Patricia M. McCorry, JD, CRB, GRI's Blog
An open house is a great way to showcase your home for sale to potential buyers. A successful open house is one that helps you to bring several concrete offers for your house for sale. Below are some guidelines to help you successfully plan your next open house event;
Time Your Event Right: The time for your open house event should not be unrealistic. Set a time that you can keep up with, and that is also convenient for people to come. Weekends are the best times for open houses or evenings on a weekday. Look at the weather forecast for that day and make sure poor weather will not disrupt your open house event.
Set a Budget: Have a realistic budget for your open house. Are you considering showcasing a fully staged home, or an empty house? What refreshments are you providing for guests? Have some money ready as a precaution in case something entirely out of the blue occurs that you have to handle.
Clear away clutter: You may choose to stage your home to look as naturally lived in as possible. However, you should also get rid of all the clutter around the house. Setting a house up typically helps to make the potential buyers feel comfortable so you should make it as convenient and organized as possible.
Get Professional Help: There's no doubt that there's got to be food, beverages, and entertainment. Instead of insisting on cooking yourself, you can order the food to be delivered before your guests arrive.
Get the word out! You may need to send many invites in the form of cards, emails and even set reminders via social media. You can also invite neighbors and friends through Facebook and other social media channels.
Plan for Safety: Most open house events last for two hours or so. Ensuring the utmost safety during an open house is very important since a lot of people, including strangers, would be in attendance. This may involve taking a look at your insurance policy to see what it covers, keeping valuables out of reach, and informing your neighbors about your event. You can have an assistant at the open house to help you stay with people as they move around the home.
Ready to get started? Speak to a real estate agent about planning a successful open house today.
To succeed in the real estate market, a home seller must understand what it takes to promote his or her residence to potential homebuyers consistently. However, transforming this dream into a reality can be exceedingly difficult, particularly for a home seller who is listing a house for the first time.
So what does it take for a home seller to succeed in any housing market, at any time? To find out, let's consider the home seller's perspective and look at three steps that home sellers can take to get the best results during the property selling journey.
1. Examine the Housing Market
Today's housing market may change tomorrow. As such, an informed home seller must go above and beyond the call of duty to understand real estate market trends. By doing so, a home seller can map out his or her property selling journey accordingly.
Take a look at the prices of available homes that are similar to your own. That way, you can better understand how your residence stacks up against the competition.
Don't forget to check out the prices of recently sold houses in your city or town as well. With this housing market data, you can find out whether you're preparing to enter a seller's or buyer's market.
2. Perform a Home Appraisal
You might think that your home will sell just days after it reaches the real estate market. Conversely, most homebuyers might disagree, especially if you failed to maintain your house's interior and exterior over the years.
Ultimately, a home appraisal allows you to learn about your house's strengths and weaknesses. This appraisal enables a property inspector to review your home's interior and exterior. Then, the inspector will provide you with a report that you can use to see whether your residence is housing market-ready.
If you find that your home is in need of serious improvement, there is no need to worry. Instead, you can dedicate the necessary time and resources to upgrade your residence's interior and exterior before you list your house.
On the other hand, if a property inspector gives your home positive marks across the board, you may be ready to add your residence to the real estate market right away.
3. Meet with a Real Estate Agent
No home seller should be forced to enter the housing market alone. Fortunately, you can hire a real estate agent to guide you along each stage of the property selling journey.
A real estate agent understands what it takes to sell a home in any housing market – without exception. He or she will set up home showings and open houses, promote your residence to the right groups of homebuyers and negotiate with property buyers on your behalf. As a result, you can streamline the process of getting the best price for your residence.
Want to add your house to the real estate market? Now that you know all about the home seller's perspective, you should have no trouble optimizing the value of your home.