PP: What feedback did your agent provide after the broker's open for your home? Why did you think it was overrated?

13:33 here. I think agent feedback is wildly overrated.

Anonymous wrote:They are a relic from the days when the MLS wasn't on the internet.

They are busy work for agents nowadays. Pictures for the internet are much more valuable.

You obviously haven't been to see many homes in person recently. I have, and I can assure you that they are very, very often very, very different from what is pictured online. Probably 75% of the houses I liked online turned out to have serious dealbreakers that were conveniently not pictured. On the flip side, it wasn't uncommon to find something interesting or charming that was not captured in the online listing. The nice thing was that our agent took the time to see a lot of properties in person so it got to the point where he could tell us in advance whether it was worth our time to see something in person.

Also, the online pictures are often photoshopped to the point of uselessness.Look at the stoves, couches, and other things that are generally of a standard/fixed size, and see how incredibly loooooooooong they appear. The proportions are stretched completely out of whack and the real-life house looks compeltely different.

Our realtor did a broker's open house, and we did get great feedback from it. A GOOD realtor (and there are many bad ones) will really work the buyer's agents. (I'm not a realtor -- just someone that recently sold a house with a really good one.)

Yeah, but buyers will actually go see the property, not buy on photos alone. The photos get them in the door.

A broker can't change the property either.

13:33 -- I'm a marketer, and you are the reason I make a ton of money.

Do you realize how easily one can hide flaws and misrepresent a property by taking the right photos?

Have the Broker's Open. One of those brokers will find your buyer.

They are a relic from the days when the MLS wasn't on the internet.

They are busy work for agents nowadays. Pictures for the internet are much more valuable.

Broker feedback can be really valuable. I'd say yes if your agent suggests having one.

We had one and it was much more valuable than a regular open house. Had the broker's open on a Friday, and the house was under contract by Sunday evening!

What's the downside? They can schedule it for when you're not going to be home anyway. I say the more people who see your house, the more likely it is to sell.

Is it worth it or does it just give other realtors--whether they have a buyer or not-- a chance to pick apart your home for a few hours (compared to being at an open house for 15 minutes where you are in and out)?

Realtor here. The realtors coming to the brokers' open do not spend a few hours at your home. They are there for 15 minutes at most, because they have a lot more houses to see. And agents can "see" a house much faster than buyers at a regular open house. But they are a very good idea, and are often a much better use of your time out of the house than a Sunday open house. And your agent can get great feedback from them on price, staging, etc.

My boss did it and sold her house in 3 days, 2m, and buyer paying cash.

I think it's up to your realtor. We did one a couple of weeks ago and it worked out very well because lots of realtors came back with their interested clients and we sold our house almost immediately. Good luck!

Anybody have experience with having these? Do most realtors do this? Is it worth it or does it just give other realtors--whether they have a buyer or not-- a chance to pick apart your home for a few hours (compared to being at an open house for 15 minutes where you are in and out)?