When you consider selling your asset, the first option that comes to the mind to get the highest exposure is the open house. But, why an open house? This was the conventional method in order to generate buzz for a property to be sold. This was considered to be the most convenient and beneficial way of selling your home. But, in recent times rather than offering benefits, it has hindrances in selling the house. Minimum percentage of people have benefitted from this process. There are two main reasons behind why open houses don’t sell houses. Let’s summarize those points:
The World Wide Web has created a revolution globally. It has such a huge perk of getting all the information sitting at home, that people don’t take the pain to personally visit the house before buying it. The buyers get in touch with the brokers to set the deal of the chosen house, rather than search for an open house.
An open house demands you to vacate your home and letting the representative work there with the buyers according to their own will. Most of the people, who come to visit the asset, are not potential buyers. Instead, they are “Looky-Loos” who just love touring homes…too much HGTV. The neighbors flock outside the home to peep inside. This can prove to be dangerous, as there might be thieves as well. An expert thief can easily pretend to be a buyer and come to visit the house with the intention of looting the belongings and not buy it. Thus, this is not just a waste of time and money involved in the hosting but can be potentially dangerous for the host family.
To further support our findings of why an open house should be avoided….If you hire a seasoned real estate agent, they are also aware that this is not the most effective method. Therefore, they are most likely to send a rookie agent to handle the open house. Availing an open house involves many disadvantages and hence, it should be avoided. Following the latest trend in getting your home enlisted in a reputed website is highly advisable that has effective SEO and marketing.