Grandpa Ward and high school grad, Chris.

InnoVest Resource Management's

Foreclosure Forum

Home

Discussion Board

"Hands-On" Training

Title Holding Trust

Speaking Schedule

Store

Foreclosure Codes

50 State Resource Data

Foreclosure Glossary

Foreclosure Statistics

60+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan

Links

Contact / Map

Home

 

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

Now get in MLS and sell it...

Posted by Ward-CA- on August 17, 2003 at 10:41 PM

In Reply to: 2nd Open House woes posted by Daniel-CA-AZ on August 17, 2003 at 5:22 PM


: Ok, so my second open house formally ended an hour ago, but in reality it ended three hours ago. My increased marketing efforts and doubled open time (12-4 PM) drew the grand total crowd of... (drumroll): three. =[
: I literally fell asleep on the post twice, since I have spent all night cleaning the kitchen and putting the final paint on the deck, and preparing the property info sheets that were missing last time.

: Funny thing was that I got exactly one person from each area of marketing, one from the classified, one from the house flyer, and one from the church flyer. Oh, I also got an irritated call from some authority at the church asking who gave me permission to put flyers on the cars... I played dumb and said I didn't know I needed permission. Now in hindsight I think I could have gotten permission if I had asked nicely enough, and should have at least attempted to.

: Well, I'm a bit concerned about the trend here.. sure, listed properties' average days on market is over 20 here (I've only been on for 13), but I don't know the stats on FSBO's. Also, I don't think the VRM method is working well in my situation, people just seem put off by it, and I don't think I'm getting enough people into the open houses to create enough of a buzz for it to work properly. I haven't even had one written offer submitted yet, even though the folks who come by show seemingly serious interest (maybe I'm just naive?).

: Thoughts and ideas are more than welcome..
: - Daniel
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-

Daniel,

I agree with Sean that the market’s not dead yet. But I’d get your property into the local MLS (multiple listing service) and pay some agent the standard 3% selling commission. I’d do it pronto since this summer’s selling season is about to close in the next 30 days.

And since I’m a diehard VRM (variable range marketing) afficionado I wouldn’t be so quick to give up on that approach. I’ve never had a crowd when working VRM to sell my properties. You won’t need one either.

My hat’s off to you Daniel. Now get an MLS lockbox on the house and sell the damn thing.


Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments: Optional Link URL: Link Title: Optional Image URL:


[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455

[an error occurred while processing this directive]