Why I Don’t Believe Open Houses Are A Good Idea
As a seller, I think you also need to consider very carefully if you want an Open House. Many people think visits during such an event are equal to showings but they are not at all. What they are is an invitation to every stranger out there that says, “Hey, come on in and look around.”
You and we have no idea if they are qualified buyers, nosy neighbours or potential thieves casing your home. Just this month, we received a notice from our real estate board that reads,
over $5,000 of possessions were stolen from an open house in Collingwood on Saturday between 1:00-3:00 p.m. The OPP has been advised.
If a buyer is truly serious about buying a home, they will arrange a private showing with their agent to have a good look around and get professional advice. Yes, they might come to an open house too but if there isn’t one, they will still arrange to see your home if they are serious.
My sellers are all provided with a list of security precautions they should take when they list their homes for sale with me. While 99.9% of the time we have no problems, there is always that chance as we saw last week and so, I want to ensure my clients interests and homes are always protected.