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.

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73 Properties
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Open 5/21
8907 Butterweed Ct Prospect, KY 40059
$1,195,000
Neighborhood: Norton Commons
5
Beds
4F11/2
Baths
4,029
Sq.Ft.
2015
Year Built
18
Days on Site
1611258
MLS
Private court location. First Floor primary. Spacious. Immaculate home in highly sought-after NORTON COMMONS. Welcome to 8907 BUTTERWEED CT! This beautiful 5 bedroom, 4.5 bathroom home has so much...
Open 5/22
2105 Twin Hill Rd Louisville, KY 40207
$1,150,000
Neighborhood: Riverwood
5
Beds
4F11/2
Baths
6,528
Sq.Ft.
2003
Year Built
21
Days on Site
1611011
MLS
Gorgeous spacious brick house in wonderful condition in sought after Riverwood just minutes from downtown!! Stunning living room with vaulted ceiling & fireplace! 1st floor primary bedroom with huge...
Open 5/22
303 Kirkwood Glen Cir Louisville, KY 40207
$855,000
Neighborhood: Kirkwood Glen
3
Beds
2F11/2
Baths
4,171
Sq.Ft.
2011
Year Built
3
Days on Site
1612350
MLS
Welcome to Kirkwood Glen. Custom built with one owner. An airy, open floor plan will be a favorite gathering spot for friends and family. Vaulted ceilings, hardwood floors and beautiful light...
Open 5/21
8703 Stockport Rd Louisville, KY 40222
$839,000
Neighborhood: Oxmoor Woods
4
Beds
2F21/2
Baths
4,951
Sq.Ft.
1983
Year Built
4
Days on Site
1612334
MLS
Photos Coming! Executive home! Totally renovated to perfection! Grand entry with turn stairs, Living room-office opens to Vaulted great room , builtin bookcases, floor to ceiling stone fireplace,...
Open 5/22
6419 Passionflower Dr Prospect, KY 40059
$824,500
Neighborhood: Norton Commons
5
Beds
5
Baths
3,530
Sq.Ft.
2019
Year Built
50
Days on Site
1608783
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Don't miss this rare opportunity in Norton Commons to find this gorgeous exceptionally designed Home which has an incredible floor plan with too many upgrades to mention! The first floor features a...
Open 5/21
3720 Crocus Ln Louisville, KY 40207
$750,000
Neighborhood: Rolling Fields
3
Beds
3
Baths
3,588
Sq.Ft.
1954
Year Built
9
Days on Site
1611893
MLS
Surprisingly big home-- +3,000' including the walkout lower-level bedrooms that open to a private park-like 3/4 acre yard. The Professional Chef's kitchen, hearth room with fireplace and bar area...
Open 5/22
1705 Windsor Pl Louisville, KY 40204
$749,900
Neighborhood: Highlands
4
Beds
2F21/2
Baths
4,143
Sq.Ft.
1914
Year Built
3
Days on Site
1611386
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Circa 1914, this inviting arts and crafts bungalow is a treasure trove of architectural detail and artistry. Originally designed by Joseph & Joseph, this home has an intriguing history with a cast of...
Open 5/22
89 Persimmon Ridge Dr Louisville, KY 40245
$725,000
Neighborhood: Persimmon Ridge
4
Beds
4F11/2
Baths
5,520
Sq.Ft.
2014
Year Built
18
Days on Site
1611213
MLS
Gorgeous home on the golf course in the highly desirable Persimmon Ridge neighborhood! As you step through the front door into the foyer, you are greeted by beautiful hardwood floors that lead into...
Open 5/22
110 E Brashear Ave Bardstown, KY 40004
3
Beds
2F11/2
Baths
2,760
Sq.Ft.
1800
Year Built
22
Days on Site
1610837
MLS
Originally known as the ''Bard House'' and is listed on the National Historic Register Landmark. This is one of the original homes in Bardstown. Home has been completely updated and remodeled....
Open 5/22
1800 Windsor Pl Louisville, KY 40204
$695,000
Neighborhood: Highlands
5
Beds
2F21/2
Baths
2,883
Sq.Ft.
1905
Year Built
21
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1611078
MLS
This beautiful home is in the heart of the Highlands! 1800 WINDSOR PLACE, with its wide, tree-lined street is conveniently located near Tyler and Cherokee Parks, eclectic shops, wonderful restaurants...
Open 5/22
2612 Flat Rock Rd Louisville, KY 40245
$695,000
Neighborhood: Hermitage Ridge
4
Beds
3F11/2
Baths
5,985
Sq.Ft.
1994
Year Built
4
Days on Site
1612301
MLS
Looking for a value in this crazy market? Tired of cookie-cutter, same old same old boring floor plans? Looking for a beautiful park-like setting to call home? Interested in a home which features an...
Open 5/22
301 S Horseshoe Bend Blvd Leavenworth, IN 47137
4
Beds
4
Baths
3,435
Sq.Ft.
2008
Year Built
39
Days on Site
1609525
MLS
This Custom Built, One Owner Riverview home is nestled in a peaceful setting overlooking the mighty Ohio River! Enjoy panoramic river views from almost every room! This custom 4 bedroom 3-1/2 Bath...

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