For real estate agents, we know that there’s benefit in selling a home faster.
Studies have shown that staged homes sell faster.
That means less viewings required and less time taken up selling a home. You can concentrate on serving other clients who will be impressed at the level of service that you can provide.
Studies have also shown that staged homes fetch a higher price, on average, than unstaged homes of equivalent value.
Although it may seem to be, staging is not magic. We can’t expect a rundown two bedroom to sell for a higher price than a three bedroom upscale house in a desirable part of town just because it’s been staged.
However, staging does mean that a three bedroom upscale house in a desirable part of town can sell for considerably more than an unstaged 3 bedroom upscale house.
- A Coldwell Banker Real Estate Corp. study showed that staged houses spent half of the time on the market. They also sold for 6% more than a comparable unstaged house.
- People don’t often buy a house without viewing it, and people don’t often view a house without looking at photos online. The National Association of Realtors says that 93% of home buyers look at homes online before deciding to view a property. Beautiful photos of a staged home helps get more prospective buyers interested and drive traffic to your door!
- Staging vacant homes commonly is priced at 1-3% of the asking price on the house. This increases the sale price by 8-10%! That means a $400,000 house could be staged for $4,000 and bring a return of up to $40,000! In what other situation can you buy a ten dollar bill for a loonie?
- According to Real Estate Staging Association (RESA) statistics, homes that are staged before being listed sell 87% faster than unstaged ones.
Save yourself time and money while increasing your commission.