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Open Houses are usually an option when you list your home with a Realtor®. Depending on the real estate company you choose to sell your home AND the Realtor® specifically that is your representative they may be encouraged or discouraged. Personally, I discourage Open Houses for all of my sellers. I'll get to some of those reasons in a moment but first you need to know what KIND of Open House your Realtor® is wanting to hold. There are two different kinds of Open Houses:
Brokers Open House: A Brokers Open House can be a viable tool for getting your home presented to many Brokers at once. Typically, a Brokers Open is help within the first 2 weeks of listing your home. Your Realtor® will set the date and send invitations to other area Brokers to come and view your home. Many times there will be snacks or a lunch offered and other incentives, such as drawings, to entice other Brokers to attend. It is also an opportunity for your Realtor® to gain valuable feedback about your home such as price, condition of the home, and other opinions from respected area professionals that will help to make your house stand out. Regardless of the verbiage in MLS and the numerous photos there is nothing like viewing a home in person to get the true feel and vibe and possibly "match" your home with another Broker's buyer.
Public Open House:
A Public Open House will be held on a date and time that is agreeable to both you and your Realtor®. More often than not, an Open House will be help during the weekend. Your Realtor® will advertise the Open House to the public with each Broker using their own method for advertising. A Public Open House can be held throughout the term of the listing but will always be done at mutually agreeable times. Depending on your Broker they may offer snacks or a light lunch and use that in advertising to entice more buyers to visit.
Another trend are Open Houses held during the week in the late afternoon. The thought is to potentially get buyers that may be on their way home from work. More often than not appetizers are offered at these Open Houses.
There are also "Community" Open Houses or in some areas they are called Progressive Open Houses. If there are several homes for sale in a neighborhood (even if by different real estate firms) the Brokers will come together and hold Open Houses on the same date and time and mutually agree to "advertise" eash others listings. A Listing Sheet will provided in each house of the Progressive Tour advertising the other Open Houses in the neighborhood.
Now, here is why I discourage (personally) Open Houses. An Open House has ONE Realtor® typically hosting the event. This puts the Broker in a compromising position when more that one person, couple of group shows up to see the home. It is physically impossible for a Broker to be with all attendees at all times. If I have a couple come through with children it can get even more hectic. More often then not, and no offense parents but it happens ALL the time, parents are busy looking at certain aspects of a home and asking questions while little Johnny and Jill have torn off through the house and are either in the back yard on the playset, opening cabinets asking for food, or in the bathroom emptying their pockets into the toilets and flushing. Those little buggers are FAST! ;) Then there is always the issue of theft. While I do my best to remain with Open House attendees it is just not always possible. Of course I have always asked that my sellers remove any valuables, etc. before an Open House but you just never know. Is the buyer there to case the property for a future break in?
Here is a news video that came out JUST THIS MORNING regarding recent criminal activity at Open Houses here in the Raleigh NC area. You can also click the link to read the accompanying article. PLEASE READ!
Check with your Realtor® before you list your home to see what their opinions are of Open Houses. Ask them to review the pros and cons with you. You may be a seller that wants Open Houses and you are entitled to them however, your Realtor® may or may not do them based on their company policy or personal policy.
If you have any questions regarding Open Houses in Wake Forest NC or the Wake Forest NC Real Estate Market please feel free to give me a call or send me an email- I'd be glad to help!
Welcome to Raleigh NC!
Live, Love, Work and Play...
And the Surrounding Towns and Cities of Wake Forest, Youngsville, Franklinton, Creedmoor, Raleigh, Oxford, Louisburg, Knightdale, Wendell, Garner, Cary, Apex & Holly Springs
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Welcome to Raleigh NC! Though my blog you can find Homes for Sale in Raleigh NC and the surrounding area, Things To Do in Raleigh NC and so much MORE! I am the Owner/Broker In Charge of R.E.D. Properties and I specialize in Northern Wake County with a focus on Wake Forest NC. It's where I live, it's what I love! Please visit "About Me" for more details on how I can help you "Establish Your Circa...." Scroll down for some very helpful links with regards to Raleigh NC Homes For Sale, the Raleigh Real Estate Market, Area Events and Things To Do in Raleigh NC and so much MORE!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.