Special offer

Observations from an Open House

By
Real Estate Agent with Bucci Realty, Inc. BK3064647

Saturday I conducted an open house at one of my listings.  The weather was just too nice so the traffic was slow.

So I did what most ActiveRain bloggers would do in between visitors... I tried to draft a post

But I could not come up with a topic so I just jotted down a few thoughts and comments based on conversations with visitors. 

I was going to delete this draft after reviewing it this morning but some of the comments were useful and so here they are...

First, I do not have to justify my seller's list price.  The comparable market analysis was completed before the listing price was established.  There are sold comps to support the price.   Yes, I am sure your agent can come up with similar comps.

Second, first time buyers rarely have the knowledge to pursue a foreclosure.  No, this house is not a foreclosure.  But you say the cheapest house nearby is and the price is so appealing!  Prices are  low for a reason.   Your lender will not loan money on that house with a leaking roof, no air conditioner, appliances missing and who knows what else wrong.

Third, unlike people, all homes are not created equal.   A new roof vs an old roof, a remodeled bathroom vs original equipment, new garage doors and opener vs old doors, the list goes on.  Let me restate the obvious all homes are not equal even when they have similarities like age and size.

Fourth, the wife is very influential No further explanation needed!

So while I did not sell my house I did get a qualified buyer lead during the open house... from an old  ActiveRain post!

 

 Image courtesy of digitalart at FreeDigitalPhotos.net

Posted by

Gary L. Waters, is a Florida licensed real estate broker associate with Bucci Realty, Inc. in Melbourne, Florida.  

 Call or text me directly at 321-693-3850.

 

 

 

Enter your email address to subscribe to this blog:

Delivered by FeedBurner

Comments (8)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

You just never know Gary, I had a open house last month and pick up 3 buyers and got the home sold also.

May 16, 2016 01:47 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Will Hamm - True. I remember a long time ago I picked up five transaction sides from an open house. 

May 16, 2016 01:48 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Gary, The general public knows so very little about the real estate industry. Part of our job is to educate them on how pricing works, age, condition, etc. Nothing else needs to be said about the wife.  

May 16, 2016 02:05 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Kathleen Daniels - True.  While I did spend time educating I did not do anything for the wife except say yes ma'am and open the door...hashtag southern gentleman!

May 16, 2016 02:10 AM
Kathleen Daniels, Probate & Trust Specialist

Well done Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC 

May 16, 2016 03:00 AM
Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
Helping agents live an exceptional life!

My favorite is always, "this house isn't worth xxx". I want to say, "Oh really, and how do you know that?" You are so right on #4- in real estate and everything else!

May 16, 2016 04:09 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Chrissi Chapman Topoleski - Thanks.  Yep... the wife went out to the van and the husband continued looking. I asked why the wife left. He said, she doesn't like it at all. I knew the time was right to encourage him to take the hint from the boss!

May 16, 2016 04:15 AM
Chrissi Chapman Topoleski

As soon as the wife expresses disapproval I know it's time to move on!

May 16, 2016 04:41 AM
Winston Heverly
Coldwell Banker Access Realty - South Macon, GA
GRI, ABR, SFR, CDPE, CIAS, PA

What a super post, I'm glad I came across it in the archives. Thanks for sharing.

Jun 14, 2016 10:32 PM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Thanks, Winston. One of your recent posts inspired a post on one of my other blogs. I will re-post here and link to your "inspiration!"

Jun 16, 2016 09:30 PM