| If you are a real estate agent then an open | | | | will actually sell your home during the open |
| house is a prospecting tool rather then a way | | | | house process. Many real estate agents have |
| to sell the home they are showing. There are | | | | confessed that they haven't sold a single |
| many reputable real estate agents that won't | | | | home through an open house, but have obtained |
| host their own property's open house. They | | | | names and numbers of prospective home buyers |
| opt for a newer agent to take on the job. | | | | and successfully sold them other properties. |
| | | | |
| It is common for a listing agent to pass the | | | | This doesn't mean that it never happens |
| job on to someone else even though they could | | | | because it does, just not very often. When it |
| be there if they wanted to be and keep all of | | | | comes to selling real estate every bit of |
| the commission. They are offering half of | | | | exposure will increase your odds of selling. |
| their commission if the hosting agent sells | | | | Just keep in mind that it is more about being |
| the home. Real estate agents don't feel that | | | | an effective prospecting tool for your agent |
| an open house is how a home is commonly sold | | | | rather than being all about selling your |
| to someone so this act isn't considered high | | | | home. |
| risk. | | | | |
| | | | For some families it may or may not be worth |
| Despite this fact agents who tell you to hold | | | | the trouble. Some families find it difficult |
| an open house are doing it for two main | | | | to get a time frame set up to hold an open |
| reasons. Agents want to prove that they are | | | | house because of their busy lifestyles. Other |
| doing everything in their power to sell your | | | | may have plenty of free time and are more |
| property even if they know it isn't highly | | | | than willing to do whatever it takes to get a |
| effective for the seller. Mainly they are | | | | qualified buyer interested in their home. |
| suggesting you hold an open house to use as | | | | |
| their personal prospecting tool. | | | | The homeowner's who do decide on an open |
| | | | house to increase their odds of a successful |
| During an open house a dozen couples that are | | | | sale should hide all of their valuables and |
| looking for a house come to your home and | | | | breakables before guests come over. Some |
| begin by signing in with their names and | | | | agents request that you leave your valuables |
| telephone numbers. This may seem like an | | | | on display to give the home a nice appearance |
| opportunity for you but it is more for the | | | | but don't listen to them. It is likely that |
| agent. The main reason is to get a list of | | | | parents will bring their children. If you |
| prospective buyers to work with. The majority | | | | decide to leave things in their place then it |
| of the couples that come by will be looking | | | | is recommended that you set up a camera |
| for homes that aren't anything like yours. | | | | because neither you nor you hosting agent can |
| | | | watch everyone all the time. |
| Basically it isn't expected that an agent | | | | |