Are Open Houses Good or Bad?

Mortgage News Daily looks at the pros and cons and concludes that the jury is still out:

For the seller: Many buyers rely on the Internet and open houses in their home search. Many "free-lance buyers" (those who don't use Realtors) are newer Americans who don't quite understand (and are thus afraid of) the process or younger/tech-savvy individuals who really want to do it themselves. If you don't host an open house, these buyers may never see your property.

For real estate professionals: Sunday is prime-time for selling real estate and listing agents prefer to spend that time working with their own buyers. Even so, open houses can be an excellent way for Realtors to connect with potential new customers.