Open Home Inspections vs. Private Home Inspections

The Heavyweight Match: Open Home Inspections vs. Private Home Inspections

The Heavyweight Match: Open Home Inspections vs. Private Home Inspections

The Heavyweight Match:  Open Home Inspections vs. Private Home Inspections

Welcome to the match between Open (aka ‘Time-Saving) Home Inspections vs. Private (aka ‘Personal’) Inspections. Once you start advertising to spread the word about your property and the enquiries start to roll in, the next step is showing your property to those potential tenants. You’ll want to make the best impression possible and decide whether an open home inspection or private inspection is the best option for your property and your ideal tenants, or possibly both?

To help you make the best choice, I have provided a rundown on the differences between Open Home Inspections vs. Private Home Inspections.

In this corner we have Open Home Inspections where you can set a specific date and time for potential tenants to view your property, which will also be posted on your property ad.

In the opposite corner we have Private Home Inspections where a potential tenant contacts you to set up a one-on-one inspection to view your property.

Open Home Inspection Strengths

  • Saves time – Since the open home inspection showing schedule is set to a specific date and time and posted on your property ad, it saves time by showing your property to a large group of people versus multiple private inspections in no longer than a 30 minute timeframe.

  • Convenience – Prospective tenants are more inclined to show up to an open home inspection if it fits their schedule.

  • Creates competition – Since more prospective tenants are viewing your property at one time than a Private Inspection, some are actually willing to pay a higher amount of rent than what you have specified to make sure they end up living in the property.

Private Inspection Strengths

  • Get to know each other – With private inspections, you get to know your potential tenants better than an Open Home Inspection since its a one-on-one viewing.  This also can give you a better idea if that particular tenant is suitable for your property.

  • Explain the benefits – With this one-one-one type of inspection, you will get to know the potential tenants on a personal level and what they are looking for in regards to a property.  This will give you a better chance to explain the benefits of your property that suits their needs giving them a better chance to fall in love with the property.

  • Customised Inspection – Unlike Open Home Inspections, by having a specific time frame setup just for one tenant it will make them feel special and more likely to rent your property.

So far its a tied match between Open Home and Private Inspections. You be the referee and decide which is best for you in the last round on the suitability of each type of inspection.

Suitability

Open Home Inspections: If your property is similar to a typical home, is in a popular area or suburb and is priced mid-range between $300 to $500, then this may be the inspection option for you.

Private Home Inspections

For more unique home or expensive properties, a private inspection gives the owners a better opportunity to explain all the benefits that can’t be explained in just a few minutes as with a typical home.

If you can’t decide the tie breaker between Open Home or Private Home Inspections, remember you can do both. You can schedule an Open Home Inspection on a specific date and time and welcome appointments for Private Home Inspections the following days. It’s really what’s best for you and your prospective tenants.

Need help deciding which type of inspection is right for you? Why not call me directly at 1300 654 600 or email me and take this great opportunity to talk it over.

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About Michael Gilbert

Michael is passionate about real estate. He has been living and breathing it for the past 8 years and loves helping people with anything property-related. Being a real estate agent has given Michael a real insight into what people want. His competitive nature keeps him going whether it’s on the soccer field or creating what he believes will be the greatest property management system ever.

  • Greg Buys Houses

    Michael, while I’ve only had a little experience showing homes,However it can use up a lot of life energy showing homes to tyre kickers. I would think if someone is going to show individually it would be best to prequalify over the phone before agreeing to showing the home. You can still build rapore and get to know them on the phone, while being able to dismiss the timewasters.

  • michaelgilber1

    Hey Greg, I tend to agree with you. There are times where you can waste a lot of time showing properties. After discussing with the tenant (or Buyer) in the initial phone call I can tell pretty quickly if they’ll be suitable for the property and if they’ll be ready to move in the right time frame. If they are, I’ll show them the property personally at a time that suits them, if not I’ll try and direct them to a pre scheduled Open Home.

    So in answer to your question, I think you should focus on ‘helping them’ in the initial phone call, they don’t want to view a property that’s not suitable for them either so its worth talking to them about the property and what there looking for before organising an inspection.

  • Greg Buys Houses

    Sounds like we are in agreement! Prequalify on the phone