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Is an open house worth the effort !!

By
Real Estate Sales Representative with SAVE MAX FIRST CHOICE REAL ESTATE INC.

Holding an open house might help someone, but it is not the most important factor to consider. This is what I have been experiencing all over the years.

An open house is usually not the major marketing tool that we agents rely upon when trying to sell a property. But, it is considered one of the important factor when we are there at  listing presentation.

But, I got this New listing thru' my open house on one of my listing at Young Dr, Brampton !! The key factor was, I just provided the information around the area and kept it very simple. No pressure No Obligation and but I am here to extend my help! I even didn't ask the visitors the contact information. But I knew it, my simple and straight approach would work. And yes it did. After two days I got a call and showed them couple houses and even now I have the listing in hand !

The condo at 1 Greystone Walk Dr  offers Top notch amenities !

       

     

     

I would love to do an open house on this neat and clean new listing at Danforth Rd and Midland Ave, Toronto in Municipality of scarborough . But incidentally, condo corporation does not allow it. Nevertheless, I am happy I met this genteel family.

 

Visit my website www.greatgtahomes.com for MLS listings and search MLS properties in your desired area.

 

If you have any questions related to real estate and if you are seeking an assistance in selling or buying a real estate property in Brampton,  Mississauga, Milton, Toronto, Oakville, Caledon,  Etobicoke or anywhere in GTA area, you may contact me at 416-562-8417 or email me.

Buying a Home and What Must they Know  is very important. Mortgage calculator,

Pre listing home inspection is very important for accurate evaluation. Ask For a FREE complimentary market evaluaton of your property today.

If you are looking for a house and you have a particular School in mind, you must look for these MLS listings with school information

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Show All Comments
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

Sham I think they are good bets.  If I'm not there on Sunday I probably wasting time otherwise.

Jun 29, 2010 04:57 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Sham,

Done my fair share of open homes over the years myself. Are they productive? Yes and no, how's that for an answer? For me they're just one of the tools in the tool belt. Btw, my most recent sale was a result of an OH that took place a few weeks before.

 

 

Jun 29, 2010 04:59 PM
Ellen Caruso
Daniel Gale Sotheby's International Realty - Glen Head, NY

Just don't do it on a day when you'd rather be doing something else.

Jun 29, 2010 05:07 PM
Aaron Silverman
SuccessfulRental.com, Bluewater Property Management, LLC and Lowcountry Turnkey Properties, LLC - Charleston, SC
Improving Real Estate Experience through Education

I require open houses of the Realtors that list my homes.  I want the feedback and foot traffic.  It does not matter if the listing agent does it or if it is passed off to a junior agent. 

Jun 29, 2010 05:11 PM
Sergio DePinto
Royal LePage Maximum Realty.,Brokerage - Greater Toronto Area - Vaughan, ON

Sham... it looks like you've had some success's at open houses. It's a topic that really has created some debate in recent years because of certain issues like safety, home security, productivity, etc... However, it all depends on the property, the neighborhood, and the the attitude and objective of the agent hosting the day. I think Ellen said it best in her comment.

I think you gave this topic a fair appraisal.

 

Jun 29, 2010 05:16 PM
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

Always should be done. I work referrals. If you are interested let me know.

Jun 29, 2010 05:22 PM
Wade Kawahara
Dominion Real Estate Partners, LLC - Phoenix, AZ

That is a great way to get additional business as well as keep your seller happy.

Jun 29, 2010 05:43 PM
Richard Green
U.S. Cybertek, Inc. - Houston, MO

Open houses are great in densely populated areas, but when you are working with rural real estate, like farms and ranches 40 miles from anything, you have to rely on other methods of attracting buyers. Online advertising is usually a really good solution in cases like that. I like what you said about just providing the information and letting the clients decide to work with you. Once the client makes that choice for themselves they are usually very loyal and are also willing to recommend you to family and friends.

Jun 29, 2010 05:56 PM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Ed in # 6:  Asking for referrals and soliciting business in the comment section of someone else's blog post is considered Comment Spam.  This is Sham's post, not yours.  Please Be Fair !

Jun 29, 2010 06:51 PM
Sham Pathania
SAVE MAX FIRST CHOICE REAL ESTATE INC. - Mississauga, ON

 Open houses is also a free marketing tool !

Thanks everyone for stopping by.

Jun 30, 2010 05:57 AM
Joe Quintal
Royal LePage Supreme Realty - Toronto, ON

Hi Sham

 

i use open houses for referrals and soliciting the neighbours.

They have worked for me, It is also another form of exposure for your Seller.

 

Cheers!!!

Jun 30, 2010 06:58 AM
Sham Pathania
SAVE MAX FIRST CHOICE REAL ESTATE INC. - Mississauga, ON

Joe,

Its good to work in the neighborhood and with the people you have worked before. It will give you dividends at later date.

Aug 10, 2010 01:47 AM
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