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. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center