Real estate property listings can be valuable resources to individuals looking to purchase real estate property in a particular area because even if they do not end up buying one of the real estate properties in those particular real estate property listings the asking price may serve to provide a baseline upon which the home purchaser who is just entering the market can base their own offers on nearby homes.
Athough the real estate property listings can also help individuals who are selling their homes to know what point they should list their own real estate property because they will be able to compare the features and benefits of their property against those with other recently sold real estate properties or real estate properties that are still on the market.
Only rarely do the real estate property listing lead to a direct sale. The question remains then of why these real estate property listings are still published. Part of the reason is because these listings provide a valuable resource to buyer, sellers, and real estate brokers alike.
Besides being useful, however, these listings also provide opportunities for gossip and speculation for other individuals who peruse the publication. These listings may allow individuals to find out information about the real estate properties of their neighbors, which is also one of the understated benefits of open houses.