How to Sell Your Home In One Week

If you're here, you're probably looking for income, investment or rental property. Probably you're from Utah, but hey, maybe if I type the words Idaho, Arizona, Nevada, Colorado or Wyoming right here, I can get some visitors from there as well...

Unless you already know how to sell a home in one week, the following will be the most interesting thing you'll learn today...

There is a well known book which teaches a person a successful technique to sell a home quickly for a great price. Many people interested in real estate investments will never read this book, most will never put any of it into practice. A good friend of mine has, and he's been an excellent resource on this technique. Not only has he employed it once, but he's consulted with literally two dozen homesellers who have SUCCESSFULLY employed this technique. It works.

First, about the bookHow To Sell Your Home in 5 Days by Bill Effros. It details a technique the author was able to employ to quickly sell his home on his own. Basically it involves advertising to get as many people as possible to go through the home in as short a time as possible, get the home as ready as possible and through an auction process, invite the highest offers possible. Each bid is essentially an offer to purchase the house, and the highest "bid" becomes the highest offer the seller would consider selling to.

In Utah, licensed sales agents are prohibited from conducting auctions, only licensed real estate sales brokers can, and I'm not entirely sure under what conditions they can do them. But as a regular joe, this rule does not apply, and you're able to employ the system of the one week home sale.

So why is this so important? If you are the investor type that isn't looking to landlord in Utah, but is rather looking to get in and get out as soon as possible, either flipping or your own version of flipping, then you will realize that you can't find many homes for substantially below 20% off the true value unless you go direct to the sellers. You aren't often going to find such deals listed on the MLS at all, and then that great discount % will get eaten up in the competing offers. So if you've only got 20% to work with, let's say you buy a house worth 100k and you can get it for 80k, that means you've got to make your improvements which eats up X%, then you've got to sell it which if you use a Realtor can take 60 days OR LONGER and cost you 5-6% commission, or worse, try to sell it yourself and have your money sit for from 60-120 days and all the effort you put out.

For those of you wanting to get in, get out, and turn that money as often as possible throughout the year, I think the One Week Home Sale system is a no-brainer. It allows you to save yourself the sales commission (even if you're an agent you're paying sales commission to the buyers' agent) and allows you to get out as soon as possible like ONE WEEK.