REALTOR® Nationwide Open House Weekend Will Kick-Off Spring Home Buying Season
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 Boston 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.
As spring is typically a busy season when it comes to home buying, 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 is also a chance for sellers to market their home and attract potential buyers.
According to data from the National Association of REALTORS® the typical recently purchased home was 1,860 square feet and was built in 1996. The typical buyer purchased a home with three bedrooms and two full bathrooms, while slightly half of the homes purchased were on a single level. When it comes to home features, buyers prefer central air conditioning the most, while walk-in closets were second. The two most common rooms buyers were willing to spend more for were a laundry room and a den/home office.
When buyers have a clear idea of what features are important to them they tend to know where they are willing to compromise. This is where visiting open houses can be helpful. As REALTORS® visit hundreds of homes with buyers each year, they have a unique understanding of what buyers value in their local markets and the expertise and knowledge will help clients achieve the dream of homeownership.
To help promote the REALTOR® Nationwide Open House Weekend, GBAR has purchased balloons which can be requested by an office manager or broker-owner for the entire office. If interested, please contact Kate at firstname.lastname@example.org. (first come – first served). Additionally, open houses can be listed on the MAR Open House webpage.