by Nutan Brown
on Tuesday, August 4th, 2020 at 9:11am.
Home staging is the professional service of preparing a home for sale in such a way that it appeals to potential buyers. Personal taste and preference differ from person to person, so hiring a professional home stager who knows how to attract a wide range of homebuyers could tip the scales in your favour.
Do Staged Homes Receive A Higher Price?
The final price of your home depends on a number of factors including market conditions, buyer demand, listing price, negotiations, how well the home is maintained and more. While a lot of these factors are outside of your control, one thing you can control is buyer impression.
Buyers need to see themselves in your home and picture what it would be like with their furniture and décor. Home staging can set up your home in such a way that it appeals to a variety of potential buyers and helps them visualize how their life would be if they called your house home.
With all other things equal, a staged home is likely to leave buyers with a better impression than one that hasn’t been staged, with the potential to fetch a higher selling price. According to a study by the National Association of Realtors, sellers’ agents responded that staging a home increased the value of offers by up to 10 percent.
Do Staged Homes Sell Faster?
When you put your home on the market, chances are there will also be other homes for sale in your neighborhood. This means your home faces competition. One way to set your home apart is by staging it.
Of course, a home can sell quickly even if it isn’t staged depending on market conditions. But staging your home gives you the upper hand, or at least balances the playing field if other homes in your area are staged as well. Staging can also help with your online listing, as 95% of people use the Internet during their home search.
According to the Real Estate Staging Association, staged homes spend an average of 73% less time on the market than their un-staged counterparts. So no matter what market you are in, a staged home is likely to sell your home faster.
While home staging has been shown to sell homes faster and at a higher asking price, the decision of whether or not to stage your home still depends on many factors. The best way to decide whether or not to stage your home when putting it up for sale is by hiring a Realtor who has the knowledge and experience to guide you in the right direction.
If you’re wondering whether or not to stage your home, contact me for some free professional advice!