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Are Open Houses A Thing Of The Past?

Are Open Houses A Thing Of The Past?

Last week I heard a prominent Albuquerque Realtor on the radio, saying that her team does not do Open Houses anymore, because they believe it was a thing of the past.  She cited a NAR study which stated that approximately 80 percent of homebuyers surf the internet to look for homes.  She also had a few other reasons to justify her position.    

Now whereas the NAR study might be correct, I do not believe that there is a one to one correlation between the two; so I am in total disagreement with her.  In my experience, I find that Open Houses are great for business.  Having said that, I concede that I might just be out of touch with reality; I have only been in the business for 2 years, so it's hard question the position of the movers and shakers of out business.  I would hate to be on the wrong side of this debate, since it could cost me dearly.  I would really appreciate feedback from everyone, especially buyers and sellers.

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C. Lloyd McKenzie, MBA

Associate Broker

Berkshire Hathaway HomeServices

New Mexico Properties/Allstar, REALTORS

6739 Academy Rd. NE SU 200

Albuquerque, New Mexico 87109

(505)888-1700  Office

Phone: (505)750-8552
Email: Info@LloydMcKenzie.com

Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras

Comment balloon 12 commentsC. Lloyd McKenzie • April 05 2008 12:03PM
Are Open Houses A Thing Of The Past?
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Are Open Houses A Thing Of The Past? Last week I heard a prominent Albuquerque Realtor on the radio, saying that her team does not do Open Houses anymore because they believe it was a thing of the past. She cited a NAR study which stated… more