Statistics say that only 3% of homes are sold via Open Houses. I think realtors prefer NOT to have an Open House, because it seems like a waste of a perfectly good afternoon, but correct me if I’m wrong. Maybe it’s a good way for realtors to get sales leads.
My neighbor’s realtor has an Open House every other weekend. First, it was the obligatory Sunday 1-4pm. This weekend, they tried something very wild. They did it on a Saturday. Ooooooohhh, they’re wild and crazy over there!
My guess is the owners are putting pressure on the realtor to work hard for them.
I don’t care how many Open Houses that guy does, he’s not going to sell a $450K townhouse for $540K. (eer, I mean $530K – they just had their first price reduction).
So why doesn’t he just say, “take your damn listing and shove it, because no matter how many Open Houses I hold, I can’t sell a $450K townhouse for $530K!”
How many serious buyers go to an Open House? If they are interested in the house, they’ll go with their realtor, because they will pick one day to see ALL the houses they want to see. Only looky-loos go through the paper, circle all the Open Houses they want, and then go to them. Serious buyers don’t limit their Saturday afternoon to looking at the houses that happened to be Open Houses. So it’s a complete utter waste of time. But hey, if the guy gets his jollies sitting in a vacant townhome on weekend afternoons, who am I to burst his bubble?
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