Pros and Cons of an Open House in Essex CT

We Buy Houses In Essex CTNeed to sell your house in Essex CT? There are many things you can do to sell your Essex CT property. And it’s a combination of these many things that will inevitably sell your house. Not to waste any time you will want to come up with a plan that really works.

Is an Open House right for your Essex home? Will it be worth the time and energy? In this blog, we will review the pros and cons of an open house so you can decide if it’s right for you.

Pros and Cons of an Open House in Essex CT

Pros:

More Exposure

Chances are that you may not find a buyer for your house in Essex CT from that open house. More often than not, houses are sold via private showings rather than open houses. But, by letting as many people as possible know you are selling your house in Essex CT, you increase the chance to actually getting your house sold. Word of mouth is a powerful thing. Word travels fast and although someone may not want to buy your house, they may now someone else that may be looking to buy! Open houses are awesome ways to expose your house to potential buyers, or people that know potential buyers.

A Nice Environment for Buyers

Open houses provide potential buyers with a nice relaxed unrushed opportunity to stroll through the house without feeling rushed or pressured, unlike a one-on-one showing. They can talk to their loved ones, and calmly visualize living there.

 

Cons:

Stressful

Most sellers stay away during an open house. It can be awkward for everyone. You probably don’t want to watch people judging every detail of your home. Buyers do not want to feel as if they are intruding upon you, nor do they want to feel as if you are breathing down their necks. You will need to get the house spotless and then hit the road. You should plan to be away for a few hours. Cleaning, staging, leaving and wondering who is walking through your house can be very stressful!

Security Issues

Speaking of people walking through your home, the idea of it can be a little scary! Thieves can take advantage during an open house, so make sure valuables are locked away. Put away all personal items, so nothing goes missing. People will also use an Open House as a chance to stake out the property. Most agents have an eye for these types, but some people choose to send a friend in to drop by to make sure everything is going well.

Dealing With Unqualified Buyers

You have little control over who shows up during an open house. Often people just have nothing better to do on a beautiful sunday morning and to them it  may be interesting to walk through other people’s houses. Often this can be a waste of time and effort to the seller. Getting offers from unqualified buyers can waste everyone’s time. Make sure your agent knows to only get offers from individuals who have been pre-qualified.

Holding an open house is part of a much larger strategy. Many agents hold an open house to help increase their own exposure. And while it may not sound like it, this can be very good for you. A Realtor who knows how to market themselves and who has a lot of connections will likely be able to draw a crowd for your home. Any exposure of your property can be beneficial, just don’t expect a ton of legitimate written offers on the day of. Don’t rely solely on an open house, but do appreciate an agent who is utilizing ALL resources to sell your home.

Are you thinking about selling your Essex CT house? Find out what our team can do for you! Send us a message or give us a call now! (203) 529-4712