Open House Tips

How to Host a Sizzling Summer Open House

According to the National Association of Realtors®, more than 40 percent of all homes sold last year were between the months of May and August. There are so many reasons why summer may be the perfect time to put your home on the market – families are trying to settle into a new place before the school year starts and buyers have their tax refunds firmly in hand. But with so many others reaching the same conclusion, how do you make your home stand out?

A well planned open house allows potential buyers to picture how life in this home would be, and in the summer people tend to be more relaxed; it’s the time of vacations and lazy days. So making your home’s open house a haven from the heat is the best way to help them visualize that this is the house is where they’ll want to spend all of their summers.

Here are a few tips to help your home’s open house stand out this summer.

Pump the A/C. It’s easy for a house to become stuffy and warm during the summer, especially with exterior doors frequently opening and closing, so make sure that you have the air conditioning running whenever you’re hosting potential buyers.  Just make sure to keep the temperature cool and inviting, not set to a deep freeze!

Curb Appeal. Your home’s curb appeal is its first impression, and the summer months can be harsh on your home’s front lawn. Unlike in winter, where fresh snow in the front yard can appear romantic and enticing to buyers, there is nothing attractive about the dry, dead lawns of summer. Water frequently or update your home’s landscaping to something grass-free.

Outdoor Living. If your home has a pool, a large deck or an outdoor kitchen, the summer months are the perfect time to highlight them.  Put some lemonade out for buyers to enjoy on the patio and keep the pool crystal clean.  Remember, however, that summer means kids are out of school, and they may be joining their parents on open house tours, so make sure that pool gates are kept locked tight for safety.

Embrace the Season. Potential buyers may be hot and thirsty when they arrive, so prepare for it. Have a cooler with ice-cold bottled water ready and waiting for them the moment they walk in the house, and have refreshing snacks, like watermelon or popsicles, available in the kitchen or on the patio. This will help home buyers picture your home as their oasis in the heat.

Following a few easy open house tips can help you quickly find the right buyer this summer.  If you are interested in selling or buying a home this summer, contact a local Realtor®.

Nationwide Open House Weekend THIS Saturday and Sunday

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If you’re in the market to buy a home, you’ll definitely want to take part in the REALTOR® Nationwide Open House Weekend on Saturday and Sunday.

REALTORS® across the Greater Louisville area and the country will be hosting open houses THIS Saturday and Sunday,  April 20-21 as part of REALTOR® Nationwide Open House Weekend.  It is designed to be a fun, convenient way to learn more about what is available in the local housing market and offer current and future potential homeowners a convenient, low pressure way to see as many homes as they wish in one weekend.  Tour open houses and ask questions of hosting REALTORS® regarding the buying and selling process and the housing market.

Take this opportunity to find the home you’ve been dreaming of!

Click here  to see a list of upcoming open houses in the Louisville area at www.LouisvilleRealtors.com.

Nationwide Open House Weekend Kicks-Off Spring Home Buying Season

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Purchasing a home is one of the most important decisions in a person’s life and deciding on a particular house comes with many options. Forty-five percent of recent buyers used open houses as a way to narrow down their choices and find their dream home. Buyers in the Greater Louisville Area will have the opportunity to do just that on April 20 and 21 as Realtors® hold open houses all weekend long as part of the Realtor® Nationwide Open House Weekend.

Spring is typically a busy season when it comes to home buying, and to kick-off the season Realtors® throughout Greater Louisville are taking part in Realtor® Nationwide Open House Weekend. This event is a great way for buyers to get an idea of what they can afford and what kinds of homes are available in the local market. It’s also a chance for sellers to market their home and attract potential buyers.

Buyers need to have a clear idea of what features are important to them and know where they are willing to compromise. That is where visiting open houses can be helpful. Also, working with a Realtor® can be a real asset. Realtors® visit hundreds of homes with buyers each year, and have a unique understanding of what buyers value in their local markets. Their expertise and knowledge can help you achieve the dream of homeownership.

So mark your calendar for April 20 & 21st, your dream home is waiting!

Click here to see a list of upcoming open houses in the Louisville area at www.LouisvilleRealtors.com under th OPEN HOUSES tab.

Nationwide Open House THIS Weekend!

The spring buying season has begun, and this year potential buyers can take advantage of plentiful inventory and record-breaking housing affordability conditions. To kick off the season and bring buyers and sellers together, the Greater Louisville Association of REALTORS is participating in Realtor® Nationwide Open House Weekend on April 28-29.

During the weekend Realtors® across the country will hold thousands of open houses from coast to coast, aiming to focus attention on the benefits of homeownership for individuals, families, communities and our nation’s economy. This event is also an opportunity for Realtors® to connect with consumers in the local community about the housing issues that matter most to them.

Realtors® will hold open houses in various neighborhoods throughout the Greater Louisville Area this weekend to provide guidance for potential buyers and answer questions about the local housing market, as well as the home buying and selling process. If you are interested in purchasing a home, visiting open houses is a great way to get an idea of what you can afford in certain neighborhoods, as well as a taste for what is on the market.”

The National Association of Realtors®’ 2011 Profile of Home Buyers and Sellers shows that 45 percent of all buyers used open houses as a source in their home search process. This figure suggests the value of open houses even in the Internet era. Women are more likely to use open houses than men, as are buyers who were not born in the U.S. or whose primary language is not English. NAR also reports that older buyers rely more on open houses than younger buyers, and buyers with higher incomes are also more likely to visit open houses.

Realtors visit hundreds – if not thousands – of homes with buyers each year, and have a unique understanding of what buyers can afford in our local market. Homeownership helps builds financial security over the long term. It’s an investment in your future, as well as the future generations to come.

NAR also recently reported that more renters than ever aspire to become homeowners and an overwhelming majority of Americans believe buying a home is a solid financial decision. Homeownership is even more attractive now with housing affordability conditions reaching their highest level since recordkeeping began in 1970. The housing affordability index, which is based on the relationship between the median home price, median family income and the average mortgage interest rate, reached 206.1 in January, the first time the index broke the two hundred mark. The higher the index, the greater the household purchasing power. This means the typical family has roughly double the income needed to purchase a median-priced home.

The housing market may not have fully recovered yet, but it’s showing signs of improvement and for many buyers, now really is a great time to purchase a home. Buyers who are willing and able to take on the responsibilities of homeownership can begin their home search process by attending Realtor® Nationwide Open House Weekend and learn more about homeownership and local housing issues.

To search for open houses in your area, click here.

Nationwide Open House Weekend: April 28-29

If you’re in the market to buy a home, you’ll definitely want to take part in the upcoming REALTOR® Nationwide Open House Weekend.   

REALTORS® across the Greater Louisville area and the country will be hosting open houses the weekend of April 28-29 as part of REALTOR® Nationwide Open House Weekend.  The weekend is designed to be a fun, convenient way to learn more about what is available in the local housing market and offer current and future potential homeowners a convenient, low pressure way to see as many homes as they wish in one weekend. Tour open houses and ask questions of hosting REALTORS® regarding the buying and selling process and the housing market.

So mark your calendar for April 28th and 29th, your dream home is waiting!

Click here  to see a list of upcoming open houses in the Louisville area at www.LouisvilleRealtors.com.

Protecting Your Home and Wallet

It’s your biggest investment, so you better protect it! That would be your house, of course! More importantly, protect your wallet so you can protect your home. That starts with a home planning budget and includes everything from maintenance and repairs to taxes and mortgages.

In your budget, make sure you know how much you have to spend and determine your long- and short-term goals.

One of the best feelings you can have is finally owning your home, so do it sooner rather than later. Paying as little as $100 more each month on your mortgage can save you tens of thousands of dollars in the long run — not to mention you will own your home years earlier than anticipated. However, if you are saving for retirement or need the extra $100 to put toward an education savings plan, then it may not be wise to add more to your mortgage payment.

These are two beginner’s steps in creating a home financial budget. However, as novice as they may seem, they are crucial to developing the rest of your budget.

If you are unsure of how to budget for your new home, ask your local REALTOR for advice!

It’s the Little Things

Quick! What is the first thing you look for when walking into a home? A doormat in the entryway for a place to rub your shoes, of course! Before hosting strangers who are considering buying your home, spend some money on a nice doormat. It will help set the tone for their entire visit.

Another easy trick that goes a long way is making the home feel comfortable. Bake some homemade cookies or offer a pitcher of lemonade during the warm summer months. Once the weather cools, offer warm brownies or hot coffee. You never know when a snack or drink station will make someone stop to think about your home’s potential.

Stay out of the way of visitors. Leave your home when the open house is happening. Staying will keep potential buyers from asking questions about issues they are really concerned about, out of fear of being rude to you. Also, leave the tray of cookies, but take your pets with you. No one wants to walk into a home only to be spooked by a crazed dog, pet snake or hairball-coughing cat.

These easy techniques can greatly increase the perception of your home, or ruin it, depending on what you do. In some cases, visitors will sit and think on it for days, then decide it’s perfect for them. Make sure potential buyers leave with nothing but good thoughts about your home. Even if it’s not for them, you never know who they may tell.

For more great ideas to get your home sold, contact your local REALTOR!