Open House

Definition

• A low-pressure sales approach used by Realtors to advertise a property that is for sale. The realtor invites potential buyers to drop by and see the property without making a formal appointment.

Synonyms
open door, showing, listed home, show home, open to public

Acronyms
OH

Alternate Spellings
walk through

Related Terms and Acronyms

• Caravan — Definition,
  • An outing in which a group of real-estate agents look at houses that have been listed for sale recently.
• Days on Market (DOM) — Acronym, Very Important,
  • The period between listing and sale, or listing and a property being taken off the market.
• Multiple Listing Service (MLS) — Acronym, Canada, Very Important,
  • A database that lists all properties in an area that are for sale or lease by Realtors.
• Open Listing — Definition,
  • A property that a number of brokers can market and sell for a commission.