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Peggy Tupper

To John Stapleton Your statistics do not include all the buyers/sellers who met because the sale was private and did not involve an agent. This type of sale is becoming more common.

Your statistics also do not include all the sales where the listing agent sold the property without a "buyers" agent; obviously a listing agent is present in such circumstances.

   
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Jennifer M

John Stapleton my real estate agent said the same thing, that open houses are beneficial primarily for the agent, who can connect with buyers who don't have an agent yet. And also that the online listings are incredibly crucial these days, so the photos better be great.

That said, we had only two weekends of open houses and zero private showings, and received 4 offers on the second weekend of open houses.

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gardenridge

I find this an odd generalization, too. It depends on the market. Right now, putting a sign on a house and having an open house results in bidding wars well over asking price. One viewing, one weekend and a scramble to get the best bid in. Down the street, I noticed a different sign on a realtor sign that said it was "coming soon" so that is intended to create an onslaught of buyers who must prepare their information and be ready to offer. Prices are out of sight.

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