According to the National Association of Realtors (NAR), a house spends 73% less time on the market when it has been staged. As you already know, the longer a house is on the market, the more its price drops because of buyers that there’s something wrong with the house.
According to a 2019 survey by NAR, 45% of the Orlando realtors recommend sellers to declutter their house before putting it on the listing. Here are a few other statistics that will make it clear why staging is important:
- The average amount of money spent on home staging was $400
- 18% of the sellers pay for staging before listing the home
- 26% of the realtors personally offer to stage the home
- 22% of Realtors reported an increase of 1% to 5% in the value offered by the buyers
- 17% of Realtors reported an increase of 6% to 10% in the value offered by the buyers
- 10% of realtors cited that buyers believe homes should look like they were staged on TV shows
And these my friends are the reasons why you should stage your home!
Have you ever watched the TV show “Vanilla Ice Project”? Rob Van Winkle’s journey from being a rapper to hammering nails is quite astonishing. That show shouts the importance of staging and let’s admit it — a subtly furnished house is better than an empty one.
So, what’s the big deal?
Picture this: you have put your house on the market. It’s in a nice neighborhood and near to numerous facilities. Let’s just say that it’s the ideal house to live in. You decide to sell it on your own and put up a “For Sale” sign. Employ all the marketing tactics but a month goes by and none of the buyers that came to see the house responded back.
You decide it’s time to involve a professional and hire a real estate agent. The moment the realtor enters your house, the first thing he says, “Where’s the furniture?” You respond, “In the storage. Why would I keep my house furnished if I am selling it?”
Do you see what we are getting at? We can’t stress enough the importance of staging.
So, your next step should be:
The reason why renting furniture for staging works better is because you can choose a theme for decorating the house. If your couch is outdated, then better get rent a whole sofa set with a small coffee table to set the stage for initial meetings and negotiations.
Why Hire a Stager
If you don’t have an aesthetic eye, then spending a few hundred dollars on staging is in your house’s best interest. Moreover, once the house has been staged, you can hire a professional photographer for taking an attractive picture to put in the listing.
The price of staging your house is less than 1% of your home’s actual price. Repainting the walls a neutral color, hanging new curtains, clean and polishing the kitchen cabinets and installing brighter bulbs are just some of the things that help increase the sale price of your house. There are even chances that you might receive an ROI of 10%.
Every seller dreams of getting multiple offers on his/her house. Your best chance of making this dream come true is staging. Visit Megan Dowdy Realty to get in touch with a qualified Dr. Phillips realtor. The company’s mission is to provide its clients with the best house buying experience possible. For queries, call at 407-509-9279.