Like many businesses, real estate experiences highs and lows, sellers' markets and buyers' markets. When the inventory of available homes for sale is modest but demand for them is high, sellers are often left with several attractive offers on the table.
Historically, the spring and summer months are the best time of the year to sell a home as home values rise during these peak months. In the fall, the real estate market tends to level off and prices remain steady.
The open house is an enormously fruitful technique in terms of generating interest in a home for sale. With advances in image creation and transmission technology, virtual tours are popular and becoming more so.
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Most home sellers do not have the luxury of selling under optimal market conditions. When the time comes to sell, they list the house and make the best of it.
It is nice to have the luxury of time when selling a house. Owners can be more selective with the offers they consider. However, most people are under some pressure to convey the property within a relatively limited time frame.
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Open houses are a staple of real estate marketing. There are certain times that live experience bests online viewing and a physically present tour of a house is among them.
The hefty investment that it is, a house should yield a healthy return at re-sale. Yet such a gain should never be simply assumed.