Let’s say the unfortunate happens and you have an expensive medical bill or have lost a job. Money is really tight and you just can’t make the mortgage payment. You’re behind, before you know it the bank will come and foreclose on your home and you need to sell it and fast. If you let it be foreclosed on you will lose your equity and often end up owing the bank even more money. Here is how you can sell your house in five days.It’s Wednesday morning, and it’s time to start getting ready. Start promoting your sale through the use of newspaper advertisements, signs, and other media. Make your advertisements say that your home will be sold to the highest bidder following a two day open house which will begin on Saturday. You will start with a really low opening bid on the house, and you will have all of the attendees sign in and place a written bid on the sign in sheet.

Now we need to play a round robin game. Call each of the bidders, tell them what the top bid is and see if they want to increase their bid at all. This task may be very tedious, but for sellers it’s an exciting process. Once you’ve got an offer that no one wants to top, you will have your buyer! This type of real estate sale is actually increasing at a very dramatic rate. The National Auctioneer Association stated that the number of residential auctions rose 8.4% in 2005, for a total of $15 billion in home sales.

In traditional real estate deals, sellers start with a high opening bid and are negotiated down. When selling your home in a week, the process needs to turn around. You need to low ball the starting price to get people excited about the purchase of buying your home so much that your own relatives will fight over the opportunity to do so. Once you get people interested, let them start bidding on up until you have a winner.

How successful is this method of real estate sales? It actually works very well in a short period of time compared to any other options. Some real estate investors state they receive between 90% and 95% of the home’s market value by making use of this price, which is good for the amount of time the house is sold in!