What is the likelihood that your home will sell at an open house? Open houses are an integral part of the home sale business. But, do they work?

An effective open house can afford potential buyers the opportunity to get a true sense of a home. Since buying a home is one of the most important, and expensive, decisions an individual or couple can make, an open house can not only provide a physical tour of the property, but also an emotional connection with the potential buyer.
Some open house visitors will be neighbors. This is not all bad. Some neighbors have friends or relatives who may want to relocate into the area.
Most people who visit open houses are directed there by the “Open House” signs. This means they don’t have much information about the house when they walk in the front door. So even when open house visitors are legitimate buyers, they may not be well-qualified for the house in question. They may need a larger house or a smaller house, or something more or less expensive.
As a FSBO seller, give your home as much exposure as possible, as often as you can. By putting your house on the market, you are presenting it to every buyer as their potential next dream home. Therefore you’ll want to prepare and stage your home to convey the very best impression.
Homes do sell at open houses! Do you live in a high demand neighborhood with lots of drive by traffic? Will families be passing by on their way home from church or on their way to restaurants and shops? Is your home priced correctly for the neighborhood?
If you can answer yes to these questions, an open house may be an effective marketing tool for your home. Potential buyers who like specific areas will stop to see what is available. If the home is well priced, I have seen buyers write offers on the spot.
If your home is well off the beaten path or you were the only one in the development to add all of the upgrades, open houses might not be successful. Buyers won’t follow more than 3-4 directional arrows and travel more than ½ a mile out of their way. Likewise buyers are frustrated when they do stop but realize that the price tag is $60K higher than the rest of the neighborhood because there are granite counters, cherry wood flooring and custom birch cabinets. If your home falls in either of these categories, open houses might not be successful.
Timing and Duration of Open Houses
For most homeowners, I suggest one open house per month and not longer than 2 hours. (I will do two per month, if the homeowner’s schedule allows.)You should schedule the open house at least one week in advance. This allows time to place ads in the paper as well as on the internet.
Open houses are a valuable tool in selling your home. To be effective, they must be combined with other tools in a complete marketing plan to sell your home.