Since the word caravan is often used to describe a mobile home or recreational vehicle, you could be forgiven for thinking a real estate caravan was perhaps a mobile real estate agent or a RV for sale. However, a caravan is actually another one of those real estate specific terms that are instantly understood by Windsor real estate agents and completely incomprehensible to everyone else. Hopefully this article on real estate caravans should help clear up any confusion about the term on your part.

In real estate a caravan is a marketing procedure agents sometimes use on homes that they're trying to sell. To hold a caravan, the seller's agent gathers together a collection of London homes (or wherever) and takes a group of buyer's agents on a grand tour of them. This process is still referred to as a caravan even if it's only a single home that the selling agent is showing to the other agents. Whether or not the caravan is a successful marketing procedure is up for debate, as some agents tend to see it as a party day rather than a working day.

The purpose of a real estate caravan is to bring attention to homes that haven't been generating a lot of interest, either because townhouses for sale in Oakville are more popular or because they're very out of the way homes. The theory is that by inviting real estate agents, these agents will keep the home in mind when they're talking to their buyers, and hopefully one of them will know an interested buyer. It's kind of a last ditch effort to sell a home that's been floundering on the market.

So can you go on this real estate caravan? No. Not unless you're a real estate agent. A caravan is not like an open house or a private tour. Those usually have already been tried without much success. A caravan isn't entertainment for gawkers but an effort to clear out the stragglers on the Brantford MLS. You can, however, ask your real estate agent if he or she has been to any caravans lately, and to tell you about the homes he or she saw on it. You never know, a home from the caravan may jump out at you, even if it doesn't fit your list of requirements.

As a home seller, it's up to you whether you want to have your property included in a caravan. But if your Royal Lepage Oshawa agent has been struggling to get people interested in the property, your open houses are poorly attended, and the house has been on the market without offers, you probably don't have much of a choice in the matter if you want your home to sell.