Conducting an open house or not is a matter of choice. While it is seen as a benefit for some sellers and real estate agents, it is a headache for some. Every good thing comes with some negative points with it. Same goes for an open house too. Apart from being beneficial for selling a house, open house also has some negative points. Now it totally depends on what aspects are important to you. Here are some pros and cons of having an open house which will help you decide whether you should go for it or not.
Attracts More Buyers
You need to advertise to attract more buyers. Hiring an agent will make sure that the details of open houses reach the potential buyers. Advertisements through newspapers, street signs, pamphlets, online ads, and all other will be taken care off by the agent hence, creating a buzz in the market.
As many buyers have very little idea of the buying process, the buzz created will give them a direction to start the buying process.
More Deals to Choose From
More buyers mean more people who will be interested to buy your house listed on MLS in Edmonton Southwest. This will eventually give you the freedom to select the buyer that will pay more for your house. So, you can expect to get a higher value for your house.
The most important benefit of having an open house is that it saves time. Unlike showing your house to individual buyers separately, open house helps in showcasing the house at one time to many buyers. Also, it reduces the time and money you spend on maintaining and cleaning the house every time a new buyer is coming in to see your house.
There are a lot of disturbances when conducting an open house. Nosy neighbors are always excited to know what's happening at your house. They like to peep in and compare their house to yours. Also, you might have people coming in just to enjoy and not for the sole purpose of buying. With so many things happening at the same time, you are unable to pay attention to each buyer. This might become the reason for you losing a potential buyer.
Security issues are a major concern while conducting an open house event. Your house is open for everyone interested in buying the property. This does not mean only buyers will enter the house. There are chances that some might come just for the purpose of stealing something. Also, as there are so many people coming in, it is your responsibility to ensure the safety of all.
Based on the above pros and cons, you can decide whether you want to conduct an open house or not. You can even use the MLS in Edmonton Southwest to list your house or take help of a real estate agent to sell your home without any difficulty.