Your open house helps me more than it helps you
Open houses might be a better way for an agent to gain more clients than sell your home. “An open house does not sell the house,” explains Jeff Peterson of Excel Real Estate Consultants. “Open houses are a tool for newer agents, or any agent looking to get more buyer clients. In my 15 years of experience, an open house consists of neighbors that are curious about the pricing or people driving by who stop by on a whim.” Don’t miss these smart ways to sell your home fast.
But open houses can be beneficial if done right
“Open houses work—sometimes,” says Katie Wethman, a Realtor licensed in Virginia, Washington, D.C., and Maryland. “It really depends on the location and price point of the house, and how quickly things are moving in your market. We find that open houses are critical in a fast-moving market and when the house is at an entry-level price point.”