…that is the question that seems to be recurring these days. With the length of time on the market increasing for many homes, people begin to wonder if open houses really do work.
Let’s look at some of the positives. Holding your home open allows buyers to view your home without making an appointment and in the best light. When your home is being held open, you have advanced knowledge and time to prepare. Therefore, your home should be in the clutter ready and show ready.
Open houses allow your neighbors the opportunity to see your home. While this may not seem like an advantage, it really is. Neighbors want good neighbors. If they know someone that is moving or meet someone that is moving, they will tell them about your home.
If your home does not meet a buyers needs or likes, they may know someone that is looking for a home like yours. Also people that are planning on moving and just looking, may end up buying your home.
An open house is your home’s time to shine. It should be a time to call attention to all the features that make the home unique.
But what are the disadvantages? There are fewer disadvantages to holding your home open. The biggest drawback, I believe, would be holding too many open houses. Your home should not be open once a week. Too many open houses can make you look desperate to sell. The next drawback is you are opening your home to strangers. If you listed with a real estate agent, they probably made you sign a waiver of liability of stolen personal property. While the agent or you will be there, there may be too many people to watch all of them. All your valuables and sentimental objects should be placed somewhere safe and hidden from view. The last drawback for an agent hosted home is what to do with your time.
When it comes down to it, the advantages do outweigh the disadvantages. Also in a slow market, you should use any available means to get your home seen by as many people as possible to increase your chances of getting that sale.