Pros and Cons of Holding Open Houses in the Louisville, KY Real Estate Market

Pros and Cons of Holding Open Houses in the Louisville, KY Real Estate Market

If you currently have your home listed on the market, you have probably wondered about the importance of holding an Open House. Will my house sell quicker if we hold an Open House? Does everyone do it? What if we don’t really want to have an Open House? These valuable questions are all part of the thought process when selling your home. Ideally, you have a Realtor who has discussed the pros and cons with you. A knowledgeable Realtor can offer their insight as to why or why not an Open House is necessary.

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Here at the Louisville Real Estate Pros office, we have quite a bit of personal experience in the home selling process. Whether you are a first time home seller or you are familiar with the process, we have the knowledge and current market research to back up our view on why an Open House may or may not be beneficial for your specific home for sale.

Selling your Louisville home? It might be worth more than you think!

Pros of Holding a Louisville Open House

An Open House can give your home for sale a lot of extra exposure. Think about the marketing involved just when listing your home. An experienced Agent will market your home within their own office or area. They will create online articles or blog posts to market your listing online. (Nowadays, many buyers start their search on the internet before getting in touch with a Realtor.) A knowledgeable Agent will place a sign in a visible section of your property and possibly at busy intersections nearby. They will continue to reach out to potential buyers in your market until your home is sold. Likewise, the same types of marketing happen when you hold an Open House. Newspaper ads can be placed. The time and location of your Open House will be shared online across various Real Estate companies. There may even be Open House signs placed near your home to grab the attention of those passing by. An Open House certainly offers an extra boost of exposure across all the types of Real Estate marketing. 

An Open House offers a no pressure situation to buyers. When someone is just beginning the home buying process for the first time, they may have no idea where to start. An Open House provides these beginning buyers with a way to get a feel for what type of property they are looking for. The period available for potential buyers to walk through your home gives them plenty of time to discuss what they may like or dislike. It’s a true no pressure situation.

An Open House may push an already interested buyer to make an offer on your home for sale. Some active buyers use Open Houses to walk through properties that they have already seen during a private showing. Maybe they visited your property early during their home search, or maybe they were on the fence initially. If a buyer is interested in your home and sees a large number of other buyers also viewing your property, they may be driven to make an offer. Buyer competition is a great thing for a seller; competition can lead to multiple offers. That is definitely a win for a home seller.

Cons of Holding a Louisville Open House

Pros and Cons of Holding Open Houses in the Louisville, KY Real Estate Market

An Open House will bring in a lot of unqualified buyers. Whether it’s a potential buyer who has not yet received a mortgage pre-approval or just a neighbor who wants to see your recent renovations, Open Houses frequently drawn in people who most likely will not be buying your property. So although there could be a high level of traffic walking through your home, it doesn’t necessarily mean that many people are interested in buying.

An Open House is not statistically proven to lead to a direct sale of your home. It is pretty rare that a buyer, who views your home for the first time at your Open House, will in turn make an offer. Most buyers choose to work with a knowledgeable Realtor. If your home meets the buyer’s requirements, their Realtor has probably already shown your home’s details to them. If someone is serious about your property, they will schedule a private showing.

Some Final Thoughts on the Pros and Cons of Open Houses

• Each home for sale is different than the next. Your Realtor may suggest an Open House if it will help gain the exposure your home needs. Location, number of days on the market, and overall number of showings are all factors that play into your Realtor’s suggestions.

• If you are beginning the process of listing your home for sale, ask your Realtor about their view of holding Open Houses up front. Whether or not you decide to hold one, the decision should be a part of your plan from the start. With an experienced Realtor, a solid game plan, and up-to-date marketing tools, selling your home doesn’t need to be a lengthy process.

• If your Realtor suggests skipping the Open House, be sure to discuss other marketing options with them. They should be able to offer you a tried-and-true marketing plan; it should be a plan that has proven its worth. Ask for statistics. A Realtor that has real experience in your specific Real Estate market should be able to provide you with their past successes. Don’t be afraid to interview your Realtor to be sure they are the right fit for the job.

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Do you have more questions about what it takes to sell your Louisville home? Pam Ruckriegel with Louisville Real Estate Pros at Keller Williams Realty Louisville East has the Real Estate experience you are looking for. Contact her today! 502-435-5524.

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98 Properties Found. Showing 1-12
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6600 Seminary Woods Pl
Louisville, KY 40241
Open House
6600 Seminary Woods Pl Louisville, KY 40241
1 of 69
$1,488,250
Subdivision: The George
BEDS
4
BATHS
4
SQ.FT.
6,023
BUILT
2008
ON SITE
280Days
MLS
1492548
THIS PRICE IS FOR THE SHELL. (Cost for the construction of the unit will be added or you have the option to work with your own builder after purchase.) The George is Louisville's premier destination...
6600 Seminary Woods Pl
Louisville, KY 40241
Open House
6600 Seminary Woods Pl Louisville, KY 40241
1 of 100
$1,097,500
Subdivision: The George
BEDS
3
BATHS
4
SQ.FT.
3,982
BUILT
2008
ON SITE
112Days
MLS
1505247
The George is Louisville's premier destination for luxury living. It is ideally located in the heart of Glenview, directly off U.S. Highway 42 ,with direct access to I-264 and I-265 and just minutes...
11316 Bodley Dr
Louisville, KY 40223
Open House
11316 Bodley Dr Louisville, KY 40223
1 of 47
$999,200 ( $150,800 )
Subdivision: Nutwood
BEDS
5
BATHS
7
SQ.FT.
8,835
BUILT
2001
ON SITE
167Days
MLS
1500268
Custom-built, one owner home situated on wooded five acres in Nutwood subdivision. Completely surrounded by a green landscape, this home offers abundant privacy. Upon entering, bright and welcoming...
222 E Witherspoon St
Louisville, KY 40202
Open House
222 E Witherspoon St Louisville, KY 40202
1 of 31
$819,900
Subdivision: Waterfront Park Place
BEDS
3
BATHS
3
SQ.FT.
3,121
BUILT
2006
ON SITE
11Days
MLS
1514557
Great value under assessment, priced to sell! Absolutely splendid condo with top quality finishes, professional design, amazing views and superb 15th floor location! Extremely open floor plan that...
6600 Seminary Woods Pl
Louisville, KY 40241
Open House
6600 Seminary Woods Pl Louisville, KY 40241
1 of 59
$784,760
Subdivision: The George
BEDS
3
BATHS
3
SQ.FT.
4,282
BUILT
2008
ON SITE
147Days
MLS
1502128
THIS PRICE IS FOR THE SHELL. (Cost for the construction of the unit will be added or you have the option to work with your own builder after purchase.) The George is Louisville's premier destination...
14904 Landmark Dr
Louisville, KY 40245
Open House
14904 Landmark Dr Louisville, KY 40245
1 of 69
$779,900
Subdivision: Lake Forest Estates
BEDS
5
BATHS
6
SQ.FT.
6,512
BUILT
1999
ON SITE
3Days
MLS
1515257
This immaculate home is Located in the prestigious and highly sought after, The Estates Section of Lake Forest. Neighbor hood activities, playgrounds, swimming pools, close to the expressway,...
222 E Witherspoon St
Louisville, KY 40202
Open House
222 E Witherspoon St Louisville, KY 40202
1 of 50
$775,000
Subdivision: Waterfront Park Place
BEDS
2
BATHS
2
SQ.FT.
2,198
BUILT
2004
ON SITE
32Days
MLS
1512774
A light filled home in the sky with unmatched panoramic views of the city and riverfront. A contemporary masterpiece blending traditional designs with modern accents. This sun filled condominium...
1424 Mockingbird Valley Grn
Louisville, KY 40207
Open House
1424 Mockingbird Valley Grn Louisville, KY 40207
1 of 55
$749,000
Subdivision: Mockingbird Valley Green
BEDS
4
BATHS
4
SQ.FT.
4,888
BUILT
2000
ON SITE
1Day
MLS
1515345
This exclusive Penny Love built luxury home offers classic tradition yet a hint of Mediterranean design that she calls ''warm and timeless.'' The home is in the prestigious, private and conveniently...
6600 Seminary Woods Pl
Louisville, KY 40241
Open House
6600 Seminary Woods Pl Louisville, KY 40241
1 of 73
$739,000
Subdivision: The George
BEDS
2
BATHS
2
SQ.FT.
2,581
BUILT
2008
ON SITE
104Days
MLS
1506148
The George is Louisville's premier destination for luxury living. It is ideally located in the heart of Glenview, directly off U.S. Highway 42 ,with direct access to I-264 and I-265 and just minutes...
3311 Hidden Lake Ct
Fisherville, KY 40023
Open House
3311 Hidden Lake Ct Fisherville, KY 40023
1 of 51
$679,000 ( $20,000 )
Subdivision: Fisherville Woods
BEDS
4
BATHS
3
SQ.FT.
4,452
BUILT
2003
ON SITE
49Days
MLS
1511175
OPEN SUN 9-30-18, 2-4. Beautifully built home in a gorgeous, private setting located in popular Fisherville Woods, close to The Parklands. From the welcoming, circular drive and rocking chair front...
6600 Seminary Woods Pl
Louisville, KY 40241
Open House
6600 Seminary Woods Pl Louisville, KY 40241
1 of 71
$677,540 ( $35,660 )
Subdivision: The George
BEDS
3
BATHS
3
SQ.FT.
3,566
BUILT
2008
ON SITE
315Days
MLS
1490662
THIS PRICE IS FOR THE SHELL. (Cost for the construction of the unit will be added or you have the option to work with your own builder after purchase.) The George is Louisville's premier destination...
2800 Circlewood Ct
Louisville, KY 40206
Open House
2800 Circlewood Ct Louisville, KY 40206
1 of 55
$629,000 ( $20,000 )
Subdivision: Cherokee Gardens
BEDS
4
BATHS
4
SQ.FT.
4,365
BUILT
1973
ON SITE
84Days
MLS
1507827
This gorgeous Cherokee Gardens walk-out on a secluded culdesac is a rare opportunity and priced to sell! Huge gourmet kitchen with solid cherry cabinets, top of the line appliances included, open to...

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