The Downside to an Open Houses for Boston North End Condo
Here are my reasons why I think the tradition of Boston condo for sale Open Houses don’t work.
Open houses don’t attract serious Boston condo buyers.
They may draw curious Boston North End neighbors and casual browsers, but they rarely attract a serious prospective Boston condo for sale buyers. Some people attend open houses just to get ideas for their own homes or because it’s a fun thing to do on a Sunday afternoon.
Even if they are in the buying process, most open house attendees are in the earliest stages of their search. Oftentimes, they are not yet working with an agent. Typically, they haven’t received any type of financial pre-qualification—and may not even have a concept of what their budget needs to be.
There’s a risk of theft at a Boston condo for sale open house.
Literally anyone can walk in the door. While it’s disheartening to think the worst of people, an open house is an excellent opportunity for thieves to scope out your Boston North End home or to pick up some jewelry, cash, or electronics as they walk through the house.
You won’t receive honest feedback from open house traffic
Getting feedback from potential Boston North End condo buyers is a valuable part of the process. It can alert you to any simple fixes that will help your home show better. And it’s a great way to understand how the market is responding.
But you can’t expect to receive helpful feedback from open house attendees. They’re more likely to tell you what you want to hear. On the other hand, most buyers are comfortable sharing honest feedback with their agent after a private showing.
The Bottom Line on Open Houses
Open houses are a long-standing tradition in the Boston downtown condos for sale world. But the advent of the internet has really created a paradigm shift. Now prospective buyers can browse dozens of photos and gather pertinent information without leaving the sofa. Given the low percentage of successful sales, the hassle and inconvenience to you, and the risk of letting total strangers roam through you home at will, the time has passed for this tradition.