Columbus Ohio real estate

open houses may not help sell homes

Breaking News holding open houses does NOT sell the house? 

Say it isn't so? 

Tara Steele in News on AGBeat AgentGenius wrote "Report: open houses may not help sell homes."  AgentGenius writes to the real estate industry.  The Redfin (a real estate brokerage, not in this market) video about the science of open houses is funny. 

 


Nationwide Open House Weekend  2012

Columbus Ohio Open Houses

hmmm were the 101 open houses on the Columbus Board of REALTORS mls and the Real Living HER Open House List, last weekend. 

Useless? 

Waste of time?

Don't sell houses?

Don't even help sell houses?

Central Ohio Open Houses

Was a home in your neighborhood held open house this past weekend for the Nationwide Open House Weekend? Is the agent who held the open house regretting the lost two hours?

Columbus Ohio open houses are not for lazy agents

Tom held an open house.  Tom's open house sign: 

Real Living HER Open House sign  - Open House Overachiever

Tom (my manager)  is kind of an Overachiever when it comes to Open Houseson Columbus Life on Posterous:

"This was Nationwide Open House Weekend and my open house today was near my manager's open house.  I usually put up lots of signs  but TODAY I only used four signs but my open house was on the route to his. I use generic signs.  Tom uses personalized signs! 

We are an open house market.  Or parts of our market are good open house territory.

In addition to the Nationwide Open House Weekend, Real Living HER has a special three week open house promotion going on in central Ohio."


The point of the Redfin video?  San Francisco – 83 percent of listings hold an open house. There is a high correlatation between the homes that have an open house and those that sell within 90 days.   I wish we were San Francisco and you could count on the open house selling the house. 

Light Green Bars are homes for sale

The light green bars are homes for sale.  The dark green bars are homes sold for the past 15 months.

The light green bar shows why we are in my opinion a good open house market.  Or some parts of the Columbus Board of REALTORS mls is a good open house market.    This graph is Franklin County single family homes. 

There is inventory.... There are homes that need selling.  There are houses for buyers to look at.

I could also show you another graph with a short light green bar and plead that the Columbus Board of REALTORS mls (or parts of it) are a good open house market... of course the listing agent on a great listing in Clintonville wants an open house the first Sunday it is on the market.  

Is your neighborhood a good open house neighborhood? Not all neighborhoods are equal when it comes to open houses.  Perhaps Clintonville is the San Francisco of Columbus.

Real Living HER Spring Open House Prize Promotion - 42" HDTV

Real Living HER is holding our final week of the Open House Promotion next weekend, May 5 and 6, 2012...  Looking for open houses? The link in the right sidebar that says "Real Living HER Open House List" will get you there.

Real Living HER Open House Prize Promotion*  Terms & Conditions Individuals can qualify to receive a 42” HDTV Visiting an open house – Win by Chance Drawing: Individuals who attend a Real Living HER open house on 4/21-22,4/28-29, 5/5-6 must fill out a completed registration card and return it to the Real Living HER agent hosting the open house that day in order to qualify for a chance to win a 42” HDTV Registrants must be 18 years or older to win. One winner from each weekend (April 21 & 22, April 28 & 29, and May 5 & 6) is chosen through a random drawing that takes place the Thursday after the open house. You will be contacted either by email or by phone for detailed instructions on how to redeem your prize. See official rules on HERRealtor.com

The  funny Redfin (real estate company that is not in our market) video about Open Houses ends with the line: 

"Everywhere else, it most likely doesn’t really matter whether or not you hold an open house, but if you’ve got a good agent, he or she will probably hold one anyway.”

 

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This post provided by Maureen McCabe HER Realtors*

Contact Maureen McCabe of HER Realtors* - 614.388.8249

HER Realtors  Maureen McCabe

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*Real Living HER

Information is deemed to be accurate but should be verified to your satisfaction.  Information provided herein is supplied by several sources and is subject to change without notice.  Opinions expressed are solely those of Maureen McCabe.

 


 

Comment balloon 4 commentsMaureen McCabe • May 05 2012 04:13AM

Comments

wow those are interesting stats, in our world, it depends on the niche of the neighborhood for the most part.

Posted by Mark Loewenberg, KW 561-214-0370 (KW of the Palm Beaches) over 5 years ago

That is probably true most places.  I am sure even in San Francisco there are some neighborhoods that are less hot for open houses.

What is the PA in your name?  "PA"

I saw it and thought you were in Pennsylvania but thought Palm Beaches sounded more like Fl than PA.

Posted by Maureen McCabe, Columbus Ohio Real Estate (HER Realtors) over 5 years ago

Maureen, 

We do have Open Houses in the first or second weekend after we list a home.  We believe it's another avenue to get folks through the house.  Having said that, we don't believe it's any gaurantee to selling your home, just another avenue to help. 

All the best, Michelle

Posted by Michelle Francis, Realtor, Buckhead Atlanta Homes for Sale & Lease (Tim Francis Realty LLC) over 5 years ago

Michelle  Real estate is local but if you are going to sell a house at an open house if you have the home priced right and prepared for the market the first weekend or two is the best time for an open house, here as well.  Not prepared or not priced right chances are yo you end up doing "desperation" open houses in a market that has a lot of inventory, like ours.

Posted by Maureen McCabe, Columbus Ohio Real Estate (HER Realtors) over 5 years ago

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