Comments on: How to Use Round Robin Auctions to Sell Your Investment Properties Quickly (Part 2)

By: Shae Bynes

Shae Bynes — Tue, 18 Oct 2011 13:46:31 +0000

Hi Jim, I think it is a very interesting idea to use this strategy for renting. The majority of our rentals are Section 8 rentals, so I have never considering doing it, but would definitely be interested in hearing from someone who has. I can certainly see how it could be effective.

By: Jim

Jim — Fri, 14 Oct 2011 19:39:47 +0000

Hello,

I had no idea that there was such great following to Bill’s 5-day methods. I read his book a few years ago but decided not to sell. Since then I have acquired a few more properties and I am holding on to them.

In the book, there was a section about using the 5-Day method to rent out properties for top dollar. Now that is something that is right up my alley, and I was wondering if anyone has rented or is renting properties using this method.

If so, would you mind sharing your experiences? Or maybe just some suggestions?

Much appreciated,

Jim

By: Lynn

Lynn — Thu, 07 Apr 2011 16:39:53 +0000

I have an extra copy of Bill Effros’ book: “How to Sell Your Home in Five Days”. Email me if interested.

Lynn

By: Peter Barnette

Peter Barnette — Thu, 07 Apr 2011 13:19:08 +0000

Hi,

I’m liking the idea of this kink of auction. Not really seen much of it in the UK but maybe its something we could introduce too.

I’ll be reading a bit more about this now and let you know how we get on.

By: John

John — Mon, 06 Dec 2010 16:43:59 +0000

Shae,

Great information and well detailed – thank you for sharing.

John

By: James MacDonald

James MacDonald — Tue, 09 Nov 2010 23:52:32 +0000

The information you have generously shared is superb quality and something that we could consider for UK housing market even.

By: Shae Bynes

Shae Bynes — Mon, 05 Apr 2010 02:12:28 +0000

Hi Lynn, I still stand by my comments made earlier. While I'm not doing rehabbing at the moment, I can list over 10 investors I know off the top of my head (in various parts of the country) who are selling almost exclusively retail as an exit strategy. My point is that selling retail is still a strategy, but its key to know your specific market and understand what is selling where and for how much. .-= Shae Bynes´s last blog ..Vacation time! Yea Mon! =-.

By: Lynn

Lynn — Sun, 04 Apr 2010 22:55:08 +0000

I’ve been told round-robin auctions are not a good model. Because of the extreme credit tightening, it is very difficult to have a retail solution as your exit strategy.

What’s your take on that?

Lynn

By: Shae Bynes

Shae Bynes — Fri, 02 Apr 2010 22:38:14 +0000

Hi Lynn, I still think it is and generally like this strategy for rehabbers who are looking to do a quick flip and not want to deal with long holding periods. I think staging is even more important in this market as well as screening bidders to ensure they have secured financing. Certainly there are other ways to sell, but the idea of driving a concentrated amount of traffic over a few days time for a relatively low-cost is an attractive option. .-= Shae Bynes´s last blog ..Vacation time! Yea Mon! =-.

By: Lynn

Lynn — Fri, 02 Apr 2010 14:30:25 +0000

Is selling with a round-robin auction still a viable strategy for today’s market?

Thanks,

Lynn

By: Shae Bynes

Shae Bynes — Sat, 31 Oct 2009 01:39:30 +0000

Thanks Josh!

Dave, I’m so glad you found the series helpful! Thanks for the feedback.

By: Dave Sharp

Dave Sharp — Sat, 31 Oct 2009 00:39:41 +0000

Well your first part was outstanding and this one wrapped it up perfectly. While I’ve never used one of these auctions, I can now see the power of doing so. You’ve put some great advice into our hands and I hope to one day report back that the marketing techniques worked great to help me get some property sold. Thank you!