Success Story even in “Down” Market: 21 Offers, $114,000 Over Asking

Hey Johnny, seriously, what's a down market? ;) I think for my area it's still pretty hot. It certainly has slowed down but the price hasn't lowered much.

Erica That's great to hear! Good luck on those!

Eric These are excellent questions that I cannot answer ;P sorry, as a stager I don't really know how to reserach these stats. I know they had open houses every Sunday & Tuesday (our broker tour here), the property is also on lockbox. From my understanding, the agents told me the activity of that specific area has slowed down, so I was surprised that they sold it in less than 20 days! They had limited budget because the owner was an elder woman who moved into a home and needed money to live there. They had repainted, and fixed up here and there, refinished part of the hardwood floor. That's pretty much it. 

Here are my personal stats if that helps:

• In 2007, 62% of Staged4more's staged & sold listings were sold Over Asking with an average of 3.34% increase in selling price.
• That means for a $800,00 listing, that's an average of $26,720 increase over the original listing price.
• These results show an average Return On Staging Investment (ROI of Staging, or ROSI) of 1129.24%

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