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An open house is an long-standing marketing method employed by real
estate agents to open a listing to the public on a given date and time.
REALTORS® advertise their open house using various media channels
including web sites, home magazines and the Multiple Listing Service.
The objective of an open house event is to allow potential homebuyers to
have a detailed look at the house so that they have a clear idea about
the property. An open house also gives your REALTOR® the ability to
address all questions from the prospective buyer or buyer’s agent.
Open houses are usually held at weekends, when the intending buyers are
free and have the time to visit the house with their families and
friends. Sometimes, they can make on the spot decisions. A lot of time
is saved in fixing appointments and coordinating meetings, more so,
since in any multi-party meeting, buyer and the agent may not be free to
attend them at the same time.
Remember the “60% rule” when it comes to the homebuyers decision-making
process: It has been determined that 40% of the actual buying decision
is based on “curb appeal” – the first look at a homes exterior from the
street – then the property’s location and neighborhood. Another 20% of
the buying decision is determined upon entering the home. In other
words, sixty percent of the decision to buy or not to buy a home is made
when the buyer enters the front door!
So how do you prepare your home to be irresistible to buyers during your
open house? Making your home look as nice as possible may seem obvious.
However, as Realtors® we know better. We view many homes during open
house events with our buyers and many sellers don’t do much beyond
vacuuming the living room rug and maybe cleaning the ring off the
bathtub. Short of spending a lot of money, we offer several steps
sellers can take to make their home show better:
This can add a touch of elegance to any home.
This is a quick and easy way to make your home’s baths more
attractive.
Scented sprays are too obvious and many people find them offensive, so
it’s best to avoid them. If you want to have a pleasant aroma in your
house, have a potpourri pot.
Showing that the home is a center for family activities and events helps
potential buyers visualize themselves becoming the new owners!
This is a great place to start with a good first impression – and it’s inexpensive!
This will create a sense of spaciousness and help simplify and
de-personalize the rooms.
This will give the illusion of more counter space and help with giving
your property a less “lived-in” look.
If your selling your house during the winter months, this is a great
opportunity to showcase the fireplace – nothing says “welcome home” more
than a roaring fire. If your open house event is in a warmer season, put
flowers or candles in the fireplace.
Remember, you must emotionally disconnect with your home when
it comes to dressing your home to sell. If you are selling property,
real estate agents will refer to it as a “house.” There is a reason for
this. Buying real estate is often an emotional decision, but when you’re
selling real estate, you need to remove emotion from the equation.
Think of your house as a marketable commodity. Property. Real estate.
Your goal is to get others to see it as THEIR potential home, not yours.
If you do not consciously make this decision, you can inadvertently
create a situation where it may take longer to sell your property.
This will “green up” the grass just enough and give it a brilliant
color.
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