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12 Comments on FAQ ~ Will An Open House Help Sell My Home?
I agree. I think answering my phone and responding to inquiries works better than an open house, especially if the home is isolated from other homes on the market. And given most buyers begin their search online, why not be there to connect with them.
Here in the Dallas area, I've twice had instances where holding an open house led to a sale of that home. Like the weather, real estate is a local thing.
I think you are right that the importance of open houses differ from area to area. That said, I'm a big believer in them. I do think around here, an ultimate sale isn't linked to an open house often, but even if they are once in a while, open houses are worth it. They're also a networking tool.
Gretchen
Well said Emily. Most of our houses are isolated from others.
Lorrie...it is soooooo local. One size method of marketing does not work at all well for everyone.
Gretchen, when we do host a Brokers Open I agree it is a good networking tool, but usually not the reason for holding the event.
Mona, you are right , will an open house help sell my house it depends on the location. I did sell a house on one of my open house.
Kwee, your location is much more ideal for open houses...everything is so orderly and neighborhoods are so well laid out.
Nationally, statistics would bear your presumption out. Love your FAQ series! Good to see you!
So I haven't been around for a while . . . it must be a contest :) What a great idea! I am seeing lots of FAQ posts. Good job, Mona. I'll go check it out.
Mimi, I've missed you and glad to see you. The FAQ series is a good contest. Unfortunately, I didn't find out about it until the last 10 days of the contest so I've really had to work to get it completed.
Mona~ In all the years of been in the business, it's happened ONE time. The potential buyers walked in, fell in love and bought.
Donna, we've kind of had similar luck in that we got a listing for another house because the seller visited an Open House but I'm thinking that's not a great ROI!
You are right - it all depends on location. What works for one corner of the map doesn't work for the other. I think it proves that you know your area well and that you also know what works for your business and your clients.