What should I expect from an open house?

An element of the marketing process, the open house attract prospective buyers (and nosey neighbours) and provides them with the opportunity to view the home at leisure. Open houses don’t generally generate a sales, at least not directly. What you should look for is traffic, and calls for private showings in the days following an open house. Open houses serve a purpose, even if very few people show up the attending agent can generally illicit “feed-back” on the impressions people have about the house, including price. Such a situation can indicate that the price is too high; it may also lead you to look for ways to improve curb appeal.