An open house can be one of the most effective ways to get your property sold. It is the first time that your home is open to the public and an easy way to draw prospective buyers. As productive as this can be you will only get results if you do it right. Often times this means pulling your weight as the seller. If the house is not priced right or show in the best possible light you will be disappointed with the results. Here are some tips to get the most out of your open houses.
Price Right. Your house can look like the Taj Mahal but if it is overpriced buyers will quickly dismiss it. If the property is overpriced traffic will be low and odds of getting a quick offer will be reduced. The best way to maximize value is to list the property at a number that is in line with the market. This will increase demand and may result in a bidding war. Before you commit to an open house you should consider the best list price for the property. If not any work you do to the house may be in vein.
Presentation matters. First impressions are critical with an open house. A large number of buyers will formulate an opinion within the first ten seconds upon entering the property. This means spending time to make sure the front yard and walkway are presentable. From there you need to do everything possible to make sure your home is spotless. Buyers will look at every inch of the property for ways to reduce the value. It may be a good idea to have your home professionally cleaned before the open house day. You may also want to have a handyman look at fixing nagging items in the kitchen or bathroom. Spending a little money before the open house can yield a big return.
Listen to your nose. One of the hidden things that matter to buyers is smells. The smell inside your property will give off an impression of how it is to live there. If the house smells like linen or sugar cookies it has a feeling of home and will attract buyers. Conversely, if the house smells like lasts night’s dinner or has a strong animal smell they may look elsewhere. For as many buyers that love animals there is a large segment that does not. If you have dogs or other pets you may want to consider keeping them away from your home on open house day.
Eliminate clutter. If your house is cluttered and filled with personal items buyers will feel that you may be hiding something. Additionally they want to be able to picture themselves and their belongings in the property. You want your house as open and clutter free as possible. If you have to rent a small storage unit for some of your extra items this may open up the house and make it much more attractive. The more of your stuff that is in the property the less they can envision living there.
Open houses are often very successful at generating interest. You only get one shot to make an initial impression to the market. It is up to you to do your part to make your home as appealing as possible.