Should my Realtor hold an open house?
To answer your question I’ll quote Dirty Harry: “The question is, do you feel lucky?”
The chances of your home selling from an open house is generally cited at less than 2%. And these days (due to higher inventories) most of the time you don’t get any traffic at all. I mean nothing, nada.
But Realtors still do open houses because, if there is any traffic, it’s a great way to meet buyers in the market.
So if you want to take that 2% shot, by all means ask your Realtor to hold an open house. But understand that if your Realtor hooks up with a buyer at the open house, the agent is going to be obligated to that buyer for the forseeable future, and won’t be able to spend time marketing your house.
Not only that the buyer will be will be working hard to find and buy your competition.
Getting back to Dirty Harry, “Do you feel lucky?”
Well do you, punk?