I have recently read several articles and a few blog posts questioning the effectiveness of holding open houses. I have also spoken to agents in other markets how do not feel they are effective.
I can say without any hesitation that open houses are alive and well on Oahu. I am sure there are many markets that have similar successes.
In the last few years I have not kept statistics, but I can say without hesitating that over half of my listings were purchased by buyers who visited my open houses. I have also picked up several clients.
I have two choices can sit by the phone hoping a buyer or their agent will call or I can put an ad in the newspaper, send out a hand full of e-mails, a few signs on the road and spend 3 or 4 hours greeting potential buyers. Not a tough choice for me.
I know there are extremely slow markets that are not seeing the kind of traffic that I have been seeing. The question is still the same. Are you waiting for the phone to ring or are you out hustling up buyers in some way?
Just my thought for the day as I prepare my flyers for tomorrow's open house.