Open House Benefits, A Time Conscious Method
by real on February 25, 2020
Open House is another debated topic for homeowners and real estates. Many people consider an open house as an old fashion way of marketing.
They believe these days everyone is educated, and they do their own research before they visit a property. However, never forget your real state agent may use every old fashion and modern method of marketing to present your property.
As a homeowner you may have question is it good to have an open house or not? Keep it in your mind that every decision has its own positive and negative outcomes. By having a solid understanding of advantages and disadvantages as a homeowner you can make your own decision to either have an open house or not.
If you as a seller and your agent, plan to have an open house, make sure that your agent follows these steps:
- Prepare a property description sheet, and some areas need to have an inspection report ready.
- Stage the property and make it housewarming for the visitors.
- Be a wonderful host and take time to answer all the questions
- Follow up with visitors and ask for feedback
Now the property is ready to welcome potential buyers and you have a chance to take advantage from your open house. Below there are some key point benefits of having an open house.
May reduce the cost of marketing:
By having an open house, there are more eyes on your property in a short period of time and it may cause of faster sale. In this case your agent and you pay less afford to keep the property clean and advertise the property.
More Attraction for new home buyers:
First time home buyers sometimes doesn’t know where to start, they may doesn’t know they need to contact real estate agent or bank. Open house gives the first-time home buyers to search for the area they like to have a property and easily see the houses with no appointment.
Additional Publicity:
Having an additional exposure gives sellers more opportunities to sell their property faster with better price. Your realtor needs to use strong marketing strategies and advertising to have the maximum exposure.
Time conscious method:
Having an open house is an economical method in terms of time. Your real state agent has an option to answer same questions posted by your buyers on a specific period.
As you read benefits for open house, you need to know it is an option for you to have it. Many agents don’t believe on open house and they use other approaching strategies. As a buyer you have the right to accept an open house
