Experienced Real Estate, Legal and Financial professionals can be a tremendous wealth of knowledge to anyone looking to buy or sell a house. Professionals are a resource that home buyers and home sellers alike should look to for continuous information in a constantly changing real estate landscape. See what our professionals had to say about todays ‘hot topic’…

Topic: Are Open Houses Still a Viable Option in Today’s Market?

Prospective Pros

Barbara Susman – Real Estate Agent at V & N Realty • 201-692-3700

Even in the age of social media and other web based portals available to today’s consumer, the open house remains an important tool in the sale of a home. Few things make a homeowner feel well serviced by their realtor like an open house. Although most buyers will be fully aware of the details provided online, there’s still a need to experience a home in real time. Browsing the internet may give prospective buyers available homes which they can tackle in one area, on one Sunday, with or without a realtor. And those not represented have an excellent chance of finding an agent that can guide them through the process of purchasing their home.

Michelle Wasserlauf – Real Estate Agent at Links Residential • 201-992-3600 

Most sellers believe that open houses give their home the best exposure. In reality though, open houses give agents a way of getting into a house without an appointment and allow for nosy neighbors to see ‘how the space is decorated’. Today, most buyers are using an agent and have access to the MLS listings with many pictures, virtual tours, and an opportunity to see any house on their schedule. There are ongoing discussions whether open houses are beneficial to sellers or not. Sellers should discuss with their agent what is best for the sale of their house based on location and situation. 

Susan Lowensteiner-Magot – Real Estate Agent at V & N Realty • 201-692-3700

Open Houses are very relevant today, and especially beneficial for perspective buyers.  The buyers have a definitive need to look at  houses,  and the “open house” concept enables the buyers to do just that.  Open houses provide an opportunity for all perspective buyers to increase their knowledge base, a window to  do “homework” if you will,  to educate themselves on the different aspects  and mechanics of houses on the  market within the area.   Buyers absolutely gain from the open house concept , as it continues to be a good tool for them in their decision making process, towards homeownership.

Shmuel Shayowitz – President, Approved Funding • 201-833-0123

Special thanks to Barbara, Michelle and Susan for their comments above. The debate will remain, but what’s certain is that only with the help of a skilled real estate agent will buyers and sellers be given all the resources available to them to fully expose and explore a home, and to negotiate the best price possible.

We look forward to sharing additional professional perspectives on other topics of interest.

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