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For decades, sellers and their agents have been using open houses to help generate interest in their listings. Open houses give the general public the chance to view a home without scheduling a private showing. While open houses do get a lot of curious neighbors and casual browsers, they can be a good opportunity for serious buyers to decide if a home is worth pursuing further, or a way to get a better grasp on neighborhood home values.
In fact, 59% of home buyers attended an open house during their shopping process last year and 43% of buyers said attending the open house was very or extremely important to determining if the home was right for them.* On average, home buyers attended 2.6 open houses before buying.
Whether you're a sincere buyer or simply curious about the inside of a home, you should know how open houses work and understand how you can be a good open house attendee.
An open house is an event during which potential buyers can tour a home that's on the market. It's usually hosted by the seller's listing agent, or by the seller themselves, in case of a for-sale-by-owner (FSBO) listing. Open houses usually take place on weekends, during a set range of hours — typically midday.
No scheduling required: Unlike a private showing, you don't need to set up a specific appointment to see a home. Simply show up during the open house hours and view the home at your own pace.
Scope out the competition: If you're interested in a home, attending the open house can help you gauge interest from other buyers. This can be helpful when determining how quickly you need to submit an offer and how much you should offer.
Understand current home values: Seeing what homes are selling for in your area and what you can buy at a particular price point can be helpful if you're just starting your search.
Redefine your nonnegotiable home features: Checking out homes in person can help you redefine your list of must-haves: Do you really need that extra bedroom? What does a backyard of this size really look like?
Not every seller or listing agent will hold one, but here's the typical process for sellers setting up an open house:
The person hosting an open house could be any one of the following:
There are times when you might just stumble upon an open house while you're on a walk or running errands. But if you're intentionally looking for open houses as part of your home-buying strategy, try these tips.
If you plan to visit multiple open houses in one day, make sure you're focusing on listings that fit your criteria for budget and location. It's not worth wasting time looking at homes outside your budget or those that are too far from your work or school.
Tip: With Zillow's home search tool, buyers can filter by homes with upcoming open houses (this filter can be applied in addition to other search filters like price, bedrooms, bathrooms, square footage and location). When you use the open houses filter in conjunction with filters for your other criteria, you can easily find the right open houses for your search.
With help from your agent or on your own, find out how each home you're planning to visit stacks up against others nearby. Is the price in line with similar listings in the area? Are there any defects? Has it gone under contract recently and then returned to the market? Are there a lot of other interested buyers? Has it been sitting on the market for a long time? ('Days on market' is an indicator of a stale listing, but the standard number of days on market can vary based on where you live.)
If you're searching on a tight budget in a hot neighborhood, there's a good chance that the home that fits the bill will need some TLC. Fortunately, attending an open house can give you a better idea of the home's condition and potential, while also giving you the opportunity to ask renovation-related questions — e.g., the location of load bearing walls and the details of local regulations.
Now that you've done your research and are prepared to add some open houses to your home search, here's what you should do once the day arrives.
An open house is your best opportunity to ask the listing agent (or their associate) your questions — don't be shy. Ask questions that you wouldn't be able to answer just by reading a home's listing description, such as:
Tip: If you're not currently working with an agent and you ultimately decide you aren't interested in a particular home you tour, the open house could help you see if the listing agent might be the right person to represent you — many agents represent both buyers and sellers.
If anyone other than the listing agent or the homeowner is hosting the open house, they're likely an agent hoping to find potential buyer clients. If you're already working with an agent (or if you have no real interest in buying), be honest.
Professional or edited photos can make a home look a lot better online than it is in person. At an open house, take the opportunity to closely evaluate a home's condition and take note of any potential defects that would factor into your offer price.
Assess the windows: Look for flaking paint, misaligned sashes and condensation due to air leaks. These could be signs of windows that need replacement.
Check for water damage: Look for warped baseboards, ceiling stains and musty smells.
Make note of cracks: Noticeable cracks in the ceiling or drywall could indicate foundation issues.
Test functions: Open cabinets, doors and drawers. Run the faucets. Check the water pressure. An open house is a good opportunity to make sure every part of the home is in good working order.
Gauge potential renovation needs: Home improvements can really add up. As you walk through a home, keep an eye out for urgent renovation needs like floors, fixtures or large repainting projects.
Whenever you attend an open house, put yourself in the seller's shoes — you're letting a bunch of strangers walk through your home while you're not there. While every seller wants their open house to net a buyer, they also want to keep their home safe and their furnishings free of damage.
*Zillow Group Consumer Housing Trends Report 2019 survey data
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