Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: Why are fewer people going to open houses?

Why are fewer people going to open houses?

I usually do open houses on Sundays and take Buyers out on Saturdays. I used to get an average of 5 prospective buyers attend open houses last year .This year it is 2. I was wondering what kind of turnout agents get at open houses in other parts of the country. Do you have suggestions for increasing the turnout?

At first I thought it is because of high  price of gas, that  people are not driving to open houses just for looking. If it is gorgeous day, fewer people attend because they might be going to the shore in the summer. If it rains people do not want to go looking at houses. But these things did not matter a few years ago. I post my ads in the newspaper and in the multiple listing and inform the neighbors.

Are there any internet sites for open houses?

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 11 commentsGita Bantwal • August 08 2007 06:28AM

Comments

I held 5 homes open this weekend. My best one was 4 prospective buyers but I am hearing that they need to sell to buy.
Posted by James Gordon, REALTOR, PBD SFR SRS (Sibcy Cline Realtors®) over 11 years ago
Gita -- You may want to check out a blog written by Joe Sampson on 8/6/07 about open houses.  The blog title is "Open Houses: Love'm or Leave'm?"
Posted by Carolyn A. Rzaca, Broker Associate, GRI,SRS,TRC (ROYAL SHELL REAL ESTATE, INC.) over 11 years ago
Very rare for us to do open houses unless we have a property going to auction.  Last weekend we had an auction open with 34 attendees.
Posted by Rich Kruse (Gryphon USA, Ltd.) over 11 years ago
Open house have seemed to become less useful. Seems people just stay at home and look homes up on line if they want to see one they call the realtor. But James comment also seems to be tru almost everyone has a hometo sell first. Three of my five listings have already found the home they want but need to sell theirs first.
Posted by Hugh Krone, Realtor, Sussex County NJ (Weichert Referral Associates) over 11 years ago
One reason...... the Internet. Buyer's can learn so much about a house on-line with pictures and virtual tours, there isn't much of a reason to go see a home unless they have already researched it and like the home. The Internet is changing how we do business and the Open House may be a victim of technology.
Posted by Brad Snyder (Sierra Vista Realty) over 11 years ago
It is just that there are fewer people in the market to buy a house. The excitement is gone. Many are just staying put. There is also more homes to go around. I think it will came back as does the market.
Posted by Eric Bouler, Listening to your Needs ( Gardner Realtors, Licensed in La.) over 11 years ago

Thank you for all your comments.

James, Were the buyers working with other agents or did you pick up one or two clients from the open house?

Carolyn, Thank you for the info. I will check out the blog.

Rich, Looks like auctions may become popular once again.

High, Brad, I agree more buyers are looking up the internet.

Eric, Yes there are fewer buyers, because of few banks doing 100% financing.Hope it will be a normal market soon.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 11 years ago

I've held a few open houses recently where no one came.  I don't hold open houses as much as I used to, but probably a couple per month.

Kim

Posted by Kim Zajan -- Oviedo FL Real Estate (Prudential Florida Realty) over 11 years ago

Kim, I too  have had open houses where no one came. But atleast it showed the sellers that I am trying.

Barbara, Thanks for the comments. I get atleast 2 transactions a year from open houses. I hope some of the people who came this year will think of me next year when they are ready. These days most people who come to open houses are already working with agents.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 11 years ago
we have 4-7 groups come by, but have also had, at times ZERO!
Posted by Janie Coffey, Uniting Extraordinary Homes w/ Extraordinary Lives (First Coast Sotheby’s International Realty) over 11 years ago
Janie, Thanks for taking the time to post. It is disappointing when no one attends, but I always take some reading material with me if I am alone at the open.
Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 11 years ago

Participate