What Are The PROs & CONs of Open Houses?

Should You Host Open Houses When Selling A Home?

If you’re selling a home, should you have open houses? Almost any decision that has to be made will have it’s positive outcomes but also it’s negative outcomes, and this is no different when it comes to open houses in real estate.

Ultimately, if you’re selling a home and you’re unsure whether you want to have open houses, you need to be aware of the possible positives from having an open house but also need to be aware of the possible negative results from an open house.

So, what are the pros and cons of open houses in real estate?  Learn below about some of the PROs & CONs of open houses!

PRO: Attract New Buyers Who May Not Be Thinking About Buying

Not all home buyers realize they’re actually ready to purchase a home.  The steps to buying a house are often unknown by buyers.

An open house allows people to view a home without the pressure of an agent or mortgage consultant breathing down their necks.

An open house can potentially result in a buyer realizing they’re actually ready to purchase a home.

CON: It’s Impossible To ‘Police’ Who’s Walking Through Your Home

An open house is open to anyone.  This means that your real estate agent may have no clue who is actually walking through your home.

Are the people walking through your home even able to purchase your home?  Are the people walking through your home honest people?

These are just a few of the unknowns about the people attending an open house.

Final Thoughts

Deciding whether to have open houses when selling a home is not a decision that should be taken lightly.  There are many types of people who attend open houses and it’s vital you understand all the benefits and drawbacks of them!