Open Houses for FSBO Sellers
The first requirement to find a buyer for any home is to make sure the pool of potential buyers know it is on the market. For FSBO sellers, holding a wide open house can help to get the word out to buyers.
Open Houses
Open houses work well at helping sell real estate in many parts of the country. Realtors use open houses constantly to create interest in homes [and get new clients]. Should FSBO sellers (those who are selling their own homes) also use open houses to create buyer interest Yes, with one caveat.
Location, Location, Location
The clich ?location, location, location? pertains to more than one aspect of real estate. Not only does it address appreciation issues, it also applies to open houses.
First of, the FSBO property needs to be located in an area where open houses work. El born area tends to be in city, town and suburbs in which the housing market is hot. Holding an open house usually works well in which the following circumstances exist:
1. There?s a good population base,
2. The home for sale can easily be seen with a lot of people,
3. There are other buyers than sellers, and
4. Properties sell rather fast in the area.
Rural areas and areas by which sales are slow don?t generally work very well. Perhaps worse, the FSBO seller can become easily disillusioned with low turnouts. In case your home is in one of those areas, you?re probably better off listing it on the Internet.
An open house is a great tool for FSBOs residing in a suitable location. Are you one of them
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Source: http://www.szicif.com/2011/09/18/open-houses-for-fsbo-sellers/
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