Open houses require attention by the attending agent that goes beyond letting customers walk through the property. Now, I have received an advertisement from an insurance company offering an insurance policy for open houses. This type of policy may have been available for awhile, but I haven't seen one offered before. If I hadn't already curtailed my open house activity here in Falmouth MA, here is the encouragement to do so.
I have often been at an open house where more people than I can personally manage arrive and tour the home. This takes a great awareness of what is in the home, where all the parties are at any given time, and what is a possible target for thieves. Jewelry on dressers, prescriptions in the bathrooms, and even art or collectibles, never mind something that might get broken by a visitor.
As if we have disposable cash for another "add-on", the insurance companies are making it more risky to hold an open house by bringing attention to the risks. Maybe open houses are a thing of the past. Maybe brokerages are going to need to be more careful about holding open houses. I can see the day when open houses are no longer part of real estate marketing.
Happy Selling and Listing!