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Are Open Houses A Waste Of Time -- Only If You Expect Them To Be

By
Real Estate Agent with Douglas Elliman Real Estate 516-457-7103

I've often said, whether you expect the best or the worst from any experience in life, you're not likely to be disappointed.  The laws of attraction are immutable. In the world of real estate, at least in my little corner of the world, the consensus is open houses are worthless.  I hear it all the time from other Long Island Realtors®.  Margaret Rome's wonderful post yesterday reminded me once again just how much perception affects the outcome of what we do every day.

In a still difficult and stagnant real estate market, especially in the higher price ranges on Long Island, getting those homes sold takes diligence, determination and thinking outside the box.  I create individual websites for my listings, market them in unexpected ways and routinely do open houses.  One of my sellers, frustrated that the market was not responding fast enough to his outstanding property, said after speaking with other agents, "open houses don't work."  I told him what I tell everyone, "if you believe something won't work you are absolutely right."  I, on the other hand, believe any of the ripples created in the ocean of potential purchasers can be the one that attracts the perfect buyer for any given home.

Oh, and just for the record, this seller's property did sell . . . from an open house.

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About the author:

Geri Sonkin is a Licensed Broker Associate/Stager serving Long Island sellers and buyers for over 24 years.  Areas of expertise include Nassau County, Suffolk County, Queens and Brooklyn.  Specializing in resales, new construction, co-ops/condos, waterfront homes, estates, short sales, rentals and preparing your home to sell for the most money the market will bear.  For more information: www.LongIslandsBestHomes.com  For new construction: http://2274Woodbine.GreatCustomHome.com   516-425-6098  

All text and graphics contained herein Copyright © 2010 Geri Sonkin & its licensors. All rights reserved.

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Shannon Lewis
Beringer Realty - Champaign, IL
Realtor, Broker - Champaign-Urbana, IL

Thanks for the reminder to have a good attitude! I certainly try to maintain a positive attitude through thick and thin...but I think everyone needs a little reinforcement sometimes:-)

Apr 28, 2010 09:48 AM
Irene Tron
Valparaiso, IN

You are absolutely right that attitude makes a huge difference.

May 11, 2010 09:21 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Geri, Have always loved you and  your attitude. Thanks for the link to my Open House video.

Wonderful speaking with you today. You are so special!!

Margaret

May 20, 2010 03:17 PM
Leander McClain
North East, MD
Cecil & Harford County Realtor

Geri,

Thanks for the reminder about positive thinking.  I haven't done an open house in a long time, but maybe I should open my mind and get back to the "whatever it takes attitude".  You Long Island clients are lucky to have you on their side.

Have another great day

Leander

obtw - cool hair :)

May 25, 2010 12:46 AM
Geri Sonkin
Douglas Elliman Real Estate 516-457-7103 - Merrick, NY
Long Island Real Estate & Staging Expert

I've found in life whatever you expect the world to be like, positive or negative, you're usually right.  If you believe something cannot/will not work, it becomes a self fulfilling prophesy.  In this case, we just had another open house on a new listing this past weekend and an offer came out of that as well.  Life is just full of possibilities.  Embrace them.

May 25, 2010 04:10 AM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

"Whether you think you can or can't, you're right." Henry Ford

Geri, this post and your comment on Steve's blog have me rethinking open houses. :)

Jun 04, 2010 04:27 PM
Geri Sonkin
Douglas Elliman Real Estate 516-457-7103 - Merrick, NY
Long Island Real Estate & Staging Expert

I'm so glad to hear that Sharon.  You just may be surprised by the results.  One of the things I love most about new agents is the fact that they'll try anything.  They don't know what they "can't" do so they often succeed in ways their experienced counterparts don't.  I'd love to hear a success story come out of this.

Jun 05, 2010 02:31 AM