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Posts from December 16th, 2024

Common Sense Real Estate

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Curious Agents | 7 Posts
December
16

I have seen several agents negatively post about the effectiveness of open houses saying that they are a waste of time and only serve the agent by putting them in touch with potential new clients. While there is some truth to that, they are missing a huge component of what it means to be a professional in real estate.

The most recent NAR survey shows that about 2% of homes are sold via an open house. Here is what that looks like... an agent holds an open house, an unrepresented buyer comes through, loves the home and decides to place an offer with the agent hosting the open house.

What this doesn't account for are the buyers who already saw the...

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