Is an Open House a Sketchy Real Estate Practice
Todd Waller, self-proclaimed “destroyer of the real estate fortress of suckitude”, is a Realtor in Southeast Michigan. In what is probably my favorite article on the topic, Todd brings facts and an honest look at the strategy that’s necessary for a successful open house, and whether an open is even advisable.
Todd declared an open house to be a sketchy real estate practice and you know what it probably is when real estate agents don’t explain their motives for holding one.
As real estate agents we know what most will say ” I am here to sell your home Mr. & Mrs Seller. What you don’t know is that the agent is crossing their fingers behind their back. Realtors hold open houses to pick up additional clients!
By the way this is perfectly fine just be honest about it. Please also let your client know that open houses present security risks. When anyone and everyone is allowed through the front door the chances of theft increase greatly.
by Bill Gassett
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