Every Open House in Hoboken this weekend as compiled from the Midweek and Hoboken Reporter, the MLS, every Realtor website and email and Craigslist courtesy of the Turoff Realty Team.
A few weeks ago (the weekend of the A&M Festival) I performed an unscientific survey to determine the distribution of open house start times. Even though the Saturday OHs outnumbered the Sundays 38 to 29 (as you would expect on the day of the festival) I was surprised that there were even that many. I decided to look again today, assuming that this weekend is more “typical.”
As of the time of this initial post (I do update the map periodically as the weekend progresses and new open houses get posted to the MLS) there are 38 open houses scheduled for Saturday, and 66 for Sunday. Here is the breakdown of starting times:
Saturday: noon – 12 (31.6%); 1PM – 19 (50%); 2PM or later – 7 (18.4%)
Sunday: noon – 12 (18.2%); 1PM – 42 (63.6%); 2PM or later – 12 (18.2%)
So Sundays from 1 to 3PM is clearly the most popular time for open houses to be held, and as I stated a few weeks ago, if you’re out house hunting those are the hours when you can see the most places. From a sellers viewpoint, scheduling your open house outside of the 1 to 3PM window means less competition, but also potentially fewer buyers.
So here are the poll questions of the day – When are buyers out going to open houses? Are they being scheduled on Sundays from 1 to 3 because that’s when you want to go house hunting, or is that just the most convenient time for the Realtors who are looking to schedule their weekends? I typically try to schedule two open houses a day, one from 12 to 2 and another from 2:30 to 4:30 so that my sellers get a piece of that rush hour crowd, but I also get the early risers and late brunchers. Are my sellers being well served or am I missing the mark? Your comments and suggestions are encouraged.
When you look at the map, place markers are color coded:
- Studio & 1BRs are red
- 2BRs are green
- 3BR & Bigger are yellow
New listings are marked with a Push Pin icon.
Click on the location marker for:
- open house date
- unit size
- asking price
- down arrows indicate price reductions
- link to the MLS listing
Want to know which open houses are on Saturday and which only Sunday? Click on “tools” at the top of the list and enter the word “sat” or “sun” (without the quotes) into the search box.
Did you know that the agent hosting an open house is the Seller’s agent?Whether it is the actual listing agent or any other agent from the same company, that person legally represents the sellers. Not only that, the hosting agent – by law – has a fiduciary duty to the seller to get that seller the highest possible pricefor that property. Do you think it might be a conflict of interest for that same person to then represent you? Many people think so. In fact, in many states (other than NJ) it is illegal for the same agent to represent the seller and also work with the buyer.
Did you know that when you go to an open house you can see the property at the open house on your own and, if you like it, go back to it with your own agent?You can! So if you see something you like at an open house you might want to consider finding your own agent who does not work for the seller.Just because you walk into an open house does not mean that the hosting (seller’s) agent gets to “claim” you as his or her customer – even if you “sign in”. You are the consumer. You are spending your hard earned money on what is probably the biggest investment you will make in your life. Don’t you think you should be able to work with whom you choose?
Questions? Text us at 201 993 9500.