Limit Open House Hours
By limiting the showings of a property to one open house, this means many buyers will come in to see the house during this 3 or 4 hour window as that’s the only opportunity to see the house. This almost ensures that an open house will be packed with potential buyers. The more crowded the open house, the more buyers feel like everyone else is going to bid for this property so I’ll bid the highest.
If the open house is on a Saturday, I like to create a deadline to receiving all offers by noon on Monday. What this does is it also creates a sense of urgency & subconsciously buyers automatically prepare to compete with other offers.
Again it just plays on the notion of…
“people want what other people want”.