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Buyers, Sellers Eagerly Await the Return of Open Houses

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Buyers, Sellers Eagerly Await the Return of Open Houses


June 3, 2020
Open house in home
By cherylvb

For all the glitz and glam of 3D and virtual home tours, buyers and sellers are aching for the return of open houses, according to a survey by the National Association of Realtors. Despite the risk of coronavirus, 65 percent of those who attended a house within the last year would do so without hesitation and nearly 60 percent of buyers and sellers consider it an essential service. Forbes reports that one of the main benefits of open houses for buyers is the real estate agent. Respondents said that though they can look at listings alone, working closely with an agent can help them shift through the properties and better understand their options. 

The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses. A majority of people, 65%, who attended an open house within the last year would do so now without hesitation, according to the report.

“The real estate industry – and our country – has endured some very challenging times for several months, but we’re seeing signs of progress and we are earnestly hoping the worst is behind us,” said NAR’s president, Vince Malta, adding: “While we celebrate homeownership month, we embrace today’s version of homeownership and the unique paths homeowners take to realize their dream. For prospective buyers, the desire to own a home remains strong and the guidance, expertise and professionalism Realtors provide is more important now than ever.”

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