Published at Sunday, February 17th, 2019 - 06:18:18 AM. House. By .
Agent Open Houses For A House Flip - Waste Of Time? The most important resource to successfully flip a house is time. That being said, using time wisely is key. This is true for any business, and is of utmost importance in the business of house flipping. So what does this have to do with an agent open house and whether or not it works? More on that in a moment. First, lets find out exactly what house flip tips we are discussing. Agent open houses (sometimes called brokers opens or realtor caravans) are when the listing agent for a particular house invites other agents to come and preview the house. These are typically held during the work week. This is a great way for agents to see what is currently available on the market to sell. But is holding one actually worthwhile? Lets take a closer look. For a buyers agent who has buyers looking in a specific area, attending an agent open house can be beneficial. Not only does the buyers agent see exactly what is being offered for sale in the target area, but they also see the types of finishes and current pricing offered. Once these facts are communicated to their buyers, the buyers can make more informed decisions. Another benefit is the ability for buyers agents to network with the selling agent and the other agents attending. Networking, although an overly used and abused term, can be one of the most rewarding house flipping tips if the agents attending are smart about who they meet. The more agents you network with, the more deals you are likely to encounter. This also, however, is a double edged sword that brings us to the down sides of holding and agent open house. Networking is a downside of agent open houses - wait, didnt we just say that it is a benefit? Yes, its actually both. Many agents have been known to attend open houses just to have something to do in the middle of the week. Or, some will attend just to get a free gift or prize (or lunch!). A few agents interviewed for this article actually tout the idea that none of the agents attending actually ever do deals! Now, this is not a complete truth because I personally know several agents who do deals AND attend agent open houses. They can and do turn up their share of tire kickers. Is anyone actually flipping houses through an agent open house? The answer is yes although it is rare. The reason it is rare is that once a listing is published, then buyers agents will usually know about it before the open house is held. Savvy buyers agents know that if they have a house that comes available, and it perfectly matches the criteria that their buyer is looking for, then they will jump on it immediately. A buyers agent wont wait until the open house is held to then decide if they should then show the perfect house to their buyer. In summary, agent open houses can be beneficial and can assist in discovering how to flip a house fast. Dont confuse this with they will sell your home because that is not usually the case - directly anyway. They can, however, help you grow your house flipping network and can grow attention to your current listings. This really can be a benefit a house flipper and is why holding an agent open house will ultimately help you flip more houses.
Top 8 Open House Mistakes a Seller Can Make : When youre ready to sell your house, you will need to get it in its best possible condition, especially in todays competitive environment. An open house presents an opportunity to showcase the best features of your home and allows the potential buyers to get a feel for the property. If you re a fist time home seller, you may think of the open house as the point at which your Realtor waits until you leave, turns into a magician and with a flick of his/her wrist, completely transforms your home into something out of Bravos Million Dollar Listing. But here is the truth of it Your real estate agent is not practicing wizardry on the side. And you arent completely free of responsibility when it comes to the open house. In fact, although you arent present for the open house (and you never, ever should be, if you want to sell the home), there are still quite a few ways that you can mess it up and drive away potential buyers. These eight things could very negatively impact your chances of having a successful open house-and, potentially, the house sale. Leaving your pets at home/Open house mistakes Pets bring a lot of joy into our lives. Nevertheless, they can be a real problem when youre showing your home. This is true for several reasons. Logistically pets make things difficult because you will have to keep them separate from the potential buyers, who might not like pets and certainly cannot picture themselves living in a house that once housed cats or dogs. This means that you will have to block off areas of your home, a real no-no in an open house. Pets also behave unpredictably. The last thing you want is your pet leaving his/her mark on the floor right in front of the viewers or even scaring the potential buyers. Which could also prevent them from viewing rooms and prove to be a distraction overall. Take your pets to a friends for the day when youre showing your house. You should also do your best to eliminate any signs of pet habitation, including bedding, toys, smells and stains. Selling a house with pets takes extra consideration and care. There are some home buyers who will see any signs of pets as a complete turnoff. This is definitely one of the top open house mistakes you should avoid. Ignoring your kitchen needs/Open house mistakes You may be surprised by how many home owners ignore their kitchens when selling their house. Putting the dirty dishes in the sink doesnt make them invisible. Even if the rest of your house is staged to perfection, a repugnant kitchen will turn off the potential buyers-and that goes for the dishwasher too. The potential buyers will most likely want to investigate the fridge and open the dishwasher during the open house, hence its vital that you prepare your home accordingly: Clean and store the dishes, and remove any smelly food from your fridge. You should consider removing any kitchen appliance that can be neatly stored instead of being left on counter tops. The less clutter, the more spacious and inviting your kitchen will feel. If its an appliance that is used daily, such as a toaster or coffeepot, be sure to wipe it clean after each use. Open house mistakes made because of the Kitchen not showing well, can kill just about any deal. You should also ensure that you check out and clean the other rooms in your home, even those that you think the potential buyers will not bother checking out, such as the closets garage or laundry room. Because guess what? They totally will. You arent selling part of your home; you are selling your entire home; hence you should ensure that everything the potential buyers will see during the open house is in showcase condition. Not hiding your dirty bath towels/Open house mistakes Keeping the bath towels you have used (and intend to use again) tucked away in a closet benefits you two-fold: Not only does it make the bathroom look well staged, but it also keeps them free of germs and dirt from the days parade of viewers. Instead, swap in a clean set of decorative hand and bath towels for each open house. You do not want (people) wiping their dirty hands on the bath towels you wipe your body with. Cleaning solo/Open house mistakes When you think about how much money a house actually costs, its easy to understand why people expect cleanliness in an open house. Surprisingly, not everybody meets the mark when it comes to a clean house. If you have to hire a cleaning service to get the job done, do so. Professional cleaners will scrub all the hidden spots you may miss (think switch plates and base-boards), they can also help eliminate messes and odors that go back years. Preparing for showings is particularly important when there are potentially a large number of visitors dropping by for a look. Showing dirty, messy homes to potential buyers is by far the greatest mistake most sellers make when holding an open house. Not getting a second opinion/Open house mistakes After you have cleaned and staged your house, a blunt tongued neighbor can be a blessing. Over time, you can easily get used to odors and smells that may linger in your home, even after a thorough cleaning. You need a neutral third-party wholl tell you like its, not what you would like to hear. So do not be offended if the third-party tells you that your place stinks- literally or figuratively. You arent in a position to be all ego, you are trying to sell your home - and that is what you should focus on to avoid simple open house mistakes. Not maintaining the yard/Open house mistakes The front yard is the first thing the guests see, so ensure it is spotless. You want the potential buyers to focus on the curb appeal of your home - not your collection of yard tools. Additionally, objects strewed every which way can also be dangerous. You should also make sure that the grass is trimmed nicely and any bushes or flowers are in good shape. And unless its trash day, keep your bins out of sight. Nothing turns potential buyer off faster than a pile of trash and the thought of potential yard work. Dirty exterior/Open house mistakes Depending on where you live, the exterior of your house may gather a significant amount of grime as the seasons turn. You might not have noticed it if it occurred gradually, but visitors to the open house are sure to see the mildew and mold on the siding, the dingy windows and the clogged gutters. Like the homes interior, the exterior should be fresh and clean-looking if you want to impress the potential buyers. Dont make these simple to fix, open house mistakes. Photos, religious art, drugs and politics need to go/Open house mistakes When the potential buyers walk into your home, they should picture their family living in the house, not yours. They do not need to see your family photos or be able to tell your religious or political views as they walk through the house. These are huge open house mistakes. There is a reason home staggers de-personalize your house. Certainly, they want the buyers to visualize themselves living within its walls-but they also want to remove any ammunition that may be used against you during the negotiating process. One of the places to look is the medicine cabinet, which should be emptied during the open house. The same goes for family photos and things such as canes and walkers: For instance, if you are elderly, they may consider underbid your price under the assumption that you can no longer be able to take care of your house. Keeping the potential buyers from learning your personal details is not just good staging.
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