If you are considering listing your home with a real estate agent, you may be wondering if you want to hold a periodic open house. While open houses can be a valuable selling tool, there are also potentially negative aspects. Here is a look at both the pros and cons of an open house.

Pros:

An Open House Garners Exposure

It goes without saying that if your real estate agent holds an open house when trying to sell your home, people who are looking to buy will show up. Pictures on MLS listing sheets and online can never truly show what a home is really like. A walk through is the best way to really get a feel for a property.

An Open House Allows Potential Buyers To Get Feedback

If someone who had walked through a previous an open house comes to a subsequent one with family and friends in tow, it's a good indication they are interested in your property.

An Open House Allows You To Make It Stand Out From The Rest

Chances are, your house is not the only house for sale in the neighborhood. If your real estate agent holds an open house and the competitors don't, you'll have the advantage. And even if the other homes for sale do hold open houses, making sure your home is in tip-top shape will stand out when prospective buyers compare properties.

An Open House Is Relaxing

Whether it's a new car or a new house, no one wants to feel pressured when they are making a major purchase. An open house is typically a laid-back, casual affair. People come and can look around, unhurried and without pressured to buy. Other prospective buyers are usually there as well, which means no one will feel singled out.

Cons:

An Open House Can Attract Undesirables

Whether it's your nosy neighbors or vandals casing your home, an open house means you are letting strangers into your inner sanctuary. Theft of your belongings is also a possibility homeowners need to be aware of. This can be unsettling to some homeowners, especially if they are normally private people or are extra security conscious.

An Open House May Not Result In A Sale

When the housing market is really active, competition can be tough. It's a lot of work to constantly keep your house in pristine condition day after day and prepared for the next open house. When you don't get any interest, it can be disheartening.

Each homeowner has the right to decide for themselves if they feel an open house would benefit them. When choosing a real estate agent, be sure to discuss the matter with them ahead of time to ensure you are both on the same page. A good real estate agent will respect your right to make the decision that is best for you.