's money)? Best regards, Tony Schenck _____ From: Janetislight at aol.com Date: Fri, 25 Jun 2010 12:50:12 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Do These Guys Have This Right? Yes, this is absolutely right Bill. And it is infuriating. This was language that was added in negotiations by the GOP. The history of Goldman Sachs is.... well not pleasant. This is just one way that taxpayers are unwittingly paying for the bail out and resurrection choice banks. Sometimes it's just better not to know... Janet In a message dated 6/24/2010 9:25:39 P.M. Central Daylight Time, tomhoffman at live.com writes: Another travesty is the process these banks put potential buyers through to purchase these properties. The 5 day sale system is truly a blessing. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax _____ From: jamesfleming.realestate at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: Re: [5-DayForum] Do These Guys Have This Right? It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays What a bunch of crooks!!! Solution: 1 7 7 6 _____ From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5da ys.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author _____ The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. Get busy. = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _____ Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. -------------- next part -------------- An HTML attachment was scrubbed... URL: http://mailman.howtosellyourhomein5days.com/pipermail/5-dayforum/attachments/20100625/84bf395d/attachment.html From rosemarie-fred at mindspring.com Fri Jun 25 19:19:59 2010 From: rosemarie-fred at mindspring.com (Rosemarie Belcher) Date: Fri, 25 Jun 2010 19:19:59 -0400 Subject: [5-DayForum] Do These Guys Have This Right? References: <1f21f.16e8e005.39563844@aol.com> Message-ID: <49F78083FBF54F78A9D40F4CC79BD1BB@rosemarifv6onv> I have had this video come to my email a few times - it just leaves me feeling angry and helpless. The homeowner ends up with the judgement deficiency and the bank already got its money! GRRRR! Who has the power to change this? oes anyone know? If we could find out we should all start a letter-writing and telephone campaign. Rosemarie ----- Original Message ----- From: Janetislight at aol.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Sent: Friday, June 25, 2010 12:50 PM Subject: Re: [5-DayForum] Do These Guys Have This Right? Yes, this is absolutely right Bill. And it is infuriating. This was language that was added in negotiations by the GOP. The history of Goldman Sachs is.... well not pleasant. This is just one way that taxpayers are unwittingly paying for the bail out and resurrection choice banks. Sometimes it's just better not to know... Janet In a message dated 6/24/2010 9:25:39 P.M. Central Daylight Time, tomhoffman at live.com writes: Another travesty is the process these banks put potential buyers through to purchase these properties. The 5 day sale system is truly a blessing. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax ---------------------------------------------------------------------------- From: jamesfleming.realestate at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: Re: [5-DayForum] Do These Guys Have This Right? It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays? What a bunch of crooks!!! Solution: 1 7 7 6 ---------------------------------------------------------------------------- From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author ---------------------------------------------------------------------------- The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. Get busy. = _______________________________________________ 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/20100625/72054aa0/attachment.html From t_schenck at hotmail.com Fri Jun 25 19:28:47 2010 From: t_schenck at hotmail.com (Tony Schenck) Date: Fri, 25 Jun 2010 19:28:47 -0400 Subject: [5-DayForum] Do These Guys Have This Right? In-Reply-To: <381ee.3f3ff670.395692ba@aol.com> References: <381ee.3f3ff670.395692ba@aol.com> Message-ID: What piece of legislation are we talking about here? That would help me... I thought the deal was structured by the FDIC or maybe some other czar, Treasury group, Fed, what have you. Tony From: Janetislight at aol.com Date: Fri, 25 Jun 2010 19:16:10 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Do These Guys Have This Right? I meant nothing political by putting in GOP. Just stating a fact that it was one of the many lines added to the democratic solution to get them to vote for it. Just stating how it got in there. Janet In a message dated 6/25/2010 5:55:20 P.M. Central Daylight Time, t_schenck at hotmail.com writes: GOP? I'm experiencing a bit of disconnect. I know the Republicans are "The Stupid Party", but why would they tweak up such lushly fraudulent a conveyance to donkey team fatcats like Soros (moveon.org), John Paulson (HUGE Goldman dem donor), Chris Flowers (who used to handle Norm Corzine's money)? Best regards, Tony Schenck From: Janetislight at aol.com Date: Fri, 25 Jun 2010 12:50:12 -0400 To: 5-dayforum at mailman.howtosellyourhomein5days.com Subject: Re: [5-DayForum] Do These Guys Have This Right? Yes, this is absolutely right Bill. And it is infuriating. This was language that was added in negotiations by the GOP. The history of Goldman Sachs is.... well not pleasant. This is just one way that taxpayers are unwittingly paying for the bail out and resurrection choice banks. Sometimes it's just better not to know... Janet In a message dated 6/24/2010 9:25:39 P.M. Central Daylight Time, tomhoffman at live.com writes: Another travesty is the process these banks put potential buyers through to purchase these properties. The 5 day sale system is truly a blessing. Tom Hoffman-Broker/Owner Top Priority Realty, LLC 720-540-7800 720-540-7876 fax From: jamesfleming.realestate at gmail.com To: 5-dayforum at mailman.howtosellyourhomein5days.com Date: Thu, 24 Jun 2010 18:43:49 -0700 Subject: Re: [5-DayForum] Do These Guys Have This Right? It is an absolute travesty. Even in non-recourse states where borrowers generally are not pressured to sign notes for unpaid balances on 1sts, they often are pressured to sign notes for unpaid balances on 2nds. Again, an absolute travesty! Jim F ? 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 Naji Sent: Thursday, June 24, 2010 2:17 PM To: 'How To Sell Your Home in 5-Days' Subject: Re: [5-DayForum] Do These Guys Have This Right? This is exactly why the Short Sale process has gone from a complete stand still a little over 1 ? years ago to a breeze nowadays? What a bunch of crooks!!! Solution: 1 7 7 6 From: 5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com [mailto:5-dayforum-bounces+nkhouri=cfl.rr.com at mailman.howtosellyourhomein5days.com] On Behalf Of Bill Effros Sent: Thursday, June 24, 2010 5:04 PM To: 5-DayForum Subject: [5-DayForum] Do These Guys Have This Right? Somebody sent this to me today. Do these guys have it right? http://www.youtube.com/watch?v=ssl5yb7FewA Bill Effros Author The New Busy is not the too busy. Combine all your e-mail accounts with Hotmail. Get busy. = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum Hotmail is redefining busy with tools for the New Busy. Get more from your inbox. See how. = _______________________________________________ 5-DayForum mailing list 5-DayForum at mailman.howtosellyourhomein5days.com http://mailman.howtosellyourhomein5days.com/mailman/listinfo.cgi/5-dayforum _________________________________________________________________ The New Busy is not the old busy. Search, chat and e-mail from your inbox. http://www.windowslive.com/campaign/thenewbusy?ocid=PID28326::T:WLMTAGL:ON:WL:en-US:WM_HMP:042010_3 -------------- next part -------------- An HTML attachment was scrubbed... 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