Holding an Open House is one of the ways a Realtor markets your home to potential buyers.
An Open House usually takes place during the first or second weekend after a property is newly listed. Potential buyers can view a property during a set window of time, such as 2-4pm on a Saturday or Sunday, without their Realtor having to make a specific showing appointment.
A Realtor is onsite for the duration and is often accompanied by a mortgage broker, so that visitors are provided with the maximum information they need in order to consider making an offer.
Before your home is listed for sale, it is recommended that you remove valuables, such as jewellery.
If an Open House will take place on your property, it is a good idea to inform your insurance company in advance of the slight increase in risk of a possible claim.
Visitors can be required to show photo ID at the time of entering your home, which is a way of encouraging them to be on their best behaviour.
Although an Open House could attract curious neighbours and “real estate tourists” who are not seriously considering purchasing your home, it could also lead to an offer!
Open Houses are a common and accepted real estate practice in Ontario. But as a Seller, the decision is up to you. Your Realtor will follow your direction.
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