Why do Open Houses? Read on.
Some agents do not like to do open houses, many feel it's a waste of time or they are just going to appease the sellers. I find this to be especially true with Agents that have been in the business for a long time.
I've been in the Real Estate business for over 20 years and I still do open houses.
I write this blog because of my open house experience just yesterday. I took a listing as an office exclusive for a nice home in an adult community, priced it right and held a 3 hour open house.
The result - I wrote a contract for over asking price ( all cash deal ) one hour after the open house started and received 2 additional offers. I had 3 people ask me to perform a CMA for the sale of their homes and picked up 4 buyers! All in all I'd say it was a really good day at work and time well spent. My seller and buyer are very happy with the result and so am I..
When I was new in the business I started out doing open houses for other agents listings to help build my business. yes it was time consuming and I didn't always make a deal but in the end it proved to be quite helpful. In fact, I'm still receiving referrals from some of the customers I met many years ago.
Do open houses work? for me they do.. I hope this blog will inspire some of the newer agents to get out there and do some open houses. I can assure you it will payoff in the end.
Good luck with your business and I wish you all a prosperous 2019!
As we are approaching the spring market - lets make it a great year.!