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For many, many years I didn't really believe in open houses as a selling tool. I primarily believed that they were simply for agents to recruit potential buyers. The likelihood of someone coming in and deciding to buy a home during an open house is not super high.
However, there are some factors that can make an open house worthwhile. If your home is in a desirable and high-traffic location, I think an open house can work very well.
I recently did an open house on a property that had 20 showings but received no offers. When I conducted an open house I got 3-5 people to come through, but 2 of those people absolutely loved the home and we got multiple offers and were able to sell the home above list price.
Given the right circumstances, open houses can help. If you live far away from town or are in a place that's not convenient, I would suggest going another route. People like the convenience that comes from an open house which is why it works in high-traffic areas.
If you have any questions or concerns about this issue, or if you'd like to learn more about Lane County real estate, please don't hesitate to contact me!
