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Do Open Houses Really Work?
Manage episode 178813317 series 1080655
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An open house can help you sell your home. However, its success depends on a few different variables.
There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.
We get asked all the time by home sellers whether open houses actually work in drawing buyers to a listing. The answer is that it depends on three specific criteria:
1. The time of year. Do you want to go to an open house in the middle of summer when it’s 120 degrees out? Probably not. Most homebuyers won’t want to either. Open house attendance during the summer months is usually very low.
2. What kind of community are you in? Certain communities are known for their open houses and have them quite frequently. This is especially true in many 55 and old communities.
Whether an open house works or not depends on three criteria.
3. The market. Is it a fast-selling or slow-selling market? If it’s a fast market and you’re getting multiple offers, you probably don’t have time for an open house. You don’t really need one in that case either.
If you have any questions for us or would like to sit down to talk about your listing and what you should do to help it sell more quickly, give us a call or send us an email. We look forward to hearing from you.
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