What is an Open House and What You Should Expect

what is an open house

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Sell That House!

If you’re in the process of selling your home, you may be pondering the different strategies to help make that sale. Online ads. Real estate agent referrals. And don’t forget about that classic one – having an open house. Do you know what is an open house? Keep reading.

So what is an open house?

In a nutshell, it is a specific day and time where anyone can come in and take a look around your home. No need for an appointment, no need for a commitment. It’s an open invitation. They often last about two hours.

This strategy tends to offer a lot of bang for your buck. Lots of people in a short amount of time, and less disruption for you. More visitors mean the greater potential for a reasonable offer.

What happens during an open house?

Simply, people come in and take a look around your home. They will look in closets, peek in cupboards, look out windows, and sit down on your couches. Some people, such as your neighbors, will stop in out of curiosity. Others will come in because they are interested in buying a home. Some will be serious about making a purchase, and others will merely be browsing. You never know what you are going to get.

Your real estate agent will be there too. They will answer questions, gauge interest, and encourage potential buyers.

What’s the difference between an open house and a private showing?

An open house encourages anyone and everyone to come in for a look. A private showing requires an appointment, but it tends to be a shorter time frame than that of an open house. Also, the buyer’s real estate agent tends to be with the buyers. During an open house, visitors come on their own.

what is an open house

Image Credit: Getty Images

Is there an open house etiquette?

Yes! Expect that people will open your closets, cupboards, and drawers. They will go through every room in your home, sit on your furniture, and peek out windows. They will walk into your garage and across your lawn.

If there is anything you don’t want people to open or see, it is best to lock it up or move it to a different location.

Can you take pictures?

Sure! After all, pictures of the home were probably posted on the real estate agent’s website. However, keep it to pictures of rooms, hallways, and the outdoors – pictures of people’s personal effects is a no-no.

Should you bring your own REALTOR®?

What is an open house without your REALTOR®? An open house! Sure, you can ask if your agent wants to go. But usually, an open house is a time when you get a chance to poke about and get a feel for the place. If you find you like it, ask your agent to have a private viewing – your agent will come with you that time.

What is an open house – extended version

An open house is a time where you can check out the physical layout of a home. But you can get a lot more than that from an open house. The listing agent will be there, and that lets you get some more of the nitty gritty details about the house and area. These can include:

  • Any HOA or PUD fees
  • Property taxes
  • Schools and other amenities

You could also ask any neighbors that are milling about why they like the area.

How much for the home?

If you are getting serious about a home, Shamrock Financial can help you along the way. Show us the asking price. We can show you how to get pre-approved, what your mortgage payments may be, and how much you could pay in taxes. So get ready to see some open houses, and be prepared to come away with a beautiful – and affordable – home.

 

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