Saturday, March 28, 2009

Home Seller Tips

Put Stock in Staging

Where can you make a 343% return – or save $10,000 – on an investment of just $500?

Today’s new math is called home staging.

According to HomeGain’s 2007 Prepare-to-Sell national survey of over 2,000 real estate agents nationwide, the return on investment for staging a home to sell is as much as 343% on a typical investment of just $500.

Making a home “lighter and brighter” and “cleaning and decluttering” also had rates of return of 355% and 578% respectively. It’s no wonder that 97% of agents surveyed made these recommendations along with 91% who advised sellers to stage.

If those numbers aren’t convincing enough, consider this. In the New York metropolitan area the minimum price reduction, for an average home or condo, would be at least $10,000. How much will that first price reduction take out of your wallet?

Clutter, dirt and darkness eat equity. Don’t gamble. Put stock in staging by decorating your home to sell fast and for top dollar. No matter how you do the math, an investment in home staging is a winning venture.

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