Wed, 10 Aug 2022 | Open houses
As demand continues to dramatically outweigh supply, it’s the perfect marketplace for an open house.
Here at Prospect, we love using open houses to manage the huge levels of competition between buyers and successfully secure the best price for your property. In fact, we have had record-breaking results from some of our most successful open houses!
What is a Prospect open house?
A Prospect open house involves a day of viewings from interested buyers who have prebooked a slot to view your property. When you decide to sell with an open house, we will market your open house on the property listing on Rightmove and on our website, as well as notifying our database of buyers that an open house is coming up on a property they might be interested in.
All buyers must be registered with us and have prebooked a slot before attending the open house – so you can rest-assured that your home is in safe hands.
Here’s why you should sell with a Prospect open house…
Builds a buzz around your property
After announcing an upcoming open house or launch day, we get increased interest from buyers. This is because open houses create a buzz around your property; they signify that there is something special about your home, and buyers won’t want to miss out on that.
Better prices achieved
Open houses give buyers a chance to see just how much competition they have for a property. This in turn leads many buyers to make higher offers as they compete to secure the home.
A great example of this is Home Farm Close, a Reading property which had 80 viewings in one day at one of our open houses. The property achieved 42 offers and was sold for 111% of asking price – all due to a well-timed open house!
All viewings in one day
The beauty of an open house is that it allows you to get the majority of viewings completed in one day. This gives you plenty of time to prepare, so you don’t need to worry about frantically tidying the house for a last minute viewing! It also minimises the amount of cleaning and tidying you need to do as it is only one day full of viewings, rather than several viewings over multiple days. Less time running round with the hoover, more time weighing up fantastic offers!
Review all buyers at once
The other great thing about having all viewings in one day is that all your offers will come in at once, so you can compare buyers and their offers with ease. Without an open house, offers will most likely come in at different times, leaving you unsure as to whether to hold out for a better offer or accept the first that you receive.
Quicker sale
The increase in buyer competition, opportunity to get all viewings completed in one day, and ability to review all buyers and offers at once will dramatically speed up your sale, putting you in an excellent position to start looking for your next property!
Ready to sell your home with a Prospect open house? Book a valuation with us today and find out how much could be achieved for your property.