Hosting A Mega Open House

I have recently been asked to share more about Mega Open Houses. Last Spring in our Spring Into Action MEC event I spoke about this hot new marketing strategy Mega Open House. Since then I continue to get questions about the best practices for hosting a Mega Open House. There really is no secret. However, there are a few must do’s to give yourself the best possible chance at a highly successful open house.

According to NAR’s 2016 Profile of Home Buyers and Sellers open houses are a great way to find top tier prospects.

  • 44 percent of all buyers used an open house as a source in their home search process.
  • 68% of all buyers and sellers say they used the first agent they met!
  • Buyers with a median income between $175,000 and $199,000 are more likely to find their home through an open house compared to those in other income brackets.
  • Repeat buyers are more likely to find their home from an open house than first-time buyers
  • and repeat buyers use open houses more frequently.

Knowing that Open Houses are the single best practice to pick up a buyer and potentially if you’re really good a seller. You should be hosting open houses every chance you get. Here are my 10 steps to a successful Mega Open House.

1.Knock out a quick video to promote the open

Using video apps like Videolicious are the easiest way to generate a quick video about your open house. You simply download the app, take a few pictures of the home you plan to host open, click start and start talking. This app is so easy you’ll have a video up and on Facebook within minutes.

2.Post video throughout social networks

Social media is the most cost effective medium for advertising listings and open houses. Post your video on Facebook, Instagram, Twitter, LinkedIn, Pinterest and of course YouTube. YouTube is super important because you then get the SEO value of indexing the property address on Google and YouTube. You will always be found as long as the video stays online.

3.Boost your video on Facebook

Boosting ads on Facebook is a must to promote your Mega Open House. For approximately $60.00 you can run a Facebook boosted ad for three days and reach thousands of impressions, get hundreds of clicks and drive traffic right to the very video you made posted on YouTube or your website.

4.Mail or hand out personal invites to neighbors

Grab a handful of flyers and or invitations to your Mega Open House and hit the streets, Target the neighbors within walking distance of the home you will be holding open. Door knocking is a wonderful way to find your next listing. Walking door to door inviting the neighbors to come early and see the home is a great way to discover a listing as well as set the stage for you Mega Open House.

5.Host a private Neighbor only event 1 hour prior

In conjunction with the above door knocking you’ll want to host a one hour neighbor only pre open house. This is a great way to get to know the neighbors and find those potential sellers before other agents working the area get a shot at the listing. Make sure you have snacks and beverages on hand.

6.Use a minimum 20 directional signs

Signs, signs, everywhere signs… So goes the song. The more the better. Frank Liu a RE/MAX Gold agent in San jose uses 0ver 40 signs all directing traffic to his Mega Open Houses, This not only gets more traffic to your open house but it sends a strong message to the neighbors that you mean business when selling a home.

7.Use flags, banners, balloons, etc to attract attention

Here again the more the merrier. Use the tall flags that plop in the ground. Banners, the RE/MAX 7ft air balloon is an awesome tool for Mega Open Houses. You basically want to create a ton of attention for your open house and demonstrate to the neighbors that you will go above and beyond to sell their home.

8.Roll out red carpet and serve refreshments

You read right. Red carpet is a must! Go to your local fabric store and ask for a giant roll of red material. Roll it our from the front door to the street. This is a great way of welcoming guests to your open house .

9.Post notice “Seller’s require all attnedees sign in on door”

Many agents bring their iPad, tablet or even laptop to the open house and have a snazzy little app that capture buyers information. Nothing works as good as a simple hand written notice taped to the front door that simply says “The sellers have requested that all attendees sign in”. Works everytime and you will walk away with everyone’s email and phone number.

10.Set up a sign in table at the front door.

Don’t forget this essential. If you do the above you’ll need a small table with a sign in book.

That’s it. No magic formula. Like most marketing efforts it only requires you get out of bed and make it happen. If you follow these 10 steps outlined for hosting your next open house you will master the Mega Open House and win more listings.

25 killer Pinterest real estate board suggestions to target buyers and sellers

bill-best-photo-002-1-jpgThis guest post was written by Bill Gassett, a Realtor with Re/Max Executive Realty who has been helping people move in and out of the MetroWest Massachusetts area for the past 26 years. Connect with him on Google Plus.

 

pinterest

If you are just getting your feet wet with Pinterest for your real estate business, you may not know just how good the site can be as a marketing tool! You might also not realize that you need to have a variety of boards posted that are about a lot more than just the homes you have for sale. Using Pinterest for real estate well entails having a variety of useful boards.

A common mistake that is prevalent among many real estate agents is the natural instinct just to share real estate listings, which to most people is really boring. Have no fear — here are 25 ideas for real estate boards that you can create to bring your Pinterest strategy to the next level and drive tons of traffic in the process back to your blog or website.

Before getting into the creative ideas, here’s a quick recap on ways to make your Pinterest pins reach their full potential:

  • Only pin interesting and high-quality images or videos. Blurry or boring pictures/videos have about a zero percent chance of getting repinned. Some of the best photos for pinning are of the long and skinny variety. They just stand out better in a sea full of pictures. There are times you will see a photo that has been pinned that is too small. You want to avoid this at all costs, as it will generate little activity.
  • Apply for rich pins. Rich pins look much better than a standard pin. When you are on Pinterest the difference between a rich pin and non-rich pin is night and day. The rich pin will have a bold title and an enhanced Web link. You can get rich pins by following a few steps. First you need to mark up your site with Web coding known as schema. There are numerous plug-ins you can add to your site that will do this for you. Once you have done that, you apply for rich pins at Pinterest. Once approved, your pins will look beautiful.
  • Keep descriptions short and sweet. People are on Pinterest to look at pictures, not read a novel. Make your descriptions keyword-rich but still short. You can even ask a question to get emotions involved and encourage comments (example: Can you picture yourself in this home?).
  • Add your website to the description. Adding your website to the description will provide a link to your website on every person’s board who repins your article. While the link is “no followed,” it is still a link and makes it easier for the reader to have something easy to click to get to your site.
  • Make hashtags your friend. They aren’t just for Twitter anymore. Pick two or three keywords or phrases that people would search to find your pins, add a hashtag to the front of them, and add them to your pin (example: #realestate #Boston homes, #dream home, #home inspiration, #home improvement, etc.).

OK, now that that’s covered, let’s get onto the Pinterest real estate board ideas:

best-pinterest-real-estate-boards-post

Boards to attract buyers

  1. Home Decorating and Inspiration. Put together a board with a collection of rooms designed by famous designers.
  2. My Dream Home. Almost everyone on Pinterest has a “Dream Home” board, and your job is to find pictures that your followers will want to add to theirs. Think massive walk-in closets, stunning built-in pools, and homes with curb appeal to leave anyone drooling.
  3. Best Kid Room Ideas. A simple concept to find and an even easier one to gain you some repins.
  4. Outdoor Living. Photos of lush waterfalls, stellar decks, and anything that would make a potential buyer jealous.
  5. Style-themed boards. Make one with contemporary decor, another with traditional, and another with country living.

Boards to attract sellers

  1. Capitalizing on Small Spaces. Ideas for people to make the most of their space, like multipurpose furniture ideas, and tips and tricks to using color.
  2. DIY Weekend or Home Improvement Projects. Like adding a built-in bookshelf to the office or tips for repainting a bedroom.
  3. Organizing Inspiration. Pinterest fans love creative organization ideas, so why not make a board about it?
  4. Repurposing Ideas. Another popular theme on Pinterest: People love to make new things from old things and then brag about it.
  5. Tips for Staging. Pin images that show the ideal way to stage a home for sale.
  6. Community Boards. Most real estate agents have a territory they cover that includes at least a few cities or towns. Promote everything about the real estate communities you cover. Start first by having city or town pages on your website that have interesting and unique photos that people will want to pin. Now take this concept and create a board for each of the towns you provide real estate services for and highlight all the best landmarks including schools, parks, restaurants, lakes and others that would be interesting to visitors. Remember, you want to get the point across that you are the local real estate market expert!