There’s no secret that homes are tough to come by in this market. Some buyers end up in bidding contests thanks to a shortage of homes in certain areas. If you plan to sell your home, this is great news! But that doesn’t mean you still shouldn’t put your best foot forward. Here is why you should still stage your home – even in a seller’s market.
What is a Seller’s Market?
A seller’s market exists when there are more homebuyers looking to purchase homes than there are homes listed for sale. This generally results in rising prices and greater competition for the homes that do exist. Home sellers will often have an advantage in these market conditions.
What is a Staging a Home?
You’ve probably seen pictures of homes that look like models or something you might see in a magazine. They aren’t necessarily brand new homes but have instead gone through staging. This is the process of expertly rearranging and adding furniture to the home to make it as attractive as possible. It also involves removing a lot of personal items from the home to give it a more generic yet bright and inviting feel.
Why You Should Stage Your Home in Any Market
Even in the best seller’s market, every home needs staging. Staged homes sell even quicker than those that aren’t staged. Here are several other reasons why you should take this extra step.
Better Marketing Photos
Listing photos are what gets the attention of potential buyers online. New listings get three times more attention in their first week, so those initial photos are essential. 85% of buyers say photos are the most important factor in choosing the listings they decide to visit. This is why you should stage your home before the photographer shows up.
Improved First Impression
When buyers see your home online or walk through the door at a showing, first impressions are vital. A professional staging company knows how to present a home so that it is clean, uncluttered, and inviting.
Easier Transition for Buyers
When buyers view a home that is staged, it gives them an easier feel for how they can use the space. If it’s cluttered, this can be challenging, and you may not get as many offers. Likewise, a staged home is considered more “move-in ready.” So buyers will be more eager to submit an offer on your home versus one they view as needing some work or upgrades before they can settle in.
Higher Sales Price
One of the most important reasons to stage your home is that it can get you more money. According to the National Association of Realtors, a quarter of agents report that staging a home increases offers by up to 5%, and 12% report offers increasing by up to 10%.
Selling Your Home in SC? Let Us Help You Get the Price
Even though it’s a seller’s market, selling your home isn’t a simple matter. When you work with a trusted real estate professional, you can avoid showing your home to unqualified buyers and make sure you get the best contract with the most favorable terms.
The Lafayette Group has over 17 years of combined real estate experience and intimate knowledge of the area. Contact us today to learn more about how our services can help you achieve your goals.