Zillow Advice: Selling Process - Should we have an open house? What are the pros and cons? http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ Zillow Advice | Zillow Real Estate I used to be a realtor (10 ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ I used to be a realtor (10 years ago) and only did open houses when the seller insisted. &nbsp;Pros for the home owner: &nbsp;traffic through your home maybe &nbsp;attracting a buyer who might not have considered your home. &nbsp;Cons for the home owner: Thieves work it..meaning they come through in groups and steal whatever they can pocket. &nbsp;But the biggest pro goes to the realtor who holds the open house. &nbsp;It gets them in front of potential buyers/sellers. &nbsp;With all that said, if/when I put my personal house on the market there is no way I would agree to an open house. Sat, 08 Nov 2014 23:25:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2014-11-08T23:25:00Z An open house is one of the ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ An open house is one of the biggest wastes to time for a homeowner. It is completely unnecessary to sell a home. It is a myth that has been fostered by some real estate agents who use an open house as an opportunity to prospect for clients. How many top producers actually sit in a home waiting for business to come their way? Not many! Real buyers ALWAYS call to schedule an appointment on a home they want to see. What many agents do in their exuberance of trying to sell open houses as a great marketing activity is fail to inform sellers both the <a href="http://www.maxrealestateexposure.com/the-drawbacks-of-an-open-house/" rel="nofollow">pro's and con's of an open house</a>. There are serious drawbacks to an open house that could cost the seller big money! Sat, 08 Nov 2014 23:00:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2014-11-08T23:00:00Z ABSOLUTELY! We sell more ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ ABSOLUTELY! We sell more homes in Clintonville and Columbus OH by Open Houses than internet or advertising! It is a great way to get as many buyers, lookers and neighbors through with the least inconvenience to you, the sellers, as possible. <br/><br/>Many people complain about neighbors coming through. We encourage neighbors - they know the neighborhood,&nbsp;most know the history, most end up discussing the home with others they know. Plus most buyers will eventually seek out a neighbor and ask questions. Best to have them on your side and knowledgible about your home! Mon, 24 Jan 2011 18:49:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2011-01-24T18:49:00Z Open Houses are a great way ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ Open Houses are a great way to get alot of people through your home. However, these people may not be qualified or are just "nosy" people. When you have an actual showing it is much better than just having an open house. You are more likely to sell your home from a scheduled showing then through an open house. On the other hand, there is still a chance that someone may come through the open house and buy it. Good Luck!<br/>For more buying and selling tips, please visit <br/>[content removed by moderator]<br/><br/>Salafia Sold Team<br/>[contact info removed by moderator due to self-promotion] Tue, 18 Jan 2011 18:56:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2011-01-18T18:56:00Z Open houses are good, they ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ Open houses are good, they are obviously better for the Realtor than for you specifically because it's a remote office for the Realtor to meet buyers that might be intersted in some other house in the neighborhood if not yours.&nbsp; That being said, I have sold a few houses on an open house, had one actually stand there and write the offer after walking in (i am sure that is rare).&nbsp; It gets people out that didn't want to make appointments- so it does reach a population that might not otherwise look at yours.&nbsp;&nbsp; There's many drawbacks too...think on it and talk with your Realtor about it.&nbsp; I do reccommend a Broker's Open, that is when your Realtor offers food/prize and opens other Realtors to come view the house, the benefit is if you get 15-20 Realtors checking it out, they can talk intelligently with their clients about how your house fits those clients! Your Realtor should have a lender or other person that is willing to sponsor it and provide the goodies!&nbsp; It's well worth the time! Mon, 17 Jan 2011 20:10:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2011-01-17T20:10:00Z Stacy,It never hurts to have ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ <p>Stacy,<br/><br/>It never hurts to have an open house espicially when the home is a new listing.&nbsp; Just don't bank on the idea that it will sell due to that.&nbsp; Less than 2% of home sales come from open houses.&nbsp; Because we as realtors give so much information to the buyers on line, the open houses are not as effective now as they have been in the past.&nbsp; Most buyers will do a drive by your home before they decide to come to an open house so make sure that you have flyers in the brochure box.<br/><br/>Good luck</p><p>[link removed by moderator]</p> Tue, 16 Nov 2010 17:49:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2010-11-16T17:49:00Z Open Houses are VERY important. ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ <p>Open Houses are VERY important. In today's market most buyers are using the internet to house hunt before contacting an agent.&nbsp; The younger the buyer, the more wary they are of contacting agents unless they have a personal&nbsp;recommendation.&nbsp; <strong>The way these buyers get in to see the houses is through the open houses they have found on the internet.&nbsp;</strong> So don't close your doors to those internet buyers!</p> Wed, 10 Nov 2010 16:08:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2010-11-10T16:08:00Z Open Houses still work if ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ Open Houses still work if you put the extra effort into them.&nbsp; We have been going around the neighborhood the days following the open house and talk to the neighbors and leaving flyers detailing the house and the open house information.&nbsp; Also there are phone calling systems that you can subscribe to that will allow you to call up to about 100 people or so an hour, leaving messages and speaking to people about the open house. Tue, 09 Nov 2010 19:03:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2010-11-09T19:03:00Z I agree completely with Tim, ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ I agree completely with Tim, 5% below market is key and open houses are exactly that, a way for Realtors to fish for buyers.&nbsp; <br/><br/>Josh Mon, 08 Nov 2010 14:12:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2010-11-08T14:12:00Z Less than 1% of all buyers ... http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ Less than 1% of all buyers actually buy an open house. Many agents use open houses to "fish for buyers" that they can sell something else to. In order to get the most buyers in your home and get it sold asap I would recommend pricing it 5% below market. In the long run you will net more than trying open houses and classified advertising for a home that is priced even $1 above market. Best of luck with your sale. Mon, 08 Nov 2010 14:01:00 GMT http://www.zillow.com/advice-thread/Should-we-have-an-open-house-What-are-the-pros-and-cons/368878/ 2010-11-08T14:01:00Z