Real Estate Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Do Open Houses Work?


What are the odds that you'll find your dream at a Sunday open house? What is the likelihood that your home will sell at an open house? Open houses are an integral part of the home sale business. But, do they work?

There are two types of open houses. One is for real estate agents. The purpose of the broker's open house is to introduce a new listing to local agents. The chance that a home will sell as a result of a broker's open house is relatively high. Serious buyers usually work closely with agents in order to find a home. By exposing a listing to more agents, you increase the number of showings to bone fide buyers.

Sunday open houses are more of a hit-and-miss proposition. When a home is open to the public, it is open to anyone who wants to take a look. Not everyone who walks through will be a legitimate buyer.

Some open house visitors will be neighbors. This is not all bad. Some neighbors have friends or relatives who may want to relocate into the area.

Most people who visit open houses are directed there by the signs. This means they don't have much information about the house when they walk in the front door. So even when open house visitors are legitimate buyers, they may not be well-qualified for the house in question. They may need a larger house or a smaller house, or something more or less expensive.

The biggest beneficiary of a public open house is often the agent holding the house open. Open houses give agents an opportunity to meet prospective home buyers and sellers face-to-face in a relatively non-threatening environment. An open house can be a source of future business leads for the agent.

From a seller's perspective, there are pros and cons to having a home held open to the public. On the positive side, an open house gives buyers' agents the opportunity to send their clients through the property. Buyers who may be reluctant to make an appointment to see a new listing, will often be willing to stop in at a Sunday open house. Sometimes, they are pleasantly surprised by what they see.

Buyers' agents sometimes make the mistake of screening listings too carefully for buyers. When this happens, one of the only ways buyers will be exposed to a rejected listing is if they find it on their own at a Sunday open house.

Open houses can be abused, however. If a listing is open all the time, there's no reason for a buyer to make an appointment to view it privately. The most productive showings occur when buyers visit a listing with their agent, privately--without the distraction of others.

First-Time Tip: From a buyer's perspective, visiting Sunday open houses can be both informative and misleading. One way to learn market value, and to educate yourself about the inventory, is to look at a lot of houses. Touring Sunday open houses is one way to see a lot of houses in a short period of time. However, if you limit your home search to only those homes that are held open to the public, you may miss out on good listings. Some sellers don't want their homes held open to the public. The only way to see these listings is by appointment.

The Closing: Well-priced listings sometimes sell before they are ever held open to the public. Don't wait until the open house to see a hot new listing if your agent tells you that it might sell quickly.

For More Information on Selling your home quickly visithttp://www.webuyhouseshome.com Unlike other so called We Buy Houses websites, Rescue Real Estate gives you every available option for selling your home. Simply complete our short 1 page form, and get anonymous online access to our team of specially trained REALTORS®. Then, in as little as 48 hours, you will begin to receive offers to purchase your home from our nationwide network of real estate investors. Click Here to sell your home quickly and compare agents.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Forbes

Why Real Estate Entrepreneurs Should Retire The Term 'House Flipper'
Forbes
Working in real estate for five years now, however, I have the learned the vast difference between reality and reality television. One big thing I've realized along the way is that the term “house flipper” is quite often a misnomer. In fact, I'd even ...



Forbes

How A New Agent Can Claim A Territory In Real Estate
Forbes
When one decides to start in real estate, their family and friends are typically ready to support them in their new venture by connecting with the new agent to help buy or sell. But, how does a new agent connect with locals in their area beyond friends ...

and more »


Forbes

The Fundamental Difference Between Single-Family And Commercial Real Estate Investing
Forbes
When it comes to real estate investing in single-family residences (SFRs) versus commercial real estate (CRE), there is a common misperception of grouping the two into the single broader category of "real estate investing." Grouping in this manner ...



Forbes

Three Ways Commercial Real Estate Lenders Are Going To Change The Way We Work
Forbes
When I first started working with large multifamily lenders, I was surprised how few of them made loans for apartments under 50 units. Since larger transaction volumes support larger fees, it makes sense that nearly all of the major real estate lenders ...



Forbes

Real Estate Agents Answer: What Should Buyers Look For In A Home?
Forbes
Suddenly, everyone seems to have an opinion on which features your new home needs to have. We thought we would take this debate to the experts to settle it once and for all. In that light, we asked real estate agents what buyers should look for in a home.



Riverfront Times (blog)

St. Louis' Real Estate Market Just Keeps Getting Tighter and Tighter
Riverfront Times (blog)
If you're seeking to buy a reasonably priced house in the St. Louis area, may we offer our condolences? The region's real estate market, which has been on a hot streak for a few years now, just posted another set of monthly numbers that speak to just ...



Hartford Courant

Real Estate Alphabet Soup
Hartford Courant
BPO (Broker's Price Opinion): The real estate broker's opinion of the expected final net sales price, determined prior to the acquisition of the property. CMA (Comparative Market Analysis): The analysis used to provide market information to the seller ...
Common Mistakes Real Estate Investors Make Early On And What To Learn From ThemForbes

all 6 news articles »


seattlepi.com

Thurston County remains hot in a cooling real estate market
seattlepi.com
Thurston County remains hot in a cooling real estate market. Blame it on the affordability. By Zosha Millman, SeattlePI. Updated 11:51 am PDT, Wednesday, September 19, 2018. A bright home with laminate floors, soaring ceilings and air conditioning.



Bisnow

In The Changing World Of Commercial Real Estate, A Degree Is Becoming A Requirement
Bisnow
For Casey Flannery, an administrative job out of college at a commercial real estate firm in Memphis, Tennessee, soon sparked an interest in trying her hand at brokerage. But it was only after Flannery, 29, took that position that she realized the ...



Real estate transactions in Greater Fall River: Sept. 21
Fall River Herald News
Dartmouth. 21 11th Street, for $342,000, from John L. Rogers to Linda J. Mackler. 20 8th Green Drive #20, for $415,000, from Leonard M. Grandfield to Maria E. Martin. 2 Clarks Cove Drive, for $1,100,000, from Richard A. Shuster to Mario Gomes. 516 ...

and more »

Google News

home | site map
© 2006 TIGER MEDIA