The Open House and the Realtor

There was once a time in real estate when the open house was a real ta-DOO! The events were marketed heavily, catered and the home was pristine, often selling within hours. As time passed and the Internet boomed, the marketing prowess of the open house faded, but realtors continued to use this tactic in order to "SHOW" the home owners they were really trying to land a deal on the house.

While it is more than likely that the open house will not disappear out of sight just quite yet, once must ask who is really benefiting from this played down version of a once glamorous affair?

The Home Seller and the Open House

The home seller wants to ultimately sell the home. The open house seems like the logical choice and the seller often feels excited about the chance of hundreds of people storming through their home and just falling to pieces over the low asking price. In all reality, the realtor is the one who uses the open house to list prospective buyers.

The Real Estate Agent and the Open House

The agent used to be able to market an open house and see floods of people storm through the doors hoping to buy. But, that was when the market had fewer homes for sale and more people looking to buy. Today, with inventories through the roof, homebuyers are more savvy than ever with their money and often take their time looking through hundreds of homes before choosing one to underbid on. The real estate agent may get a few leads from the open house, but nothing that will pan out to much in the future.

The Home Buyer and the Open House

Buyers are looking to save money and frugally choose open houses as a means to cut the agent costs out of the equation. When they find a home they like, they feel if they haggle with the selling agent they will lower their commission and become the buying agent as well. This is simply not the case all the time. AND, how is the buyer to really know if the home is a good deal. If the home buyer enters the home with an agent of their own, the game is on. The selling agent will show this perk and the buying agent will point out that flaw.

All-in-all the open house is a deflating marketing tool. When home buyers have tens of thousands of homes to choose from in some markets, they are not in the mood nor do they feel the need to roam from house to house. They want to hit the ground running and see many homes before choosing one to look into further. Real estate agents need to look deep in their hearts and decide why they are still planning those open houses. Are the home owners apt to feel better if the open house exists or is the real estate agent really trying to produce a sale?

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The Top 3 House Hunting Resources - Other Than Your Realtor - To Help You Find Your Dream Home!

If you're ready to start house hunting, it's a good idea to come up with a plan for finding your dream home.

The first step is to find a good realtor to help you through the house buying process. There are lots of little details, and having someone to help you remember all of them is a great idea.

Your realtor should be able to provide you with the most up-to-date house listings. But, your realtor should not be your only resource to find houses for sale.

When buying our first house, we decided to look everywhere possible, and not just rely on our realtors. And boy, are we glad we took matters into our own hands! While we checked our email daily for more listings from our realtors, we also did our own searching - and luckily, we found our dream home!

Where else can you look to find houses for sale in your area?

1) Realtor.com

The best place to look online is Realtor.com. This is the official sire of the National Association of Realtors, and contains most of the MLS listings (Multiple Listing Service, which most realtors use to list the houses they are selling). You can search different states, cities, and towns throughout the U.S., to find houses in your price range, your size range, and compare what is available.

There are dozens of other house listing sites out there - but Realtor.com is considered the best (but feel free to look through the others, you never know where you might find your dream house!) Keep in mind, some of the houses may have been listed for a while, so if you find one you like, don't wait - contact your realtor to visit the property as soon as possible!

2) For sale by owner

Typically, there are two places to look for houses being sold directly by the owner (without help from a realtor, which means they probably won't be listed on Realtor.com):

First, you should look at several "for sale by owner" websites. Some of the most popular are ISoldMyHouse.com, ForSaleByOwner.com, FSBO.com, and you can search for more on the Internet.

Second, you should drive through the town you want to buy your house in, and look for yard signs. These days most people selling their own house will likely place an ad on the one of the "for sale by owner websites" - but not everyone has a lot of money to spend on advertising. So if you have the time, drive through some of the neighborhoods you want to live in, and look for houses that might be for sale. If nothing else, you'll get a good idea of exactly where you want to live.

3) Your local newspaper and homes magazines

These are two more great places to look for houses to buy. Smaller local realtors sometimes rely on newspaper ads to sell houses. You can also look for "homes for sale" magazines inside your local supermarket or restaurants (sometimes located outside a shopping area in the display stands).

It can be time consuming to find the right house. And it is definitely easier to find a realtor, and rely on their expertise. But if want to give yourself the best possible chance to find your dream home, look in as many places as possible. You never know where you'll find the right match. Hopefully, these strategies will help you find your dream home.

Happy house hunting!

Heidi

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The Top 3 House Hunting Resources - Other Than Your Realtor - To Help You Find Your Dream Home!

When you are ready to begin the housing search, it is a good idea to come up with a plan for finding your dream home.

The first step is a good broker who will find you through the home buying process assistance. There are many small details, and as someone who can help you with all of them is a great idea.

Your agent should be able to provide you the most up-to-date home listings. But, should not your agent will find your only resource that housesfor sale.

When buying our first house, we have decided to look everywhere possible, and not rely on our brokers. And boy, we are glad that we took things into their own hands! Although our e-mail checked daily for more offers from our brokers, we also have our own user - and luckily we found our dream home!

Where else are you can find houses for sale in your neighborhood?

1) Realtor.com

The best place to look online is Realtor.com. This is theOfficial Father of the National Association of Realtors, and contains most of the listings MLS (Multiple Listing Service, which most agents use to the houses that they sell) list. You can search for different provinces, cities and municipalities in the United States to find houses in your price range for your size range, and compare what is available.

There are dozens of other home listing sites out there - but Realtor.com is considered the best (but feel free to look through the otherwere never knows where you could find your dream home! can) Please note that some of the houses listed for a while, so if you find one you like, do not wait - please contact your broker for the property once visit possible!

2) For sale by owner

In general there are two places for houses that are sold directly by the owner (without the help of a real estate agent, which means that they do not look likely to be listed on Realtor.com)

First, you should contact number forFor sale by owner "websites. Some of the most popular are ISoldMyHouse.com, ForSaleByOwner.com, FSBO.com, and you may have to look on the Internet.

Second, keep the city you want to buy your house in drive, and look for yard signs. Nowadays, most people who will have her own house maybe an ad on one of the "sale by owner sites" - but not everyone has have a lot of money on advertising rather than spend. So if you have time to go throughsome of the neighborhoods you want to live, and look for houses that may be for sale. If nothing else, you will get a good idea of it, right where you want to live.

3) Your local newspaper and real estate magazines

These are two more places to look for houses to buy. Smaller local real estate agent often rely on newspaper ads to sell houses. You can also search for "homes for sale Look" magazines in your local supermarket or restaurants (outside a shopping mallArea in the display stands).

It can be very time consuming to find the right house. And it's definitely easier to find a broker, and on their expertise. But if they want to even the best possible chance to find your dream home, take a look in as many places as possible. You never know where you will find the right match. We hope that these strategies will help your dream home.

Happy house hunting!

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