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Rainmaker
1,385,024
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

We do about 2 open houses per month. Sometimes they're time wasters, in which case we always have a good book or a laptop with us. Other times they're busy and successful and have sold the home or gotten us new clients. 

Oct 04, 2015 08:38 PM
Rainmaker
1,635,442
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Yes; when we are short on inventory, we have a great network of agents even ones in other brokerages who will allow us to hold their listings open,

Oct 04, 2015 11:11 PM
Ambassador
1,576,005
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I'm guessing at 25 when I was a newbie.  I haven't held an open house in 11 years. 

Oct 04, 2015 10:58 PM
Rainmaker
882,261
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Mike Rock hit the bulls-eye. Done properly, there is not better tool.

I would add, not all houses are good candidates for open houses and there must be a PURPOSE.

If you don't know the PURPOSE, admit that you don't have one and regroup.

If you think the purpose is the sell the house, what is the strategy to identify the buyer and the incentive to make them pull the trigger?  If there is no clarity in this regard, there may not be real purpose.

Someone else's listing? Never.

Closed on a 300K this past Friday due to a strategic, purposed, open house. I did write about it earlier.

Oct 04, 2015 10:43 PM
Rainmaker
1,987,878
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Absolutely - I met lots of buyers when i was starting out by hosting other peoples' open houses

Oct 04, 2015 10:09 PM
Rainmaker
3,994,456
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have no idea how many; however when I first got into real estate I often held open houses.  I think they are a great use of time.  Tip = contact a FSBO and offer to host an open house for them.

Oct 04, 2015 09:54 PM
Rainmaker
1,854,933
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Yes, I've done open houses for myself and for others. Some are well attended, and some don't have any visitors (even with marketing to neighbors, using signs/balloons, posting a week ahead of time on all the major sites, writing a post). So it could be a good use of time (or not). 

Oct 04, 2015 09:23 PM
Rainmaker
2,435,686
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Hank. We flip an average of one house per month and have for many years. For every home we do an open house, but never for anyone else.

Make it a great week!

Oct 04, 2015 06:29 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Hank Dugie not many. I prefer very few open houses for my listings.

I only did one open house for my broker when I started in Real Estate. A first Sunday of Football season when local team was playing - and there were no guests!

Oct 04, 2015 05:25 PM
Rainer
230,924
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

done correctly, i think there is no single RE activity that is more fruitful, especially to new agents, But to any agent when they need a kick in the butt lead wise, or business wise, in my opinion, nothing comes close

Oct 04, 2015 02:10 PM
Rainer
145,203
Andrzej Niemyjski
Realty One Group - Sun City West, AZ

I had done few for REO properties that were going up for auction and that was one of the requirements 

Oct 04, 2015 03:43 PM
Rainmaker
778,495
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

We often hold these on each others listings.

Apr 11, 2019 10:43 PM
Ambassador
5,356,661
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

More than I can count, and yes.

Always good use of my time.

Oct 08, 2018 06:37 PM
Rainmaker
4,058,400
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Sooo many.

I have held open other agent's listings especially when I was new or had my own listing that was coming on the market in the neighborhood.  I typically don't hold open other agents' listings. 

Open houses when properly marketed can be good exposure for the property as well as an opportunity to meet neighbors and potential sellers.  

Tips.  For me lots of directional signing.   Preparation - brochures - market reports/updates - neighborhood information.     

Biggest tip -- the right attitude.  For those agents who don't like or think open houses are a waste of time --- please don't do them -- you are doing no one a favor.  

Oct 11, 2016 08:51 AM
Rainmaker
202,542
KAREN SANCHEZ
Hamilton Landon Real Estate - Apple Valley, CA
...Marketing your home like no one else will.

When I started out I worked other agents open houses, great way to learn. Now I think it's a great way to mix it up.   Switch open houses with another agent.  

Oct 05, 2015 09:22 PM
Rainmaker
639,792
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

I've held quite a few in my 18 year career and held for other agents when starting off.  This is not for me but other Realtors make the bulk of their income through holding them.

Oct 05, 2015 11:40 AM