Some real estate professionals are enthusiastic about the effectiveness of open houses. Another reason Realtors want an open house is for a "Brokers Open" (Brokers Only) to show off their Listing to Local Brokers.
These are a few reasons below to consider holding an Open House.
Home sellers like them. They like seeing their real estate professional working hard for them. Visitor feedback is good for sellers. Other real estate practitioners tour open houses and they sometimes produce sales. Open houses engage people, including friends and neighbors who might bring in a buyer.
It can help motivate some Sellers to do some fixing up, so as their Home will not embarrass them.
Some People are not big fans of the Open House and here are some thoughts.
Open House showings can attract lookers, however some survey state that less than 5% of buyers come through open house.
The best way to attract more buyers is higher a professional full time Realtor who is selling homes in this current market.
Some areas like Palm Beach have such hot Homes for sale that an open house may just attract lookie loos.
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