Normally when agents have caravans going from one listed home to the next, it's a dizzying showing of what's new on the market in a very short period of time. Agents don't spend more than 5 or 10 minutes doing a walk through. For me, it's a fast way to preview homes.
Oops, sorry, this Jaguar is from an earlier Tour d'Elegance, not caravan, but more fun to look it.
In this seller's market, caravans are probably not as popular because the homes sell so quickly. In fact, several of them were already in escrow but looking for "backup" purchase contracts just in case.
What did astound me was how much business was actually conducted during the caravan that had nothing to do with the homes we were seeing. Because there are so many escrows and transactions in various stages going on, this was an excellent opportunity to draw an agent aside and touch base on them.
And also because homes go under contract so quickly, appointments to take clients through at a future time were also set up right there and then. In fact, agents were calling their clients as we were walking through to set up showings.
In this market you snooze, you lose. One agent came back with her client and is now writing an offer on my listing that was part of the caravan.
Don't underestimate or poo poo going on caravans. A lot of business can be done in a very short time.