The question on whether to stage a home prior to selling is a commonly debatable topic amount those of us selling our homes. May home sellers question value and purpose of home staging – particularly if they are hiring a real estate agent to assist in marketing their listing. However, when you look at recent data collected in 2019 and consider the fact that most communities are in a sellers market – there are 4 very good reasons to have your home professionally staged prior to listing:
1. Home Staging Can Increase Offer Prices
According to the National Association of Realtors in May 2019, 58% of real estate agents indicated that staged homes, on average, received higher offer prices from prospecive buyers than did their non-staged counterparts.
The averages reported from real estate agents ranged to be higher by between 5% – 11% of the listing price, which means a staged home in Tampa with an average sales price of $219,000 could see offers $11,000 – $24,000 higher than that the same home down the block that wasn’t staged.
In order words – you may get higher offers and get a better return with a staged home.
2. Home Staging Can Increase Perceived Value
In that same survey by the National Association of Realtors, 40% of real estate agents indicated that staged homes were often perceived by potential home buyers to be worth more and have higher value.
Real estate agents indicated that their buyers associated an increase in value of between 5% – 17% of the listing price when they view a staged home. This means that the average staged home in Tampa might have a perceived value as high as $37,000 more that another listing in the same neighborhood.
To sum it up – people will think you’re house is worth more if it’s staged.
3. Home Staging Can Help Buyers Visualize it as Their Home
When home buyers tour and view a staged home, many are better able to view the home as their potential future home – rather than simply a listing that they saw with their real estate agent.
In fact, according to the National Association of Realtors, eight-three (83%) of buyers’ agents indicated that staging a home made it easier for their buyers to visualize the property as their future home.
This is especially true for vacant homes, which are often problematic and challenging to sell because the home buyers typically can spot and locate each and every flaw in the home – as they have nothing else to refocus their eyes on.
4. Home Staging Might Get Your Home Sold Faster
The Real Estate Staging Association (RESA) is a professional membership for home stagers and provides a lot of statistical data on the effects of home staging.
In their “Consumers Guide to Real Estate Staging”, they indicated that a home that was professional staged before the listing went active sold almost 6 times faster (23 days on market) than a home that was not staged at all (143 days on market).
A good amount of real estate agents we work with report back that their professionally staged listings in Tampa often get multiple offers within the first several days of being made active.
So - Are You Interested in Selling You Home for MORE MONEY?
If you want to understand more about how our staging services can help differentiate your home from competitive listings in your neighborhood, improve buyer interest and increase overage sales price – then contact us today for a consultation.