3 reasons for organizing an open house
COVID-19 | To help in the shared effort to slow the virus, we are asking our clients to not hold open houses until further notice. On the other hand, in-person property visits can still take place. Learn more >>
An open house is an absolute must when you’re putting your home on the market, because it lets you meet multiple potential buyers within a short time.
Nowadays, buyers do their own research and show up when they’re interested in a home. Sellers should focus on the open house to increase the chances of having potential buyers come by sooner.
You don’t need sales skills to make a good impression. And an open house is easy to organize. With the DuProprio team, you can do it in minutes! And there are many advantages to holding one… or even several!
1. You’ll attract more potential buyers
First and foremost, the event will add extra visibility to your listing. It can even attract people who might otherwise not have come to see your property.
“An open house will save you time by bringing several visitors together at once,” points out Martin Desfossés, real estate coach at DuProprio. “It can even create a sense of urgency if several buyers show up at the same time.”
2. You can gauge the market
On top of letting visitors see whether the property is to their liking and if it meets their needs, an open house allows the homeowner to get a reaction from potential buyers. This is useful for checking whether the listed price is competitive relative to the market.
Remember to introduce yourself to visitors and to get their contact information. You can then do a quick telephone follow-up that will only take a few minutes. Thank them for coming to your open house, and ask them whether they’re interested in the property. If they are, you can invite them to visit again.
3. You have everything to gain
You can organize an open house at several points during the selling process, for instance when you first put the property on the market, after you do renovations or if you change the price. “You have everything to gain by doing it again and again,” says Martin Desfossés.
It’s also essential to stay optimistic and positive. “You might get several visitors or you might not even get one. That’s a reality in real estate sales. Be aware of that so you won’t be disappointed,” says the DuProprio real estate coach. “But don’t worry: your buyer will turn up eventually.”
Finally, to increase your chances of success, you should organize your open house for maximum impact. The best times are Saturdays and Sundays between 1:00 and 4:00 p.m. We also recommend spacing out your open house events, holding them only every few weeks so they are always a special event.