Whether you are selling on your own or through a real estate agent, there are many things you can do to sell your Modesto property. And it’s a combination of these many things that will inevitably sell your house.
Is an Open House right for your Modesto home? Will it be worth the time and energy? In this blog, we will review the pros and cons of an open house so you can decide if it’s right for you.
Pros and Cons of an Open House in Modesto
The truth is most homes are sold after private showings. However, an open house will generate exposure and interest that could lead to more private showings. Even if your nosy neighbor wanders in, they might know someone who is interested in buying in your neighborhood. Having an open house is a great way to give your house exposure. More people seeing your home will never be a bad thing when it comes to selling your house quickly.
A Pleasant Environment for Buyers
An Open House usually brings in all types of people. Some people simply love to see different homes (we call them “looky-loos” or “tire kickers”). Others are ready to make an offer on the spot. Most people love being able to walk around the house without any high-pressure sales. This gives them the chance to develop their own feelings about the property. While a private showing is more one-on-one, an Open House will allow buyers to look around at their own pace without feeling rushed.
Most sellers will want to stay away during an open house because it can be very awkward. You probably don’t want to watch people judging every detail of your home. On the other side, buyers won’t feel as comfortable if you are hanging around. You will need to get the house clean and then hit the road. You should plan to be away for a few hours.
Some people aren’t comfortable with a bunch of strangers walking through their home when they are not around. Thieves can take advantage during an open house, so make sure valuables are locked away. People will also use an Open House as a chance to stake out the property. Most agents have an eye for these types, but some people choose to send a friend in to drop by to make sure everything is going well.
Dealing With Unqualified Buyers
An open house will attract anyone and everyone. You might have people off the street, walking in and attempting a verbal offer. Getting offers from unqualified buyers can waste everyone’s time. Make sure your agent knows to only get offers from individuals who have been pre-qualified.
Holding an open house is part of a much larger strategy. Many agents hold an open house to help increase their own exposure. And while it may not sound like it, this can be very good for you. A Realtor who knows how to market themselves and who has a lot of connections will likely be able to draw a crowd for your home. Any exposure of your property can be beneficial, just don’t expect a ton of legitimate written offers on the day of. Don’t rely solely on an open house, but do appreciate an agent who is utilizing ALL resources to sell your home.
How to Avoid an Open House
If you don’t want to deal with all the headaches of an open house or the expenses associated with hiring a real estate agent, you do have other options. One idea is to sell your house to a cash buyer like Offer4Cash. We’ll buy your home without any hassle or fees. We’ll make you a cash offer and you can set your own timeline. If you need to get out fast, we can close in as few as 7 days. If you need to take a little more time, we can set the terms for your desired move-out date. Our goal is to make the process of selling as smooth and stress-free as possible.