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Updated about 8 years ago on . Most recent reply

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Ryan Ahlgrim
  • Investor
  • Sapulpa, OK
50
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146
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Are Open Houses Worth It?

Ryan Ahlgrim
  • Investor
  • Sapulpa, OK
Posted
I've been an investor for a few years mostly acquiring rental properties. I started this year focusing on flips and have my first one listed for sale. I've heard it said you never find a buyer at an open house. They're just opportunities for the listing agent to network. I can't remember where I first heard that or if it's even an accurate statement. What's been other agent's experience with open houses? Are they worth it or not? If they are, any advice on how to do it right?

Most Popular Reply

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Doug McVinua
  • Property Manager
  • Queen Creek, AZ
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Doug McVinua
  • Property Manager
  • Queen Creek, AZ
Replied

Open Houses can be good, it's an opportunity to meet new faces with at least some interest in real estate. Some of the interest can be snoopy neighbors, especially after a flip as they want to see the finished product. Sometimes others have an interest in selling and are curious of values.

The best opportunity has always been picking up new buyers. They come in, you provide some level of value, build trust and you can assist them in finding the right home.

My first year in real estate in Iowa (1986) I got my license on a Friday, held an open house on Sunday and sold the house to a couple that walked in. I had to sublet the apartment they had for it to close but we got it done and I had a new apartment. lol

Moved to Arizona in 1998 and lived the first year almost entirely off Open House because I had no contacts or book of business.

They can work!

  • Doug McVinua
  • [email protected]
  • 602-751-7577
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