You very rarely get a buyer from an open house. If you want to open your home have your agent do an agent's open house and cater it. This brings in buyers agents and you are trying to get their attention so that you get them to see why your home is better then the others in the area.
I'm not sure if you contacted anyone or if you are working with an agent yet. If you have not signed with an agent yet you should. You can go to NCREC and they have a section that shows having your home listed with a broker sells your home quicker and for more profit!! Having a broker with great negotiating skills is a must. Please feel free to call me to help you get the RIGHT house for the RIGHT price!!
Thank you again for this opportunity to serve you, I realize you have a choice of Real Estate Brokers, so I truly appreciate your business.
Your dedicated Real Estate Broker,
Broker/REALTOR, Serving NC and SC
Keller Williams Ballantyne
In my opinion open houses do not necessarily bring a buyer. However, it has been my experience on two occasions that I have actually sold a home at the first open house I held for a property! Ask your agent how she is marketing prior to the open house. I'm sure they are doing what needs to be done to showcase your home! Good luck!
Thanks so much and I appreciate the reminder.
On the other hand, broker open houses are pretty good - to get the word out, to double check if the price is ok, to inspire agents to call their clients because the house shows better than they thought from the pictures, and some brokers do bring their buyers along - which could make it work.
Hope this helps,
Beachfront Realty, Inc.
I haven't held an open house in years regarding any of my listed properties. Early in my career I completed a few open houses and in return gained lots of buyer leads. None of the buyers were interested in purchasing a house through an open house...just "looky loos" and neighbors comparing home upgrades. Most importantly, safety of the agent and the seller's assets may be jeopardized when you invite anyone off the street in to your home. There is no way an individual agent can manage multiple traffic in your home when folks are roaming from room to room.
Serious buyers and their agents will make a private appointment to see a property they are contemplating buying...always. Good luck to you!
For the most part I agree with your agent. Now I have found that if there are other units in the area that are for sale and all of the agents advertise together that people can come and see several units during the same time period, this seems to help. I have gotten a lot more activity on that type of Open House.
Most other open houses that I have done I have spent hours sitting in an empty home trying to stay awake. On the other hand, I did write one offer at an open house, so it can happen.
Have a blessed day
The probability is low. Instead, you should see about having a 9 day bid sale and offering the property at a low price and have it bid up. You will get a lot more traffic. Just make sure that you run it like eBay does (ie no counteroffers) so you don't violate not having an auctioneers license. This is a creative way to sell in this market.
Hope this gives you another perspective.
We had 4 agents in my office in the past year find buyers for the homes they were hosting at open houses. I hosted an open house and some visitors ended up buying it (they had their own agent). The more traffic in your home, the greater your chances are to sell it. Even curious neighbors may know someone who knows someone.... I host open houses often - some have traffic and others not. Now that the holidays and football season is over, I would encourage your agent to host an open house or recruit a fellow realtor to host one.
I agree with your agent that it is usually just a way that agents pick up more buyers. I must admit though that in one of my open houses, I did take a contract on the house. It happens. The biggest advantage to you is that you may have more people see you house. Of course, they may be neighbors, but that is not always bad. Bottom line, I seldom do open houses.
The best way to sell a house is to know the immediate area (1 sq mile or your complex) market and price your house according.y. Over pricing your home usually hurts you in the long run.
You profile says that you are a real estate pro. Yet you have an agent? confusing.
A CAR study shows that the buyer that purchases the home first sees it with a Realtor 90% of the time.. I see no stats on open houses.
So if you have not receiving showings, that means that the Realtors are showing other properties.
No offers, same reason.
Buyers want value!
Homes that sell in the first 30 days sell closest to asking price, so for many reasons, price it right, and tet it sold. Don't play the waiting game.
Most of the time, it is just to meet buyers but you never know. It only takes one person.
A good rule of thumb for homes easily found on the internet is that buyers, when searching on the computer for a home, are looking for any reason NOT to inquire further on your home. You need to make sure that poor marketing isn't getting in the way of a potental sale.