When launching a new property onto the market, an open house is usually standard procedure.
An open house invites people to tour a home that is for sale. A listing real estate agent often schedules two different types of open houses: a “broker only” open house to other agents, during the day on a weekday, and an open house that’s open to the public, typically on a Sunday. Usually, an open house lasts about 1.5 hours with the goal of attracting a buyer who is out and about looking at other homes for sale in the area.
But in the era of the internet where listing a home for sale online presents extensive photos, floor plans and videos, is this traditional format still effective? And if so, for what types of properties does it work best?
Here are some key questions to consider when thinking about whether an open house is the best strategy for your home:
- Does an open house logistically work for you?
- How does asking price factor into an open house?
- How often should you hold an open house?
- How can you keep your home safe and clean during an open house?
- Do you need bells and whistles for an open house?
- How can you prepare for an open house?…….Read More