Books : How to Sell Your Home in 5 Days: Second Edition
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In association with Amazon.com
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by: Bill G. Effros
Binding: Paperback
Dewey Decimal Number: 333.3383
EAN: 9780761109600
ISBN: 0761109609
Label: Workman Publishing Company
Manufacturer: Workman Publishing Company
Number Of Items: 1
Number Of Pages: 260
Publication Date: April 01, 1998
Publisher: Workman Publishing Company
Sales Rank: 381488
Studio: Workman Publishing Company
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Editorial Review:
Product Description:
First published in 1993, How to Sell Your House in 5 Days outlined an inspired plan for homeowners to handle the sale of their own houses, and it went back to press 5 times for a total of 65,000 copies in print. But in that time, the author, Bill G. Effros, did two things to make a new edition both desirable and necessary--he personally helped hundreds of sellers a year use the 5-Day Method successfully, and in the process of doing so, he refined and revised his original system.
There's still nothing else like it. Based on the one basic truth of free enterprise--that your home is worth exactly what the highest bidder will pay for it--this better way will enable every seller to make more money in less time with no risk. The step-by-step plan shows exactly how to price your home, write an effective ad, use buyer psychology, and conduct round-robin bidding. But now in the second edition are: more in-depth descriptions of different types of buyers; additional steps to take to prepare a home for sale; a new 'What If' troubleshooting guide; detailed instructions for conducting an open house; a new chapter on closing sales; a new chapter for buyers bidding on 5-day sales; a chapter debunking home-selling myths, such as why the season doesn't matter; and an updated chapter on transferring ownership.
Amazon.com Review:
Homeowners who are determined to sell their houses without agents, but who have no time to waste, may want to try the unusual approach detailed in How to Sell Your Home in 5 Days. After many months of failing to sell his house through an agent, author Bill Effros quickly and successfully auctioned it off. He since has sold several houses that way and helped others do the same. This involves placing Wednesday newspaper ads announcing that the home will be shown on the weekend and sold to the highest bidder on Sunday night. Daring as this sounds, Effros has a technique for handling the round robin bidding to elicit a bona fide offer at fair market value. Not for everyone, maybe, but a fascinating lesson in the mechanics and psychology of making an efficient market for a house or anything else. --Barry Mitzman
Customer Reviews
Average Rating: 
Rating:  - Sorry, but I find the information useless. Utterly useless.
The book proposes an auction method. The method doesn't require bidders to put any "skin in the game."
For starters, the process doesn't qualify prospective buyers at all. It would be more effective if potential bidders were required to, for starters, purchase an auction packet. The packet would contain detailed information about the property such as a Survey, a Title Insurance binder or commitment, et al. Price the packet at $25 and you'll know that the person who bought it is interested ... Read More
Rating: - where will this work?
I had great hopes for this. Ran ads as they said and it costs us hundreds!
Not one called and not one person showed! Total waste of time and money. I'd like to know where this really works!
Rating:  - Concept is gold. Just don't get your hopes up.
The concept of this book makes great sense. However...
POINT 1: First and foremost, ask yourself this VITAL question: When you ACCURATELY describe where you live (as a township or municipality), will that location alone draw attention to your listing with such a low featured price? If the objective answer is "no" then this program will NOT work!!!! St. Louis is plagued by many pockets of unincorporated areas, leaving the homeowner to describe their location in terms of South County, North ... Read More
Rating:  - Great book for a Seller's Market
A friend recommended the 5-Day method, and I bought the book. It's written like an infomercial, but the logic and methods are reasonable and smart. I was convinced, but I had 3 other people read it too. They had been skeptical of my description of how it worked, but they came away convinced, as well.
The book has a great explanation of the whole house selling process and a great checklist of what you need to do to be ready to put it on the market. However, the book was written and revised ... Read More
Rating: - Could work but good results?
Our company that builds custom exec homes tried this method to move a property & to donate a percentage of net proceeds to charity. Everything went as planned, had 100+ people through, 25+ phone calls by Fri. Even had major newspaper coverage on the event. Made it past the low low starting bids at price but failed to even get to our reserve, which was basically the cost to build the home with a few thousand for our charity. The low starting price brought in people who had no business being there. Even ... Read More
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