Why Staging Is Still Needed in a Seller’s Market
Selling your house is a big deal that may be stressful at times. There is a lot of preparation involved in determining when to put your house up for sale, how much to ask for it, and what home renovations you should make first. Staging is a key element that many sellers miss.
Staging your property will make your listing stand out above the other properties for sale in your area, attracting more potential buyers.
Continue reading to find out why staging your house is so crucial, even in a seller’s market.
WHAT IS A SELLER’S MARKET?
When there are more homebuyers wanting to buy a property than actual properties for sale, that’s when you call it a seller’s market. A seller’s market means higher property prices, more competition, and more bidding wars among homebuyers. When it comes to negotiating, home sellers will have the upper hand during these times.
Staging is the process of visually marketing your house in order to sell it fast and for a higher price. In fact, staged properties sell 73% quicker than unstaged ones. Another way to look at it is that if you were going to a job interview or a first date, you would still dress to impress, right? When it comes to selling your property, the same logic should apply.
A STAGED HOME RESULTS IN BETTER PHOTOS
Your listing photographs are what make your house stand out online. The better they are, the more views your listing will get. A new listing receives three times the number of views in its first week on the market than any other period. 85% of buyers believe photographs are the most significant component in deciding which houses to tour.
Potential homebuyers are more likely to see your house if your listing photographs are appealing. This is why we recommend preparing your property before listing it, rather than spending on staging afterward if it does not receive enough attention or sells quickly.
HOME STAGING ADDS VALUE TO YOUR HOME
Having your listing staged will increase the appeal of your house and may impact a buyer’s bid. According to the National Association of Realtors, home staging raised bids by up to 5% for 25% of agents representing buyers, and another 12% said that it increased offers by up to 10%.
STAGING HELPS BUYERS TO IMAGINE THEMSELVES IN YOUR HOME
A staged home allows potential buyers to envision themselves in your space by allowing them to see how they would use each of the different areas, from the office to the playroom, living room, and basement.
Staging a home makes it simpler for a buyer to see the place as a future residence. This is why it is important to de-personalize your home, discard family photographs and other personal items.
HOME STAGING SHOWS HOW SPACE SHOULD BE USED
When you go into an empty house, it might be difficult to picture how you would design or decorate the area. When empty rooms are not arranged, they might look smaller, which may prevent buyers from making an offer.
Staging your house will help buyers to see how each area should work and will provide buyers with ideas for how their belongings may fit into each room. Staging may also assist purchasers in overcoming obstacles, such as how creating “zones” inside a limited area can make a room more useful than it seems when unoccupied.
HOME STAGING MAKES THE PROPERTY MOVE-IN READY
Buyers notice an instant to-do list if the walls are painted in various colors or if a bathroom isn’t done, which may be overwhelming. Staging makes the property appear as new as possible, which reduces the number of complaints.
Hiring a professional team to stage your house and discover meaningful upgrades will provide a move-in-ready experience that may entice more buyers to make an offer.
Contact us if you need help in selling your home or in finding a property that fits your needs.