The Value of Staging a Home in This Sellers' Market

Staging a home in a sellers' market

This article explains why staging your home, even amid a hot sellers' market, can make the home selling process less stressful and more profitable.

Before and After Staging Source: pinterest.com

Why You Should Stage Your Home In a Sellers' Market

Selling your home is a momentous time in life. There is a lot of planning involved with the sale of a house. One facet of the home selling process that many sellers overlook is staging. 

You may be wondering why you should bother with staging a home in this crazy sellers' market.

Even though we are in a strong sellers' market with high-demand homes selling like hotcakes, staging your home is imperative if you want to sell your house quickly, have multiple offers, and get the most money.

Staging your home makes your home stand out in this current sellers' market. It is visual merchandising that will result in a quick sale of your home for top dollar. 

According to the NAR 2021 Profile of Home Staging, 82% of buyers' agents reported home staging allowed buyers to visualize a property as their home. Over 50% of agents said staging decreases time spent on the market. 

Source: trulia.com

Staging Homes Increases Property Value

Staging your home makes your listing more appealing and can easily influence offers. According to the National Association of Realtors (NAR), 18% of sellers' agents reported a 6%-10% increase in the dollar value. 

The NAR also reported that 25% of buyer agents reported a 5%-10% increase in offers in staged homes. 

According to 2020 data from the Real Estate Staging Association (RESA), 85% of staged homes receive offers between 5% and 23% over list price, and staged homes sold 73% faster than empty ones. 

Benefits of Staging a Home

There are several benefits of home staging that lead to less time on the market and getting the most bang for your buck.

Buyers Have a Great Sense of Urgency in Today's Market

Buyers have a greater sense of urgency in this red-hot sellers' market. Sellers can use this to their advantage when staging their homes. 

Today’s buyers have to move quickly and are swayed more easily by their first impression of a house. It is common for staged homes to receive multiple offers within hours of the listing. 

More than ever before, buyers are looking for properties that make them feel at home. As much as you love your home decor, the masses may not feel that same connection to your home. A professional stager will create an environment that many buyers feel a connection to. 

Source: cbc.ca

Most Buyers Search Online First

Now more than ever, the process of searching for a home starts online. Having your home seen online escalates the urgency for staged photos. 

A picture is worth a thousand words. More often than not, images of your home determine if prospective buyers are interested.

Staging can help sell your home especially if it is older and competing with new construction homes that require little to no renovations. 

Staging Maximizes Space

Getting the most space out of every room is a skill set of professional stagers. If your home is small, staging helps buyers see the openness of your home versus focusing on the small square footage.

A professional stager creates a flow to your home and gives each room a purpose rather than having buyers guess how to use the space. 

Sellers Can Relax

Selling a home is a complicated and stressful procedure. An enormous benefit of hiring a professional stager is the elimination of one major stressor from the home selling process. 

Having your home appeal to the masses is significant when selling your home quickly and for the most money. Staging your home alleviates this stress. 

Source: pexels.com

Staging a Home Increases Chances of a Quick Sale Above List Price

In today's market of quick home sales going above the listing price, many buyers don't have much money left for home renovations.

Staging a home allows buyers to visualize your property as their future home. Sellers are more likely to receive more money for their house if buyers don't feel they will have to renovate to make the property their home.

Home staging presents a favorable first impression and has proven as an effective tool in a quick sale at or above the list price.