In a recent blog The Homeowner Raised the Listing Price $200,000 AFTER STAGING!!! I wrote that the homeowner was so excited after we staged his home that he raised the listing price by $200,000.00 from $2.78 million to $2.98 million. Well, the home has sold already and escrow has closed! The homeowner did not get the original $200,000.00 bump he had hoped for after staging, but he did get an additional $80,000.00 he would not have gotten if he hadn't staged the house. We staged the home on June 15, 16, & 17. The one and only open house (Realtors Caravan) was held on June 20 (Wednesday). The first offers (multiple) came in on Friday, June 22. Escrow closed last Thursday, July 12.
How's this for statistics:
- Days on market before an accepted offer - 5!
- Days on market from MLS listing to close of escrow - 22!
- Value added by staging - $80,000.00!
This is an excellent example of the value hiring a Professional Home Stager to enhance your property regardless of how grand the home.
In addition, the home buyer purchased all of the Persian rugs, French tapestries and furniture from my company Moving Mountains Design after the purchase of the home was negotiated. This turned out to be a win-win-win situation for all involved.
You can view additional photos of the house at Before & After Pics of "The Big House" .
The home buyer loved the way the house was staged so much that they purchased all of the rugs, tapestries & furniture, plus some of the accessories after escrow closed!
Michelle Minch is the President of Moving Mountains Design, a full service Home Staging and Interior Design corporation, located in Pasadena, CA. You can visit our website at www.MovingMountainsDesign.com.