Special offer
Aaron Mtuanwi, INSPIRED TO SERVE Atlanta, GA [Metro Atlanta Area] (LBBM Brokers, Inc)

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Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I have never asked it is a cost of doing business.

Oct 18, 2016 12:10 PM
Rainmaker
4,457,348
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

It depends on the price point there could be opportunities to do pass through costs, if you want to advertise on Luxury Real Estate dot com you  need to join  for $3k+ a year maybe we could do a cost sharing you know "quid pro quo" but not for a $200 brokers open with food... Endre

Oct 18, 2016 04:30 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Cost?  Do you mean food and beverages, additional advertising?

Oct 18, 2016 12:19 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have never asked a selelr to pay the cost. I have had seller offer to make something, provide beverages or furnish a give-away and I have let them do that.

Oct 18, 2016 12:11 PM
Rainmaker
1,239,901
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

That is what the listing agents do. Advertise it, run news advertisement, mailing 500s invitation postcards, professional photography, host open house, pay for catering for the broker tour. In our area most agents are willing pay for staging or share cost.  First 4 hours handiman labor on the house.

In PA, CA private airplane taking prospects looking at home above and view in person all on the house.

 

 

Oct 18, 2016 02:01 PM
Rainmaker
1,771,867
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Marketing costs is the job of the listing Broker

Oct 18, 2016 01:39 PM
Rainmaker
851,242
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Cost of doing business...

Oct 18, 2016 10:06 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

We are paid to market, sell, and close based on performance only.

Oct 18, 2016 09:55 PM
Rainer
392,768
Anna Hatridge
R Gilliam Real Estate LLC - Farmington, MO
Missouri Realtor with R Gilliam Real Estate LLC

My sellers don't want to invest in a party for strangers and they may not even show up!  That is why I seldom hold open houses in a rural area.

Oct 18, 2016 08:42 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Nothing to ask for... I don't do open houses. And if I did, isn't it part of your marketing strategy for their home that you pay for?

Oct 18, 2016 04:39 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Aaron Mtuanwi - What are the things that you expect sellers to pay for? Cookies, Soft drinks?

Oct 18, 2016 03:39 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

If not financial payment, what are we talking about?  Their supplying the fresh baked cookies?

Oct 18, 2016 02:25 PM
Rainmaker
1,090,922
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

I have never asked a seller to do so and if they were to offer, I would politely decline.

 

Oct 18, 2016 01:32 PM
Rainmaker
4,161,130
John Pusa
Glendale, CA

Aaron Mtuanwi Never!

Oct 18, 2016 01:03 PM
Ambassador
5,049,477
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

What costs are you referring to?

Oct 18, 2016 12:59 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No...what costs?

Oct 18, 2016 12:41 PM
Rainmaker
2,363,549
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

no

Oct 18, 2016 12:29 PM
Rainmaker
1,503,028
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Aaron, this is a cost of doing business.  I did an open house last weekend, the cost was $0.00  Didn't even cost gas money, since it was on the way home from lunch.  I get plenty of foot traffic from open house signs, advertising (for free) on zillow and realtor.com

Oct 19, 2016 02:26 AM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Nope... I would never attempt to ask the sellers to share or pay for the cost of OH. It is part of the service that I provide...FREE of charge. (wine and cheese at my OH every weekend )

Oct 19, 2016 01:58 AM
Rainmaker
900,278
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No, but sometimes homeowners offered to bake cookies, for example.

Oct 19, 2016 12:04 AM
Rainmaker
1,543,973
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

The cost is the time you waste doing open houses; they can't reimburse your time. If you got your full fee, your fee covers the expense of your marketing and open houses would fall into that column on your P&L (under "L").

Oct 18, 2016 11:44 PM
Rainmaker
2,781,303
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anything is possible we know...in this case, it may be out of the box a little

Oct 18, 2016 11:29 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

No.

Unless the seller imposed a specific agenda, I would never ask the seller to contribute. The open house is OVERWHELMINGLY beneficial to the agent, not so much the seller.

Now, if the seller REALLY needed to sell the house by a date certain, I would expect the seller to empower me to conduct an open house for the PURPOSE of getting the house sold that weekend.

Oct 18, 2016 10:15 PM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It is part of OUR marketing plan and therefore a business expense

Oct 18, 2016 10:15 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

OMG.... you need to spend money to make money....  I don't ask for anything from the sellers ...

Oct 18, 2016 09:49 PM
Rainmaker
911,448
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No, and I have never asked. A few times sellers have baked cookies and left them for guests but that was their choice.

Oct 18, 2016 09:37 PM
Ambassador
2,436,470
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Sometimes a seller might volunteer to leave a plate of warm cookies or some bottles of water, which is great. Otherwise, no, if there are any costs for marketing or food, I take care of them.

 

Oct 18, 2016 08:15 PM
Rainmaker
815,353
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Pay for which items?

Oct 18, 2016 07:55 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

I never request that of the Seller.

Oct 18, 2016 07:20 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

What costs do you mean?

Oct 18, 2016 05:02 PM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

If done right you will be selling more than the subject home while at the open, well worth your time and expense to pay for it yourself.

 

Oct 18, 2016 02:18 PM
Rainmaker
5,868,689
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

No, those costs are paid for by the agents.

Oct 21, 2016 04:01 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I haven't ever asked a seller to pay for an open house. 

Oct 19, 2016 11:37 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I never even heard that happens.....

You will have better luck talking to your CPA about OH deductions. 

Oct 19, 2016 09:06 AM
Rainmaker
1,726,096
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Never; this is one of the costs of doing business.

Oct 19, 2016 05:01 AM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

No, I have never done that...

Oct 19, 2016 02:45 AM
Rainmaker
7,836,431
Roy Kelley
Retired - Gaithersburg, MD

Most do not ask for this.

Oct 19, 2016 01:41 AM
Rainer
509,449
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I'm not sure what you meant by pay for open house.  To me the cost for the food, drinks, and advertising for the open house is part of the cost of running the business.

Oct 19, 2016 12:37 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Aaron,

No.  A

Oct 19, 2016 12:07 AM
Ambassador
3,345,221
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

It would never occur to me to even ask a seller to pay for the cost of an open house. 

Oct 19, 2016 12:02 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Never asked

Oct 18, 2016 11:37 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

What are the costs to which you are referring?

Oct 18, 2016 11:33 PM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Hosting an Open House is part of marketing the property.  Now, open house treats might be provided by the seller.

Oct 18, 2016 11:32 PM
Ambassador
2,178,703
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

The only real expense to doing an open house is your time.  Payment for ALL expenses comes from the commission at closing.  

Oct 18, 2016 11:19 PM
Rainmaker
4,572,570
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I have not.  

Oct 18, 2016 10:56 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Typically sellers do not pay for an open house, that is part of the listing service. I have had a seller provide goody back with ice treats from their bakery which i handed out

Oct 18, 2016 10:43 PM
Rainmaker
5,217,392
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never asked, even when it was high end!

Oct 18, 2016 10:28 PM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

What is the cost of an open house? You show up with your signs & area info?

Oct 18, 2016 10:11 PM
Rainmaker
4,883,260
Richard Weeks
Dallas, TX
REALTOR®, Broker

How can one pay and it not be financial payment?

Oct 18, 2016 09:26 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I am not sure you should ask this question here.

Oct 18, 2016 09:23 PM