If your home is priced too high compared to the other homes for sale in the neighborhood your open house will be a disaster. The buyers you expect will visit other open houses in your neighborhood and not visit your home. Have your Realtor perform a Brokers Price Opinion. Your list price should be 10 percent below the competition.
KEEP THIS IN MIND:
•1. You will have many buyers visit your open house.
•2. You can accept or reject any offer that is below your price point.
•3. A multiple offer situation will occur, with a possible bidding war.
•4. At escrow closing, you will receive more money in your pocket.