Dictionary of Business Terms: open house
open house
method of showing a home for sale whereby the home is left open for inspection by interested parties. It frequently occurs on weekends, with banners placed on the lot to attract attention.
Dictionary of Real Estate Terms: open house
open house
a method of showing a home for sale whereby the home is left open for inspection by interested parties.
Example: A broker advertises an open house to promote the sale of a listing. On the specified date, prospective buyers may inspect the house during the hours of the open house.
