Tuesday, March 28, 2023
Chuck Marunde, J.D., Broker/Owner 360-775-5424


iRealty Virtual Brokers


Broker/Consultant

Washington State

SUBSCRIBE
  • Home
  • Search MLS
    • Sequim MLS
    • Sequim MLS Map Search
    • Port Angeles MLS
    • Port Townsend MLS
    • San Juan Islands MLS
    • All Islands MLS
    • How to Search the Sequim MLS
  • Videos
    • Sequim Videos Q&A
    • Buyer Videos Part 1
    • Buyer Videos Part 2
    • Buyer Videos Part 3
    • Buyer Videos Part 4
    • Living in Sequim Video Channel
  • Books
    The Coming Real Estate Crash

    The Coming Real Estate Crash

    The Sequim Real Estate Trilogy

    The Sequim Real Estate Trilogy

    Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

    Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

    Escaping California to the San Juan Islands

    Escaping California to the San Juan Islands

    Get Healthy

    Get Healthy: Increase Natural Immunities, Cellular Energy, Deep Sleep & Decrease Blood Pressure

    Manage Your Energy

    Manage Your Energy Not Your Time

    Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

    Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

    7 Myths of Selling Your Home

    7 Myths of Selling Your Home

    Buying Your Retirement Home

    Buying Your Retirement Home

    The New World of Marketing for Real Estate Agents

    The New World of Marketing for Real Estate Agents

    Sequim Real Estate For Buyers: Free eBook Updates Forever

    Sequim Real Estate For Buyers: Free eBook Updates Forever

    24 Secrets of Buying a Country Home

    24 Secrets of Buying a Country Home

    Sequim Real Estate: A Buyer’s Guide

    Sequim Real Estate: A Buyer’s Guide

    Living Off The Grid iin Alaska

    Living Off The Grid in Alaska

    Buying and Selling Real Estate

    Buying and Selling Real Estate

    Trending Tags

      • Sequim Real Estate for Buyers (Free eBook Updates Forever)
      • Sequim Real Estate: A Buyer’s Guide (Paperback)
      • Escaping California to The San Juan Islands
      • Buying & Selling Real Estate in The Rain Shadow
      • Real Estate From Bricks & Mortar to High Tech Virtuality
      • The Seven Myths of Selling Your Home
      • Buying Your Retirement Home
      • The New World of Marketing for Real Estate Agents
    • Agents
      Marunde Google

      Chuck Marunde on Google

      Flat Fee Listing Broker

      Flat Fee Listing Broker

      Buyers Agent Chuck Marunde

      Buyer’s Agent Chuck Marunde

      Trending Tags

        • Buyers Agent Chuck Marunde
        • Flat Fee Listing Broker
        • Google Profile & Leave Reviews
      Tetralogy
      No Result
      View All Result
      • Login
      • Register
      • Home
      • Search MLS
        • Sequim MLS
        • Sequim MLS Map Search
        • Port Angeles MLS
        • Port Townsend MLS
        • San Juan Islands MLS
        • All Islands MLS
        • How to Search the Sequim MLS
      • Videos
        • Sequim Videos Q&A
        • Buyer Videos Part 1
        • Buyer Videos Part 2
        • Buyer Videos Part 3
        • Buyer Videos Part 4
        • Living in Sequim Video Channel
      • Books
        The Coming Real Estate Crash

        The Coming Real Estate Crash

        The Sequim Real Estate Trilogy

        The Sequim Real Estate Trilogy

        Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

        Sequim Real Estate Videos for Buyers: The Ultimate Video Guide for Sequim Washington

        Escaping California to the San Juan Islands

        Escaping California to the San Juan Islands

        Get Healthy

        Get Healthy: Increase Natural Immunities, Cellular Energy, Deep Sleep & Decrease Blood Pressure

        Manage Your Energy

        Manage Your Energy Not Your Time

        Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

        Real Estate Brokerage From Bricks and Mortar to High Tech Virtuality

        7 Myths of Selling Your Home

        7 Myths of Selling Your Home

        Buying Your Retirement Home

        Buying Your Retirement Home

        The New World of Marketing for Real Estate Agents

        The New World of Marketing for Real Estate Agents

        Sequim Real Estate For Buyers: Free eBook Updates Forever

        Sequim Real Estate For Buyers: Free eBook Updates Forever

        24 Secrets of Buying a Country Home

        24 Secrets of Buying a Country Home

        Sequim Real Estate: A Buyer’s Guide

        Sequim Real Estate: A Buyer’s Guide

        Living Off The Grid iin Alaska

        Living Off The Grid in Alaska

        Buying and Selling Real Estate

        Buying and Selling Real Estate

        Trending Tags

          • Sequim Real Estate for Buyers (Free eBook Updates Forever)
          • Sequim Real Estate: A Buyer’s Guide (Paperback)
          • Escaping California to The San Juan Islands
          • Buying & Selling Real Estate in The Rain Shadow
          • Real Estate From Bricks & Mortar to High Tech Virtuality
          • The Seven Myths of Selling Your Home
          • Buying Your Retirement Home
          • The New World of Marketing for Real Estate Agents
        • Agents
          Marunde Google

          Chuck Marunde on Google

          Flat Fee Listing Broker

          Flat Fee Listing Broker

          Buyers Agent Chuck Marunde

          Buyer’s Agent Chuck Marunde

          Trending Tags

            • Buyers Agent Chuck Marunde
            • Flat Fee Listing Broker
            • Google Profile & Leave Reviews
          No Result
          View All Result
          iRealty Virtual Brokers
          No Result
          View All Result
          Home Buyer's Agent

          Sequim Open Houses

          Chuck Marunde by Chuck Marunde
          September 4, 2011
          Reading Time: 4 mins read
          0 0
          3

          Sequim open houses are weekend events from time to time, and June 4th and 5th is the big National Association of Realtors push for open houses all over the country.  Many Realtors are holding open houses on Saturday or Sunday afternoon, and most have advertised their open houses in the local print newspapers.  Local associations join the national campaign and much todo is made about the open houses and the opportunity to buy a home with all the hoopla Realtors can muster.  There are some major misconceptions about open houses, and unfortunately these misconceptions have been propagated by my own profession and the NAR.

          Sequim Open Houses Beware

          Sequim Open Houses and The Real Purpose

          Do you know the real purpose of an open house?  No, it’s not to sell the house.  Professional Realtors around the country know why they hold open houses, and they know that selling the home is very unlikely.  Only 1% to 2% of houses sell at open houses in a healthy real estate market according to the NAR. In a real estate recession like the one we are in now, my guess is that far less than 1% of homes sell at open houses.  It may be as low as 1/10th of 1% in this recession.  There are two major reasons for this.  The first is that there are fewer buyers these days, and who doesn’t already know that?  The second is that about 95% of all buyers are searching for their next home on the Internet, not in print newspapers and not by driving around looking at open houses.  In many areas, like mine, nearly all buyers are from outside the area, which means they are not in the area when an open house is held.

          So why do Realtors hold Sequim open houses?  There are two reasons.  First, they hold open houses to satisfy their selling clients, to be able to tell them they are doing something to market the home.  That reason is more smoke and mirrors than anything else.   The second reason is more substantive.  Realtors hold open houses so they can get a list of prospective buyers.  There it is!  The primary purpose of an open house is so the Realtor can meet buyers and try to reel them in.  They know they won’t sell them the open house, but they want to sell them something.

          Proof:  Go to an open house and listen to the questions the hosting Realtor asks you.  Do you live in the area?  How soon do you plan to buy a home?  Have you pre-qualified?  What is your price range?  What kind of work do you do? Do you both work? How many children do you have?  Where do you live now?  Do you rent or own?  Would you sign-in here with your name, address, phone number, and email address? Why would you give a Realtor you have not even hired to represent you all this personal information?  But there is an even greater danger you’ll want to know about.

          Sequim Open Houses and Buyers Beware

          Why is this such a big deal for buyers?  Why is it a red flag?  Why would I as a Realtor warn buyers about open houses?  The answer will be obvious when I tell you, if it isn’t already.

          The listing Realtor who is hosting the open house represents the seller, not you.  This agent has a legal and fiduciary duty to get the seller the highest possible price and the best possible terms.  If you really were interested in a home, would you want to give the seller’s agent all your personal information, information that could be used to negotiate against you?  Of course not.  Read a fuller explanation of the Danger of Dual Agency.

          I’ve been in the real estate business for 30 years, 20 as a real estate attorney.  I love the real estate business, and I love representing my clients ethically and without conflict.  I believe my job is to put my clients’ interest first and foremost above all else, even my own interests.  With that in mind, I do a lot of educational articles on this real estate blog, sharing the truth about how the real estate business really works behind the scenes so that buyers can beware of traps for the unwary, avoid sales gimmicks by agents, and protect themselves from conflicts that could cost them a lot of money.

          Would you like a simple way of ending all the personal questions and still be able to walk through an open house?  If you are going to be in the area driving around and looking at Sequim open houses, simply say to the hosting Realtor, “Thank you for the open house.  We are represented by a buyer’s agent, Chuck Marunde (or your own buyer’s agent’s name).  We’ll just walk through the home if that’s okay.”  That will end the questioning and make your experience more pleasant.

          If you’re attending Sequim open houses and you want to draft an offer on one, you can call me to represent you as your exclusive buyer’s agent at 360-775-5424.  Of course, we can meet at Starbucks and you can interview me first to see if you feel I am competent, professional, and experienced.  You can learn more about me at Sequim Buyer’s Agent.

          Last Updated on September 4, 2011 by Chuck Marunde

          Tags: sequim open houses
          ShareTweet
          Chuck Marunde

          Chuck Marunde

          Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

          Related Posts

          Homes Sold in Sequim
          Sequim Homes For Sale

          Sequim Homes: Pending and Sold

          January 23, 2021
          48
          Chuck Marunde
          Buyer's Agent

          Chuck Marunde Shares Personal Note

          December 31, 2020
          14
          Buyers Agent
          Buyer's Agent

          How Does a Buyers Agent Work?

          September 9, 2020
          10
          Sequim Real Estate Market
          Buyer's Agent

          Sequim Real Estate Market

          August 23, 2020
          10
          The Perfect Home
          Sequim Homes For Sale

          What if I Lose Out On The Perfect Home?

          August 19, 2020
          6
          Exclusive Buyer's Agent
          Buyer's Agent

          Exclusive Buyer’s Agent – The Most Experienced in the Northwest

          July 5, 2020
          4
          Next Post

          Buyer's Agent - Buyers Beware

          Saturday Sequim Open House 3 Br 2 Bath 2+ Acres

          Comments 3

          1. Adam Nego says:
            12 years ago

            This is the kind of information I love. I don’t see anyone else publishing this kind of helpful information on buying Sequim real estate. Seriously, your material on this Sequim real estate blog is appreciated. My wife wants to move to Sequim, and as they say a home with an unhappy woman is an unhappy home.

            Reply
          2. bowmanville real estate says:
            11 years ago

            I love your Sequim real estate blog. It’s the best real estate blog I’ve seen anywhere in the U.S. Of course, Sequim is pretty incredible, too. My wife and I subscribe to your blog and read your articles weekly. Please never stop!

            Reply
          3. Joel Stern says:
            11 years ago

            Excellent advice! I wish I had known it back in 2005, when I was victimized by a so-called presumed buyers agent working for Weichert Realty of Maryland who switched roels without my informed consent to become a sellers agent for my house of choice. This happened because of my igorance of obscure disclosure regulations and, yes, lack of due dilligence on my part. I simply didn’t know the right questions to ask a prospective buyers agent.

            Reply

          Leave a Reply Cancel reply

          Your email address will not be published. Required fields are marked *

          I agree to the Terms & Conditions and Privacy Policy.

          This site uses Akismet to reduce spam. Learn how your comment data is processed.

          "I wish I read this before selling my
          home. I could have saved $50,000." Andy 

          Search 2,200 Articles by Category

          • Trending
          • Comments
          • Latest
          Buyer and Seller

          What if a Buyer and Seller Talk to Each Other?

          August 5, 2022
          Prorate Propane

          How to Prorate Propane at Closing

          August 15, 2015
          Terminate a real estate contract

          How to Terminate a Real Estate Contract

          December 31, 2020

          The Sequim Blue Hole – A Map of Rainfall

          September 1, 2019
          print newspapers

          Print Newspapers Losing Readers to the Internet

          42
          Buyer and Seller

          What if a Buyer and Seller Talk to Each Other?

          32
          FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

          FNMA Killing Transactions by Requiring Private Road Maintenance Agreements

          31

          What Documents Does a Buyer Need to Buy Real Estate?

          24
          home title theft

          Is Home Title Fraud Real or is it a Fraud?

          March 27, 2023
          Sequim Real Estate Maps and Docs

          Sequim Real Estate Maps and Documents

          February 6, 2023
          Flat Fee Listing Service

          Sellers Chase the Market Down Once Again (UPDATED)

          March 22, 2023
          Sequim real estate market

          Sequim Real Estate Market: Annual Review for 2022

          February 3, 2023

          Subscribe to Chuck 
          Marunde's Newsletter

          Popular Stories

          • Buyer and Seller

            What if a Buyer and Seller Talk to Each Other?

            0 shares
            Share 0 Tweet 0
          • How to Prorate Propane at Closing

            0 shares
            Share 0 Tweet 0
          • How to Terminate a Real Estate Contract

            0 shares
            Share 0 Tweet 0
          • The Sequim Blue Hole – A Map of Rainfall

            0 shares
            Share 0 Tweet 0
          • Dangers of Buying a Fannie Mae Foreclosure Through Homepath

            0 shares
            Share 0 Tweet 0

          Leaving Comments   I hope you’ll join our community and leave comments from time to time. Please realize that comments, if approved, will be public, so do not use any personal information you don’t want broadcast to the world, and definitely don’t leave a phone number. Comments are not the place to ask Chuck Marunde for help in finding a home. To do that, call or text Chuck.

          Neither Chuck Marunde nor iRealty Virtual Brokers offers legal advice on this site. Please Read Our Legal Disclaimer

          If you’d like to view how we protect your privacy, see our Privacy Policy.

          iRealty Virtual Brokers

          iRealty Virtual Brokers reaches out to buyers around the United States with thousands of online articles, MLS sites, apps, real estate books, videos, and much more specifically to help buyers find all the answers to their questions. We also now offer a flat fee commission listing service that saves sellers tens of thousands of dollars.

          iRealty Virtual Brokers
          125 Olympic Ranch Ln
          Sequim, Washington 98382
          360-775-5424

          Search the entire NWMLS in Washington State:

          Sequim-Homes.com

          The largest independent real estate blog in the State of Washington with over 2,200 articles totally focused on our client’s best interest, their needs and their curiosity. All free and 100% reliable. I’m here if you need me, 

          © 2006-2022 iRealty Virtual Brokers and Chuck Marunde

          No Result
          View All Result
          • Home
          • Search MLS
            • Sequim MLS
            • Sequim MLS Map Search
            • Port Angeles MLS
            • Port Townsend MLS
            • San Juan Islands MLS
            • All Islands MLS
            • How to Search the Sequim MLS
          • Videos
            • Sequim Videos Q&A
            • Buyer Videos Part 1
            • Buyer Videos Part 2
            • Buyer Videos Part 3
            • Buyer Videos Part 4
            • Living in Sequim Video Channel
          • Books
            • Sequim Real Estate for Buyers (Free eBook Updates Forever)
            • Sequim Real Estate: A Buyer’s Guide (Paperback)
            • Escaping California to The San Juan Islands
            • Buying & Selling Real Estate in The Rain Shadow
            • Real Estate From Bricks & Mortar to High Tech Virtuality
            • The Seven Myths of Selling Your Home
            • Buying Your Retirement Home
            • The New World of Marketing for Real Estate Agents
          • Agents
            • Buyers Agent Chuck Marunde
            • Flat Fee Listing Broker
            • Google Profile & Leave Reviews
          • Login
          • Sign Up

          © 2006-2022 iRealty Virtual Brokers and Chuck Marunde

          Welcome Back!

          Login to your account below

          Forgotten Password? Sign Up

          Create New Account!

          Fill the forms bellow to register

          *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
          All fields are required. Log In

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In
          This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.