Do Open Houses Work When Selling a Property
Do Open Houses Work When Selling a Property or properties, residential home open house pointers - IPD Property Forum.
Holding an open house is an effective way to spread the word that your house is for sale, and to show potential buyers or their friends what a great home you have.
Make sure you advertise your open house to as many people as possible. We strongly suggest advertising in the newspaper classifieds.
Tell as many friends as possible. Consider posting notices at work, church, neighborhood public areas like libraries or coffee shops.
Have a place where visitors can sign in so you know how many people visited and can follow up with interested parties.
Ask people for feedback as they leave or if you call them to follow up on their visit. This feedback really helps you evaluate your price, and how buyers view your property.
Pets should not be present as they make many people uncomfortable. Buyers are most comfortable when they can walk around your house without being followed, at their own pace.
Don't be a tour guide, let the buyers observe at their own pace and wait for them to ask questions.
If there are some important "hidden" features, you may want to highlight them with little notes that attract attention, such as "New windows" or "this window is always sunny" on a window, "New furnace" near the thermostat, or even "hardwood floors under carpet." Don't use more then a handful of notes, and limit your "sales pitch" to your visitors.
Do Open Houses Work When Selling a Property?
There are many ways to expose the property to potential buyers other than open houses.
The main reason why an open house would work is if the price is possibly too high. The realtor, during an open house, would show other realtors why the house is listed at the higher price, and to get valuable feedback from viewers and realtors alike.
The feedback is then used when discussing with the sellers as to if the price is too high or not.
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