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.

Click here to view upcoming Louisville Open Houses.

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.

Click here to contact us.

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.

More questions?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
28 Properties
Page 1 of 3
Open 12/6
12207 Plantation Blvd Goshen, KY 40026
$774,900
Subdivision: Taylor Creek Woods
5
Beds
3F21/2
Baths
5,831
Sq.Ft.
1989
Year Built
61
Days on Site
1570632
MLS
STOP and LOOK no further! This is an unique, one-of-a-kind opportunity to live in a custom built, one-owner 5-bedroom home sitting on nearly 4 acres in the Award-winning North Oldham School District....
Open 12/6
966 Cherokee Rd #302 Louisville, KY 40204
$770,000
Subdivision: Inverness
3
Beds
3F11/2
Baths
3,331
Sq.Ft.
1927
Year Built
137
Days on Site
1564538
MLS
PRIVATE, SECURE, ELEGANT. An urban penthouse located in the exclusive Highlands Inverness Condominiums in the Cherokee Triangle. Totally private with high windows and a lush tree canopy, no one from...
Open 12/6
14807 Faye Meadow Ct Pewee Valley, KY 40056
$660,000
Subdivision: The Reserve At Fox Run
4
Beds
3F11/2
Baths
3,200
Sq.Ft.
2020
Year Built
167
Days on Site
1562061
MLS
Gorgeous, open and airy, brand new plan located in highly sought after, The Reserve at Fox Run. Greet your guests at the covered front porch into the generous foyer. Large chef-inspired eat-in...
Open 12/6
4209 Hidden Bluff Ct Louisville, KY 40241
$559,900
Subdivision: Sanctuary Bluff
3
Beds
2
Baths
1,881
Sq.Ft.
2020
Year Built
168
Days on Site
1561993
MLS
New construction in Sanctuary Bluff by Infinity Homes. This home offers 3 bedrooms, 2 baths, first floor laundry, office, mud room, and an attached 2 car garage. Kitchen has large center island,...
Open 12/6
17219 Shakes Creek Dr Fisherville, KY 40023
$520,000
Subdivision: Shakes Run
4
Beds
3F11/2
Baths
3,683
Sq.Ft.
2017
Year Built
47
Days on Site
1571719
MLS
You will find yourself at home when you walk into this beautiful brick home in the desirable neighborhood of Shakes Run, the location of many Homearamas! An open floor, Elite built ''Jamestown'' with...
Open 12/6
10514 Dove Chase Cir Louisville, KY 40299
$500,000
Subdivision: Sanctuary Condo
2
Beds
3
Baths
3,905
Sq.Ft.
2006
Year Built
55
Days on Site
1571050
MLS
THIS IS YOUR OPPORTUNITY TO LIVE IN THE SANCTUARY CONDO COMMUNITY. MAINTENANCE FREE LIVING AT ITS FINEST! WITH NEARLY 4000 FT OF TOTAL LIVING SPACE, THIS IS A MUST SEE HOME. HARDWOOD FLOORS ON BOTH...
Open 12/6
3613 Aspen Creek Dr Louisville, KY 40299
$459,900
Subdivision: The Woods At Landherr
4
Beds
2F11/2
Baths
2,532
Sq.Ft.
2020
Year Built
65
Days on Site
1570284
MLS
Welcome home to this BRAND NEW PLAN!! Greet your guests at your covered front porch into your inviting foyer. Great eat-in kitchen with quartz island, granite perimeter, custom cabinetry that opens...
Open 12/6
1725 Edenside Ave Louisville, KY 40204
$409,500
Subdivision: Tyler Park
4
Beds
1F21/2
Baths
2,761
Sq.Ft.
1910
Year Built
25
Days on Site
1573491
MLS
Be amazed by this grand and modern Highlands home that features 11 foot ceilings, original flooring and trim, and beautiful elegant woodwork. This home has a brand new fully renovated main bathroom...
Open 12/6
3952 Gilman Ave Louisville, KY 40207
$399,900
Subdivision: St Matthews
4
Beds
2
Baths
2,932
Sq.Ft.
1925
Year Built
15
Days on Site
1574119
MLS
Welcome to this lovingly renovated 4 bedroom 2 bath home in highly desirable St Matthews. The beautifully updated kitchen has quartz counters, new appliances, and new light fixture with a ceiling fan...
Open 12/6
6009 Clearwater Cir Louisville, KY 40219
$399,000
Subdivision: Hidden Creek
5
Beds
3
Baths
2,576
Sq.Ft.
2020
Year Built
6
Days on Site
1574768
MLS
New construction ranch with walkout located on a cul-de-sac with 5 bedrooms and 3 full baths all on the first floor. Your guest will be greeted with real hardwood floors and large front foyer that...
Open 12/6
3312 Gatecreek Rd Louisville, KY 40272
$395,000
Subdivision: Bridgegate
3
Beds
3F11/2
Baths
4,834
Sq.Ft.
1992
Year Built
22
Days on Site
1573618
MLS
Welcome to a beautiful custom-built walkout ranch in the desirable Bridgegate Neighborhood. This 3 bedroom, 3.5 bathroom home offers over 4800 square feet of living space with an attached 3 car...
Open 12/5
8 Hogan Ct Simpsonville, KY 40067
$394,345
Subdivision: Cardinal Club
3
Beds
3
Baths
3,390
Sq.Ft.
2020
Year Built
17
Days on Site
1574044
MLS
This open ranch concept floor plan has a huge kitchen with quartz counters, island, bronze fixtures, pendent lights, large pantry, stainless appliances, and led lights. The spacious gathering room...

Post a Comment