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How to Sell Your Home in 5 Days: Third Edition Paperback – Mar 25 2007
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From the Back Cover
It's time to change the way you think about selling your home. How to Sell Your Home in 5 Days is an innovative alternative that makes the market work for you, whether you're selling a house, a condominium, or a co-op apartment, whether in a seller's market or a buyer's market. Follow the 5-Day Method and take charge of your real estate future—Sell your home in 5 days, Get the best possible price, Save thousands of dollars in broker's fees and commissions, and Spare yourself months—if not years—of costly aggravation, disruption, and disappointment.
About the Author
Most Helpful Customer Reviews on Amazon.com (beta)
The 5 day auction raised interest, brought in lots more prospects, and we close the sale next week!!!
I have seen this work in strong, hot markets. When you're located in slow market in the country where foreclosures and short sales are ruling the day, this method is a waste of time. I've read several other reviews glorifying how it works, but too many buyers have an expectation that the home should be low and so I don't believe this is a viable strategy for the market.
Again, well written book, I just don't think the material is applicable. I actually recommend How to Sell Your Home in Any Market by Loren Keim. Another strong read but better information.
We had over 70 people visit and 49 people bidding. However, they were all bottom feeders hoping to finally own a home (they could not afford it before). So our bidding ended at a way below the market price - we know b/c we were able to sell it 20% higher later through a regular sale! What a waste of time and energy! I wish I can have my money back for the book - btw, if you check out the forum that the book's author started online - pretty much everyone is failing to sell. I advise not to bother with this - it is a scam - and the author just keeps repeating himself like a broken record now and says to everyone who fails - "I guess you do not want to hear what the market price is for your home".
What the book doesn't tell you is that that half of the people who leave a bid don't answer their phone when you call for the Round Robin. Actually 3/4 of them didn't. It was VERY frustrating! Of the 10 high bidders, only 2 answered. And the highest bidder flaked out right away (after we had called twice, she finally called us back).
Changes I'd make:
-The advertising price. List it at 1/2 of what it's worth? You attract a ton of people that way, sure, but most of them don't have the means or are just looking for a huge bargain. This is a waste of time for you and for them. I'd put it slightly higher to at least try to weed out some people who aren't interested at all in going over listed price.
- Round Robin starting time is 8pm on Sunday night. But you ended your open house at 5pm. Why the 3 hour lag? It only took us about an hour to organize all of the bids and get ready for the calls. You're tired after talking to a hundred people and want to get on with it. The initial round of calls took about and hour and a half and we didn't end until 11pm. I'd start earlier.
- Save money on advertising by doing it all online myself.