There are many things you can do to sell your Colorado Springs property, and you will want to make sure that you do what works so you will sell quickly.
Is an Open House right for your Colorado Springs home? Will it be worth the time and energy? Here are some 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 Colorado Springs
The fact is, you may not get a buyer from the open house. In fact, more houses are sold via private showings. But, when you are trying to sell, exposure is key. Many people go out of curiosity and, while they aren’t buying for themselves, they might know someone who is. More people seeing your home will never be a bad thing.
A Nice Environment for Buyers
An Open House usually brings in all types of people. Some people simply love seeing homes, while others are ready to make an offer on the spot. The best thing is that they are typically able to walk around the house without any high-pressure sales. This gives them the chance to get a feel for the property and the ability to imagine themselves living there. 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.
Sellers typically stay away during an open house because it can be awkward for everyone. You could feel uncomfortable watching people judge every detail of your home. Buyers could feel as if they are intruding upon you, or that you are breathing down their necks. You will need to get the house spotless and then leave. You should plan to be away for a few hours. Cleaning, staging, leaving and wondering who is walking through your house can be very stressful!
Allowing people you do not know to walk through your home is scary! Thieves can take advantage during an open house, so make sure valuables are locked away. People can use an Open House as a chance to stake out the property. Most agents have an eye for these types, but you may consider asking a friend 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. Tell your agent to only accept 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, but don’t rely solely on an open house.