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 ® !
Popular Real Estate Terms
Use of a parcel of land that will produce the greatest current value. ...
Style of life emphasizing outdoor activities, amenities, and recreation. Example are campers and barbecues. It is usually on a short-term basis. ...
The assessment sales ratio is a way of measuring the accuracy of a property’s assessed value when compared to the property’s selling price. This measurement gives the ...
Visible area that can be readily seen by outside traffic. This is particularly important for a commercial business. ...
Unsecured long-term debt. There is no collateral or lien on the property. A debenture can only be issued by a financially sound borrower with an excellent credit rating because no ...
An acre is defined as a land unit that is commonly used in the US customary and imperial systems of 66 by 660 feet (one chain by one furlong). An acre is a measure of volume used in many ...
Outside layer or covering for a structure. It may be a coating of material for protection against inclement weather. ...
Excess of money or fair value of property received on sale or exchange over the carrying value of the property. An example is the sale of a building when the cash received exceeda its ...
To depreciate is to lose value for something. Depreciation is the act of losing worth.Connecting with real estate, Property depreciation can be both an accounting method typically used to ...
Have a question or comment?
We're here to help.