Martin Kalisker, Professional Standards & Legal Assistant (Greater Boston Association of REALTORS)

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Rainmaker
315,537
Robert Smith
Preview Properties, PC - http://www.RealEstateMich.com - Brighton, MI
SRES, Search for Homes Brighton-Howell-SE Michigan

I agree with Marc Swartz, CPA, CA, Real Estate Broker.

Hot areas can handle that short turn-around time for an open house.  Also, I've done the 'reverse prospect' via our MLS and notified agents with matching buyers that they could stop by on their own if they wished. 

Jul 09, 2015 11:01 PM
Rainmaker
780,393
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

The answer to your question can be found in your own research.

Market research IS one of the five specific purposes for which to have an open house. Let the attendees answer this question based on one of the question being, 'How did you find out about this open house?"

The outcome will vary based on the situation of the house.

Jul 09, 2015 09:48 PM
Ambassador
2,758,601
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Friday morning Martin. The Nashville area is an extremely hot market and property sell quickly!

Jul 09, 2015 06:42 PM
Rainmaker
1,157,274
FN LN
Toronto, ON

It's a very hot market in my area and many houses sell extremely quickly within a couple of days on market, often with multiple offers.

Jul 09, 2015 01:37 PM
Ambassador
2,896,207
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Perhaps they did some of that work prior to placing in the MLS with the sellers written permission. I've done that.

Jul 10, 2015 09:13 AM
Rainer
230,518
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

i think when you hold a open depends on the market for sure. and sometimes a open means that something is wrong with it. if you hold it early, then no one can accuse you of having something wrong with it. i love to contact the local brokers of a coming soon and try to have it never hit the mls. but... that doesnt always work. and limits the buying pool, but i would rather sell it and be on to the next one.

mike

Jul 10, 2015 03:44 AM
Rainmaker
5,117,699
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

In our seller's market, I like to see our fresh inventory have showings starting at the first open house on the first Sunday after listing.... it's in MLS and buyers with their agents have had time to drive by and investigate data several days before seeing the interior.... and just listed postcards go our immediately along with online marketing for the open house.....works well... 

Jul 09, 2015 11:20 PM
Rainmaker
3,126,625
Richard Weeks
Dallas, TX
REALTOR®, Broker

in our hot sellers market many agents have showings begin at the weekend open house.  Not in accordance with our mls rules; however they do it anyway.

Jul 09, 2015 11:14 PM
Rainmaker
698,927
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

People check all the open house sites daily here so doing an open house the day it's in the MLS will bring out crowds.  We don't have to do rate sheets or mailings etc.

Jul 09, 2015 11:10 PM
Rainmaker
2,282,167
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Martin. For the homes we flip, it takes us a week to prepare for an open house, once the home is completely ready to show.

Jul 09, 2015 06:54 PM