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Good Business Produces More Good Business...That's How We Make Money!!

By
Services for Real Estate Pros with RE/MAX Executive Realty - Happily Retired 104763

I just read a featured post written by Gita Bantwal titled “Only Three Families Came to My Open House” and a comment was made that struck a nerve with me!!   We are listing agents, and open house events are a standard happening for us every weekend.

When we provide an open house for a resale property, we present the home properly, and we represent the seller to the nth degree.  The more activity we generate through that home, the better the chance of finding the right buyer. 

We never do an open house with the intention of finding our own buyer; we never provide an open house to find other potential clients, but it happens; we never hold a house open to create a platform for other potential sellers to see how we represent a property, but it happens; and if we can secure other business from this one open house, we let it happen.  We are very happy when it happens.

It’s part of doing business.  It’s good business.  It’s business that is secured fairly and with no harm to the sellers.  Other business happens, and that’s not pathetic.  It happens to be what we do for a living.  We do business.  Other business happens from listings and from buyers.  If one never experiences that situation, it’s time to review your methods of marketing. 

An open house is a form of marketing.  It’s a marketing method that is multi-faceted and can provide an incredible amount of new business.  It’s a method of marketing that every listing agent must provide for every one of their sellers and for their own benefit.  An open house event, if marketed properly, will result in many transactions, and one of those may just be the sale of the subject property. 

Posted by

 

 

Barbara Todaro, Great Grandmother to Caleb, Santino, Aiden and Gianni       

Todaro Team - Retired

508-918-9148

               

             Copyright © 2009 - 2021 Barbara Todaro

                               All Rights Reserved



 

Comments(21)

Merline D Pennant - New homes, Short Sales and Pre-foreclosures
Regal Realty of the Treasure Coast LLC - Port St Lucie, FL
New City, New Towns, New homes

Good business just produces good business thanks for your words of wisdom Barbara.

Nov 19, 2013 06:32 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Barbara, Thank you for mentioing my post. I know you are successful with your open houses because you and Lorraine have consistently been top agents in the region. Thank you for sharing your marketing tips with us. Suggested!

Nov 19, 2013 06:33 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Merline....when you provide good business, other want to do business with you.... when you give quality, the results are usually quantity!!!!

Nov 19, 2013 06:34 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Thank you, Gita.... open house events are a wonderful method of marketing, and the results can produce many new business opportunities....

Nov 19, 2013 06:36 AM
Judith Parker
ProStead Realty - Charlotte, NC
CRS, GRI, CMRS, Charlotte, NC

Good evening Barbara, great post on open houses and how marketing them the right way is good business practice that attracts more business.  Suggested!!

Nov 19, 2013 08:15 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Judith.... any method of marketing that has the potential to attract a variety of business is well worth the effort....

Nov 19, 2013 08:19 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL
Hi Barbara, you're so right, open houses when done right, do generate business, great tool for all listing agents. I've actually sold one house through an open but gained many buyers and sellers.
Nov 19, 2013 08:48 AM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

A seller called me once who was listed with another agent. The seller's home was on the market. Her agent was hosting an open house, the seller had come in to the house via the garage and the agent didn't know the seller was there. She overheard a buyer say this house wasn't the right one for them and the agent said there was another listing in the neighborhood she would be happy to show the buyer. The seller was very angry and was calling because she thinking of firing her agent. I told her exactly what you said here. While the intention is to sell the open house, business happens. When it does, I'm certainly not going to turn it down.

Nov 19, 2013 09:15 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Anybody that comes to an open house, in my book, is good.  Even if it's one buyer.  Then again, I'm always an agent that believes no one should turn down rental clients.

Nov 19, 2013 10:00 AM
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Barbara  Good business breeds good business.  When you are successful you just keep doing what works.

Nov 19, 2013 10:42 AM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Barbara....People Watch you(us) then take action. Some might follow your open houses, advertising, Online Presence, than Call! And you are correct exposing your Sellers home with Open Houses or by other means to the Buying Public is what we do.

Cheers, have a fun and successful week!

Nov 19, 2013 11:37 AM
Lana Robbins Realtor ® Licensed Real Estate Broker
Aloha Kai Real Estate - Clearwater, FL
Licensed in Florida, Washington, and Hawai'i

Hi Barbara. Obviously some people see the value in open houses while some people don't. We do them for a variety of reasons. One of them being uh... business :)

Nov 19, 2013 01:12 PM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Yes, when you provide a good model of success, people are attracted to it and you can repeat it.

Nov 19, 2013 02:51 PM
James Dray
Fathom Realty - Bentonville, AR

I've done no telling how many open houses, made good advertisement with all the bells and whistles.  You just got to be the advertising guru like you are.

Nov 19, 2013 04:05 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning, Barbara. Like in any business, real estate agents not only are marketers but they are professional (or should be) salespeople.

Nov 19, 2013 07:12 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Barbara.  Open houses are just the many ways that you market your properties.

Nov 19, 2013 07:40 PM
Jeanne Dufort
Coldwell Banker Lake Country - Madison, GA
Madison and Lake Oconee GA

Whatever you choose to do, do it well - that's a lesson I was taught early in life, and one that stays with me. 

Nov 19, 2013 08:22 PM
Jared Garfield
Rich Life Real Estate Team - Buford, GA
Invest With The Best For The Highest Returns!

Barbara, 

That's a win-win attitude that accomplishes a lot for your business, and for the sellers.  I have no doubt that your open houses are great marketing events for all involved!

Nov 19, 2013 08:56 PM
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

Barbara, this area just does not attend open houses. Two years ago we had a Parade of Homes Open House Weekend and I sat for eight hours two days in a row. I had two tire kickers in sixteen long hours.

Nov 19, 2013 10:48 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Tom.... glad I don't live in your area....

Nov 19, 2013 10:59 PM