A price reduction is pure profit that your sellers, and you, are losing.
A price-reduction still doesn’t equate to move-in ready, further reducing the buyer-pool and therefore still extending your time on the market.
Now is a fantastic time to stage if it's vacant, or have me work with your occupied home sellers to style their house to appeal to buyers.
Stay with me while I delve into some Very Exciting and Relevant Statistics here.
A National Association of Realtors’ (NAR) recent study determined that for every $100 invested in staging, the seller can expect to make $400 back upon the sale of the house. In other studies, Home Staging Resources found in 2019 that a 1% investment of the value of the home would result in an average of a 10% return in the price of the home.
Staging investments can be from a few hundred for styling an occupied home, or up to a few thousand if it's vacant. However, that investment will come back to your seller proportionate to what they put into it.
Working with a stager ALWAYS costs less than the first price reduction.
Price reductions cut into your profits by 100%.
The house that presents itself best will sell before others that are like it.
It's definitely worth trying out staging BEFORE your reduce the price! Investing a relatively small amount in professionally staging will only help attract more buyers and maximize your chances of earning Top Dollar.
