Are Open Houses A Thing Of The Past?
Last week I heard a prominent Albuquerque Realtor on the radio, saying that her team does not do Open Houses anymore, because they believe it was a thing of the past. She cited a NAR study which stated that approximately 80 percent of homebuyers surf the internet to look for homes. She also had a few other reasons to justify her position.
Now whereas the NAR study might be correct, I do not believe that there is a one to one correlation between the two; so I am in total disagreement with her. In my experience, I find that Open Houses are great for business. Having said that, I concede that I might just be out of touch with reality; I have only been in the business for 2 years, so it's hard question the position of the movers and shakers of out business. I would hate to be on the wrong side of this debate, since it could cost me dearly. I would really appreciate feedback from everyone, especially buyers and sellers.