Real estate agents opt to work long Thanksgiving weekend
The holiday weekend is when buyers are likely to have free time — an opportunity that many real estate agents feel is too good to pass up.
Among Thanksgiving weekend open houses, Sotheby's agent Drew Mandile will host one Sunday at this Bel-Air house listed for $3.525 million. (Everett Fenton Gidley / November 8, 2011)
Among those working this Thanksgiving holiday weekend will be some hardy real estate agents.
The struggling economy and uncertainty about jobs have changed the home selling scene, shifting more house hunting to hours and days off. The long weekend is a time when buyers are likely to have free time — an opportunity that agents feel is too good to pass up.
"I'm showing houses at 8 a.m and 6:30 in the evening," said Shelly Palmer, an 11-year agent with Snyder Sutton Real Estate in Topanga. "People have so little time off work that they have to combine everything that they need to get done on holidays."
Historically, holidays or days of major sporting events would be too slow to expect much from an open house, she said, but not anymore. Palmer is planning one Sunday at an ocean view listing in Malibu priced at $1.85 million.
Less than half the usual number of open houses can typically be expected over the Thanksgiving weekend, said Angela Sassounian, marketing director for Prudential California Realty in Glendale for the past decade. If the weather is bad, she said, expect even fewer.
The reasons for the decreased number aren't unexpected — some buyers and sellers will be traveling, and others will be gathering with family for the entire four-day weekend, she said. Agents will be entertaining family as well or don't want to interfere with people's gatherings, she added. "It's not just a one-day holiday anymore."
The agents who will be working expect smaller crowds at holiday weekend open houses.
"We'll see about 40 to 50 clients on a given day — at most 150," said Adam Brett with Re/Max North Orange County. "On holidays, it will be 30 to 40."
But potential buyers looking during holiday weekends are often the most motivated.
"It's like shopping for a car in the rain," said Megan Spargo of Podley Properties in Pasadena, who will be showing buyers properties in the area this weekend.
Darryl Rosen of Shorewood Realtors will spend the weekend after Thanksgiving holding an open house at a home with an ocean view listed at $3.499 million in Manhattan Beach's Hill Section.
"There are people who are seriously looking for homes," Rosen said, "and those are the people who are going to be coming."
The fact that families are together at Thanksgiving makes for an ideal house-hunting scenario, said Drew Mandile of Sotheby's Beverly Hills office.
"Thanksgiving is a festive time, when mom and dad have time off and they can drive around," said Mandile, who is holding an open house Sunday at a Spanish-style home in Bel-Air priced at $3.525 million. "I mean, how much can you eat before you want to take a drive?"
For sellers still occupying their homes, preparing an open house while juggling the demands of a holiday weekend would seem to be an added hassle.
Homeowner Diana Fernandez of Costa Mesa isn't concerned.
"I'm already up for it. I took care of all the little details when the house was listed," said Fernandez, whose about 1,750-square-foot custom home priced at $585,000 will be open to the public Sunday afternoon.
She is already prepared for showings on little notice. "When somebody comes to see it, I don't have to do much."
It has become somewhat of a family joke that if Todd Hays of Podley Properties tries to go to Michigan to visit his parents at Thanksgiving he'll end up selling a house.
Real estate agents opt to work long Thanksgiving weekend and I am one of them. I am so busy this week, listing appointments, buyer showings etc... as far as I am concerned most agents stop working between Thanksgiving and January 15th. I know that if any buyer or seller wants to do something now they are serious otherwise why would they bother. That is why I usually sell 3-5 homes during the month of December.
Los Angeles, Platinum Triangle, Beverly Hills, Real Estate, 90210, Bel Air, Holmby Hills, Sunset Strip, Hollywood Hills, Luxury Estates, Mansions, Celebrity Homes, Homes For Sale, Listings, Realtor, Real Estate For sale, Luxury Homes, Los Angeles Realtor, Bel Air Real Estate, Christophe Choo, http://www.ChristopheChoo.com