Is home staging really worth the cost? The longer a house sits on the market, the less desirable it becomes and almost always results in a price reduction in order to generate new interest and offers. According to RESA, homes staged before listing sell 87% faster and for 17% more than un-staged homes.
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National Statistics Say:
There's an average of a 1% price reduction every month a home is unsold.
There's an average of a 9% price reduction over the listing period.
Homes sell 78% faster after staging.
If the average home price is $226,800, the average mortgage is $1,300 and the average monthly maintenance cost is $400, that would mean you would be saving $11,900 by selling your home within 30 days. This would save you $20,412 in price reductions, and an average of $32,312 overall!
Do the math!
(your mortgage payment) + (monthly expenses) x 7 = saved carrying costs
(your home's list price) x .01 x 7 = saved price reductions
(saved carrying costs) + (saved price reductions) = money saved by staging!
Contact us today for more information on how we can help you with staging your vacant or occupied home.