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74 Bids and Sold Sunday Night to the Best Bidder! ||| Slow Down But Don't Stop! |||
 

June 2005 Posts

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June 09, 2005

74 Bids and Sold Sunday Night to the Best Bidder!

Submitted by: Larry Kagan - Plainview, NY

I sold my condo last Sunday, June 5th to the Highest & Best Bidder for more money than I expected. The best part was that it was a win-win for both the seller and the buyer because there was no broker and no real estate commissions, so I was able to accept a lower price for my condo and the buyer was able to get built-in equity.

Using this method to sell my condo was an awesome and unbelievable experience! I really liked the dynamic of buyers competing with other buyers with regard to the price, as opposed to the seller and buyer negotiating the price in a traditional sale.

I found the book in Barnes & Noble about 2 years ago and really liked the concept. I saved the book and planned on using it the next time I had a property to sell. Recently, I decided to sell my condo and dusted the book off.

The book led me to the website; and the website led me to George Cappony, the consultant. George walked me through every step of the process and provided me with great tools to use to simplify selling my condo using this method. I bought road signs from George that were extremely productive and led lots of prospective buyers to my doorstep. George helped me write the advertisement I placed in the local newspaper and provided me with an 800 phone number for people to call and get all the information they needed to come to the inspection.

All in all, I had 168 people come to see my condo in 2 days; I received 74 bids and sold it on Sunday night in the 7th round of the round robins to the best bidder. I highly recommend this method and after doing it think everyone should sell their home this way! It really works.


June 02, 2005

Slow Down But Don't Stop!

Submitted by: Kon Kuperman - Washington Twp, NJ

Slow down but don't stop. That's the best advice I can give someone that drives past one of the yellow 'Best Bidder Sale' signs. If you don't, you'll risk getting rear ended by someone. That's what came very close to happening last year when I hit my brakes to read the sign and almost had the poor fellow behind me crash into me.

I had purchased an investment property several months earlier and was looking for a fast, effective and cost efficient way to sell this property so of course I slammed on my brakes. Luckily no one got hurt : ) So I followed the signs to a rather plain Split Level home on a nice street - A home that is no different from the other homes in the area - except that there was no place to park and when I went inside, the house was full of people looking through the house.

I was pressed for time so I was only there for maybe 15 minutes but while I was there I must have seen at least 7 or 8 other couples just looking around. I found my pot of gold at the end of the rainbow. The whole week after the sale all I could think about was this unique system that I witnessed. Was it for real??? The sale itself was great. I loved that everything was organized, the sellers were TOTALLY in control of the event and were running it as smooth as butter - but was it for real? That was my question.

So after waiting until Friday of the following week, I called the sellers, told them who I was and asked them what they thought of the process. They told me what a great experience they had. They had just purchased another home and needed to sell their current house to pay for the new home but didn't want to take a hit on a 'quick sale' on their home. The 3 things they told me they were happiest about were: 1) Not having to go through the ordeal of a traditional sale. 2) Selling the home quickly 3) Getting the price on their home they wanted Yes - the MOST IMPORTANT thing to them was being in control of the selling process. They have 2 kids and did not want to deal with surprise visits from realtors, strangers in the house when the kids are there, constantly keeping their house clean, etc... Oh yeah, when I talked to them, they were already in Attorney Review.

I was just blown away by this process. If I hadn't seen it I wouldn't believe it. I just wouldn't believe it. My investement property is going on sale next month. I can't wait! Kon

 
 

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