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Home Staging = Faster Sales or More Money?

By
Services for Real Estate Pros with Micro Business Specialist

In our survey of 186 home staging businesses, Home Stagers were asked their opinion as to whether Staging tended to benefit clients most in terms of having a faster sale, or a higher price.

Respondents were not allowed to say both.

They were also asked the same question for three different time frames:

  1. their entire career
  2. past six months
  3. projections for the future


The clear majority respondents overwhelmingly felt that the primary benefit was faster sales in all three time frames, but especially so for the past six month time frame.

While still predominantly picking faster sales, noticeably more people picked higher prices as their projections for the future.

Realtors were particularly strong in seeing the benefit as faster sales.

The "top dogs" were among those most likely to predict home staging generating higher prices in the future, although the majority of the "top dogs" also thought quicker sales the primary benefit.

The next most bullish group for higher prices were those with less than 2 years experience.

Conjecture: The nuances of this question suggest that newbies may be reflecting the optimism they bring from their classrooms and fresh positive attitudes.

The fact that those with 2-4 years experience were among those strongest to suggest quicker sales may reflect more practical experience in the recent market downturn, while the Top Dogs may be delivering a stronger product in the marketplace, resulting in more higher prices.

There is clear overall consensus that quicker sales is the dominant benefit. This suggests that this it the point that Home Stagers should then be emphasizing in their marketing. For many of today's markets that is just the message many homeowners want to hear.

To see what some of the people who have read my survey reports have to say about them, go to http://www.squidoo.com/house-staging

Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

This is great information! It's definitely something I'll keep around for reference in the future!

DM

Jul 29, 2008 02:52 AM
Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Earl,

Good info to battle the Seller a bit short sighted on a little now for a bit more and sooner.

Jul 29, 2008 02:57 AM
Connie Tebyani
Platinum Home Staging, Inc. : RESA-Pro - Calabasas, CA
Platinum Home Staging, Los Angeles and Ventura County

Another translation to the information aquired in your survey is that a faster sale DOES equal more money.  A faster sale means less carrying costs per month, less likely of money lost to a price reduction, for Realtors it means a LOT less money needed to be spent on marketing the home.  Although Staging does bring the faster sale in today's market, it does equal more money.

Jul 29, 2008 08:07 AM
Leslie Hoyt
Hello Home! - Greenville, SC
Hello Home!

I am having Mark put this blog link on our website, if that's all right- wonderful news!

We have been staging for 10 years and the most common factor in all the homes' sales is faster sales.

And Connie said the rest of what I was going to say :o)

Thanks for the SUPER info!

~Leslie

Jul 29, 2008 11:10 AM
Earl Netwal
Micro Business Specialist - Minneapolis, MN

Leslie and Mark and anyone else, You are more than welcome to link to this blog comment. I would appreciate it if you would leave the Squidoo link in though. Earl

Jul 29, 2008 11:20 AM
Kathy Nielsen
http://atlantahomestaging.net - Marietta, GA
Atlanta Georgia Home Stager

Great survey, Earl.  Thanks for sharing your results.

Having been in the business for 3+ years, I would definitely, especially given the market conditions, state quicker sales.

Again, thanks for sharing.

Kathy

Jul 29, 2008 12:37 PM
Joyce Zdenek
Hallmark Sotheby's International Realty & Joyce's Interiors - Hopkinton, MA

Thanks for the information, what I have found as a home stager and a realtor is that the faster a home sells the more money a Seller nets.

By pricing a home fairly and staging it the property has the benefit of a quicker sale, photos on the internet, MLS, etc. showcase the home's best features and brings more Buyers.

The combination of both factors are key.

Joyce

Jul 30, 2008 12:11 AM
Karen Otto
Home Star Staging - Plano, TX
Plano Home Staging, Dallas Home Staging, www.homes

Thank you for sharing the results Earl, it's promising for the future of our industry.

Jul 30, 2008 01:29 PM