When it comes to selling your house, you want three things: to sell it for the most money you can, to do it in a certain amount of time, and to do all of that with the fewest hassles. And, while the current housing market is generally favorable to sellers due to today’s limited housing supply, there are still factors that can cause delays or even prevent a house from selling.
If you're having trouble getting your house to sell in today's sellers’ market, here's something to think about.
Limited Access – If You Can’t Show It, You Can’t Sell It.
One of the biggest mistakes you can make as a seller is limiting the days and times when buyers can view your home. In any market, if you want to maximize the sale of your house, you can’t limit potential buyers’ ability to view it. Remember, minimal access equals minimal exposure.
In some cases, some of the most motivated buyers may come from outside of your local area. Because they’re traveling, they might not have the luxury to adjust their schedules when faced with limited options to tour your house, so make it available as much as possible.
Open houses in real estate is a highly debated topic for home owners. The truth is that some seller’s insists that having open houses are something that will sell their homes, others will want nothing to do with it.
What Is An Open House?
An open house is a low-pressure opportunity for potential buyers to evaluate homes for sale and find their dream house. An open house is a time when a home is available for viewing by potential purchasers in the real estate industry. In this case, the current owners—those who are selling the house—welcome prospective buyers into their homes. These potential buyers then look about the home, take in what they see, and decide whether they can picture living there. Getting to view how the property will appear with the furniture as opposed to an empty house with blank walls is a huge perk for potential homeowners. The traditional definition of an open house is when a homeowner invites potential purchasers to come by and have a look. Ultimately, with more potential buyers walking through your home, the more likely you are to get one or more offers.
How Does An Open House Work?
Selling and purchasing real estate is an example of a somewhat illiquid market with several products. Even though they may be in the same area or even on the same street, every house is unique from the others. At an open house, the seller or the seller's agent welcomes prospective buyers to enter and tour the home at their own pace or with the assistance of a broker.
Weekends, and Sundays in particular, see a lot of open houses, and brokers advertise them with banners and other pomp. To draw potential buyers during an open house period, owners maintain their homes staged, tidy and arranged.
Reasons Why You Should Host An Open house
Social Interactions Reduce Stress
Lookers are less self-conscious in your home when numerous potential purchasers are present. In a low-key setting, your agent can engage visitors and their agents in light conversation while providing informal tours. When buyers only have a short window to view a home during timed home viewings, it is uncommon to experience this calm atmosphere.
It's A Chance To Distinguish Your Home From the Competition
Even though a picture speaks a thousand words, nothing compares to viewing a house. You have the chance to present your home in its finest light at open houses. Your décor instantly improves if you decide to use professional staging.
By employing a staging firm that comes in furniture, you can stage without fuss. The goal is to design a room that makes a statement but is also adaptable so that potential purchasers can picture themselves residing there.
It's an Opportunity To Share Extras
An open house offers you the chance to share a list of the "best neighbourhood hits," as buyers are frequently just as curious about neighbourhood amenities as they are about the home itself.
You can list the menus of your favourite local eateries, as well as listings for nearby supermarkets, daycare facilities, and schools. This information could be included in a printed handout provided to open-house attendees as an added touch.
Open Houses Cut Down On Marketing Expenses
A quicker sale is frequently indicative of more people viewing your home in a short time. With an open house, you may forgo weeks of one-on-one showings and take advantage of a one-day event that maximises the audience. Pay for the housekeeper and staging only once, and get your house ready to sell as soon as possible.
You Can Invite the Neighbours Over for a Meet-and-Greet
Introduce your wonderful neighbours to potential purchasers if you have any. The majority of people who are looking to buy a property are aware that they are also purchasing the area and the community. Additionally, if you've fallen in love with your neighbours, an open house can cause potential buyers to do the same.
Some sellers may find that holding an open house requires more work than it is worth because, if they have a strong network, an internet listing can help them connect with more people. Unless the property owner is the one hosting the open house, the owner must vacate the premises during the event to provide the realtor unrestricted access. Making other plans for the kids and the family pets to be away from the house throughout the open house is necessary.
It is also advisable that the owners take down any personal belongings that may be lying around the property or hanging on the walls, such as photos, albums, and mementoes, as these items may make it difficult for potential buyers to see themselves living there after purchasing them.
For all of these things, lean on your real estate agent for expert advice based on your unique situation and feedback you get from buyers throughout the process. If your house isn’t getting the attention you feel it deserves and isn’t selling in the timeframe you wanted, it’s time to ask your trusted real estate agent for advice on what you may need to revisit or change in your approach. To get those expert insights, let’s connect.
If you decide that this is the path for you and you want to know what’s available in our local market. Together we’ll explore your options and the benefits of an all-new home. Give us a call today 714.251.3612 📱