Home Selling in Palestine>Question Details

T.vick, Home Seller in Palestine, TX

Rural open houses. Do they bring results?

Asked by T.vick, Palestine, TX Mon Aug 11, 2008

We have had our home on the market for 7 months now. It is a rural property and we are getting few visitors. We are considering an open house. Do these tend to do well in rural areas and do they produce results? I hate to go through the effort of one and not get any offers. We have taken all the advice of our realtor as far as curb appeal. It's justing getting people out here. T'he agencies show each house only about once a month in the local paper so no one gets much exposure here. Are there other ideas anyone has to get our home sold?

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6
I have had pretty good luck finding buyers while hosting rural open houses. The key is about a zillion directional signs. I also post the open house on the MLS, Zillow, Trulia and Craig's List for added exposure. I wish you the best of luck selling your home.
Sincerely,
Betina Foreman
2 votes Thank Flag Link Wed Aug 13, 2008
Hi T,
It is always worth trying something different like an open house. Agents get lazy and discourge these but after all you are only looking for one buyer and that buyer might come to youe open house.
Don't put a ton of work into the event. Everyone including buyers have a life and people understand that life goes on on so do daily messes.
Make sure your property is on all of the pertainent Internet sites. Go to http://www.point2homes.com to get an idea or what these are. Also you should be in the large regional online newspaper (NOT PRINT) sites. They onlt cost about a dollar a day.
All the best,
James Joseph
0 votes Thank Flag Link Tue Aug 12, 2008
T.vick,
To tell the truth open houses only get customers for other homes, if anything they seldom sell the house held open. Location is the important thing in Real Estate and as you say your property is Rural so you have cut down an a large percentage of the purchasers. Your house may be worth a lot construction and landscaping wise but the location is dragging down the desirability. You may have to take bite the bullet and take your losses and move on. I know it is hard to do but is is another casualty of the gas hikes
Margaret
0 votes Thank Flag Link Tue Aug 12, 2008
Open houses rarely sell houses, but maybe you want to do it the right way. Are you in a place that gets traffic going to or from the lake? Other people communting to and from the city? If so you can try to capture this traffic.....so Friday afternoon would likely be the best time on their way to the weekend place....perhaps Sunday on the way back. Is there any other event in Palestine that would draw people from other places that might want to look.....some kind of festival, car show, holiday celebration etc. One of the pitfalls of open houses too are that you can get anyone and everyone through the house. Do you really want every Tom Dick and Harry from the highway coming through your home? Another idea might be to invite the Rotary Club or Kiwanas Club or some other local service clubs to hold a fundraiser or social there. That might get the right type of buyers through the house. Many clubs like these are always looking for a venue to host an event. Now that school is starting could you allow one of the booster clubs to hold a social/fundraiser at the house?. Would a gas card help to bring in realtors to show. Brainstorm a little outside the box.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Tue Aug 12, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Open Houses? Did you know that less than 1% of buyers come from open houses. Also, when you live out of bounds; (the city that is) it's like adding 100k in price to the property. For every 100k your home is priced at, you can add a month on the market. Understand that there are fewer and fewer people looking to live outside of the city with gas prices elevating the way they are. I say just keep you place on the market, it takes a patience and time. Good luck with your sale.
0 votes Thank Flag Link Tue Aug 12, 2008
Open houses are only successful if well planned and well advertised - even in the best of circumstances. I think a rural one might make it tough.

Marketing well is a him priority. Ask yourself where the buyers come from in your marketplace? Are they starting their search online? Then it is a must to be there. Is your property well photographed? If print advertising is still important in your area, is your home in the highly circulated publications?

At the end of the day, all the marketing in the world won't sell an overpriced listing so make sure you are priced to sell.

Best of luck.
0 votes Thank Flag Link Mon Aug 11, 2008
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