GUIDING HOME OWNERS, BUYERS, SELLERS & INVESTORS

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PROS AND CONS OF OPEN HOMES OR PRIVATE VIEWINGS

Open Homes

What kind of viewing is best for you?

How viewings and open homes are organised is a topic that is important to discuss with your agent before you sign an agency agreement.  

Occasionally agents and their vendors disagree so it's important to get this sorted.

Pros and cons

Open Homes are an opportunity to get buyers looking at your property all at the same time rather than one by one.

Seeing people one by one is time consuming and requires lots of rushing around to tidy up and get out of the house, often at short notice.  

Open Home NZ

However, not everyone likes Open Homes and some would prefer private viewings, so it very much depends on you, the vendor, how you wish to accommodate viewings.

Some property vendors don't like having Open Homes as it can attract nosey neighbours and unqualified buyers that waste time.  

But it can also attract buyers, so carefully weigh up the pros and cons.

Not everyone likes open homes, some would prefer a private viewing of the property. 


Have your property information pack ready to go!

To prepare for an Open Home, ensure your agent has a comprehensive information pack to hand out to viewers. 

The agent should be equipped to answer any questions at that time but it is up to you to pass on as much information as you can, so your agent is well-informed.


Checklist

Some things that should be in the information pack that are not always included are:

  • Council Code of Compliance for any alterations or additions made to the property
  • Information about local amenities if the interested party is new to the area
  • Information about any neighbours' building plans which may affect a buyer's decision
Hold Open Home

Most buyers want a property inspection done, so be prepared with one set to go.

Buyer requests for building reports

In today's environment, buyers will most often want to have a building inspection done and a report provided.

Unless going to auction, this is most often included as a conditional clause in the Sale and Purchase agreement. If auctioning, buyers should get this done prior.

Wise Up recommends that sellers be prepared by ensuring nothing negative will be picked up by a buyer's property inspector so we recommend the seller does their own checks first.  

Consumer NZ has raised issues about the quality of building reports so we advise you get a licensed building inspector from the NZ Institute of Building Inspectors who are especially trained for this task and will give your report more credibility.  Just click your region and a list will show up.

See our advice about DIY legal restrictions and where to find a licensed trades person.

Be on the front foot.



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