Open House

AAA

DEFINITION of 'Open House'

A scheduled period of time in which a house or other dwelling is designated to be open for viewing for potential buyers. Open house can also refer to the real estate property itself. In either case, it applies to dwellings that are for sale by the owner. Open houses will often be held to advertise a newly developed community.

INVESTOPEDIA EXPLAINS 'Open House'

Many open houses are held on weekends, with banners and other fanfare used for advertisement. The houses are cleaned and kept immaculate during this time to attract potential buyers. Some owners will also serve cocktails or hors d'oeurves at these events.

RELATED TERMS
  1. Broker's Open House

    An event designed to showcase one's home for sale to other real ...
  2. Condominium

    A large property complex that is divided into individual units ...
  3. Investment Real Estate

    Real estate that generates income or is otherwise intended for ...
  4. Real Estate

    Land plus anything permanently fixed to it, including buildings, ...
  5. Real Estate Limited Partnership ...

    A limited partnership entity organized to invest in real estate. ...
  6. Property

    1. Anything over which a person or business has legal title. ...
Related Articles
  1. Attention Home Buyers! Why You Need ...
    Home & Auto

    Attention Home Buyers! Why You Need ...

  2. To Rent Or Buy? The Financial Issues
    Home & Auto

    To Rent Or Buy? The Financial Issues

  3. Will Your Home Sale Leave You With Tax ...
    Taxes

    Will Your Home Sale Leave You With Tax ...

  4. 4 Types Of Home Renovation: Which Ones ...
    Home & Auto

    4 Types Of Home Renovation: Which Ones ...

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
Trading Center