It is up to you to decide whether you should host an open house to attract buyers for your home. The cons of the open house are discussed below.
An open house will attract inquisitive neighbors who have been longing for an opportunity to enter your home. Inquisitive neighbors will come to your home when you have an open house to poke their noses into your affairs because they are eager to find out your lifestyle, compare your home to theirs and start rumors about you. People who are idle will only want to spend their time in your home when you have an open house.
The likelihood of selling a house through open house hosting is low. The owner of the house does not have much to benefit from open house hosting but the real estate agent does because open house exposes their agent to potential clients. Private viewings increase the probability of getting a buyer, unlike open houses. Open houses are unnecessary when you need to sell your home since most serious buyers do not view the home through open houses.
The household items and your family are exposed to security threats when you house open house. Some of the people who come to your home when you host open house have the intentions of stealing from you instead of buying because they are there to serve at home and plan on how to break in. You cannot be too careful with everyone who gets inside the home when you have an open house even if you have security measures in place.
Hosting an open house will make you anxious, put pressure on you and stress you more because you will be eager to find a buyer as the activity goes on. You may find yourself losing it because of the pressure that you will be under to impress the potential buyers for the first time. When you hold an open house event repeatedly, you may come out as a desperate seller, and some of the buyers can take advantage of that to benefit themselves.
Open house is time consuming thus use other time-saving and efficient ways of getting buyers. Before you consider hosting an open house you have to improve the appearance of your home by making repairs and cleaning it up then set aside enough time like 6-8 hours for people to view the property. Post high quality and well-edited photos and videos of your home on social media, websites of real estate companies and send them to potential buyers via email. Analyze the market to set the appropriate price for your home depending on its value, season, prevailing market price, location of your home and more factors.