Back to: February 2020


Is an Open House Worth the Effort?
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Open houses require a lot of preparation and are inconvenient to the home occupants and the selling agent. Many agents now refuse to hold open houses, considering them a waste of time and a security threat. And many sellers prefer to open their doors to serious buyers only.

Holding an open house might help you sell your home, but it is not the most important factor to consider. An open house is usually not the major marketing tool that agents rely on when they are trying to sell a property.

Many real estate agents believe that open houses serve more to attract semi-interested prospects rather than serious buyers. Agents admit that few sales traditionally come from open houses. As well, the Internet is also making open houses even less valuable.

But there are agents and homeowners who view open houses as an effective marketing tool that does help with sales.

So is an open house worth the effort?

There are times when an open house is not practical at all, such as if a house is off the beaten path, or in a gated community. Likewise, it might be best to avoid an open house on a shabby listing or one that requires a lot of work. It probably won't get much traffic, and agents will be reluctant to have their name advertised heavily in association with it.

However, an open house can be a valuable opportunity to get feedback about what is and isn’t attractive about a house. But it is not a good idea to hold them too often, as it can send a signal that the house is “market worn” and a tough property to sell.

On the other hand, in a hot seller's market where houses are selling rapidly, there is no need for an open house. If the MLS listing and posting pictures on the internet are already generating enough traffic to help you sell your house an open house is also no longer necessary.

The development of internet listings and other online real estate information is quickly making open houses more of an option, rather than a requirement for selling a home.

Many agents believe that an open house is only worth having if it's done properly and this includes sprucing up the house and its landscaping and advertising it well in advance.

If you’re planning an open house:

  • Clean like crazy beforehand, preferably with good-smelling organic cleaners that won’t upset anyone’s allergies.
  • Clear out the clutter, pets, toys and even extra cars from the garage.
  • Drawback the drapes, clean the windows and remove the screens so the most light shines in.
  • Mow the lawn, trim the hedges and put some blooming flowers in pots by the doorway.

To increase traffic, try some unusual marketing strategies, like holding your open house during rush hour, or coordinating your open house with others in the neighbourhood.

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With Compliments of

Michele Vyge-Fraser
Real Estate Agent/ Associate Broker/ CNE®


Red Door Realty
1314 Martello Road
Chapter House
Halifax, Nova Scotia,
T: 902-830-6397
NovaScotiaRealEstate@gmail.com
www.RedDoorRealty.ca

Hello,
I hope this newsletter finds you healthy, safe and hopeful. What a world we are living in right now. Remarkable in the way that the actual earth is in a state of extraordinary renewal, and stunning in the way that Covid19 has mobilized every aspect of our lives in such an unimaginably short period time. Our life balance, our priorities, our goals and our plans have been shifted drastically. Our values, our ethics and our basic understanding of the circle of life is being challenged in ways only experienced by people who have lived through wars, famine and turmoil. Over the years I have heard survival stories of courage and of eternal gratitude that always seem to be rooted in memories of nurtured kindness, support and of love for and from each other, from family, from friends and from total strangers. Lessons for today for sure.

I am grateful to be living in Nova Scotia. I am grateful for family, for friends and clients and for acquaintances and strangers alike. I am grateful that we all have homes to keep us safe. I am grateful to everyone, to many of you receiving this newsletter, who are working essential services who are supporting us through these extraordinary times. Thank you! I am grateful for the courage, for the selfless service and for the amazing kindness. Humanity can be and is so beautiful. I am truly grateful for all of our blessings.

Please stay safe, please stay healthy, please stay well.

With Sincere Gratitude,
Michele



NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: Feb 18,2020


www.RedDoorRealty.ca

Halifax Mortgage Specialist Bruce Lusby 

(902) 210-0515

http://mortgageweb.ca/BruceLusby

Halifax, Nova Scotia - updated Oct 6, 2015

Variable:

5yr @ Prime - .65% (2.05%)

HELOC @ Prime +.25% (2.95%)

Fixed:
1yr 2.29%
2yr 2.09%
3yr 2.24%
4yr 2.54%
5yr 2.54%
6yr 3.39%
7yr 3.44%
10yr 3.84%

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