House staging, interior redesign and color advice from home staging expert Debra Gould, helps homeowners sell real estate fast and for top dollar.|
Details: Our Home Staging by Design process works in ‘buyers’ and ‘sellers’ markets.
In a buyers market the available listings exceed demand.
Higher inventory of homes means that houses for sale tend to sit for longer periods - house hunters can afford to take their time and be more demanding about what they buy.
When buyers have time and selection on their side, they can be very picky. It's easy to see that when there are too many homes on the market the staged home will sell faster than competitors that don't show as well.
In a sellers market, where inventory is lower, more buyers are chasing fewer available homes.
Buyers can't afford to take their time making a decision because many homes are selling fast, often with multiple offers.
With proper home staging or house fluffing, these multiple offers can be driven to sometimes ridiculous levels.
Take the case of a house in Toronto in 2003 that was listed appropriately at $599,900. In 5 days they had 10 bids and the final price was driven up to $725,500, proving that while people may shop with logic, they buy on emotion. This would not have happened in a house that hadn't been home staged, or decorated to sell.
Category: Home Staging