WHAT IS A BROKER'S OPEN HOUSE?
Greetings,
Here in Cleveland Ohio agents are afforded the opportunity to see a great many homes in their market area every Tuesday by attending a broker's open house. The listing agent will hold it open anywhere from 10-2 and often serves a snack or light lunch.
This is meant to be a means of exposure for the seller, and a by product is an education on market conditions and pricing for the agents who come to preview the property. This is so much more than going to lunch. Every house I see is another one in my arsenal. Of course I can 't look at them all because that's unrealistic, but I can look at the ones for which I may have a buyer or for which I may have a competing listing down the road. The idea is to see enough so that I get a good feel for the neighborhood.
THIS CAN BE A GREAT OPPORTUNITY TO SEE HOMES IN WHAT AN AGENT CONSIDERS TO BE OR WOULD LIKE TO BE THEIR MARKET AREA.
For me it's a valuable tool.
Regards,
Barb Szabo