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Open Houses
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Many home sellers who wish to expose
their property to a larger market make the decision to hold an open
house, and schedule a date and time during which they invite people
to come and explore the property. Is it worthwhile for potential sellers
to go through the hassle of an open house? Is it more risk than reward?
Of course, plenty of homes are sold through private showings, scheduled
only between the home owner, the realtor, and the buyer. But the publicity
of a well-advertised open house can bring in a larger sphere of interested
people who might not have been exposed to the property otherwise.
Many people in the market to buy a home can't leave work or family to
go house-hunting during the week; it can be difficult to find a time
that works for both the buyer and the owner. Open houses make this simple.
They are usually held on weekends, and all parties have plenty of advance
notice. Not to mention the fact that a buyer at a well-prepared open
house sees a much more pleasing display than one who is led through
the house at 9:30 on a Monday morning.
However, all of this can come at a price. The number one concern among
home sellers regarding open houses is security, for their possessions
as well as their property. A seller who is already packing up to move
might be very amenable to the idea of an open walkthrough, but one who
is still living in the home would have quite a lot of preparation ahead.
Things can, and do, get broken or stolen at open houses. It takes a
great deal of time to organize a household's worth of belongings in
such a way that several strangers poking through the house at once,
trying to see how big the closets are, will not disturb them.
There is another security factor. Home owners are often just plain bothered
by the idea of people seeing what they own and getting a chance to essentially
case the joint. This is another reason why, if the owner is unable to
store their property elsewhere during the open house, it may not be
worth the risk.
Those who feel that an open house would be a good move in their market
simply need to act smart. Request the help of your realtor, friends,
and family, and pack away belongings. Provide adequate supervision in
every room during the open house. If you would rather organize the open
house into a series of guided tours, with one starting every fifteen
minutes, this is a possibility (although you might lose one or two buyers
who would prefer to wander free).
Basically, if your house doesn’t have a lot of curb appeal and is short
on offers, it might be worth your time to let potential buyers get a
free peek inside. It can be a secure and helpful step in the selling
process, provided you take the time to prepare for it.
About The Author:
Peter Dobler is a veteran in the IT business. His passion for experimenting
with new internet marketing strategies leads him to explore new niche
markets.
Read more about his experience with real estate; visit
http://real-estate.online-business-idea.com
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