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How to Host a Broker Open House for a Luxury Listing

February 10 2014

This post comes to us from the HomeFinder.com blog:

homefinder broker open luxuryDid you recently score your first million-dollar listing? If you're looking to reach this niche buyers club, consider hosting a broker open house to help identify potential buyers, and to network with other luxury brokers. Follow the five tips below to host a successful broker open house and enter a new echelon of selling.

1.) Thoroughly research invitees: Do your homework and invite brokers in your area who specialize in the price point or area similar to your listing. Is your listing a million-dollar urban condo with sprawling park views? Or perhaps a historic country farmhouse on a multi-acre estate? Invite brokers that specialize in that specific home type; your attendees will be more interested in what your property offers instead of what snacks you're serving.

2.) Timing is everything: Schedule your broker open houses during a time that won't interrupt client meetings or fall in the middle of the daily grind. A breakfast or cocktail event is likely to attract more attendees than an open house in the middle of the day.

3.) Attract top-producing agents: Offer private tours of the home to work around top producers' busy schedules. If they work with luxury clients from around the globe, use Skype or Google Hangouts to offer a virtual tour of the property. If you have enough details on their high-profile buyers, research them so you know what features the buyer is looking for in a home. For example, if their client is a professional athlete, highlight the home's athletic courts.

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