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Get the Best Price for Your Home with Staging 🌟

Get the Best Price for Your Home with Staging 🌟

By Christophe Choo Posted Jun 07, 2023 Beverly Hills, client recommendations, In The Press, Latest Updates, Real Estate Articles, What I'm Reading

Get the Best Price for Your Home with Staging 🌟 | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert 

Staging a house refers to the process of preparing a property for sale by strategically arranging furniture, decor, and other items to enhance its appeal to potential buyers. While staging can vary in cost and intensity, it aims to create an attractive and welcoming environment that helps buyers envision themselves living in the space.

Increased Sale Price: Staging a house has the potential to increase its perceived value and, subsequently, the sale price. According to a survey conducted by the National Association of Realtors (NAR) in 2019, 83% of buyers' agents agreed that staging a home made it easier for buyers to visualize the property as their future home. Additionally, the same survey found that 22% of buyers' agents reported an increase of 1-5% in the offer price for staged homes compared to similar properties that were not staged.

Additionally, a study conducted by the Real Estate Staging Association (RESA) in 2018 found that professionally staged homes, on average, sold for 6% to 25% more than non-staged homes. However, it's crucial to consider that this study focused on the impact of professional staging services and may not reflect the results of DIY staging or less extensive staging efforts.

  1. Faster Sale: Staged homes often sell more quickly than their non-staged counterparts. The NAR survey mentioned earlier revealed that 44% of buyers' agents stated that staging a home reduced the time it spent on the market. The visual appeal and presentation of a staged home can attract more potential buyers and generate greater interest, leading to quicker offers and a faster sale.
  2. Competitive Edge: Staging can give a property a competitive edge in a crowded real estate market. With online listings and virtual tours becoming increasingly important, staging helps make the property stand out in photographs and videos. Well-staged homes tend to make a strong first impression on potential buyers, increasing the likelihood of showings and offers.
  3. Maximizing Space and Highlighting Features: Staging can help maximize the perceived space of a home by arranging furniture and decor in a way that showcases its functionality and potential. By highlighting the property's key features and creating an inviting atmosphere, staging can draw attention to the property's positive aspects and minimize any potential flaws.

It's important to note that the impact of staging on sale prices can vary depending on the location, market conditions, property type, and the quality of the staging itself. Professional staging services may come with associated costs, so it's essential to weigh the potential benefits against the expenses involved.

For the most up-to-date and accurate information on the impact of staging on house sale prices, it is recommended to consult with me as your broker and local real estate professional here in Beverly Hills & Los Angeles and we can provide market-specific insights and statistics.

However, various studies and industry surveys have provided some insights into the potential effects of staging on sale prices. According to the National Association of Realtors (NAR) 2019 Profile of Home Staging, 22% of buyers' agents reported an increase of 1-5% in the offer price for staged homes compared to similar properties that were not staged. It's important to note that this is a range, and some properties may see higher or lower increases, while others may not experience any increase at all.

The potential increase in sale price resulting from staging can also be influenced by factors such as the condition and appeal of the property, the specific market dynamics, and the buyer's perception of value. Buyers' preferences can vary, so while staging may appeal to a significant number of buyers, it may not necessarily impact the sale price for every property or buyer.

To obtain the most accurate and up-to-date information regarding the impact of staging on sale prices in your specific market, it is advisable to consult with a top local real estate agent like me who can provide insights based on their experience and knowledge of the local market conditions. They can assess your property's unique characteristics and advise you on the potential benefits and costs associated with staging.

Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value

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