55Do public open houses have a place in real estate these days when buyers can get so much information from photo galleries, floor plans and online mapping tools? Do public open houses benefit the seller or are they just a tool for the agent to get more business?

Here are reasons Nos. 1 and 2 of the top five reasons you should be doing an open house this weekend:

1. The more visits a house gets, the faster it will sell. As agents, we need to expose our listings to the widest possible audience, and an open house will get that done quickly and efficiently.

Many real estate websites list homes with open houses first when a consumer searches their site. Most real estate websites allow consumers to search by open-house date because they have found that consumers like to search that way.

According to the NAR 2013 Profile of Home Buyers and Sellers, driving through neighborhoods is one of the top buyer activities, and if the house is open, they will stop on in!

2. Buyers love open houses. Buyers are reached by the marketing that is done for an open house, and that is what you are looking for as a listing agent: buyers. The NAR 2013 study also reports that 45 percent of buyers said they used open houses as a source for information in their home search.

What about the agents who tell themselves and sellers that open houses do not yield results? The agents who even go so far as to say that open houses benefit only the agent and are a way for agents to get new business? Those agents, they may be a little lazy. There. I said it. Lazy. I am ready for the backlash that will come from that statement.

I know there are agents who are too busy to run open houses, and I understand and appreciate that. The sellers those agents work with still deserve the benefits that an open house will bring. Hire a colleague, work with a team member. A busy agent can find another capable agent and set up a win-win-win arrangement. Seller wins, listing agent wins, and the colleague/team member wins.

I encourage agents who believe that open houses do not help sell a house to really think long and hard about why they think that and to consider how long it has been since they conducted an open house. I encourage you to try doing an open house again. If Sundays don’t work for you, host one on a Saturday or on a weeknight during commuter hours.

The way listings are syndicated on the Internet makes it simple to market an open house. Put out your open house signs, flags and balloons, and the buyers will come. Hand the buyers who come through a brochure that has substance — beautiful photos, town and school information, and a list of upgrades. Buyers crave information, so give them all you’ve got. That is what selling is about — sharing all the great reasons for buying what you are offering. You will create a lasting impression about the house and a lasting impression about you as an agent. The buyers will love it and they may just buy the house … imagine that!

Stayed tuned for Part 2 of this series, which will include reasons #3-5 to do an open house this weekend, including why open houses are a favorite of the echo boomers and the millennials.

Wendy English is the vice president and sales manager at Century 21 Commonwealth in Medfield, Mass.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription