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Real Estate

Open Houses Benefit Buyers And Sellers

Posted: 3/15/2013

Despite the growing popularity of online resources that showcase homes for sale, there’s nothing like the direct experience of an open house
TDespite the growing popularity of online resources that showcase homes for sale, there’s nothing like the direct experience of an open house.

(NAPSI)—The next time you’re thinking about buying or selling a house, you might want to open your mind to the benefits of an open house.

What Buyers Should Do

Buyers should make the most of each open house they visit and remember to keep an open mind. Here are some tips for visiting open houses:

• Check everything in the house including appliances, the size of closets, storage areas and the views from the windows.

• Walk around the property and check such things as the brick and mortar and siding.

• Drive around the neighborhood and get a feel for the area.

• Talk to the Realtor® hosting the open house and pick his or her brain about the condition of the home, recent upgrades and the neighborhood.

What Sellers Should Do

As a seller, an open house is about putting your home’s best foot forward. Here are some tips for a successful open house:

• Declutter and clean the house.

• Replace burnt-out lightbulbs and wash the windows.

• Mow the front lawn and clean the walkway.

• Fix maintenance issues such as dings in walls or leaky faucets.

Two More Things To Consider

1. Last year, 45 percent of all buyers used an open house as a resource in their home search process, according to the National Association of Realtors® Profile of Home Buyers and Sellers. Open houses are a way for buyers to get an idea of what they can afford and what is available in their market. For sellers, it’s a chance to market the home and attract potential buyers.

2. Whether you are buying or selling, working with a Realtor® is key. Some 89 percent of buyers purchase their homes through a real estate agent. Only 9 percent of sellers sold their home without assistance from an agent.

Realtors® have invaluable insights into what sells a home and are the most trusted resource for real estate information. They know what buyers value in their local markets. They can help sellers protect their investment and buyers build theirs.

Learn More

For further facts and tips, visit www.houselogic.com/buyandsell.

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