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

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.
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