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2017 PROSPECTING: Open House Strategy

January 13, 2017 by Joe McAuliffe

open house

  • ID best listing for open house (If necessary, offer to do someone else’s open house)
  • Open house must be advertised in newspaper & on website
  • Hold open house for 3 hours
  • Sat 12-3 & Sun 1-4 or Friday evening for cocktail party
  • Open House Objectives:
    1. Identify qualified buying prospects
    2. Establish relationships with Neighbors
  • Arrive early to meet neighbors
  • Encourage the seller to paint & dress up the landscaping
  • Invite people who have attended past open houses
  • Do an email invitation to your list of perspective buyers
  • Put out signs, if you can, minimum of 6-8
  • Have copies of your testimonials available
  • Have your business cards available
  • Mail announcement to neighbors inviting them to visit your open house
  • Call everyone who came
  • Ask attendees how they feel about the home & price
  • Have brochures of your other properties
  • Warm-up with buyers
  • Leave business cards at guard house, if listing is in gated community
  • Use open house registration forms for every guest
  • Play music
  • Spice or cooking smell in house
  • Offer appetizers where applicable
  • Questions to ask to build relationship:
    1. Do you live here in the area, or are you familiar with the area?
    2. Have you seen any other exciting homes this weekend?
    3. Do you know anyone that lives here in the area?
    4. If you don’t mind, may I point out a couple of the home’s interesting features?
  • Be prepared to point out several specific unique features in different rooms
  • Have any interesting news articles, community maps and other open houses that may be of interest available
  • If buyer, schedule appointment
  • If seller, obtain contact info and offer newsletters
  • If neighbor, offer market reports

Filed Under: Cup O' Joe, Prospecting

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Managing Partner, is one of the top business consulting professionals in Florida. He has worked with Fortune Magazine, Oracle, Network Solutions, Computer Associates, and Lawyers.com. Some of MET’s current clients include Christie’s & Illustrated Properties, Coldwell Banker, Merrill Lynch, Smith Barney and Sotheby’s.
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