Definition of "Open house"

Just to be clear: an Open house is not when you invite friends over to meet your new house. At least not in the real estate world.

When you hear someone talking about an Open House, they mean an event where the agent or the home seller opens his house so that interested homebuyers walk in and see with their own eyes how awesome that house is.

“Oh, so an Open House is that moment in movies when the guy goes to the house and there are fruit platters and cheesy background music?”

Yes, but if you are a real estate agent or home seller doing an Open House, please avoid this cliché. An Open House exists to “wow” home buyers and nothing says wow like being creative, innovative and classy. From the invitation, to the welcome sign outside the house and the event itself.

Because image is everything and the first impression matters, agents usually “dress” the house prior to the Open House. They normally:

-   Mow the lawn
-   Clean the bathrooms and the kitchen thoroughly
-   And sometimes even rearrange the furniture in a way that the house looks bigger and brighter

And of course: quality snacks to win clients by their stomach are a must at an Open House.

No wonder agents use the verb “to stage” when talking about the preparation for an open house, right?

Real Estate tip:

Liked the concept? Read our blog article and learn how to Optimize your next open house
.

Don't like the concept? You can try the Virtual Cyber Tours: The New Way to Show Properties.

Know where to find the best real estate agents with the coolest open houses? Look no further; check out The OFFICIAL Real Estate Agent Directory
® !

 

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

The act or removing or dispossessing or expulsion of an individual from a premise by force or law. ...

Insurance protection for the replacement cost of damaged property. Thus, the accumulated depreciation is not subtracted in determining the amount of reimbursement. ...

Simulation that enables investors to determine variations in the rate of return on an investment property in accordance with changes in a critical factor. It is an experiment with decision ...

English architecture. This style has two levels with the second level typically overlaying the first story. The roof is high and the chimney is sculptured. ...

Decline in value of real estate property because it is near something which is damaging to its worth. For example, a house located next to a pollution treatment center, drug center, or ...

Obtaining all the money needed for a real estate project's development. The acquirer/developer does not need to give any of his own funds for upfront costs. The developer also does not have ...

Extent to which soil has cavities or pores, thereby allowing water to pass through. soil productivity;Ability of the soil to accomplish the desired objective such as its capacity for ...

Right to enter and start construction or furnishing property that is in the process of being purchased. ...

Detailed financial accounting of all the credits and debits for the buyer and seller upon consummation of a real estate sale. ...

Popular Real Estate Questions