Transform Transform June 2014 | Page 14

Open House Strategies for More Traffic & Leads Holding an open house is still one of the best ways to lure potential buyers into the home buying process. It’s a no pressure way for home seekers to stroll through a property and image living there. While real estate agents receive a lot of tips on holding open houses, many of them fall flat. I have learned some nontraditional techniques can really step up the impact of these valuable marketing events. Get Online Most modern house hunters search for open houses using the Internet or their smart phone. It means that tech savvy real estate agents have an edge over those still using old school methods. Listing your open houses on as many local websites as possible can help gain the maximum 14 exposure. Some sites include the event on phone apps so you get wider exposure, especially to young, first-time home buyers. Choose an Off Time Most open houses are held on Sundays on Saturdays. They also typically run from early to mid-afternoon. If you carefully research open houses in your farming area and discover that your competitors are holding their open houses at identical times then consider choosing a time that is slightly longer or offset. For instance, if you find most open houses on a given day are scheduled to end at 4:00 p.m. then extend your event until 5 or 6:00 p.m. Signs, Signs and More Signs In order to get a large turnout, people have to know about it. Many real estate agents underestimate the number of signs that they need, placing only one or two at the end of the street. Instead, consider placing seven to eight signs around the neighborhood and strategically locate them at major roadways. Tying balloons onto the sign makes it stand out from the others and lets potential buyers know that it’s new. Another technique is add signage in the yard a week before the planned event. It can be as simple as adding a rider to the sale sign or placing a separate sign next to the sale sign. If posted a week in advance it gives passersby traffic plenty of time to notice it. Then on the day of the open house attach more balloons to the yard sign to help drivers identify it easily.