Most Real Estate agents hate open houses. They think that they are a waste of time and get no results.
At Mound City Auctions we love open houses for our real estate auctions in St. Louis, they give us a chance to explain auctions to a lot of new potential bidders and sellers in a very short time. We do not use a lock box which forces our bidders to come in when the other bidders are there. Aha competition, it is a good thing.
We like to ask our attendees what they think the high bid will be and see what they think, it is a twist a regular real estate open house doesn't offer.
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