Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

Weekend Guide to Memphis November 15-17

by Melissa Thompson

11/15-11/17 Weekend Newsletter
 
Thank you to I Love Memphis for all the amazing weekend suggestions!
 
Your Weekend Guide to Memphis

All Things Puppy 

The Children’s Museum of Memphis is giving you a reason to celebrate the wonderful aspects of owning or being around dogs: they reduce stress, lessen anxiety and depression, ease loneliness, and increase playfulness.
Read more...

 

A Little Extra Flare 

Experience The Classic NutCracker like never before with a lot of Memphis flare set on Beale Street. Nut Remix creates a magical world of movement and music you'll never forget! 
Read more...

 

Spread Holiday Cheer  

Join Barnes and Noble to bring a little joy to a child by donating your favorite childhood book this holiday season.
 Read more...

 

A Musical Experience  

Don Lifted transforms the Crosstown Arts Green Room visually and sonically with a performance featuring sculptural video installations and music from his recently released albums Alero and Contour, featuring special guests Blueshift Ensemble.
Read more...

 
Open Houses
November 17, 2019 2:00pm - 4:00pm 9639 Spring Loop Drive
Germantown,TN 38139

Beds: 4
Bath: 3 1/2 
 
Not interested in our weekend guide? No worries, just unsubscribe here.

 
 
Facebook
Facebook
Twitter
Twitter
Pinterest
Pinterest
LinkedIn
LinkedIn
Email
Email
Website
Website
Copyright © 2014 Crye Leike Realtors, All rights reserved.


 





 
This email was sent to *|EMAIL|*
why did I get this?    unsubscribe from this list    update subscription preferences
*|LIST:ADDRESSLINE|*
 

Holding an Open House - Worth it or Not?

by Melissa Thompson

Home owners and Realtors often debate whether having an open house is beneficial or not.  Some sellers will insist that having an open house is the best way to sell their home, while others will want nothing to do with having potential buyers traipse through their home.  Real estate professionals have different views on this topic as well.  Some swear by open houses and feel they are critical to sales, while others never hold them and some just have them occasionally.

So, the question remains…if you are selling your home, should you hold an open house?  Here is a list of pros and cons to help you make that decision:

Pros to holding an open house:

  • Attract buyers who may not know how to start the home buying process. Purchasing a home is a process that many people are not familiar with, especially first-time home buyers. People new to home buying will need a significant amount of guidance and advice.  A positive that may result from having an open house is the possibility of a buyer who doesn’t know where to start coming to see your home.  You may also get the attention of potential buyers who just happen to drive by and see the sign for the open house. 
  • Additional exposure.  One of the most important jobs of a  Realtor representing sellers, is making sure their clients’ home is getting ample exposure.  Open houses can give extra exposure through promotional advertising such as street signs, newspaper ads and internet ads.
  • Allows buyers to look at house without feeling pressured.   With the laid-back atmosphere of an open house, prospective buyers will feel more comfortable looking around with little to no pressure from the Realtor or seller.  An interested buyer might want time to analyze the home in detail without someone looking over their shoulder.  It also provides the buyer time to look at specific details of the home that will help them decide if it is the right house for them.

Cons to holding an open house:

  • Slim chance of a sale.  The truth is that a very small percentage of homes sell as a direct result of an open house.  Honestly, the person that benefits most is the Realtor.  Open houses provide the Realtor with potential clients.  Private showings of your home are much more likely to result in a buyer than open houses.
  • Unqualified buyers.  One of the first steps in the home buying process is obtaining a Mortgage Pre-Approval .  Getting a mortgage pre-approval is essential for knowing what you can afford when buying a home.  At an open house, you may find many people walking through your home who can’t afford it.  It is a waste of time for you and your realtor to have people looking at your home when they cannot afford to possibly purchase it.
  • Nosy neighbors and “Looky Loos”. Open houses often attract inquisitive neighbors who simply want to see your house and compare it to their own.  They also might just want to see how you have your home decorated.  “Looky loos” are people who go to open houses with no intention of buying a home.  They just like to look!

The pros and cons of having an open house should be carefully considered before deciding whether to have one. With today’s technology and social media, there are a lot of other ways for people to see your home, but with the right Realtor holding the open house, it can still be the best way to impress potential buyers.

If you’re thinking about putting your home on the market, contact Melissa Thompson and let her explain how an open house can be beneficial for you.  Call her today at (901) 729-9526 or (901) 756-8900.

Photo Credit:sehatcoy.com

Open Houses, Sunday June 25 from 2-4!

by Melissa Thompson

Come join us for our Open Houses this Sunday, June 25, from 2:00-4:00!

1284 Purple Mountain Cove, Collierville, TN 38017

 

12289 Cascabel Lane, Collierville, TN 38017

Open Houses, Sunday June 4 from 2-4

by Melissa Thompson

Open Houses

Sunday, June 4 from 2:00 - 4:00

1321 Riverdale Road, Germantown, TN 38138

1617 Preakness Run Lane, Collierville, TN 38017

5315 Spruce View Way, Lakeland, TN 38002

 

 

Displaying blog entries 1-4 of 4

Syndication

Categories

Archives