Will An Open House Help You Sell Your Home?

Home sellers will often host open houses for their homes in hopes that they will attract buyers, but do open houses really help people sell their homes? The answer to this can depend on the area, the home, and the situation; however, having an open house rarely has drawbacks for a seller. Here are some things to think about when it comes to open houses for homes that are for sale.

There are benefits of open houses.

One of the top benefits of having an open house is that you are inviting people into your home without appointments. Generally, people that want to view a house will have to schedule a private viewing of the home. With an open house, people do not have to do this, and this can make viewing homes very convenient for buyers.

The second big benefit is that an open house can often draw people in who maybe wouldn't have scheduled an appointment to see your home. If people happen to be driving by and see your sign for an open house, they may drop in, even though the house may not have been one they had on their list to see.

The other thing to consider is that your real estate agent will be at the open house you host, and this agent will know more about the house than other agents. Buyers will schedule their viewings with their own agents, which means your agent will not be present during private showings (unless the potential buyer called your agent). Your agent might be better able to answer questions about your house, and your agent may have more motivation to find a buyer for your home.

Technology has made open houses less of a necessity. 

While open houses can be beneficial in some cases, it's important to realize that open houses are not exactly as vital today as they maybe were years ago. Before the Internet became so popular, the only method people had for seeing homes was going to the homes and viewing them in person. With the Internet, people are able to view dozens of pictures of each home they are interested in without leaving their own homes. Videos are also very common today with listings, and a video gives a potential buyer the ability to see what a home looks like even more than he or she could by viewing pictures.

Hosting an open house can have its benefits, but it is not something you definitely need to do. If you have any questions about this, ask your agent. 

Share