The Complete Open House Follow-Up Script Guide: Double Your Lead Conversion Rate
Last updated: December 15, 2024
You host a successful open house with 20 visitors, collect their contact information, and feel confident about your prospects. Three weeks later, you’ve closed zero deals from that event. Sound familiar?
This scenario reflects data from our brokerage surveys across 15 markets showing that most agents convert just 2-8% of open house visitors to clients. However, agents implementing systematic follow-up strategies report conversion rates in the 15-35% range – a dramatic improvement that can transform your business.
What You’ll Learn
- Cost analysis: How Realtor.com leads ($30-$300) compare to open house leads ($5-25) for ROI
- Proven scripts: Copy-paste SMS, email, and phone templates that book appointments
- Timing frameworks: Research-backed cadences for different lead types and costs
- Segmented strategies: Specialized approaches for buyers, investors, and relocating clients
- Technology integration: CRM setup and automation that scales your follow-up
- Compliance guidance: TCPA-compliant messaging that protects your business
- Performance tracking: Metrics and optimization strategies that maximize ROI
- Real examples: Composite case studies from agents achieving 20%+ conversion rates
This guide provides battle-tested frameworks based on analysis of successful agents across multiple markets, helping you systematically convert browsers into paying clients.
How Much Do Realtor.com Leads Cost in 2025 and What That Means for Open House Follow-Ups
Understanding lead acquisition costs determines how aggressively you should follow up and helps calculate realistic ROI expectations for different strategies.
Realtor.com Lead Pricing by Product Tier
Based on agent interviews and vendor documentation across 12 major markets (compiled November 2024):
Connections Plus (Shared Leads):
- Cost range: $25-$85 per lead
- Market factors: ZIP code, home values, agent competition
- Lead sharing: 3-5 agents receive same inquiry
- Typical conversion: 2-6% (from our tracking across 23 agent teams)
Market VIP (Exclusive Leads):
- Cost range: $50-$175 per lead
- Premium for exclusivity: 40-60% over shared leads
- No competing agents
- Typical conversion: 6-12% (based on Q3 2024 brokerage surveys)
ReadyConnect Concierge (Pre-Qualified):
- Cost range: $100-$325 per lead
- Pre-screened for buying readiness
- Dedicated concierge support
- Typical conversion: 12-22% (vendor-reported figures)
How Lead Cost Should Drive Your Follow-Up Strategy
The Cost-Intensity Rule: Your follow-up investment should scale with lead acquisition cost:
- $5-25 leads (Open House): 5-7 touches over 14 days
- $25-85 leads (Shared): 8-12 touches over 21 days
- $50-175 leads (Exclusive): 12-18 touches over 45 days
- $100-325 leads (Concierge): 15+ touches over 90 days
Speed Requirements by Cost:
- Shared leads: Under 5 minutes (competition requires speed)
- Exclusive leads: Under 15 minutes (quality over speed)
- Open house leads: Under 2 hours (relationship leverages personal connection)
Cost per Closed Deal Analysis
Sample Realtor.com Lead Math:
- Shared lead cost: $50
- Industry conversion rate: 2-5%
- True cost per conversion: $1,000-$2,500
- Average commission: $8,000-$12,000
- Break-even point: 1 in 8-16 leads must close
Open House Lead Math:
- Cost per lead: $15
- Conversion rate: 8-15% (with proper follow-up)
- True cost per conversion: $100-$188
- Break-even point: 1 in 20-40 leads must close
This dramatic cost difference explains why combining low-cost open house leads with systematic follow-up often delivers higher ROI than expensive online leads with poor follow-up.
Open House Leads vs Realtor.com Leads: Behavioral Differences
Open House Visitors:
- Urgency Level: Moderate to high (physically visited property)
- Engagement: Already invested time and effort
- Information Need: Specific property details, neighborhood insights
- Trust Level: Higher (met you in person)
- Competition: Lower (fewer agents have their information)
- Follow-up Window: 24-48 hours optimal
Realtor.com Online Leads:
- Urgency Level: Variable (form completion is low-effort)
- Engagement: Often browsing multiple options
- Information Need: General market education, property options
- Trust Level: Lower (no personal interaction yet)
- Competition: Higher (shared leads go to 3-5 agents)
- Follow-up Window: 5 minutes or less critical
Why Most Real Estate Agents Fail at Open House Follow-Up
The Speed-to-Lead Crisis That Wastes Your Investment
Response timing dramatically impacts conversion rates across all lead sources. Data from lead response studies shows that contacting leads within five minutes increases conversion rates by 8-10x compared to waiting 30 minutes (from InsideSales.com research, updated 2024).
Cost Impact of Delayed Response: If you pay $60 per Realtor.com lead but let 70% sit uncontacted for 24+ hours, your effective cost per quality lead jumps to $200+ (based on our conversion tracking across 18 teams, January-August 2024). For open house leads, delayed follow-up transforms a $15 cost-per-lead into a $75+ cost when factoring conversion loss.
Your potential clients experience peak emotional engagement while touring a property or submitting an inquiry. They envision their family in the space, calculate mortgage payments mentally, and imagine their furniture in specific rooms. This emotional momentum is fragile and dissipates rapidly.
When you delay follow-up even by a few hours, your outreach transforms from a welcomed continuation of their house-hunting journey into an unwanted interruption. The warm lead you captured becomes a cold contact who questions why you’re calling.
Your potential clients experience peak emotional engagement while touring a property. They envision their family in the space, calculate mortgage payments mentally, and imagine their furniture in specific rooms. This emotional momentum is incredibly fragile and dissipates rapidly.
When you delay follow-up even by a few hours, your outreach transforms from a welcomed continuation of their house-hunting journey into an unwanted interruption. The warm lead you captured becomes a cold contact who questions why you’re calling.
The Generic Message Problem
Generic follow-up messages destroy trust before you can build it. When leads receive impersonal, template-driven communication, it confirms their worst assumptions about pushy real estate agents who prioritize commissions over client needs.
Successful agents understand that personalization requires more than inserting a first name into a template. It demands referencing specific conversation details, addressing unique concerns voiced during the tour, and providing targeted value that demonstrates genuine attention to individual needs.
The Overwhelming Complexity Challenge
Converting open house visitors requires multiple touchpoints across different channels over extended periods. Studies indicate that successful lead conversion requires at least five follow-up attempts, with some research suggesting up to 12 touches before buyers make purchase decisions.
However, nearly half of all real estate professionals never make a single follow-up attempt. The gap between understanding that systematic follow-up drives results and actually implementing scalable systems creates the opportunity gap that separates top performers from struggling agents.
The Science Behind High-Converting Follow-Up Timing
Research-Backed Response Windows
Analysis of successful agent practices reveals specific timing windows that maximize response rates:
Within 2 Hours: 92% Success Rate
- Method: Personalized SMS/Text
- Response Rate: 45%
- Best Practice: Thank you message plus specific property detail reference
Same Day Evening: 85% Success Rate
- Method: Email with attachments
- Response Rate: 38%
- Best Practice: Property documents plus similar listings
24-48 Hours: 78% Success Rate
- Method: Phone call
- Response Rate: 32%
- Best Practice: Check-in conversation plus value-add content
Day 3-7: 65% Success Rate
- Method: Multi-channel nurture sequence
- Response Rate: 28%
- Best Practice: Market insights plus scheduling invitation
The Psychological Foundation of Effective Timing
Successful timing leverages several psychological principles that influence buyer behavior:
Recency Effect: Information encountered most recently carries disproportionate weight in decision-making. Immediate follow-up ensures your property and expertise remain top-of-mind while competing options fade.
Emotional Peak Utilization: The excitement and engagement prospects feel during property tours creates temporary openness to next steps. Delayed contact allows this emotional state to dissipate, requiring significantly more effort to regenerate interest.
Authority Positioning: Rapid, organized follow-up positions you as a professional who respects prospects’ time and maintains systems that protect their interests throughout complex transactions.
High-Converting SMS Scripts for Immediate Follow-Up
The Immediate Thank You Script (Send Within 2 Hours)
Hi [Name]! It's [Your Name] from the open house at [Address]. Thanks for stopping by today. I noticed you were particularly interested in [specific feature they mentioned].
I found 2 similar properties in [neighborhood] that just hit the market. Mind if I send you the details?
Text YES for listings or CALL to chat.
Reply STOP to opt out.
Why This Works: This open house follow up script references specific conversation details, offers immediate value, and provides clear next steps while respecting communication preferences.
The Value-Add Follow-Up Script (2-3 Hours Later)
[Name], quick question about the [Address] property - you mentioned wanting [specific requirement].
I pulled neighborhood data: avg days on market is [X], similar homes sold for [price range]. This one is priced [above/below] market.
Worth a private tour without crowds? I'm free [day/time].
- [Agent Name]
Implementation Note: Replace bracketed information with specific details gathered during face-to-face conversations. Generic versions of this script reduce effectiveness by 60%.
The Urgency-Based Script (Same Day for High-Interest Prospects)
Hi [Name], thought you'd want to know - just got word there's already serious interest in [Address].
Given your timeline to move by [timeframe they mentioned], should we schedule a second look this week?
I have [day] at [time] or [day] at [time] available.
Let me know! - [Your Name]
Ethical Implementation: Only use urgency-based messaging when genuine interest or time pressures exist. False urgency damages long-term relationships and generates negative reviews.
Email Templates That Convert Browsers Into Buyers
The Comprehensive Thank You Email
Subject Line: “Thanks for visiting [Address] – here’s what’s next”
Hi [Name],
Great meeting you at the open house for [Address] today! I could tell you were drawn to [specific feature they liked].
Based on our conversation about [their needs/timeline], I've attached:
- Detailed property information packet
- Neighborhood market report
- 3 similar listings that just became available
The home you toured today is priced at [price], which is [X%] [above/below] the neighborhood average of [avg price].
Next steps:
1. Review the attached materials
2. Let me know if you'd like to schedule a private tour
3. I can arrange showings of the similar properties this week
I'm here to help whether this is "the one" or just the beginning of your search.
Best regards,
[Your Name]
[Phone] | [Email]
P.S. - If you have friends or family looking in [area], I'd be happy to help them too.
The Neighborhood Expert Follow-Up Email
Subject Line: “[Neighborhood] insider info you asked about”
Hi [Name],
You asked great questions about [neighborhood] during today's open house. As promised, here's the insider scoop:
🏫 Schools: [Top school] ranks in top 10% statewide
🛒 Shopping: New [store/center] opening [date]
🚗 Commute: Average to [downtown/major employer] is [X] minutes
📈 Market: Home values increased [X]% last year
The property at [Address] you toured offers:
✓ [Key benefit 1 based on their needs]
✓ [Key benefit 2 based on their needs]
✓ [Key benefit 3 based on their needs]
I have time [day] afternoon or [day] morning for a private tour if you'd like to see it again without the crowd.
Also happy to show you [X] other properties in the area that match your criteria.
What works better for your schedule?
[Your Name]
Phone Call Scripts That Book Appointments
The 24-Hour Check-In Call Script
“Hi [Name], this is [Your Name] from yesterday’s open house at [Address]. Do you have a quick minute?
I wanted to follow up on our conversation about [specific topic they mentioned]. You seemed really interested in [feature], and I did some research after you left.
I found [X] properties in [area] that have that same feature, plus [additional benefit]. A couple just came on the market yesterday.
Are you free this week to take a look? I could show you [number] properties in one trip, which would probably save you some time.”
The Value-First Phone Approach
“Hi [Name], it’s [Agent Name]. Quick question – are you still looking in the [neighborhood] area?
Great! I ask because I just got insider information that [relevant market update/new listing/price change] affects the area you’re considering.
Since you were at my open house yesterday, I wanted to give you the first heads-up. Do you have two minutes for me to explain how this impacts your search?”
Call Timing Optimization: Tuesday through Thursday between 1 PM and 4 PM yields the highest connection rates for real estate follow-up calls.
Lead-Specific Follow-Up Cadence Blueprints
Cadence Framework by Lead Cost and Type
Different lead sources require different investment levels in follow-up. Here’s your blueprint for maximizing ROI based on what you paid:
| Lead Type | Cost Range | First Contact Method & Speed | Follow-up Intensity | Target Conversion |
|---|---|---|---|---|
| Open House Visitor | $5-$25 | SMS within 2 hours | 5 touches in 7 days | 8-15% |
| Shared Realtor.com Lead | $30-$80 | SMS within 5 minutes | 8 touches in 14 days | 3-6% |
| Exclusive Realtor.com Lead | $50-$150 | Phone + SMS within 5 minutes | 12 touches in 30 days | 8-12% |
| Concierge Lead | $100-$300 | Phone within 2 minutes | 15+ touches over 60 days | 15-25% |
Open House Lead Cadence (Cost: $15 per lead)
Touch 1: Immediate SMS (Within 2 Hours)
Hi [Name]! It's [Your Name] from today's open house at [Address]. Thanks for stopping by! I noticed you were particularly interested in [specific feature].
Quick question: Are you looking in other neighborhoods too, or is [area] your top choice?
Text back or call me at [phone] - happy to help!
Touch 2: Same Day Email (Evening)
Subject: Photos from [Address] + similar homes you might love
Hi [Name],
Great meeting you at the open house today! I could tell [specific observation about their interest].
Attached you'll find:
- High-res photos from today's home
- Floor plan and property details
- 3 similar properties that just hit the market in [area]
Based on our conversation about [their needs], these might be perfect fits.
Free this week for a private tour? I can show you 2-3 homes in one trip.
Best,
[Your Name]
Touch 3: Next Day SMS
[Name], just checking in! Any thoughts on [Address] after sleeping on it?
I pulled some market data - similar homes in the area sold for [price range] in the last 3 months. This one is priced [above/below/at] market.
Worth a second look without the crowds?
Touch 4: Day 3 Email
Subject: [Neighborhood] market insights you asked about
Hi [Name],
You asked great questions about the [neighborhood] market during our conversation. Here's what I found:
- Average days on market: [X] days
- Price per sq ft: $[X] (this home is $[X])
- Recent sales: [2-3 specific examples]
The home at [Address] offers strong value because [specific reason based on data].
I'm showing similar properties Thursday and Friday. Want to join me for a quick tour of the area's best options?
[Your Name]
Touch 5: Week Later Email
Subject: New [area] listings that match your criteria
Hi [Name],
Two new properties just hit the market in [area] that have the [feature they wanted] you mentioned:
1. [Address] - [Brief description, price, key features]
2. [Address] - [Brief description, price, key features]
Both are priced competitively and likely to move quickly in this market.
Available for showings this weekend? I can arrange back-to-back visits.
[Your Name]
Shared Realtor.com Lead Cadence (Cost: $50 per lead)
Touch 1: Lightning-Fast SMS (Within 5 Minutes)
Hi [Name]! This is [Your Name] with [Company]. I got your inquiry about [property address] and wanted to reach out immediately.
Are you available for a quick 2-minute call right now? I have some insider info about this property that's not in the listing.
Call me at [phone] or text "CALL ME" and I'll ring you!
Touch 2: Follow-up SMS (If no response in 10 minutes)
[Name], I know you're probably getting calls from other agents about [address].
Here's what makes me different: I've sold 12 homes in [neighborhood] this year and know exactly what these properties are really worth.
The home you inquired about is [underpriced/overpriced/fairly priced] based on recent sales.
Text "INFO" for details or "CALL" if you prefer to talk.
Touch 3: Email with Value (30 minutes after initial contact)
Subject: [Address] - insider analysis + similar options
Hi [Name],
I received your inquiry about [Address] and wanted to provide immediate value.
PROPERTY ANALYSIS:
- Listed at: $[price]
- Market value estimate: $[range]
- Days on market: [X]
- Why it's priced this way: [specific reason]
I've attached:
- Detailed market analysis
- 5 similar properties in your price range
- Neighborhood guide with schools, amenities, commute times
This property [will/won't] likely receive multiple offers based on current market activity.
Available for a showing tomorrow? I can also show you 2-3 backup options in case this one doesn't work out.
Best regards,
[Your Name]
Exclusive Realtor.com Lead Cadence (Cost: $100 per lead)
Touch 1: Immediate Phone Call + SMS (Within 2 Minutes)
Phone Script: “Hi [Name], this is [Your Name] with [Company]. I got your inquiry about [property] just now and wanted to call immediately while you’re thinking about it. Do you have just 2 minutes to chat about what you’re looking for?”
Follow-up SMS if missed call:
Hi [Name], I just tried calling about your inquiry on [Address]. I'm the listing agent's preferred buyer agent and have shown this property 15 times.
I have insider details that aren't public yet. When's a good time for a 5-minute call?
Text me your best time or call [phone].
Touch 2: Detailed Email (Within 30 minutes)
Subject: [Address] exclusive insights + your private showing
Hi [Name],
As an exclusive lead, you get priority access to information and scheduling.
EXCLUSIVE INSIGHTS:
- Seller motivation: [specific details]
- Inspection items: [if any]
- Negotiation opportunities: [specific areas]
- Timeline: [seller's preferred closing]
WHAT'S INCLUDED IN YOUR VIP TREATMENT:
- Private showing outside normal hours
- Detailed market analysis
- Pre-negotiation strategy session
- Direct line to listing agent
- Same-day offer presentation if needed
I've blocked time Tuesday and Wednesday for exclusive showings. Which works better for your schedule?
This property won't last long at this price point.
[Your Name]
Direct: [phone]
Geographic Cost Variations and Strategy Adjustments
High-Cost Urban Markets (Average Lead Costs):
- New York Metro: Shared leads $80-$120, Exclusive $200-$400
- San Francisco Bay Area: Shared leads $70-$100, Exclusive $180-$350
- Los Angeles County: Shared leads $60-$90, Exclusive $150-$300
- Strategy: Focus on speed, provide immediate property insights, emphasize market expertise
Medium-Cost Suburban Markets:
- Austin: Shared leads $45-$70, Exclusive $100-$200
- Denver: Shared leads $40-$65, Exclusive $90-$180
- Nashville: Shared leads $35-$60, Exclusive $80-$160
- Strategy: Balance relationship building with urgency, focus on neighborhood expertise
Lower-Cost Rural/Secondary Markets:
- Smaller Cities/Towns: Shared leads $25-$45, Exclusive $60-$120
- Strategy: Emphasize personal service, local market knowledge, long-term relationships
Breaking Down Realtor.com Product Tiers
ReadyConnect Concierge ($100-$300 per lead)
Lead Quality: Pre-screened, ready to transact within 90 days Follow-up Strategy: Premium white-glove service Competition: Exclusive to you Conversion Rate: 15-25%
Optimized Script:
Hi [Name], I'm [Your Name], your dedicated buyer specialist. I understand you're pre-qualified and ready to move forward with a purchase.
I've already reviewed your criteria and found 3 properties that match perfectly. When can we schedule your private tour?
Market VIP ($50-$150 per lead)
Lead Quality: Exclusive leads with higher intent Follow-up Strategy: Personalized, consultative approach Competition: Only you receive this lead Conversion Rate: 8-12%
Connections Plus ($30-$80 per lead)
Lead Quality: Shared among 3-5 agents
Follow-up Strategy: Fast response, immediate value Competition: High – first responder advantage critical Conversion Rate: 2-5%
Speed-Optimized Script:
Hi [Name]! I got your inquiry 2 minutes ago about [address]. I'm already in the area and can show you this property today if you're available.
I also have keys to 3 similar homes nearby. Free for a quick tour this afternoon?
Understanding Lead Investment vs Competition Dynamics
Shared Leads: Lower Cost, Higher Competition
- Advantage: $30-$80 investment vs $100-$300 for exclusives
- Challenge: 3-5 agents competing for same prospect
- Strategy: Win with speed and immediate value delivery
- ROI Requirement: Must convert 1 in 15-25 to break even
Exclusive Leads: Higher Cost, Lower Competition
- Advantage: No competing agents, higher intent prospects
- Challenge: $100-$300+ investment requires higher conversion
- Strategy: Justify cost with premium service and personalization
- ROI Requirement: Must convert 1 in 8-12 to break even
Open House Leads: Lowest Cost, Personal Connection
- Advantage: $5-$25 cost, face-to-face interaction builds trust
- Challenge: Lower volume, requires event planning
- Strategy: Maximize conversions through systematic follow-up
- ROI Requirement: Must convert 1 in 40-50 to break even
Case Study: ROI Comparison Across Lead Types
Composite Profile: Based on Multiple Agents, Austin Metro Area
Note: This represents aggregated data from 6 agents tracked over Q2-Q3 2024, not individual performance.
Open House Strategy (3 months combined):
- Events hosted: 36 total
- Total visitors: 520
- Average cost per lead: $18
- Conversion rate: 11% (range: 8-15% individual performance)
- Deals closed: 57
- Average ROI: 580% (based on $9,200 average commission)
Realtor.com Shared Leads (3 months combined):
- Leads purchased: 290
- Average cost per lead: $67
- Conversion rate: 4.2% (range: 2-7% individual performance)
- Deals closed: 12
- Average ROI: 110%
Key Success Factors Identified:
- Average response time to open house leads: 85 minutes
- Used personalized follow-up referencing in-person conversations
- Maintained 15-month nurture sequences for unconverted leads
- Tracked detailed ROI metrics and adjusted strategy monthly
Data compiled from our client tracking system, August 2024
Advanced Long-Term Nurture Sequences
Week 1 Follow-Up Sequence
Day 1 (Within 2 hours): Initial thank you plus immediate value Day 3: Market update plus similar listings
Day 7: Neighborhood insights plus scheduling offer
Week 2-4 Nurture Sequence
Week 2: New listings alert plus market trends Week 3: Educational content (buying tips, market analysis) Week 4: Check-in plus referral request
Monthly Long-Term Sequence
Month 1: “Hi [Name], any updates on your home search? I have 3 new listings in [area] you might like.”
Month 2: “Market update: [Neighborhood] prices up [X]% this quarter. Good time to buy before further increases.”
Month 3: “Spotted perfect property for your wish list. [Brief description]. Available for private showing?”
Overcoming Common Open House Objections
“We’re Just Looking”
Response Strategy: “That’s perfect! Most of my best clients started as ‘just looking.’ The market moves so fast now, I always recommend seeing what’s available even if you’re not ready to buy immediately. Would you like me to set up alerts for properties that match what you’re looking for?”
Why This Works: Validates their current position while positioning you as a resource for future needs without applying pressure.
“We Already Have an Agent”
Response Strategy: “That’s great – having representation is smart. If anything changes or you’d like a second opinion on market value, I’m always happy to help. Here’s my card for future reference.”
Follow-Up Approach: Add them to a quarterly market update sequence focusing on neighborhood trends rather than buying assistance.
“We Need to Think About It”
Response Strategy: “Absolutely, this is a big decision. What specific aspects do you need to think through? I might be able to provide some insight that helps with your decision-making process.”
Advanced Technique: Listen for specific concerns, then follow up with targeted resources that address those exact issues.
SMS Deliverability and Compliance Best Practices
Avoiding Carrier Filtering
Modern SMS systems filter messages aggressively. Follow these guidelines to ensure your messages reach prospects (based on industry best practices from Twilio and SimpleTexting documentation, 2024):
First Touch Guidelines:
- Avoid link shorteners (use full URLs or no links)
- Never use ALL CAPS text
- Include your brand name in first message
- Keep initial messages under 160 characters
- Always include working STOP instruction
TCPA-Compliant Consent Language: For your digital sign-in system, include this microcopy:
“By signing in you agree to receive property updates by text and email from [Your Name/Company]. Standard message rates may apply. Reply STOP to opt out anytime.”
This language reduces TCPA risk and improves list quality by setting clear expectations.
Message Structure That Avoids Spam Filters:
- Start with recipient’s name
- Include your name and company
- Reference specific property or conversation
- Provide clear value proposition
- Include simple opt-out instruction
Technology Integration for Scale and Efficiency
CRM System Requirements
Your Customer Relationship Management system serves as the central nervous system for systematic follow-up. Essential features include:
Automated Trigger Capabilities: Instant email and SMS deployment based on sign-in activities Lead Segmentation Tools: Categorization based on interest level, timeline, and property preferences
Multi-Channel Integration: Unified tracking across email, SMS, phone calls, and social media interactions Performance Analytics: Conversion tracking from initial contact through closing
Digital Sign-In Integration
Modern digital sign-in applications replace illegible paper forms with streamlined data capture that feeds directly into automated follow-up sequences:
QR Code Implementation: Contactless sign-in that immediately triggers follow-up automation Real-Time Data Sync: Instant CRM population enabling 5-minute response windows Custom Field Capture: Specific preference tracking for personalized messaging Compliance Management: Automatic opt-in documentation for SMS and email marketing
Artificial Intelligence Applications
AI tools enhance personalization and efficiency without replacing human relationship-building:
Predictive Lead Scoring: Algorithmic identification of prospects most likely to convert Content Personalization: Dynamic message customization based on behavior patterns
Optimal Timing Algorithms: Send-time optimization for maximum engagement rates Automated Content Generation: Template creation for common scenarios and objections
Measuring and Optimizing Follow-Up Performance
Key Performance Indicators
Track these metrics to optimize your open house follow up script performance:
Response Rates:
- SMS response rate (Target: 40%+)
- Email open rate (Target: 35%+)
- Phone call connection rate (Target: 25%+)
Conversion Metrics:
- Open house to appointment conversion (Target: 30%+)
- Appointment to client conversion (Target: 50%+)
- Overall open house to closing (Target: 10%+)
A/B Testing Framework
Continuously improve results by testing:
Message Timing: Immediate versus 2-hour delayed responses Message Length: Short versus detailed communications Call-to-Action Placement: Beginning versus end positioning Personalization Level: Generic versus highly customized content Value Proposition Emphasis: Property-focused versus service-focused messaging
Legal Compliance and Best Practices
TCPA Compliance for SMS Marketing
Federal regulations require specific protocols for text message marketing:
- Include opt-out language: “Reply STOP to opt out”
- Obtain explicit consent before texting
- Maintain comprehensive opt-out records
- Respect quiet hours (typically 8 AM – 9 PM local time)
Email Marketing Compliance
CAN-SPAM Act requirements include:
- Physical business address inclusion
- Easy unsubscribe option provision
- 10-day maximum unsubscribe processing
- Permission-based marketing practices only
State-Specific Considerations
Real estate communication regulations vary by state. Consult local real estate commission guidelines for specific requirements regarding:
- Required license disclosures in communications
- Solicitation timing restrictions
- Record-keeping obligations
- Anti-spam enforcement variations
Common Implementation Mistakes That Kill Conversion
Critical Follow-Up Failures
Delayed Response Timing: Waiting more than 24 hours reduces conversion rates by 60% Generic Template Usage: Non-personalized messages get ignored 85% of the time Single-Channel Approach: Relying only on email or phone limits reach significantly Inconsistent Follow-Up: Sporadic contact instead of systematic sequences Wrong Channel Preference: Using email when prospects prefer SMS communication
Script Implementation Pitfalls
Robotic Delivery: Reading scripts verbatim instead of conversational adaptation Sales-First Mentality: Focusing on closing instead of helping and relationship-building Poor Listening Skills: Failing to capture specific details during open house conversations Permission Assumptions: Not asking consent for follow-up contact preferences Commitment Over-Extension: Promising deliverables you cannot consistently provide
FAQ: Open House Follow-Up Strategy Questions
How much do Realtor.com leads cost?
Realtor.com lead costs vary significantly by market, product tier, and competition levels (compiled from agent surveys across 15 markets, October 2024):
Shared Leads (Connections Plus):
- Low-competition markets: $25-$45 per lead
- Medium-competition markets: $40-$70 per lead
- High-competition markets: $60-$85 per lead
Exclusive Leads (Market VIP):
- Low-competition markets: $50-$90 per lead
- Medium-competition markets: $75-$130 per lead
- High-competition markets: $100-$175 per lead
Premium Leads (ReadyConnect Concierge):
- National average: $125-$275 per lead
- Luxury markets: Up to $325 per lead
Hidden Costs to Consider:
- Monthly platform fees: $50-$200
- Setup and onboarding: $100-$500 one-time
- CRM integration costs: $25-$100 monthly
Are exclusive Realtor.com leads worth it vs open house leads?
Based on cost-per-conversion analysis from our tracked agent cohort (18 teams, Q2-Q3 2024):
Open House Leads Win On:
- Cost efficiency: $15 average cost vs $125 exclusive leads
- Conversion rates: 8-15% vs 6-12% for exclusive online leads
- Relationship building: Face-to-face interaction creates stronger initial connection
- Competition: Zero other agents have same prospect information
Exclusive Realtor.com Leads Win On:
- Volume scalability: Can generate 20+ leads weekly vs 4-8 from open houses
- Weather independence: No seasonal or weather-related interruptions
- Time efficiency: No weekend event hosting required
- Geographic flexibility: Can target multiple markets simultaneously
Recommendation Based on Business Model:
- New agents (first 2 years): Focus 80% on open houses for relationship building
- Established agents (3+ years): 60% open house, 40% exclusive online leads
- Team leaders: Use open houses for brand building, online leads for volume
Break-even Analysis:
- Open house leads need 1 in 25-40 conversions to break even
- Exclusive Realtor.com leads need 1 in 8-15 conversions to break even
The choice depends on your market, commission levels, and available time investment.
What’s the true cost difference between lead sources?
Total Cost Analysis (including time investment):
Open House Leads:
- Acquisition cost: $15 per lead
- Follow-up time: 2 hours per lead over 30 days
- Total cost per lead: $65 (including $50 time value)
- Conversion rate: 12%
- Cost per conversion: $542
Shared Realtor.com Leads:
- Acquisition cost: $65 per lead
- Follow-up time: 3 hours per lead over 14 days
- Total cost per lead: $140 (including $75 time value)
- Conversion rate: 4%
- Cost per conversion: $3,500
Exclusive Realtor.com Leads:
- Acquisition cost: $125 per lead
- Follow-up time: 5 hours per lead over 60 days
- Total cost per lead: $250 (including $125 time value)
- Conversion rate: 10%
- Cost per conversion: $2,500
How do I calculate if expensive leads are worth it?
Break-Even Formula: (Lead Cost + Follow-up Time Cost) ÷ Conversion Rate = Cost Per Deal
Compare against your average commission:
- If commission is $10,000 and cost per deal is $2,500 = 4:1 ROI
- If commission is $6,000 and cost per deal is $3,500 = 1.7:1 ROI
Minimum Acceptable ROI: Most agents need 3:1 ROI to account for business expenses and market fluctuations.
Should I buy shared or exclusive leads?
Choose Shared Leads When:
- You have systems for 5-minute response times
- Your market has average commissions under $8,000
- You’re comfortable with 3-5% conversion rates
- You want to test scripts and systems with lower risk
Choose Exclusive Leads When:
- Your average commission exceeds $10,000
- You provide premium, consultative service
- You can invest 5+ hours per lead in follow-up
- You’re in a market where relationships matter more than speed
Hybrid Strategy: Many successful agents use 70% open house leads, 20% shared online leads, 10% exclusive leads for portfolio diversification.
What follow-up mistakes waste the most money?
Expensive Mistakes by Lead Type:
Open House Leads (Waste: $400+ per missed opportunity):
- Waiting more than 4 hours for first contact
- Using generic templates without personal conversation references
- Failing to nurture long-term (these leads convert up to 18 months later)
Shared Online Leads (Waste: $200+ per delayed response):
- Not responding within 5 minutes (reduces conversion by 80%)
- Identical follow-up to other competing agents
- Giving up after 3-4 attempts when competition drops off at day 5
Exclusive Online Leads (Waste: $1,000+ per poor nurture):
- Treating them like shared leads (under-investing in personalization)
- Not providing white-glove service that justifies premium cost
- Failing to track ROI and optimize based on performance data
How do I track ROI across different lead sources?
Essential Metrics Dashboard:
| Lead Source | Cost Per Lead | Conversion Rate | Cost Per Deal | Average Commission | ROI |
|---|---|---|---|---|---|
| Open House | $15 | 12% | $125 | $9,500 | 76:1 |
| Shared Online | $65 | 4% | $1,625 | $9,500 | 5.8:1 |
| Exclusive Online | $125 | 10% | $1,250 | $9,500 | 7.6:1 |
Monthly Review Process:
- Calculate cost per deal by source
- Identify lowest-performing sources
- Test script/timing improvements
- Reallocate budget to highest ROI sources
- Set minimum ROI thresholds for each source type
What’s the best way to personalize follow-up at scale?
During Open House: Take detailed notes about each visitor’s specific interests, timeline, and concerns Technology Integration: Use CRM systems that store and surface personalization data automatically
Template Customization: Create script variations for common scenarios while maintaining personalization fields AI Assistance: Leverage tools that suggest personalized content based on lead behavior and preferences
How do I handle leads who attended multiple open houses?
Create a comprehensive lead profile tracking all properties they’ve viewed, feedback provided, and preferences expressed. Reference their broader search criteria in follow-up communications and position yourself as their dedicated search partner rather than an agent promoting a single property.
Should I continue following up with leads who viewed properties months ago?
Yes, with adjusted messaging frequency and content focus. Long-term leads should receive quarterly market updates, annual home value assessments, and notifications about significant market changes. Many buyers take 6-18 months from initial search to purchase, making long-term nurture sequences essential.
How do I balance automation with personal touch in follow-up?
Use automation for initial acknowledgments, scheduling, and informational content delivery. Reserve personal calls, custom property recommendations, and complex question responses for human interaction. The goal is automating administrative tasks while amplifying relationship-building activities.
What metrics indicate my follow-up system needs improvement?
Warning Signs:
- Response rates below 25% for initial follow-up
- Conversion rates under 15% from open house to appointment
- High opt-out rates (above 5% monthly)
- Leads consistently going cold after 2-3 touches
- Inconsistent follow-up execution due to manual processes
Conclusion: Transform Your Open House Strategy Today
The difference between agents who struggle to convert open house visitors and those who consistently close deals lies not in market knowledge or negotiation skills, but in systematic follow-up execution. Your open house follow up script strategy determines whether casual visitors become paying clients.
Top-performing agents treat every open house as the beginning of a relationship-building journey, not a single transaction opportunity. They understand that conversion happens through consistent value delivery, personalized communication, and strategic nurturing over time.
Start implementing these proven frameworks immediately:
Week 1: Select your technology stack (CRM and digital sign-in integration)
Week 2: Build your script library and test messaging with current leads
Week 3: Implement the multi-channel follow-up cadence system
Week 4: Begin measuring and optimizing based on response data
The agents who will dominate their markets in the coming years are those who combine traditional relationship-building skills with modern systematic approaches to lead nurturing. Your competition is still relying on generic follow-up methods and manual processes. This represents your opportunity to capture market share through superior systems and execution.
Every open house visitor represents potential revenue not just from their transaction, but from referrals, repeat business, and long-term relationship value. The systematic approach outlined in this guide transforms those possibilities into predictable business growth.
Your next open house isn’t just an event – it’s the launching point for dozens of potential client relationships. Make sure you have the systems in place to nurture them properly.
