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How to Sell Your Home in 5 Days: Third Edition Paperback – Mar 25 2007

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Product Details

  • Paperback: 309 pages
  • Publisher: Workman Publishing Company; 3 edition (March 25 2007)
  • Language: English
  • ISBN-10: 0761146814
  • ISBN-13: 978-0761146810
  • Product Dimensions: 21.5 x 2 x 27.5 cm
  • Shipping Weight: 635 g
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #585,039 in Books (See Top 100 in Books)
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Product Description

From the Back Cover

Say Good-Bye to Real Estate "Business-As-Usual"

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

Bill Effros has helped thousands of homeowners use his five-day plan to sell their houses. He is a computer consultant and president of Personal Computer Services, and lives in Greenwich, Connecticut.

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Most Helpful Customer Reviews on (beta) HASH(0xa0cb9360) out of 5 stars 50 reviews
23 of 25 people found the following review helpful
HASH(0xa1ccf420) out of 5 stars Auctioned a home I could sell. May 9 2007
By Rags - Published on
Format: Paperback Verified Purchase
I hehab houses and finished one TOO nice in a run down area. On the market for six months and had tried everything including a Realtor listing! Everyone liked it but we could get no one in that araa that could qualify for a mortgage.

The 5 day auction raised interest, brought in lots more prospects, and we close the sale next week!!!
30 of 34 people found the following review helpful
HASH(0xa1ccf66c) out of 5 stars Underprice the home as a strategy? May 11 2009
By Barry Arthur - Published on
Format: Paperback
While this book is an easy read and has some good information in it, one of the primary concepts the author, Effros, uses to try to get a home sold is the "auction" effect. Basically, WAY underprice the home and hope that several people realize that the price is very low and everybody bids the price up to a reasonable level.

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.
22 of 26 people found the following review helpful
HASH(0xa1ccf8ac) out of 5 stars Outdated, not for cool market and not for Massachusetts June 1 2009
By Patrycja E. Missiuro - Published on
Format: Paperback Verified Purchase
My husband and I decided to try to sell our house based on the 5-day method. We live in Cambridge, MA. It is Spring 2009, the market has cooled but it is still not too bad. Well, we followed the book cover to cover - with an awful result at the end. We advertised in the paper with 0 responses, on craigslist with ~10 responses (craigslist is flooded with real estate ads and frankly, most buyers in MA use agents b/c they have no time to browse craigslist) and we ran around the whole Boston putting fliers up (20 responses).

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".
13 of 15 people found the following review helpful
HASH(0xa1ccfa50) out of 5 stars Worked like a charm Jan. 18 2008
By Larry Colgrove Jr. - Published on
Format: Paperback
I bought this book in 2003 and used it to sell a rental house. At the time there were 5 or 6 other homes for sale on the same small street. I sold mine in 5 days while the others languished on the market (because they were over-priced) for months. Definitely recommended reading.
5 of 5 people found the following review helpful
HASH(0xa1ccfe1c) out of 5 stars We sold our place last night! It works! July 21 2014
By Shay Kent - Published on
Format: Paperback
We read the book and thought, "We can do that!" We just sold our condo last night! We followed the book exactly. We advertised at $149,500 OBO and got $280,500! Right on par with what other units are going for in our area. We wasted nearly $1000 on putting ads in the newspapers. It only generated 2 people! Everyone else saw the listing on Zillow (free) and Craigslist (free) and the signs I picked up at Home Depot for $16.

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.