Open House
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 ® !
Popular Real Estate Terms
Loan with a significant down payment with the balance being paid in equal periodic payments over a short time period. There is no interest charge. An example is when a seller of real ...
Early American style 1 story house with a steep gable roof covered with shingles. The bedrooms are on the first floor, but the attic is often finished and made into additional bedrooms. ...
Exchange of products or property between individuals in which no cash is paid. ...
percentage relationship of a specific part of property to the whole property. An example is the square footage of one office to the square footage of all offices in an office building. ...
Right to peaceful enjoyment of property while the legal title is held by one person and the property is used by another. ...
Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...
Method of constructing a brick, block, or stone wall using mortar in various overlapping patterns. The brick pattern is extremely important in terms of adding strength and stability to the ...
Bond collaterized by real assets. Two kinds of mortgage bond are senior mortgages and junior mortgages. A mortgage bond may have a closed-end provision that prevents the firm from issuing ...
The portion of a structure providing the primary ground support. Foundations have a foundation wall forming a permanent below grade retaining wall. All modern foundations rely on concrete ...
Have a question or comment?
We're here to help.