Real Estate Open House
September 2nd, 2008
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There are many opinions about whether to have a Real Estate Open House to sell your home; the agents perspective, the sellers perspective and the buyers perspective.
Most agents consider them a waste of time. This service is used to keep their clients happy or used as a last resort. Few sales tradionally come from open houses. Some agents may find an unattached buyer/potential new client but rarely is the time spent sitting at an open house worth it for the agent or the client.
Many sellers loves open houses. They only see the upside. They think it’s the key to selling their home. Other sellers are skeptical and see it as a security risk. Do you want strangers that may only be lookers wandering around your home, especially if they are not represented by a Licensed Real Estate Broker? Many sellers prefer to open their homes to serious buyers only.
Most buyers these days rely on the internet or their buyer’s agent for their home search. There are large amounts of internet listings and online real estate information that buyers can obtain at their own convenience that will save them time.
The majority of home sales come from contacts with other real estate agents, from the local MLS (multiple listing service) and from the selling agents/listing agents website.
If an open house is held too often, it may send a signal that the house is a tough property to sell.
As you can see, there is no right or wrong, but it my opinion, an open house should be used as a last resort.