A short post today. The hunt is on, and how the game is played here in Silicon Valley is that you pretty much have to hit open houses.
How different this was than our experience of selling in Phoenix. There, open houses were drains on the agent’s time. They would come, set out some cookies, and wait. And wait. And wait.
In 3 hours (or sometimes 5 hours, as they often started at 11 instead of 1) they would count it lucky if they had more than 5 visitors. And, truth be told, at least half of them were neighbors looking at the “competition”.
In Silicon Valley though, the Saturday and Sunday open houses are wild. Gourmet snacks are common, well staged houses, and throngs of people. Literally scores of groups of people. Some stay for a few minutes, some for an hour, allowing the agents to gauge interest. But always, even in the worst looking houses in the worst neighborhoods, the cars keep coming.
For a buyer, knowing that you will need to compete against all the potential suitors, it is a groaner.