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RLSC Real Estate Training Blog

Blog by Rich Levin
Rochester, New York

Designed to educate and inform Real Estate Agents on a variety of topics. I share with you information that until now I only shared with Coaching Clients. Get my thoughts and insights from actual coaching sessions.

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Effective Open Houses

Sep. 28, 2009

The following is an excerpt from an email I received from a client.

I have consistently and systematically used your open house techniques and strategies, and the simplicity of the plan works EVERY time.  I am asking for the appointments AT the opens, and people are saying yes...in fact I did a pre-qualification meeting last evening with a couple whom I just met Sunday past.

My broker mentioned my four July sales, and asked where I obtained the leads.  I told him it was an "overnight" success from doing open houses for 18 months worth of weekends!

The goal of the Open House is to sell the property. As soon as you determine that the Guest is not interested in the property the goal becomes making an appointment with the Guest to meet with you for a buyer presentation.

Here in part are some ideas for Effective Open Houses
1.  Have the seller make the house look its best. If you have to, do some tidying up yourself.

2.  Send invitations to portions of your Sphere of Influence/Clients and Farm Markets. Ask the Sellers if they would like to invite the people on the block.

3.  Turn on every light. Open every curtain. Make the house look, smell and sound great.

4.  Bring fact sheets, switch properties, closing cost worksheets, business cards, personal brochures, a sample purchase offer, and anything that makes the buyers pause.

5.  Consider posting some professional looking small placards with notes like:
• New energy and cost savings Pella Windows
• Trash compactor
• Peak around the corner for the jacuzzi bath 
• Central vacuum
• High energy efficient furnace
• Intercom

6.  Put different groups of switch properties in order of location, price, style, and any other feature that may be an attraction to buyers of the subject property.

7.  Greet each buyer. Thank them for coming. Tell them your name and offer your hand. Offer a fact sheet. Tell a few key items about the house and tell them to feel free to wander on their own.  Then ask, “May I have your name and phone number please?”  Or, ask them to sign an Open House Register or complete a registration card.

8.  Gently ask … “Do you live in the area?”

9. Let them wander. Give them some space and time. Then catch up to them, and ask: “What was it about this property that attracted you to the Open House? Would you like to see some information on other houses with (had whatever they were attracted by)?”

10. Write private, detailed notes so you can recall them,

11. Ask for an appointment at the open house!
Most importantly, ask each Guest to meet with you to discuss helping them in their efforts to find, finance, and purchase their next home.
 

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