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.
22 Properties
Page 1 of 2
Open 3/7
214 Hickory Ln Bloomfield, KY 40008
4
Beds
5F11/2
Baths
5,730
Sq.Ft.
2013
Year Built
188
Days on Site
1567669
MLS
New Price! Breathtaking home and views await you at this once in a lifetime property! This home with over 5700 sq ft of finished living space sits on 86 stunning acres in Spencer Co that backs up...
Open 3/7
214 Hickory Ln Bloomfield, KY 40008
4
Beds
5F11/2
Baths
5,730
Sq.Ft.
2013
Year Built
188
Days on Site
1567670
MLS
New Price! Breathtaking home and views await you at this once in a lifetime property! This home with over 5700 sq ft of finished living space sits on 86 stunning acres in Spencer Co that backs up...
Open 3/7
2016 Fairway Vista Dr Louisville, KY 40245
$935,000
Subdivision: Lake Forest Estates
5
Beds
4F11/2
Baths
7,162
Sq.Ft.
1999
Year Built
144
Days on Site
1571397
MLS
Welcome to 2016 Fairway Vista Drive, a 5 bedroom, 4.5 bath home in the prestigious Estate section of Lake Forest overlooking the first fairway of the Lake Forest Golf Course. This fabulous home...
Open 3/7
1001 Westgate Pl Louisville, KY 40207
$698,000
Subdivision: Windy Hills
4
Beds
2F11/2
Baths
3,853
Sq.Ft.
1821
Year Built
28
Days on Site
1578419
MLS
Historic Rudy/Herr home on large lot convenient to Hubbards Ln/Westport Rd shopping area. Well maintained family home with first floor addition which includes primary bedroom, bathroom, study and...
Open 3/7
206 Blackburn Ave Louisville, KY 40206
$639,000
Subdivision: Reservoir Park
4
Beds
2F11/2
Baths
2,700
Sq.Ft.
1969
Year Built
31
Days on Site
1578316
MLS
If ''unique is what you seek'', let this Crescent Hill jewel end your search for the forever home. This property is a blend of mid-century design and modern day luxury. As it should, this property...
Open 3/7
46 Ava Brook Cir Louisville, KY 40245
$609,900
Subdivision: The Reserve At Fox Run
4
Beds
3F11/2
Baths
3,500
Sq.Ft.
2020
Year Built
40
Days on Site
1577804
MLS
Beautiful brick and stone new construction ranch home with finished basement in The Reserve at Fox Run. This 4 bedroom 3 1/2 bath home has many features: large kitchen, open great room, beautiful...
Open 3/7
1525 Edgewood Pl Louisville, KY 40205
$498,900
Subdivision: Highlands
4
Beds
3F11/2
Baths
2,670
Sq.Ft.
1925
Year Built
20
Days on Site
1578885
MLS
Lovely Renovation, steps from Cherokee Park AND Bardstown Rd. The huge front porch welcomes you to the redesigned floor plan with great flow. This house has been completely reimagined, and it is JUST...
Open 3/7
1048 Cherokee Rd #6 Louisville, KY 40204
$469,900
Subdivision: Cherokee Triangle
3
Beds
2
Baths
2,413
Sq.Ft.
1912
Year Built
229
Days on Site
1564419
MLS
OPEN HOUSE this Sunday the 7th 2-5pm!... Fabulous! Quality and attention to detail, abound throughout this One of a kind, move in ready, Cherokee Road Condo. Enjoy the advantages of this private,...
Open 3/7
71 Cypress Ridge Dr Louisville, KY 40299
$469,500
Subdivision: The Woods At Landherr
4
Beds
3
Baths
2,321
Sq.Ft.
2021
Year Built
19
Days on Site
1578935
MLS
Fabulous New Construction home in Woods at Landherr with 4 bedrooms and 3 full baths. Great open first floor layout with guest room/ inlaw suite or office on first floor. Call today and make the...
Open 3/7
927 Cherokee Rd #4D Louisville, KY 40204
$378,000
Subdivision: Cherokee Triangle
3
Beds
3
Baths
1,950
Sq.Ft.
1878
Year Built
63
Days on Site
1576432
MLS
Luxury abounds in this spacious, open plan with new windows throughout! Totally renovated, the features include a fabulous kitchen with granite counters, double ovens, warming drawer, and center...
Open 3/1
29 Snead Ct Simpsonville, KY 40067
$373,860
Subdivision: Cardinal Club
2
Beds
2
Baths
1,803
Sq.Ft.
2021
Year Built
16
Days on Site
1579080
MLS
Welcome home to the Abbeyville ! This open concept ranch floor plan is a favorite! The gorgeous kitchen has white cabinets, quartz counters, a large island, stainless Whirlpool appliances, pendent...
Open 3/7
1058 Cherokee Rd #1b Louisville, KY 40204
3
Beds
2
Baths
1,777
Sq.Ft.
1981
Year Built
98
Days on Site
1574659
MLS
Located on desirable Cherokee Road, this first floor, three bedroom, two full bath condo is beautiful. The marble entrance hall leads into the large living room with tall ceilings and shuttered...

Post a Comment