Open Day

  • An open day is a single day when a property can be viewed by a number of prospective buyers or renters at the same time.
  • By restricting the time to view to one day this can create a sense of urgency encouraging speedy decision making before the competition secure the property.
  • Open days can create the setting for competitive bidding on the purchase price or the rent.
  • Sealed bids can have a similar effect to open days – all the bids are entered by a fixed date and opened on the same day.  The highest is the one accepted subject to contract.

What are your thoughts?

Your email address will not be published. Required fields are marked *