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Should You Allow a Real Estate Open House?
Open Houses in Real Estate are plentiful in the spring. Trees are getting their leaves back and flowers are beginning to bloom. Maybe you’ve finished the Spring cleaning on your home. Why not put a sign up and invite the neighborhood to stop in for a look at the place? Sort of a one home block party?
Seriously? No one is going to just open their home up for the neighborhood to stop in. Your neighbors might be nosey but harmless. What about the strangers driving down the street who decide to drop in?
Under normal circumstances you would never just open the doors to your home and let whoever passed by come inside. Yet homeowners do it all the time when selling their home. Open houses are one of the biggest fallacies in real estate. Before allowing one at your home, carefully consider the pros and cons.
Do Real Estate Open House Work?
They may have been useful before the internet. Now that listings are so easy to view online, serious buyers are not wasting their time looking for open house signs. Fewer than 2-3% of the homes sold each year were sold through an open house. Before you insist that your Realtor hold an open house, give some consideration to the risk involved.
Risks Involved When Holding an Open House
The most harmless risk is your neighbors will stop in to spy on your home. Maybe they’ve always wanted to see how you decorated. Maybe they’re thinking about selling and want to see how your home compares to theirs.
The neighbors are the least of your concerns about an open house. Many articles have been written about Realtor safety. Realtors are advised not to hold an open house by themselves. There have been cases where Realtors were attacked while holding an open house.
Housing Wire published an article with ten steps for Realtors to protect themselves after one tragedy. The tips they give in the article may be useful, but you have to wonder. If Realtors have to be concerned about their safety, do you really want them holding an open house at your home?
One safety tip is to have guests sign a register. That’s a good idea, especially if the agent wants to build their database. But how do you know they’re going to sign in with their real names and contact info? From our experience many people will provide a fake name. This step does nothing to protect your home.
If you decide to allow an open house, the first thing you’ll want to do is remove all jewelry and small valuables that are easy to slip in a pocket or purse. It’s a good idea to put those items away even when the home is being shown by appointment.
After putting away the jewelry and valuables, check the medicine cabinets. Prescription drugs are another popular item that can easily be pocketed.
You can’t stop there. In 1992, before I had a real estate license, my husband and I listed our home in Santa Monica, CA. We hired a husband and wife team as our agents. They liked holding open houses, especially in our neighborhood. My stepson was thrilled when he heard that actress Darryl Hannah had stopped into our open house. She didn’t buy the house. In spite of weekly open houses, the home didn’t sell through one. In fact, the open houses didn’t even get us an offer.
While we had put away all the valuables, it never occurred to us to lock the closets. A designer jacket I had just given my husband for his birthday was missing the day after an open house. I had paid $900 for it on Rodeo Drive. He had worn it once. Didn’t even send it to the cleaners.
When we mentioned the missing jacket to our Realtors, they remembered there was one guy who seemed odd. They had tried to follow him when he went upstairs but some other folks came in. Needless to say, that was the last open house we allowed. If you insist on having an open house, it isn’t a bad idea to lock the closets.
The risk of having things “walk off” during an open house isn’t your only concern. Make sure all credit card receipts, personal financial information, etc., are locked away. Prying eyes could lead to identity theft.
Your Realtor will try to keep an eye on people but that can be difficult. A common trick the criminal element uses is having two couples come in at once. While one couple distracts the agent, the other couple checks to see what they can score.
Even if your agent sees someone putting something in their pocket, what can you expect them to do? If they confront the thief they could be putting their own life at risk. Unless your agent is an off duty cop, they aren’t going to be effective at stopping the crook.
You have less to worry about when selling a vacant home. Personal items and jewelry have already been removed. Some thieves routinely check out vacant homes during an open house. They figure out the best ways to get in and out of the place. They decide if the appliances, AC and other fixtures are worthwhile. Then they come back.
Why Do You See So Many Open Houses?
Open Houses in Real EstateYou may be wondering, if open houses or so risky and ineffective, why do we see so many of them? There are several reasons. First, sellers insist. Most remember when they bought their home twenty or thirty years ago. They went to open houses every Sunday. At least in the early phases of looking for a home. They forget that times have changed.
It creates an impression that the Realtors are “working”. They can see the agent is showing up every week or so with their open house signs. They’re bringing brochures to hand out. They’re doing an outstanding job, right? Yes, they’re putting forth an effort but is it the right effort? Are they spending just as much time making sure your home is presented well online? Are they making sure it’s getting distributed on all the major search portals? Do they have a successful and highly visible website that features it? Those are the actions that have a much greater chance of getting your home sold than an open house.
Realtors go along with open houses because they realize it’s a good way to find clients. Yes, they will get to meet your neighbors. Your neighbors will be impressed with the quality of brochures they’re giving out. They may hire them to list their home. They often meet buyers who are just beginning to look at homes. These beginning buyers usually haven’t started working with a Realtor.
Open houses are not likely to disappear as long as agents find them useful to promote themselves. Several years ago, the National Association of Realtors started a National Open House Week-end. It was held the week-end after tax day (April 15th). They discountinued the National event a couple of years ago. Low inventory was cited as one reason for discontinuing it.
An Article in Inman News stated:
Most respondents, 62.6 percent, said the primary purpose of the event was to promote Realtors and real estate professionals. Only about 1 in 5 said the event was intended to connect buyers and sellers.
There you have it. Open houses are more about promoting Realtors than getting your home sold. The only value we’ve found in holding an open house is to get feedback about the home’s condition and price. Even then, you need to take the feedback with a grain of salt. The lookie-loos visiting open houses may not be as informed about home values as a serious buyer.
If you want to hold a big neighborhood block party, hold an open house. If you want to get your home sold, hire an expert listing agent who knows how to market online.
U.S. dollar surges above 18 pesos for first time ever.
MEXICO CITY — The U.S. dollar continues its heady climb as the exchange rate broke a record again and the dollar traded for the first time ever above 18 pesos per dollar.
According to Notimex, the dollar sold at 18.10 pesos at exchange houses at the International Airport of Mexico City on Wednesday Jan. 6.
In exchange offices located at the airport in the capital, the U.S. dollar recorded an average price of 18.06 pesos for sale and 16.94 pesos for purchase.
The dollar is offered at up to 18.10 pesos and takes a minimum of 16.90 pesos at the “Benito Juárez” Mexico City International Airport (AICM).
In airport exchange centers, the euro was sold at a higher price of 19.84 pesos and bought at a lower cost of 18.15 pesos.
The peso has been affected by low oil prices, concerns about the health of the Chinese economy and speculation that the Chinese government will devalue its currency.
“Also, the recent conflict between Iran and Saudi Arabia, along with an alleged nuclear test in North Korea have increased demand for refuge assets,” said Gabriella Siller of Banco Base to Excelsior newspaper.
Mexico’s beaches have a well earned reputation as some of the most beautiful in the world. This top coastal destination has plenty to offer to its visitors from dramatic rock formations carved by the Pacific, exciting nights full of parties and good times, to serene beaches that take you away from the tourist-flocked attractions. Whatever your preference, Mexico has surely something that will entice and enchant you, creating a truly memorable vacation experience that will last for a lifetime.
Barra de Potosi
This serene fishing village, 26 kilometers from Zihuatanejo is the exact opposite of the crowded mega beaches where tourists flock to. This is the perfect choice for vacation goers who want to enjoy an amazing stretch of beach with white sand without the crowds. Barra de Potosi is perhaps one of the few hidden hideaways on Mexico’s coastal shores and is well worth the trip.
Things to do
Tulum
Tulum is an amazing destination to head out for on coastal Mexico. Its spectacular coastline is even made all the more amazing with the presence of a Mayan ruin, excellent diving sites, and even a chance to encounter the world’s largest fish – the whale shark.
Things to do
Xcalak
With its rickety wooden houses, fishing boat launches, and general air of remoteness, Xcalak is a wonderful alternative destination for those truly looking to get away. Its remoteness has maintained the tiny town’s serene and lazy-vacation air, but it still provides a lot of venues for the more adventurous types.
Things to do
Take a dive into Xcalak’s virtually unspoiled diving sites.
Take an adventurous stroll into the jungle and bird-watch on the local population of rare bird species.
Puerto Vallarta
This is perhaps Mexico’s most sophisticated resort destination and is the perfect choice for those looking for a cosmopolitan vacation. Enjoy your days lazing on dazzling beaches with palm lined beachfronts and sparkling blue waters, while waiting for the party to start. Its cobbled streets teeming with quirky shops and amazing restaurants provide a different option if you want to take a break from the ocean and sun.
Things to do
Sources
Learn about the rich history of Mérida which was named after a town in Extremadura, Spain, Mérida (Augusta Emérita in Latin), capital of the state of Yucatán, was founded on January 6, 1542 by Francisco de Montejo y Léon “el Mozo” (the Younger/the Boy). He was the son of Francisco de Montejo “el Adelantado” (the Older), who 15 years earlier was forced to leave Chichén Itzá due to pressure from the indigenous Maya. The younger de Montejo bided his time and launched a second invasion from the city of Campeche (which he had founded in 1540). By the mid-1500s, much of Yucatán had become part of Spain’s colonies. Unlike most other colonies, however, Mérida was controlled directly from Spain and not from Mexico City, which helps explain the Yucatán’s distinctive culture and political identity.
Mérida stands on what was once T’hó, a major Maya city that was also referred to as Ichkanzihóo or Ichcaanzihó, which means City of Five Hills, most likely due to its pyramids. The ancient stones of T’ho were appropriated by the Spanish to build churches and buildings, and many of these colonial structures can still be found in the city’s centro histórico. Throughout its colonial history, Mérida was a walled city, a necessity at the time since the indigenous Maya greatly resented the Spanish colonial presence. You will still see some of these old city gates, but the city today has long grown beyond the confines of its old walls.
Henequén, an agave plant species from which fiber is produced, shaped Mérida’s fortunes for several decades in the 1800s and 1900s. The area surrounding the city was given over to henequén farms and the region flourished from its production – so much so that Mérida was believed to have the biggest population of millionaires out of all the cities in the world, if only for a short while. The wealth created resulted in something of a building boom and the many mansions that march along Paseo de Montejo today date back to this period of affluence. Most of these homes, while no longer residential, have been restored and are now being used to house offices and commercial establishments. Interestingly, it was also during this time that the first Korean immigration to Mexico occurred. In 1905, Koreans came to Mérida to work in henequen plantations.
Mérida today remains the cultural and economic center of the Yucatán and has the distinction of being home to one of the largest centro histórico districts in the Americas.
The Grand Dame of Yucatán has, within its borders, gorgeous colonial homes, historic properties, and beachfront estates. With such a stunning collection of real estate, why even consider Mérida’s growing selection of high rises? Well, there’s something about living on the top. Prepare for scenic views of Mérida and its surrounding backcountry from one of the city’s newest high-rise residential developments. Get to know some of these properties here.
Experience a life of luxury in one of Country Towers’ comfortable condo units. The development consists of three structures – each towering at 30 floors each – that boast five-star amenities designed to guarantee a unique and memorable condo lifestyle experience. One of these towers is the so-called Aqua Tower, which features plenty of outdoor green spaces, recreation areas, a library, and a business center, among others.
Country Towers is located in the residential area of Altabrisa and is within close proximity to entertainment, retail, dining, and educational options.
Located in Mérida Centro, Arabesque features a mélange of Art Deco exteriors and French Country interiors, resulting in a stylish building you’ll definitely want to live in. One to two-bedroom apartments are available, each with lovely views of the courtyard and swimming pool.
Situated in Mérida, San Angelo 08 is one of the most highly sought-after high-rise residential developments in the city. Residents are treated to a sophisticated security system and wide spaces. Standing at 16 floors high, the condominium offers unparalleled views of the Yucatán capital.
Mérida is composed of different neighborhoods, each with their own character and quirks. The community of Altabrisa is decked out with shopping and dining options as well as residential spaces, while Cholul has several planned communities like Parque Central and Gran San Pedro Cholul. Take your time to explore this vibrant city and discover among its myriad housing selections the best option for you.
With unbelievably beautiful beaches, an unbeatable climate, a rich and unique history, top-notch healthcare, a thriving business environment, and a very affordable cost of living, Mexico is a paradise for those looking for the perfect place to live, work, and play.
Welcome to PropertyProsMX.com, the only guide you need to help you get your new life in Mexico started. Built by Property Professionals Mexico Real Estate & Development, this site is designed to help you locate what you’ve been looking for quickly, effectively, and easily. Whether you’re looking for a dream home in the Yucatan Peninsula, particularly in the areas of Mérida Norte or Centro, or the Gulf Beaches of Progreso, San Crisanto, Chelem or Campeche, this site has you covered.
Start your home search here
Ready to get started? Look through our featured listings and see some of the homes available in the market today. If you’re searching for a specific type of property, you can also use our handy search tool, which is completely customizable, and will greatly help narrow down your search.
If you’d like to know a bit more about the lifestyle in Mexico, its top attractions, the diverse recreational activities, or information about its real estate market, this site contains in-depth guides and resources that will tell you all you need to know. If you’re new to real estate, check out our buyer and seller guides and get yourself familiarized with the entire home-buying and selling process.
We are your guides to the Mexico real estate market
It’s time you discovered what Mexico has to offer, and Property Professionals Mexico looks forward to helping you find a home in this wonderful area. If you have any more questions, feel free to give us a call today at 214-347-4458 (USA and Canada) or 52-999-316-7042 (Mexico), or drop us a line at info@propertyprosmx.com.
The largest city as well as the capital of Yucatán, Mérida was named after the town of Mérida located in Extremadura, Spain. It was founded in 1542 by Francisco de Montejo y León, and built on the ancient Mayan city of T’ho (“City of Five Hills”), which was the center of Mayan culture and activities for centuries.
Today, Mérida is considered one of the largest commercial and cultural hubs of the Yucatán Peninsula. Here, residents and tourists alike can enjoy visiting museums, art galleries, and numerous shopping and dining opportunities. The city is a very popular attraction for those interested in experiencing its rich Mayan heritage, as the area is home to some of the most significant archeological sites in the entire country.
At a Glance
• The Mérida Carnival is one of the city’s signature events. This eight-day festival is a delightful affair filled with live music, dancing, fireworks, and a variety of other activities.
• Take a trip back in time by visiting Mérida’s centro histórico, or historic center. See historic landmarks such as the Cathedral de San Ildefonso, the Cristo de las Ampollas, and other buildings built during the colonial period.
• Nature lovers can head to the beautiful coastal village of Celestun, which is located about 60 miles from Mérida. The village is popular for its abundance of pink flamingos, fresh water springs, and pristine beaches.
• Paseo de Montejo is a unique, tree-lined commercial district filled with 19th century buildings that have been converted into shops, restaurants, museums, nightclubs, boutique hotels, and more.
With its excellent infrastructure, fantastic amenities, and convenient access to airports, Mérida is an excellent location to live in. Options here consist of affordable two to three-bedroom homes, elegant Colonials, and luxurious estates located right in the heart of the city’s historical district.
With its rich history, breathtaking architecture, and tons of enjoyable attractions, the city of Mérida is one of the Mexico’s most appealing and popular areas to live in and visit. Best of all, the city is considered the safest city in the whole country. It has a very quiet and relaxed environment, and the crime rate here is very low compared to other cities in the country – there’s an apparent feeling of security you get just by walking down its streets. In fact, it’s safer even than Wyoming or Idaho and you’re more likely to run into trouble on the streets of Bloomington, Indiana.
Mérida’s government is known for making sure the city maintains its safe and friendly atmosphere. During recent years, it has invested a huge portion of the city’s funds and resources for improving its security infrastructure and providing better training programs and equipment for its police force, all for the purpose of maintaining the peaceful environment it is known for.
The city is not completely crime-free, though it’s nothing visitors should really worry about. Crime in the area mostly involves isolated incidents of robbery. In areas surrounding some of the city’s popular night spots such as casinos, nightclubs, or bars, a certain degree of crime related to violence, and drug/alcohol abuse is present, but these are common occurrences in such areas, no matter what city you go to.
Going around the city is very easy and safe as well, with friendly locals happy to point you to the proper direction should you get lost (some will even throw in a helpful sightseeing tip, if you’re lucky). Buses and taxis here are easy to come by and are reasonably priced too, and there are organized tours for those looking to find out more about the city, but who don’t want to do all the planning and organizing.
With tons of attractions combined with a picturesque and safe environment, Mérida is a city that certainly has a lot going for it, which is why it’s such a popular area for plenty of tourists.
People of all ages and from different parts of the world come to Mérida. The expat community here is growing, with newcomers discovering a laid-back, culturally rich and affordable lifestyle. There are countless possibilities to explore and enjoy in Mérida – whether right in the city, exploring historic Maya sites, at the beach, or simply in your own home. There’s a strong feeling of belongingness.
Its location gives the city a relatively warm, enjoyable climate (26 °C average throughout the year). The cool breezes from the Gulf of Mexico drift into Mérida in the evenings making it nice to stroll along the streets or sit in the plazas. There is an abundance of tropical fruits, vegetables, meat and seafood all year round. Nature is rich here and everything is in harmony, giving you a general feeling of well-being and making it a place to love.
Mérida has been dubbed “La Cuidad Blanca” (The White City), probably for its cleanliness and the light colors of many of its old buildings, which are beautiful remnants of its colonial legacy right in the city center. Colonial homes line the city streets to this day and the historical center is currently undergoing a minor renaissance as more and more people are moving into the old buildings and reviving their former glory.
The city is populated by nearly 1 million residents and it serves as a great home base for those who want to explore the peninsula, especially if you want to visit the Chichén Itza and Uxmal Mayan ruins.
Culture and the arts are alive and well in Mérida, which boasts an array of galleries and museums, as well as cinemas, performance venues, and shops and restaurants. The vibrant cultural heart of the region, it plays host to all kinds of events and celebrations and hardly a day goes by where there isn’t music and dancing in the streets. Mérida is a Mexican gem and is a cultural crossroads as well as the gateway to the rest of the Yucatán. It has its own distinct flavor and the people who live here are rightfully proud of their beautiful town.
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