Moving Tips Real Estate

Pros and Cons of Having an Open House

Are you selling your home and considering the possibility of having an open house? Or perhaps you’re an agent and debating whether a house you are selling is fit for an open house. Either way, we have compiled a list of pros and cons to consider when deciding to throw an open house.

Pros
Attract inexperienced buyers
Open houses attract those that don’t really know how to start the home searching process. This can be a great thing. They can easily be “wooed” by your home because they may not have much to compare it with. They also may keep going back to your open house as a reference for what they liked and didn’t.

More exposure
It obviously gives your house more exposure to clients. It’s accommodating to buyer’s schedules. They may just be driving by and decide to stop in to take a peek. It’s an easy way to advertise your home.

Buyers don’t feel pressured
Buyers are generally more relaxed during open houses. They may not make any immediate decisions but they will have a more positive connotation with their homes after

*Realtors can expand their clients

Cons
Hardly sell

Unqualified buyers

Security issues

*Realtors may be overwhelmed

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