Statistics Prove – Home Staging Works

Many  years ago, Barb Schwarz coined the saying “The investment IN staging your home will always be less than a price reduction ON your home!” And that statement is as true today as it was all the way back in 1973, when  I developed the concept of staging.
The  math is pretty simple. Imagine a $300,000 home that’s been on the market for six months without selling. The seller is becoming more and more frustrated and considers a price decrease of 5 percent. That’s $15,000. Now imagine investing only a fraction of that sum in staging and selling the home much faster.
That’s what staging will do, and the numbers are in to prove it – time and time again.
Recent  statistics gathered by Stagedhomes.com shows that 94 percent of homes staged by an Accredited Staging Professional sold in 29 days or less, compared to an average of 145 days for homes that were not staged. What’s more, homes staged by Accredited Staging Professionals stay on the market 83 percent less than a home that has not been staged.
For  home stagers and real estate agents alike, it’s imperative to showcase the positive impact of home staging, both visually by showing examples of past staging projects AND by sharing statistical evidence that home staging works and that the investment is worth it many times over.
So  next time a seller brings up the subject of a price reduction, make sure to share the positive impact of home staging. The investment will be less and the impact most likely more.
Copyright National Association of REALTORS®. Reprinted with permission.
Photo Credit: Barb Schwarz, Stagedhomes.com
Barb Schwarz, ASP, ASPM, AB, IAHSP   styledstagedsold.blogs.realtor.org