I think they are a waste of time for actually finding a buyer for that house, but great for the agent drumming up business, and if you are a branded fix and flip company to generate brand/market exposure that you really do buy houses and fix them up nice.All that said, I happened to sell that house on my first, and only open house to a couple who were just starting to look in the area, but had an agent.  

I keep most of my deals and drum up most of my own leads.

Not a good way to drum up support if you ask me.   

We are still drumming up new projects each year for our home, but now want to use our skills to invest in small multi and single family buy and hold properties in our area.

I will buy each of the children a drum kit when they move in". 

People truly dance to the beat of their own drum, and sometimes, having properties fall into disrepair all the while telling themselves they have a plan for the property, is a popular tune.

So we have an incentive to be lazy and tell you to refinance every time rates drop by 1/8 to 1/4, rather than drum up home-buyer business, because we already have all your paperwork and in terms of production per hour spent it'll be super easy for us.

If you cut ties every time your offer is used to drum up other offers, you are going to be looking for a property for years.

by not having to advertise, not having down time, not having to give bids that don't result in work, etc.Many contractors would rather work 300 days/year at a lower rate than 180 days/year at a higher rate (plus have all the headaches of having to drum up business). 

Hope this tool can help others get more exposure and drum up that Pre-sale Interest!