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

Secondary written agreement to purchase real property in the event the initial contract is not signed. ...

Clause in a mortgage that allows the borrower to pay more than the monthly amount and to retire the loan early without a penalty. ...

In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rate. A statistical measure stated as ...

The Department of Veterans Affairs (VA), formerly known as Veterans Administration, issues the Certificate of Reasonable Value (CRV), an appraisal, determining the highest value and loan ...

Right to property depends on some occurrence. ...

Act of obtaining land through condemnation. For example, when in interstate highway must be constructed, the land for the new road is obtained through takings. Usually, the government ...

The meaning of topography defines the science of mapping a specific region’s physical features. In short, the topography describes an area’s characteristics, such as its ...

Contractual agreement between a commercial or industrial rental property owner and an individual or firm who agrees to maintain the property. Management agreements specify the nature of ...

House design to be easily expandable. ...

Popular Real Estate Questions