Open Houses for FSBO Sellers | careartsandreligion.org

Open Houses for FSBO Sellers

The first requirement in finding a buyer for a home is to make sure the pool of audience know it is on the market. For FSBO sellers, holding an open house can help to tell others to buyers.

Open Houses

Open houses work well at helping sell real estate in many parts of the country. Real estate agents use open houses constantly to create interest in homes [and get new clients]. Should FSBO sellers (those who are selling their own homes) also employ open houses to create buyer interest Yes, with one caveat.

Location, Location, Location

The clich ?location, location, location? applies to more than one aspect of property. Not only does it address appreciation issues, it also applies to open houses.

First of all, the FSBO property must be located in an area where open houses work. This area tends to be in city, town and suburbs in which the housing market is hot. Holding an open house usually works well where the following circumstances exist:

1. There is a good population base,

2. The house 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 region.

Rural areas and areas by which sales are slow don?t generally work very well. Perhaps worse, the FSBO seller may become easily disillusioned with low turnouts. If your home is in one of these areas, you?re probably better off listing it on the Internet.

An open house is a great tool for FSBOs living in a suitable location. Have you been one of them

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Source: http://www.careartsandreligion.org/2011/09/18/open-houses-for-fsbo-sellers/

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