Re: Rehab done; how to get some buzz? - Posted by Frank Chin
Posted by Frank Chin on May 16, 2006 at 07:53:09:
Think about it. Who are the people seeing the sign on the front yard, and coming by to see it?? It’s people living on the vicninity. Unless it sits on a busy road, not many other types of lookers.
You have to know what folks think when they take a look. Usually, folks from the neighborhood falls into these categories:
Nosy types, and they just wanted to see what the place looks like, and how much houses go for nowadays. That’s why they don’t say much.
Neighbors living there a long time, bought their place years ago, looking for a place for a relattive, and in sticker shock at the new prices.
I find Craigslist increasing useful in urban areas. But traditionally, I find newpapers a good place to start the ball rolling from the standpoint of market analysis. By this I mean you’ll get calls, find out from people what they’re looking for. You’ll also find RE agents calling to come take a look even if you say “principals only”, or “no agents”.
Fmailies moving in generally ask about school districts etc, so its a good idea to be able to answer this one. In some areas, this greatly determines the value of the property.
Market the property actively, but I wouldn’t do a warranty. When the house is sold, take the money and run.
In many areas, folks go mostly to RE agents searching for properties, and you’ll move it a lot quicker with an agent.