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Capella’s Open House thread (1 Viewer)

comfortably numb said:
 I don't disagree with you necessarily but I think hes fine if hes professional and courteous.  For the most part the house would sell itself. 

 If it were me I would bring some humor into it anyone that walks in I would proclaim.... full disclosure I am the home owner so please don't make fun of the large gnome collection in the bedroom that belongs to my wife and the chalk outline of the dead body in the backyard I've been told by the local authorities that they will be here to clean it up tomorrow morning.  Please take a cookie and feel free to ask any questions

 In doing so you can show agents and buyers that you're personable any maybe reasonable to work with and  If you have some moxie it wouldn't surprise me if an agent or to try to recruit you into getting your realestate license
Click to expand...
Good advice. I’ll be personable, up front and most importantly, will shtick it up. 

 
Also, shark move.

Find whichever neighbor you’re coolest with and offer to send them to lunch during the open house hours. 

Rent an Iroc Z28, park it in there driveway. Hire a stripper to give it a nice soapy bubbly car wash in a thong and white tee shirt during the open house. When the attendees aren’t next to their wife, they’ll ask questions. Just give a wink and say that’s car wash caren, she’s out there every Sunday, very friendly, and the wives usually get along with her well too.

if you have more than one horn dog male at the open house, bidding war 💰

 
fantasycurse42 said:
You’re hosting your own open house?

WTF are you even paying this agent for? 

FSBO, imo. 
Click to expand...
She had plans, I didn’t and always wanted to do this. 

“Hi please have a cookie”

”make sure you sign in!”

”thank you, hope you enjoyed the house!”

excited 

 
Capella said:
She had plans, I didn’t and always wanted to do this. 

“Hi please have a cookie”

”make sure you sign in!”

”thank you, hope you enjoyed the house!”

excited 
Click to expand...
But that’s what I’m saying, if you want to do this, you could’ve saved whatever percentage you agreed to pay this agent. 

Sure, you would’ve had to invest some time to do some research, but simply posting the house on Zillow, Trulia, Redfin, & Realtor you’re going to get 98% of the eyes the agent will get. 

Sounds like it’s a process you’re excited to be involved with, so you could save five figures worth of money.

 
refer to literally everything as the freshmaker for instance if they like a window say windows the freshmaker that would just make me laugh take that to the bank bromigo

 
fantasycurse42 said:
But that’s what I’m saying, if you want to do this, you could’ve saved whatever percentage you agreed to pay this agent. 

Sure, you would’ve had to invest some time to do some research, but simply posting the house on Zillow, Trulia, Redfin, & Realtor you’re going to get 98% of the eyes the agent will get. 

Sounds like it’s a process you’re excited to be involved with, so you could save five figures worth of money.
Click to expand...
Yea but I’m buying a house now and don’t want to deal with all the paperwork. I could pay a lawyer to review it but I don’t want to deal with it. 

 
fantasycurse42 said:
But that’s what I’m saying, if you want to do this, you could’ve saved whatever percentage you agreed to pay this agent. 

Sure, you would’ve had to invest some time to do some research, but simply posting the house on Zillow, Trulia, Redfin, & Realtor you’re going to get 98% of the eyes the agent will get. 

Sounds like it’s a process you’re excited to be involved with, so you could save five figures worth of money.
Click to expand...
:lmao: :lmao:

The vast majority of listing agents do not hold their own open houses. 

 I would never want my listing agent to hold the open house. If they get a buyer, it's very hard to advocate 100% for my interests if you have an interest in the other side of the deal.  I would only do it if I don't know the seller on a personal basis or if the seller wanted me to so they could get a reduced fee and I made a little more. 

To do them right, you should invite everyone in the surrounding 40 homes an hour earlier. They often have the best buyers.  I also can double the amount of people that attend from just those websites you mentioned with a few other tricks.

 
Getzlaf15 said:
:lmao: :lmao:

The vast majority of listing agents do not hold their own open houses. 

 I would never want my listing agent to hold the open house. If they get a buyer, it's very hard to advocate 100% for my interests if you have an interest in the other side of the deal.  I would only do it if I don't know the seller on a personal basis or if the seller wanted me to so they could get a reduced fee and I made a little more. 

To do them right, you should invite everyone in the surrounding 40 homes an hour earlier. They often have the best buyers.  I also can double the amount of people that attend from just those websites you mentioned with a few other tricks.
Click to expand...
How old are you? I’m asking not to be insulting, but I think you’re much older than I am, and the real estate industry is in the early stages of a major disruption, and based on any conversation we have on the topic, I don’t think you see it. Companies like Opendoor, Knock, and services like Zillow Instant Offers are already one way I could see the industry changing (those services are in their infancy, but you can see the model or something similar taking shape, click then sell), but that wall of information that agents were able to own just 15 years ago is now readily available to the consumer.

Margins are already being squeezed, broker margins are razor thin and getting worse, those are your first hints. The good news is I think you’re old enough to avoid most of it, but in 20-30 years, I think it’s going to be a much different game.

 
Mr. Ected said:
Mock neck turtleneck? (AKA Dickie)
Click to expand...
ok... I could be wrong, but- I thought a dickie was a just the collar and top front of a shirt, meant to wear under stuff. and I thought a mock turtleneck was like a regular turtelneck but without enough neck to flap down.

we need to get this sorted before the open house or capella's doomed.

 
El Floppo said:
Mr. Ected said:
Mock neck turtleneck? (AKA Dickie)
Click to expand...
ok... I could be wrong, but- I thought a dickie was a just the collar and top front of a shirt, meant to wear under stuff. and I thought a mock turtleneck was like a regular turtelneck but without enough neck to flap down.

we need to get this sorted before the open house or capella's doomed.
Click to expand...
I think you are correct, but when I googled it, for Dickies, all I could get was the store/brand. So I included both.

When I re-Googled it, the best I could get was "dickie mock turtleneck."

Maybe he ought to stick to a scarf or ascot to avoid confusion! ;)

 
fantasycurse42 said:
How old are you? I’m asking not to be insulting, but I think you’re much older than I am, and the real estate industry is in the early stages of a major disruption, and based on any conversation we have on the topic, I don’t think you see it. Companies like Opendoor, Knock, and services like Zillow Instant Offers are already one way I could see the industry changing (those services are in their infancy, but you can see the model or something similar taking shape, click then sell), but that wall of information that agents were able to own just 15 years ago is now readily available to the consumer.

Margins are already being squeezed, broker margins are razor thin and getting worse, those are your first hints. The good news is I think you’re old enough to avoid most of it, but in 20-30 years, I think it’s going to be a much different game.
Click to expand...
Presumably capella wants to sell at FMV sooner than 20-30 years from now.

 
fantasycurse42 said:
How old are you? I’m asking not to be insulting, but I think you’re much older than I am, and the real estate industry is in the early stages of a major disruption, and based on any conversation we have on the topic, I don’t think you see it. Companies like Opendoor, Knock, and services like Zillow Instant Offers are already one way I could see the industry changing (those services are in their infancy, but you can see the model or something similar taking shape, click then sell), but that wall of information that agents were able to own just 15 years ago is now readily available to the consumer.

Margins are already being squeezed, broker margins are razor thin and getting worse, those are your first hints. The good news is I think you’re old enough to avoid most of it, but in 20-30 years, I think it’s going to be a much different game.
Click to expand...
I understand completely what is going on.  You could be right about 20-30 years from now.

And you could also be wrong.  There are so many companies trying to disrupt, that none of them might ever take hold.   It's not like you can invent something so earth shattering in this industry , that you grab a huge amount of market share like Amazon did.   All those things you mentioned are grabbing niche parts of the market, in areas where they can work. RE is too regional for something to take a huge national hold IMO. 

Gary Keller is coming out with Instant offers very soon to compete with Zillow. They already have Keller Mortgage. There are so many other companies fighting for all of this, and thus squeezing the margins as you talked about.   I left KW after almost 5 years last September.

I was in the Fantasy Sports Industry for a long time. Was on the initial FSTA board back in 1999. Trade shows twice a year. Many big and small companies back then wasted incredible sums of money thinking the fantasy sports would be played on your TV, and that you would be able to change your lineups on the fly.  It never, ever took hold. Fantasy sports has always been about the community aspect of your leagues in several ways.

Gary Keller is investing huge sums of money right now on agent apps, KW mortgage, KW instant offers, etc.   IMO, with all this competition, it's not going to take hold the way he thinks. He compares it to be like Amazon, Netflicks, Uber, where you can have an app on your phone and touch a button to do anything RE wise.  

What he's forgetting are two things.
Amazon, Netflicks, Uber, etc, are things you can't touch.   You have to go and touch and feel a home.   Just like you do when you a buy a car. You can search all you want on the net for a car, but very few people buy a personal car without driving it first.  Back in 2000, you saw similar stories about how the car buying industry would drastically change and that salesmen would be eliminated. Didn't happen because you have to touch and feel the car.

More touch and feel....   I switched to a new brokerage that believes the old model of RE is dying, which it is for sure.  Both owners have incredible experience in VR technology and they are applying to RE at a level I've never seen.   Not your basic 3D tours.  Highly advanced tours of the home that include a second "skyview" tour of the home so that you can see any part of the home outside as well.    Sellers are absolutely loving this. It's winning listings almost every time.  The owners have got the cost down to agents to $200, for both tours. The same as a good photographer charges for 25 MLS pictures. They do this buy partnering with vendors to absorb a lot of the costs.

They are shooting VR tours of new, model homes for any builder that wants them. For free.    The builders are now choosing our company to solely represent their inventory. Just one year old, they now have top share in this with about 15% of the builders.  One added every month. They also have a developer that owns 4000 lots just outside of Boise. We are going to develop those in the next 15 years.  4000 homes x $350,000 x 2% commission is $28,000,000 of agent revenue, plus all the revenue from selling the home for anyone that buys those homes.

When we get to 80% of all the builders shot, by the end of this year all those new homes will go into a database and a customer can search new homes the same way they search the MLS or Zillow. Have you been to any builders web site lately?  They are all horrible and very hard to search on, and that's just for their homes.

VR head sets are coming down in price and going up in quality.  Next Xmas or the one after that, they will be the major Xmas rage for everyone hen they are $100.  When almost everyone has one in their home in 5 years,  you in NY will be able to see the inside of any home in Boise you like, all while sitting on the couch.  This to me, is larger than any of that Zillow instant buy stuff.  That's a fad that will die when people run into the complex issues that are often involved in buying a home.

The second thing is the best companies are these days are working from the bottom up, and not the top down. They are able to get the pulse of their customers in real time, and not wait weeks, months or quarters to make decisions.  The C21's, ReMax's and the like, are going to die.

Certainly is interesting times in RE.   

 
Getzlaf15 said:
I understand completely what is going on.  You could be right about 20-30 years from now.

And you could also be wrong.  There are so many companies trying to disrupt, that none of them might ever take hold.   It's not like you can invent something so earth shattering in this industry , that you grab a huge amount of market share like Amazon did.   All those things you mentioned are grabbing niche parts of the market, in areas where they can work. RE is too regional for something to take a huge national hold IMO. 

Gary Keller is coming out with Instant offers very soon to compete with Zillow. They already have Keller Mortgage. There are so many other companies fighting for all of this, and thus squeezing the margins as you talked about.   I left KW after almost 5 years last September.

I was in the Fantasy Sports Industry for a long time. Was on the initial FSTA board back in 1999. Trade shows twice a year. Many big and small companies back then wasted incredible sums of money thinking the fantasy sports would be played on your TV, and that you would be able to change your lineups on the fly.  It never, ever took hold. Fantasy sports has always been about the community aspect of your leagues in several ways.

Gary Keller is investing huge sums of money right now on agent apps, KW mortgage, KW instant offers, etc.   IMO, with all this competition, it's not going to take hold the way he thinks. He compares it to be like Amazon, Netflicks, Uber, where you can have an app on your phone and touch a button to do anything RE wise.  

What he's forgetting are two things.
Amazon, Netflicks, Uber, etc, are things you can't touch.   You have to go and touch and feel a home.   Just like you do when you a buy a car. You can search all you want on the net for a car, but very few people buy a personal car without driving it first.  Back in 2000, you saw similar stories about how the car buying industry would drastically change and that salesmen would be eliminated. Didn't happen because you have to touch and feel the car.

More touch and feel....   I switched to a new brokerage that believes the old model of RE is dying, which it is for sure.  Both owners have incredible experience in VR technology and they are applying to RE at a level I've never seen.   Not your basic 3D tours.  Highly advanced tours of the home that include a second "skyview" tour of the home so that you can see any part of the home outside as well.    Sellers are absolutely loving this. It's winning listings almost every time.  The owners have got the cost down to agents to $200, for both tours. The same as a good photographer charges for 25 MLS pictures. They do this buy partnering with vendors to absorb a lot of the costs.

They are shooting VR tours of new, model homes for any builder that wants them. For free.    The builders are now choosing our company to solely represent their inventory. Just one year old, they now have top share in this with about 15% of the builders.  One added every month. They also have a developer that owns 4000 lots just outside of Boise. We are going to develop those in the next 15 years.  4000 homes x $350,000 x 2% commission is $28,000,000 of agent revenue, plus all the revenue from selling the home for anyone that buys those homes.

When we get to 80% of all the builders shot, by the end of this year all those new homes will go into a database and a customer can search new homes the same way they search the MLS or Zillow. Have you been to any builders web site lately?  They are all horrible and very hard to search on, and that's just for their homes.

VR head sets are coming down in price and going up in quality.  Next Xmas or the one after that, they will be the major Xmas rage for everyone hen they are $100.  When almost everyone has one in their home in 5 years,  you in NY will be able to see the inside of any home in Boise you like, all while sitting on the couch.  This to me, is larger than any of that Zillow instant buy stuff.  That's a fad that will die when people run into the complex issues that are often involved in buying a home.

The second thing is the best companies are these days are working from the bottom up, and not the top down. They are able to get the pulse of their customers in real time, and not wait weeks, months or quarters to make decisions.  The C21's, ReMax's and the like, are going to die.

Certainly is interesting times in RE.   
Click to expand...
I’m baking some cookies for Saturday 

 
Mr. Ected said:
Is it too late to set up 'hidden' cameras in rooms to see what people thinking about the place?
Click to expand...
If you do this, it has to be disclosed to everyone coming inside.   It's done way more than you think by sellers. If you are buying, it's a very good idea to not talk about the house until you are outside.  It can really hurt your negotiating power.

 
Last edited by a moderator:
Getzlaf15 said:
I understand completely what is going on.  You could be right about 20-30 years from now.

And you could also be wrong.  There are so many companies trying to disrupt, that none of them might ever take hold.   It's not like you can invent something so earth shattering in this industry , that you grab a huge amount of market share like Amazon did.   All those things you mentioned are grabbing niche parts of the market, in areas where they can work. RE is too regional for something to take a huge national hold IMO. 

Gary Keller is coming out with Instant offers very soon to compete with Zillow. They already have Keller Mortgage. There are so many other companies fighting for all of this, and thus squeezing the margins as you talked about.   I left KW after almost 5 years last September.

I was in the Fantasy Sports Industry for a long time. Was on the initial FSTA board back in 1999. Trade shows twice a year. Many big and small companies back then wasted incredible sums of money thinking the fantasy sports would be played on your TV, and that you would be able to change your lineups on the fly.  It never, ever took hold. Fantasy sports has always been about the community aspect of your leagues in several ways.

Gary Keller is investing huge sums of money right now on agent apps, KW mortgage, KW instant offers, etc.   IMO, with all this competition, it's not going to take hold the way he thinks. He compares it to be like Amazon, Netflicks, Uber, where you can have an app on your phone and touch a button to do anything RE wise.  

What he's forgetting are two things.
Amazon, Netflicks, Uber, etc, are things you can't touch.   You have to go and touch and feel a home.   Just like you do when you a buy a car. You can search all you want on the net for a car, but very few people buy a personal car without driving it first.  Back in 2000, you saw similar stories about how the car buying industry would drastically change and that salesmen would be eliminated. Didn't happen because you have to touch and feel the car.

More touch and feel....   I switched to a new brokerage that believes the old model of RE is dying, which it is for sure.  Both owners have incredible experience in VR technology and they are applying to RE at a level I've never seen.   Not your basic 3D tours.  Highly advanced tours of the home that include a second "skyview" tour of the home so that you can see any part of the home outside as well.    Sellers are absolutely loving this. It's winning listings almost every time.  The owners have got the cost down to agents to $200, for both tours. The same as a good photographer charges for 25 MLS pictures. They do this buy partnering with vendors to absorb a lot of the costs.

They are shooting VR tours of new, model homes for any builder that wants them. For free.    The builders are now choosing our company to solely represent their inventory. Just one year old, they now have top share in this with about 15% of the builders.  One added every month. They also have a developer that owns 4000 lots just outside of Boise. We are going to develop those in the next 15 years.  4000 homes x $350,000 x 2% commission is $28,000,000 of agent revenue, plus all the revenue from selling the home for anyone that buys those homes.

When we get to 80% of all the builders shot, by the end of this year all those new homes will go into a database and a customer can search new homes the same way they search the MLS or Zillow. Have you been to any builders web site lately?  They are all horrible and very hard to search on, and that's just for their homes.

VR head sets are coming down in price and going up in quality.  Next Xmas or the one after that, they will be the major Xmas rage for everyone hen they are $100.  When almost everyone has one in their home in 5 years,  you in NY will be able to see the inside of any home in Boise you like, all while sitting on the couch.  This to me, is larger than any of that Zillow instant buy stuff.  That's a fad that will die when people run into the complex issues that are often involved in buying a home.

The second thing is the best companies are these days are working from the bottom up, and not the top down. They are able to get the pulse of their customers in real time, and not wait weeks, months or quarters to make decisions.  The C21's, ReMax's and the like, are going to die.

Certainly is interesting times in RE.   
Click to expand...
Lolz, you're old! 

 
We're having a showing on Saturday. It's not even on the market yet. Crazy. A realtor was fishing for a sale on some Neighborhood website I'm on. 

I turned her over to my realtor and oddly she wasn't just fishing, she really does have a couple interested.

Might sell the thing without even putting it on the market!

 
Cookie dough made. Going to bake in the morning. 

Balloons on the yard sign. 

Got the flyers from the agent. 

Pencil and clipboard on the counter. 

Ready to go. 

 
El Floppo said:
ok... I could be wrong, but- I thought a dickie was a just the collar and top front of a shirt, meant to wear under stuff. and I thought a mock turtleneck was like a regular turtelneck but without enough neck to flap down.

we need to get this sorted before the open house or capella's doomed.
Click to expand...
I think you are describing a dickfor

 
fantasycurse42 said:
You’re hosting your own open house?

WTF are you even paying this agent for? 

FSBO, imo. 
Click to expand...
My thought also.  Being in the process of selling my own house I would be leery of hosting the open house.  You could open yourself up to accusations of prejudice if one of the people coming thru decides to make an offer and doesn't get it.  You shouldn't be meeting potential buyers this early in the process.

 
Hot Diggity Dog said:
My thought also.  Being in the process of selling my own house I would be leery of hosting the open house.  You could open yourself up to accusations of prejudice if one of the people coming thru decides to make an offer and doesn't get it.  You shouldn't be meeting potential buyers this early in the process.
Click to expand...
If anybody wants to make an offer they can call my realtor. 

 
I suggest having a gavel on hand.

If you get more than one shopper onsite at once, start an impromptu auction complete with auctionspeak. 

 
Last edited by a moderator:
Alex P Keaton said:
Why hasn't the house sold yet?  What is the feedback from people who have looked at it?   What does your realtor say?
Click to expand...
Only been listed 8 days. All the feedback has been positive except one lady said it’s too nice for the neighborhood. (It’s a nice neighborhood but not super fancy). 

One person wondered if it gets enough light because we have two giant oak trees. All the other feedback has been positive and 3 couples have come back twice  

Realtor told me when we listed it that it would take 30 days because it’s a little pricier so it won’t show up in every Zillow search. 

 
Last edited by a moderator:
Capella said:
Only been listed 8 days. All the feedback has been positive except one lady said it’s too nice for the neighborhood. (It’s a nice neighborhood but not super fancy). 

One person wondered if it gets enough light because we have two giant oak trees. All the other feedback has been positive and 3 couples have come back twice  

Realtor told me when we listed it that it would take 30 days because it’s a little pricier so it won’t show up in every Zillow search. 
Click to expand...
You need to stay up another.six hours and drink a quart of rum.

 
Mr.Pack said:
We're having a showing on Saturday. It's not even on the market yet. Crazy. A realtor was fishing for a sale on some Neighborhood website I'm on. 

I turned her over to my realtor and oddly she wasn't just fishing, she really does have a couple interested.

Might sell the thing without even putting it on the market!
Click to expand...
They sound motivated. Raise the price.

 
Forgot the most important part... 

Lock the door to one room upstairs, and when people ask about it, get wild eyed and just shake your head and walk away muttering to yourself about how “nobody goes in the red room again” 

Godspeed. 

 
Last edited by a moderator:
[icon] said:
I suggest having a gavel on hand.

If you get more than one shopper onsite at once, start an impromptu auction complete with auctionspeak. 
Click to expand...
I would also suggest a large, noticeable safe in the living room with the door wide open.  Have a nice sign made up about accepting cash down payments TODAY for serious buyers.

 
Cookies all done. House is clean. Starts at 12. Idiot realtor dropped off flyers with the wrong price on them so we’re off to a good start. 

 
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