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Rainmaker
431,293
Cindy Davis
SD Home Source Realty - San Diego, CA

In 11 years, I have sold 3 homes to people who came to an open house. We owe it to our clients to try all the tricks of the trade.

Jan 14, 2015 02:02 AM
Ambassador
5,824,846
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A good opportunity to network and may draw a little extra attention to a unique home.

Oct 14, 2017 11:04 PM
Rainmaker
937,291
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Debbie - Our broker open house tours usually consists of around 10 homes, so we are together all morning, and then lunch is sometimes served at the final home - depending on what broker tour I attend. On several occasions I have had other agents tell me that my listing was great, and that they could have an interested buyer, but have never actually received an offer.

However, the tours are a great way to see what other agents have to say about your listing (recommendations, etc), an opportunity to see the inventory of homes for sale, and a great networking opportunity with your peers. 

Jan 16, 2015 06:20 AM
Ambassador
3,987,060
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I attended a broker open today. It was nice networking and supporting other agents. The houses were pretty much the same, all 3. They served lunch so it did take care of that and allowed me to see the houses in case I have an opportunity to show them. 

I appreciate all the feedback. It is good to hear other viewpoints.

Jan 14, 2015 10:41 AM
Rainmaker
2,442,619
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Yes I have had atendee's at mine and I have been to several.

Jan 14, 2015 10:30 AM
Rainmaker
443,845
Bill Dandridge
MKB, Realtors - Roanoke, VA
GREEN, ABR, GRI, EcoBroker

Not for me yet, but that will not keep me from holding them to increase the visability for my clients, though.

Jan 14, 2015 10:05 AM
Rainmaker
2,224,267
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Well we have a property tour once a week. So new listings are usually on the tour and seen then. Although I will go to a broker open. It's usually for the food, though. (Hey I'm just being honest and everyone likes a free lunch.) 

Jan 14, 2015 08:44 AM
Rainmaker
854,802
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Broker open houses are a good way for all to see local inventory without having to schedule a preview, which homeowners don't always appreciate.

Jan 14, 2015 07:54 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Yes, but not necessarily selling the home in question.  It remains a great way to sample the inventory and network with fellow agents.

Jan 14, 2015 07:21 AM
Rainmaker
1,771,592
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Yes Debbie. I preview homes that my clients are looking for on Brokers Open day which is Tuesday AM in my area. I already know about the property before taking them to see it. The listing broker is there so if there are questions they can be answered and I look like a champ when I finally get my client in there for a showing.

Jan 14, 2015 06:01 AM
Rainmaker
7,126,070
Roy Kelley
Retired - Gaithersburg, MD

I think the value is in building relationships and networking. You want other agents to be anxious to work with you.

Jan 14, 2015 03:08 AM
Rainmaker
552,502
Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

I have had luck with them but most agents don't want to participate.  I find 3-4 homes participating works best. 

Jan 14, 2015 02:47 AM
Rainer
87,383
Christina Botteri
REeBroker - Roseville, CA

Meh.

More than anything else, a Broker Open House is a good opportunity to get to know the other agents in the community.

While it may not produce a sale of the property at hand, fostering strong relationships with other agents will help transactions go smoother, which is generally good for everyone.

Jan 14, 2015 02:39 AM
Ambassador
4,318,202
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds if someone is looking at networking, yes - this is good. Way back, I had attended on BOH - and liked the home for my buyer - it was when we used to have few pictures with description only. Now-a-days, every minute, there is a Broker's Open House- online!

Jan 14, 2015 02:16 AM
Rainmaker
5,768,742
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

It really depends on the brokers.  I have gone to brokers open houses and I have seen agents talking to the listing broker and scheduling showings.  It all depends on the community of agents.  Regardless, it is a good practice to know the inventory.  A

Jan 14, 2015 02:04 AM
Rainer
173,887
Angela & Stephen Hardiman / HouseTie.com
HouseTie.com - Spokane, WA
When first impressions count...

Morning Debbie, 

I have attending countless broker opens of homes that I've staged. From the outside looking in, I see the same agents with no real agenda for their list of buyers. However, I've been there for many that have had great success if promoted correctly. Even if it means networking and talking about other homes. 

For agents, keep up with inventory and how sellers are putting their best foot forward with a quality product to sell, keeps them at the top of the game.

Angela

Jan 14, 2015 01:29 AM
Rainmaker
3,393,897
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It works well with my new constrcution homes, but not so well on re-sale listings. Seems like the same people always come but it is a good excuse to eat and socialize

Jan 14, 2015 01:18 AM
Rainmaker
920,078
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

So far, nothing tangible regarding Brokers Opens.

However, it does demonstrate to the homeowner their agent has real traction in the real estate community.

This also encourages camaraderie with fellow agents and a moment to share insight, gossip or information about new properties.

What I have found that works really well it to add a rider to the top of the "Open House- OPEN NOW" sign that reads "FREE Lunch" or "Have lunch with me."  The closer the location to white collar/ technical centers the better the outcome.

Jan 14, 2015 01:14 AM