Real Estate Blog - Broker's Opens...Are they worth the time and money?

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Broker's Opens...Are they worth the time and money?

Via Chanda Barrick REALTOR (Indianapolis, Avon, Greenwood) (1st Choice Real Estate Group):

I recently saw a Broker's Open flyer for a modestly priced home which made me wonder how many people out there are holding broker's opens for homes this type of home. I was of the impression that a broker's open for a home that is a typical "run of the mill" home with no outstanding/unique features or is one that wouldn't qualify for the "luxury home" designation wouldn't really warrant a broker's open.

It seems many people use the broker's open to socialize or grab a free bite to eat or drink and I think that would be the case for a home that really doesn't have anything special to offer...

What do you think about broker's opens? Do you hold them for any type of property or do you have "prerequisites" to determining whether or not to hold one? Do they produce results? If so, how would you say they compare to an open house?

Broker's
Open
Today!!!!

Chanda Barrick, REALTOR®
1st Choice Real Estate Group
(O)317-889-1111
(C)317-572-7770
(F)317-889-9198
www.chandasellsindy.com

Posted by Chris Webster ~ Myrtle Beach Real Estate Myrtle Beach Foreclosures and Short Sale on 09/20/2009 02:27 AM

Comments (2)

2 Comments on Broker's Opens...Are they worth the time and money?

SEP

Chris,

I have been wondering this as well. I am looking forward to reading some of the comments you will get.

Have you read Jeff Dowler's post about the Broker's Open he recently attended? If they're all like that one, then I'd never attend one! That being said, we've always had very poor attendance in our area. The only way they work well here is when a bunch of agents with similar listings get together, and have food at each one, and make sure each brokerage mentions it at their weekly sales meeting, and have a mortgage broker or title company offer a drawing for a prize at the end, to agents who have been to each house and had their ticket/card/flyer stamped by the agent at that listing.

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