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YES! I Will Hold Open Houses for My Real Estate Sellers!
I recently read a blog post from a REALTOR® (yes, it was a REALTOR®... IE: Member of their local Association of REALTORS® and subscriber of the REALTOR® Code of Ethics... not only a real estate agent) who absolutely refuses to do open houses, no matter what. Now this particular agent was very well educated on the statistics of how buyers find the real estate properties they buy. And many good reasons were given as to why open houses were not productive.
Statistics given, which were obtained from the National Association of REALTORS® were...
Approximately 90% of all real estate buyers now begin their real estate search online. 36% of those buyers actually find the house they eventually buy, from their online data. 36% find their home from their REALTOR® (Click here for differences between REALTORS® and real estate agents) most likely through the Multiple Listing Service (MLS) and their own knowledge of current market listings. 12% will find their home from a yard sign. 6% will find the house they purchase from a friend, neighbor or relative. 5% will purchase new construction from the builder and/or builder's agents 5% is unreported. Now I don't begrudge this particular agent for refusing to ... more

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