Quote:
Originally Posted by billybob123
What's the point of an open house? Have any of the realtors on here ever sold a house from an open showing? As a buyer, I'd far rather see the house on my own (with my realtor or not) than during an open house where I'm being pressured in any way. Do they work at all? The house we bought had open houses every weekend all summer, yet was on the market 100+ days.
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It's rare, but yes I have sold places and generated offers from open houses. I typically hold them on listings where you know you will get traffic from more than just neighbors. Having said that , sometimes neighbors can spread the word to their friends who are looking to get on to the street.
Sometimes active buyers who are using another Realtor, will peruse the neighborhood during a search without their Realtor, and that can also generate a subsequent visit or an offer.
I generated an offer on a 7 figure listing in an open house 2 weekends ago. But yes, this is a rare situation.