Real Estate News

Remove or lock up precious items before an Open House:

Q: My real estate salesperson has suggested we hold an Open House. What are the things my family can do to protect our privacy and security?

A: Many salespeople are happy to host Open Houses for their clients because these viewing opportunities can help market a home to an interested buyer.

But remember that the decision to go ahead with an Open House is entirely yours. If you have concerns about privacy and security, talk them over with your salesperson.

Your first step is to make a list of any items with sentimental or monetary value — and then either remove them from the house or lock them in a secure location. These items may include personal photos, jewellery, silverware, antiques, portable electronics, prescription medications and other valuables. Hiding them in the sock drawer or under the bed isn’t enough.

It’s also important to protect yourself from identity theft. That means securing — or in some cases destroying — bills, bank statements, credit card receipts, passports and other important documents, as well as USB data storage sticks. If you have a desktop computer that isn’t easily transportable, lock it with a password and switch it off before the showing begins.

When you talk to your real estate agent, ask how they will run the Open House. The Real Estate Council of Ontario enforces legislation that requires a sales rep be present during the showing. It’s a best practice to have a salesperson accompany visitors at all times when they tour your home. You can also ask that a second registered salesperson help out by greeting visitors at the door, and asking them to first provide identification and contact information, and then wait in the hallway until your primary rep is available to show them around.

If anything gets damaged or stolen, the guest registry compiled by your salesperson should be handed over to the police. The list is also a useful aid for your salesperson to follow up with potential buyers.

You should also give some thought to the safety of your visitors — clear your outdoor steps and walkways, remove pets from the premises before a showing, and either fix or at least warn your salesperson about potential hazards around your home, such as rooms or stairways in a state of disrepair. Check your home insurance policy for any exclusions that may limit or deny coverage for public functions.

If you’re still uncomfortable with having an Open House, you could ask your salesperson to host an “Agents Only” Open House and restrict admittance to registered real estate salespeople. As well, you could show the property only by appointment to interested buyers.

Joe Richer is registrar of the Real Estate Council of Ontario (RECO). He oversees and enforces all rules governing real estate professionals in Ontario. Email questions to askjoe@reco.on.ca. Find more tips at reco.on.ca, follow on Twitter @RECOhelps or on YouTube at youtube.com/RECOhelps.

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