Mortgages & Home Loans Real Estate Resources Selling Your Home Do Open Houses Sell Homes? What's Really Going on at an Open House By Elizabeth Weintraub Elizabeth Weintraub Facebook Twitter Elizabeth Weintraub is a nationally recognized expert in real estate, titles, and escrow. She is a licensed Realtor and broker with more than 40 years of experience in titles and escrow. Her expertise has appeared in the New York Times, Washington Post, CBS Evening News, and HGTV's House Hunters. learn about our editorial policies Updated on November 16, 2021 Reviewed by Andy Smith Reviewed by Andy Smith Andy Smith is a Certified Financial Planner (CFP), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance and real estate and has assisted thousands of clients in meeting their financial goals over his career. learn about our financial review board Fact checked by Hans Jasperson Fact checked by Hans Jasperson Hans Jasperson has over a decade of experience in public policy research, with an emphasis on workforce development, education, and economic justice. His research has been shared with members of the U.S. Congress, federal agencies, and policymakers in several states. learn about our editorial policies In This Article View All In This Article Are the Visitors Active Homebuyers? Typical Open House Guests Who Benefits From an Open House? The Bottom Line Photo: xavierarnau / Getty Images An open house doesn't hurt a home's chances of selling, but whether it's actually the pivotal factor that sells the house is debatable. It's not unthinkable to make a sale at an open house, but it may be unlikely for a few reasons. It's unlikely that the open house will draw much of a crowd unless the seller's home is located in an extremely popular neighborhood with busy streets nearby. It's possible that a buyer who cruised through might come back later to buy, but that probably would have happened even without the open house. Key Takeaways Open houses often attract more curiosity-seekers than serious buyers, folks who want to see the place but aren’t really looking to buy a home.Sometimes other real estate agents will drop in on an open house to determine whether it seems suitable for any of their own buyers.The listing agent typically gains the most from an open house, keeping their client happy and perhaps meeting potential new clients.Most open houses don’t lead directly to the sale of the home, but they may offer other benefits. Are the Visitors Active Homebuyers? Most buyers who are seriously shopping for a home are working with real estate agents. They'll contact an agent when they make the decision to buy a property, and they'll get listings from their agents as new properties come on the market. Note Real estate agents take these active homebuyers to look at homes. They get private tours. They've generally already seen the house by the time it's held open. Agents will sometimes put homes on the market with instructions that no showings will be allowed before the date of the open house, but this happens more in seller's markets—it's not the norm. Typical Open House Guests "Lookie-Loos" In some neighborhoods, the only people who go to an open house are those who live nearby. "Lookie-loos" from around the neighborhood may love checking out other people's homes, and they'll spend their afternoons doing just that. Agents hope that the neighbors will come by, so they can talk to them and find out if they're interested in selling their own homes. Some agents go to great lengths to showcase an open house. You might see colored balloons and ribbons attached to the "for sale" sign out front. The agent's personalized real estate signs are often set up at major intersections to direct traffic and to get the agent's name out there in the public eye. Some visitors might be people who are drawn in by all this. Again, many are just curious. They're not necessarily in the market to buy a home. Other Agents Agents with whom the seller didn't list might stop by to see how the agent who did get the listing has prepared the home for sale. Other agents who didn't have time during the week to see the home might stop by to introduce themselves and to check out the property to determine if it fits the criteria of any of their clients. First-Time Homebuyers Many first-time homebuyers start by touring open houses to figure out which neighborhoods they might prefer and what kind of house they might want to buy. It gives them good ideas for when they're ready—which is probably not right now. These visitors are generally on reconnaissance missions. Thieves: The Worst-Case Scenario What better way for a burglar or thief to case a home than to attend an open house? They can examine the goodies they might want to stuff into an empty pillowcase in the middle of the night, as well as look for signs of security. Tuck away certain items if you're contemplating opening your home to the public. Yes, your agent and others will be present, but they can't be in all rooms at once. Be sure to remove anything that's valuable. Warning Don't overlook things like prescription medications and any paperwork that includes your identifying information, particularly Social Security numbers. These things have a way of "wandering off" during open houses. Who Benefits From an Open House? The Agent Does Most real estate agents hold open houses for two reasons: to build the agent's own business, and to make the seller happy. Open houses are prime opportunities for agents to meet people, and their business depends on people. Visitors could be prospects for other properties somewhere down the road. Agents get the opportunity to meet future homebuyers who could become clients later. When potential buyers pop in who aren't interested in that particular home, the agent is hoping to impress them enough that perhaps they'll be willing to work with them to find and buy another property. The Bottom Line While most open houses may not lead to a sale, the National Association of Realtors cites a study showing that open houses might not be all bad news. Homes shown in open houses sell for $9,000 more on average, and they spend about a week less on the market. However, no connection has been proven between the open house event and the sales. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit Sources The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. National Association of Realtors. "Open Houses Can Still Pay Off, New Study Shows."