A quick look at Open Houses
in the Santa Monica real estate market
Open Houses are a great way
to check out the real estate market in Los
Angeles. Not only do they allow you to see
the area’s current inventory, but they
really allow you to check out the entire
market at a glance in terms of price. For
instance very quickly you can get an idea of
what prices are in West Los Angeles relative
to Santa Monica or Venice.
In our area here in Santa
Monica, as well as most of the rest of Los
Angeles, Open Houses are mainly held on
Saturday and Sunday. If you only have one
day available to check them out, go on
Sunday as there are at least twice as many
to see as on Saturday.
Generally Open Houses are
held usually from 2-5 during the Summer
months and then they roll back to 1-4 when
there’s less daylight.
Open Houses not only give you
the opportunity to see the home but they
also give the opportunity to get the back
story on the house…like why is it for sale?
Any wiggle room in the price? Etc. Your
agent at realestate-santamonica.com will be
able to help you with this, but if you
happen to be on your own, it’s a nice way to
get a little extra info on the property.
In addition to the Open
Houses on the weekends, there is also what
we call in the business “Brokers’ Open.”
This is held on Tuesdays from 11-2. All the
new homes and condos that are hitting the
market are previewed for all the agents to
see. This is not only a great way for
agents to pre-screen potential homes for
their clients, but it’s also a great way for
home buyers to get a jump on the competition
and check out what’s new.
Many agents choose not to
send clients to Brokers’ Open, but we at
realestate-santamonica.com encourage this.
It really is a handy way to see what’s
new…and here’s a little secret: many agents
provide snacks and drink at these Open
Houses, so it’s definitely a great way to
spend your lunch hour!
MAKE A PLAN
When hitting Open Houses you
need to make a plan! Yes you read that
correctly…make a plan. I don’t want to turn
a fun activity into a chore, but remember
that Open Houses are only held for three
hours at a time. If you want to see a
number of places, you should get organized!
Too often I’ll take clients out and they get
a little side-tracked or want to stop and
eat, etc…before you know it those Open
houses are open no longer.
Choose a reasonable number of
places you want to see during the afternoon
and get your driving directions in order.
You do not want to waste precious time
Try to keep moving forward
when viewing homes…you don’t want to be
back-tracking all over town. This just eats
up your time. A well-plotted course may
take you a few minutes to generate before
leaving home, but it will definitely enable
you to see more homes.
Well happy hunting and
remember that at realestate-santamonica.com,
we’re here to help!