Sellers are seeking to maximize return for the investment and risk of home ownership--an investment transaction, not just a real estate sale. The appreciation (increase in value) of real estate is the biggest source of wealth in this country. The sales price of your current home determines how much you can invest in the next one, and the bigger that investment the bigger your “dividend” will be when it is time to sell again. With average ownership of a home between 4 and 7 years, getting top dollar every time compounds your net worth quickly. Leaving money on the table eats into your return for years and years to come.
Home staging helps maximize that return. According to the National Association of Realtors, for every dollar sellers put into staging, the sellers get $4 back. The average increase over the listing price is 6.32%, enough to cover your realtor fees. On a $500,000 house the added value of staging is $32,000! No wonder the professional staging trend started in northern California, one of the hottest markets in the country. Learn more by reading other blog entries. Purchase the book 301 Simple Things You Can Do NOW To Sell Your Home by clicking here.
