Zillow Advice: Home Selling - Are open houses really a thing of the past? http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ Zillow Advice | Zillow Real Estate Open houses are sometimes ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ Open houses are sometimes affective and sometimes not.It depends on the market. In a hot seller's market there is no need as the home will sell itself if priced and marketed correctly. In a buyer's market a listing agent needs to use every tool possible to get the buyer to submit an offer on their listing and not the one next door. Thu, 19 Sep 2013 17:24:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T17:24:00Z Open houses do not sell houses.I ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ Open houses do not sell houses.<br/><br/>I would not want you there during my open house.&nbsp; If your Realtor is afraid tell her to bring her husband or a friend.&nbsp; Usually my sister and I do them together.&nbsp; If not we bring a Niece along who hands out information sheets and gets the buyers to register.<br/><br/>You run the same risk of exposing the property to would be robbers when Realtors show it.<br/><br/>It is a bad idea for you to do the open house on your own. Thu, 19 Sep 2013 14:20:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T14:20:00Z Hi,Open houses are one of ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ Hi,<br/><br/>Open houses are one of the pieces of the marketing strategy that bring traffic to your home. The general premise is more traffic leads to better exposure. and that leads to a quicker sale. If you remove one of the marketing strategies, you can still sell the house, but may be limiting your buyer pool.<br/><br/>All the best,<br/><br/>Arpad<br/><br/> Thu, 19 Sep 2013 04:11:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T04:11:00Z I thought I had made my last ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ I thought I had made my last comment but I guess not. I do have a woman on my open house team that will not do an open house alone. I fully understand this concern. As someone else mentioned, the agent could ask a co-worker to sit the open house as a partner. Thu, 19 Sep 2013 04:07:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T04:07:00Z Ask your agent is one of ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ Ask your agent is one of the other agents in her office would be interested in sitting it open.&nbsp;&nbsp; True they can be dangerous - make sure to put valuables away.&nbsp;&nbsp; Suggest agent hold open with lender.&nbsp; <br/>Open houses are great though rarely do they actually sell the home. Thu, 19 Sep 2013 03:52:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T03:52:00Z I feel open houses are very ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ I feel open houses are very important for exposure and for potential Buyers to see it. If your Realtor is concerned about her safety at an open house she can have someone there with her so she is not alone. It is not suggested to have the Seller at the open house as it makes it uncomfortable for the Buyers to be able to view and comment on it freely. &nbsp;Hope all works out for you. &nbsp;<br/>&nbsp; &nbsp;&nbsp; Thu, 19 Sep 2013 03:39:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T03:39:00Z With so many people on the ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ With so many people on the internet, open houses have become less of an attraction. Why go there when you can rule something out based on pix, video's and google map street view to navigate the street and neighborhood Thu, 19 Sep 2013 01:37:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T01:37:00Z When these 4 things are in ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ When these 4 things are in perfect balance, a house will sell: Price, Terms, Condition and Location.<br/><br/>For an agent, the only thing they&nbsp;may be able to&nbsp;alter is Price &amp; talk about condition. For an owner, the things they can adjust are Price and condition and sometimes Terms: offering financing, quick move in, etc. If your home is priced the same as your competition and nothing is moving, you may need to lower a little. Another tactic to try&nbsp;is to offer something of value to the buyer who buys at full price: a trip for 2, a new&nbsp;lawnmower, etc. "Buy this home and receive a brand new Lawnmower at closing! (conditions apply)"<br/><br/>Open houses are most effective for agents who need more buyers and sellers. They hope to capture the people who attend as clients. The open house signs are also free advertising. &nbsp;I've&nbsp;sold maybe 4 or 5 homes over the years to people attending that specific home's&nbsp;open house. I've held&nbsp;tons of open houses. I've put up multiple&nbsp;signs in dangerous traffic situations in rock hard ground&nbsp;and arrived, less than fresh, to open houses that attracted nobody only to go and collect all the signs a few hours later.<br/><br/>In hot markets with lots of buyers,&nbsp;open houses&nbsp;are more effective than in slow markets where nobody is out looking. They are also more effective in an area with lots of traffic nearby that can be directed to the house with signs. My&nbsp;city has a population of a little over 150,000. I could well imagine how futile open houses may be in small towns during a slow market.&nbsp;As agents, we occasionally hear of another agent who was raped or worse in an open house or while meeting clients at a vacant house. These are very scary prospects.<br/><br/>Hopefully, some of this information helps. Thu, 19 Sep 2013 01:07:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-19T01:07:00Z It's like this it is going ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ It's like this it is going to matter or it isn't ... you don't know so when your client asked you to hold one you should.<br/><br/>I remember when I was way younger and my first job was a grocery store. Boss said that if someone asked you 'do you have a particular item' even though you know we don't...say to them ' I'll go check and see.<br/><br/>It's called doing the right thing, when I drive up to a house that is falling down to do an estimation, I don't turn around...I give that customer the same respect as my high end clients.<br/><br/>And if I have to work on the weekend..which is the time most people (potential clients or buyers in this situation) are not working and can take the time and actually look at a home they maybe interested in.<br/><br/>We went on all of our road trips on the weekends, would we have went to an open house on a property we had been interested in?&nbsp; we did.<br/><br/>It doesn't matter if you say I will do it then turn around a give your client a negative statement making them feel you don't really want to... I would have fired the agent also.<br/>-Joseph-<br/> Wed, 18 Sep 2013 22:45:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-18T22:45:00Z Hello,The reality is that ... http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ Hello,<br/><br/>The reality is that most flyers, open houses and signs are design to attract the interest of neighbors, curious people in the neighborhood and some times prospect buyers.&nbsp;However, 14 out of 15 people visiting your home during an Open House and than&nbsp;realized that your home is not for them or is not exactly what they are looking for.<br/><br/>I am certain your&nbsp;Agent/Broker is an expert in your area, a very Successful and knowledgeable&nbsp;Realtor. But may be&nbsp;the techniques,&nbsp;marketing strategies or price may not be the appropriate for your home. In the past I've noticed that some&nbsp;Realtor just send random information to random people and seldom&nbsp;create an individualized&nbsp;strategy for each&nbsp;property they have for sale; it is&nbsp;like shooting thousands of bullets to hit&nbsp;a single target.&nbsp;Random open house will bring random people to your home, a strategic open house&nbsp;will&nbsp;bring the right&nbsp;people and traffic you need to sell&nbsp;your home.&nbsp;&nbsp;<br/><br/>I hope your home sells soon and that my comment was somewhat helpful. &nbsp; Wed, 18 Sep 2013 22:15:00 GMT http://www.zillow.com/advice-thread/Are-open-houses-really-a-thing-of-the-past/506173/ 2013-09-18T22:15:00Z