Why Stage - Supporting Statistics
When working with realtors and homeowners, I often encounter, "Okay - I've heard that staged homes sell in half the time and for 6-10% more- but where's the supporting documents to support these statements? Following are finiding against case studeis comparing "staged" vs. "non-stagede" real estate properities validating the 'added-value" staging services offer.
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Real Estate Staging Association 2008 Study (RESA)
*Vacant homes previously on the mkt 190 days, when staged sold in 28 days
*Occupied homes previously on the market 57 days, when staged and relisted sold in 6 days
* Staged first, then listed occupied homes sold in just 24 days
*Staged first, then listed vacant home , sold in just 33 days
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HomeGain surveyed 2,000 real estate agents nationwide and found that moderately priced home improvements, ranging from $80 to $2,800, made in preparation for sale actually yield the highest returns when a house is sold.
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Kiplinger's Personal Finance, By Pat Mertz Esswein, Associate Editor
March 9, 2007
In 2006, StagedHomes.com looked at the sales history of 200 properties staged by its members. Homes listed for sale prior to staging sat on the market for an average of four and a half months and sold within just over a week afterward. Homes listed for sale after staging sold within 32 to 42 days. In either case, the homes sold for an average of $26,000 more than expected.
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Mortgage news Daily.com Mon, Jan 9 2006
according to www.StagedHomes.com, a leader in home staging services, statistics show an average of a 3% minimum increase in final sales price on homes that had been staged, versus those who had not. On a $300,000 home, that's a $9,000 increase-and well worth the home staging fees.
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A 2003 HomeGain survey of 2,000 practitioners found that staging could increase the sales price by $2,275 to $2,841; cleaning and decluttering could add $2,093 to $2,378 to the final price.
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A 2004–2005 survey of home owners by training company StagedHomes.com found that staged homes sold for 6.9 percent more than homes that were not staged.