I Love Open Houses

By
Real Estate Broker Owner with Island Style Realty Inc. RB-19250

Open House SignI 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.

Posted by

 

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Randy L. Prothero, REALTOR®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

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Location:
Hawaii
Tags:
real estate
open houses
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century 21

Comments 22 New Comment

Ambassador
2,030,419
Todd Clark
Broker - Beaverton, Oregon Real Estate Expert - (503) 524-9494
Keller Williams Realty

I also love open houses! They are a great way to meet new buyers and sellers. I've been noticing a lot of sellers coming to open houses to meet their agents.

June 04, 2007 01:14 AM
Rainmaker
573,438
Neal Bloom
Realtor CRS-Weston FL Real Estate
Keller Williams Properties, Weston FL

Randy,

As TLW said..the same goes here ..they do not work well in our area... no idea why...just the way it is..I would do more of them but I find I can be more productive doing something else instead of waiting for 1 person to come by and not even know what they are looking for. They just do nor work here and most agents tell the sellers they will not even do them. I believe it is an old fashion part of our business..back in the late 90's in NY I did them every weekend and only sold one in 11yrs. If it works for you then go for it baby. or should I say Daddy Randy. LOL!

June 04, 2007 10:21 AM
Rainmaker
617,282
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.

Todd - I is a great way to meet people and the signs on the road give me exposure.  I get comments regularly that I must be busy because they see me a lot.

Neal - Each market is different.  Ours has has been open house friendly.  When I was starting out open houses were my best source of generating leads.

June 04, 2007 01:18 PM
Rainmaker
573,438
Neal Bloom
Realtor CRS-Weston FL Real Estate
Keller Williams Properties, Weston FL

Randy,

I have picked up buyers at open houses ..but they were for other homes. When the seller asks me about it I tell then that they won't be thanking me ..I will be thanking them for picking up a client LOL! Nothing wrong with doing them if you have a market for them. I know they are very popular in CA.

June 05, 2007 10:22 AM
Rainmaker
617,282
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.
Neal - I am showing property today with a new buyer I picked on Sunday at my last open house.  So it is not all bad.  That listing is in escrow with a buyer who came to a previous open house.
June 05, 2007 01:10 PM
Rainmaker
617,282

Randy Prothero

Hawaii REALTOR, (808) 384-5645
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