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

One of series of parallel beams directly supporting a floor or a roof. Joists can be made out of wood, steel or steel reinforced concrete. Joists are in turn supported by other beams or ...

Rights allowing an insurer to act against a negligent third party to receive reimbursement for payments made to an insured. ...

Precisely the optimum location for a retail business establishment in an urban central business district (CBD). A one-hundred-percent-location normally is a square block or intersection in ...

As a collective noun, land cost means the total cost of purchasing a parcel of land or lot with specific land use and ownership. The land cost includes the purchase price, closing costs, ...

Board used when connected as a floor. It may also be used as a strip in a wall or door. ...

Interests and property directly connected with real property. This would include property leases, fixtures, and access rights. ...

- What are the closing costs?Closing costs are the fees and expenses paid during Closing. They are not included in the final purchase price of the property.- How much are the closing ...

Listing of all of the plats of subdivided plots in a jurisdiction showing the location, boundaries, and plat owners. A plat book normally shows other improvements including roads, blocks, ...

A legal procedure to sell a mortgage property to the highest bidder in order to satisfy a mortgage claim from a mortgagee against the value o the property. A foreclosure sale can occur from ...

Popular Real Estate Questions