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07-06-2005, 04:26 PM
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#1 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,051
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Open Houses
On average, honestly, how many open houses do you do a year? Have your results been worth your time?
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07-06-2005, 04:42 PM
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#2 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,003
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I would say between 3-5, depending on the client. I do not feel that they are worth the time, but every once and awhile I will get a picky, picky seller, and in that case, of course I do it!
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07-07-2005, 10:12 AM
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#3 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Jul 2005
Posts: 328
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I only hold open houses if the seller insist on them. However when I go to the listing appointment I do point out that open houses are just a marketing tool for the listing agent and less than 1 % of home sales come from holding open houses.
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08-11-2005, 05:45 PM
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#4 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,124
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I am with you guys...I only do them if I have to. In my past experience, they have basically been a waste of time..but, they make your client happy in the end!
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09-21-2005, 07:06 PM
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#5 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,124
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For the time spent they are not worth it in productivity. I know it is a rare occasion that the buyer for the property will come through an open house. It does happen though.
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09-22-2005, 01:14 PM
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#6 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Aug 2005
Posts: 347
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I heard that they can be productive however I do know lots of new agents that spend lots of time in open houses and the return seems to be pretty minimal but maybe they just are not putting out enough signs. It is definately more productive than nothing if you don't have any other deals and clients going on.  |
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09-22-2005, 09:36 PM
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#7 (permalink)
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Status: VIP Real Estate Forum Member
Join Date: Apr 2005
Posts: 1,124
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It is definately better than nothing. I did one just about every weekend for a couple months and there were a few potential clients. One ended up running me around for about 3months putting in 12+ hours of time, showing to the whole family even parents from Germany who went over every last detail of the house, only to blow me off. I definately had my initiation with that  |
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09-28-2005, 10:05 PM
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#8 (permalink)
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Status: Moderator
Join Date: May 2005
Location: Portland, OR
Posts: 477
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I've done about a dozen and finally gave up altogether. Most people who come by to open houses these days already have agents working for them, or so it seemed anyway.
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