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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382 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
335Days
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...
535 Fairfield Dr
Louisville, KY 40206
Open House
535 Fairfield Dr Louisville, KY 40206
1 of 40
$1,250,000
Subdivision: Cherokee Gardens
BEDS
5
BATHS
6
SQ.FT.
5,309
BUILT
1939
ON SITE
42Days
MLS
1516571
OPEN HOUSE SUNDAY 2-4 P.M. This classic 3 story home sits on one of the prettiest streets in the highly sought after Estates section of Cherokee Gardens. Bright and inviting, the eat in kitchen is...
3340 Green Hill Ln
Louisville, KY 40207
Open House
3340 Green Hill Ln Louisville, KY 40207
1 of 33
$1,200,000
Subdivision: Mockingbird Valley
BEDS
4
BATHS
4
SQ.FT.
5,273
BUILT
1953
ON SITE
4Days
MLS
1519422
1st showing Saturday, Nov. 17 at open house luncheon from 11:30-1:30. Gracious and elegant Jeffersonian brick and clapboard story and a half on picturesque lot in Mockingbird Valley. Superb...
5212 Spring Mist Ct
Prospect, KY 40059
Open House
5212 Spring Mist Ct Prospect, KY 40059
1 of 49
$1,168,125 ( $216,875 )
Subdivision: Spring Farm Lake
BEDS
6
BATHS
7
SQ.FT.
7,561
BUILT
2016
ON SITE
102Days
MLS
1511318
OPEN HOUSE THIS SUNDAY, NOVEMBER 18TH FROM 2-4 PM! This distinguished custom home presents an amazing opportunity to reside in like-new construction at the end of a quiet cul-de-sac with an...
2700 Little Hills Ln
Louisville, KY 40223
Open House
2700 Little Hills Ln Louisville, KY 40223
1 of 50
$895,000 ( $94,000 )
Subdivision: Olde Surveyors Spring
BEDS
4
BATHS
6
SQ.FT.
5,589
BUILT
1979
ON SITE
227Days
MLS
1499839
Charming English Manor Estate on 5 wooded acres in Anchorage. Beautiful views are experienced throughout every room of this home. The well-appointed kitchen opens to both comfortably sized living...
1755 Cherokee Terrace
Louisville, KY 40205
Open House
1755 Cherokee Terrace Louisville, KY 40205
1 of 42
$834,000
Subdivision: Bonnycastle
BEDS
4
BATHS
5
SQ.FT.
4,085
BUILT
1913
ON SITE
20Days
MLS
1518253
Located on a secluded, winding lane between Casselberry Rd and Spring Dr, this 4 bedroom, 4 1/2 bath home is just a stone's throw from Cherokee Park. Lovingly updated, original hardwood and trim...
7404 Pine Knoll Cir
Prospect, KY 40059
Open House
7404 Pine Knoll Cir Prospect, KY 40059
1 of 59
$825,000 ( $24,000 )
Subdivision: Estates Of Hunting Creek
BEDS
5
BATHS
7
SQ.FT.
5,926
BUILT
1999
ON SITE
79Days
MLS
1513502
Welcome to this nearly 6000 square foot, custom built, one-owner, executive style home located in the Estates of Hunting Creek. Quick possession is an option. This home has been meticulously...
1302 Cherokee Rd
Louisville, KY 40204
Open House
1302 Cherokee Rd Louisville, KY 40204
1 of 54
$824,900
Subdivision: Cherokee Triangle
BEDS
4
BATHS
4
SQ.FT.
4,282
BUILT
1900
ON SITE
2Days
MLS
1519579
You will not want to miss the unique opportunity to own this beautiful home in the Historic Cherokee Triangle that has been fully updated but retains much of the character and charm of 1900. You...
905 Rugby Pl
Louisville, KY 40222
Open House
905 Rugby Pl Louisville, KY 40222
1 of 51
$799,900 ( $99,100 )
Subdivision: Hurstbourne
BEDS
5
BATHS
5
SQ.FT.
6,112
BUILT
1977
ON SITE
131Days
MLS
1508574
Located in the Estate Section of Hurstbourne, one of Louisville's premier neighborhoods this updated Karzan built home boasts a 2 story foyer and flanked by formal Living and Dining Rooms with a...
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
202Days
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...
15407 Crystal Springs Way
Louisville, KY 40245
Open House
15407 Crystal Springs Way Louisville, KY 40245
1 of 50
$749,900
Subdivision: Lake Forest
BEDS
5
BATHS
5
SQ.FT.
5,633
BUILT
2005
ON SITE
52Days
MLS
1515772
Priced reduced! Located on the second fairway of the famed Arnold Palmer Golf Course, this expansive walkout ranch defines elegance. An inviting, two-story foyer illuminates the grandeur of this...
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
159Days
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...

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