Selling your home is a big deal and can be stressful at times. There is a lot of planning involved between deciding when to put your home up for sale, how much, and what renovations to do ahead of time. An important aspect that many salespeople overlook is the staging. It doesn’t matter if you live in a big house Portland, OR, or an apartment in Miami, FloridaWhen you stage your home, your listing will stand out from the rest of the homes for sale in your area and generate interest from potential buyers. Read on to learn more about why it is important to stage your home in a seller’s market too.
What is a seller’s market?
A seller’s market is when more buyers want to buy a home than there are actually houses for sale. ON Seller market usually leads to rising property prices, tougher competition and an increase Bidding wars among homebuyers. During this time, home sellers have the upper hand when it comes to negotiating.
Do I still need a professional staging?
The short answer is yes. Even though we’re in a seller’s market and we’re selling homes extremely quickly, the staging of your home is still important. Staging is visual merchandising for your home so you can sell it quickly and for more money. In fact, staged homes sell 73% faster than empty homes. Another point of view is if you were going to go for a job interview or a first date you would still make sure that you dressed to impress, wouldn’t you? The same logic can apply when selling your home.
A staged home leads to better photos
Listing photos is what makes your home shine online. The more appealing they are, the more hits your entry will receive. A new listing receives three times more views in its first week in the market than any time after and 85% of buyers say photos are the most important factor in choosing which homes to tour. By enabling listing photos, potential buyers want to view your home instead of jumping past your listing. For this reason, if your home is not seeing enough traffic or is not selling quickly, we encourage you to stage your home before listing it, rather than investing in the staging later.
Home staging can increase your selling price
Having your listing staged makes your home more attractive and can influence a buyer’s offer. According to the National Association of Brokers, 25% of agents representing buyers said they increased deals by up to 5%, while another 12% said they increased deals by up to 10%.
The staging allows buyers to get an idea of their home
When your home is fully staged, buyers can understand how they would live in your home and imagine their family in each room. The average person who buys a home is not a professional designer and probably cannot imagine how an empty space could work. So a staging could help paint the picture of what life in the house could be like.
Home staging communicates the proper use of a room
When you walk into an empty house, it is often difficult to imagine how you would style or decorate the space. Empty spaces can appear smaller if not staged, and this can discourage buyers make an offer. By staging your home, buyers can envision how each room should work and inspire buyers on how their belongings could fit into each room. Staging can also help buyers overcome challenges such as: B. how the creation of “zones” in a small space can make a room more functional than it would appear when empty.
Home staging makes the property more ready for occupancy
With today’s real estate market of historically low interest rates, quick home sales, and many homes being sold at above list prices, buyers may need to spend their maximum budget, leaving very little to no budget handyman or renovations. When the walls are painted different colors or a bathroom isn’t finished, buyers see an immediate to-do list and it can feel daunting. The staging makes the home feel as new as possible, so that there are fewer objections. Hiring a team of professionals to showcase your home and identify effective updates will create a move-in experience that could inspire more buyers to bid.