Open House St. Louis Park
January 8, 2010
I hosted an open house less then a week after Christmas and didn’t know what to expect. After close to a 14″ snow fall in the Twin Cities and low temps, I thought I was going to be playing games on my cell phone until the clock hit 2pm, but I was pleasantly surprised.
My new listing on Maryland Ave S in St. Louis Park was one of just nine new listings in St. Louis Park for the month of December. I knew the competition was low, but I got much more then I expected during my two hours at the property. Within an hour of my open house I had about eight different real estate buyers through the house. Not just tire kickers either, most folks had a mission and timelines for moving.
Most Realtors don’t like hosting open houses and find it to be a waste of time. An open house may not bring a seller a purchase agreement, but it will provide you with a good idea on your pricing strategy. Recession or not, if something is priced right buyers will come.
Of all the homes for sale in St. Louis Park that compare to my listing’s price, sq footage and amenities I didn’t see any advertised open houses in December. Maybe a missed opportunity for the seller, buyers that are just getting started or the Realtor.
The weather doesn’t change the traffic on an open house, only an overpriced home will leave you all by yourself.
