When you’re selling your home, one of the keys to successfully finding a buyer – and getting the best price for your home – is effectively staging. Staging refers to setting up your home in a way that maximizes its saleability to potential buyers and can involve everything from minor repairs to a complete overhaul on your home decor.
Staging is an incredibly important part of the selling process, and effective staging is a key to fetching top dollar for your home. If possible, you should consider hiring a professional stager. But, in case you want to DIY and stage your home on your own, here are 4 staging secrets to make sure you get the most out of the staging process:
1. A little paint goes a long way.
One of the quickest, easiest, and most cost effective ways to update your space and make it more appealing to potential buyers is with a coat of paint. Painting a room can completely change the feel and make the space feel more open and inviting.
If you haven’t painted your home in a while, you’ll definitely want to repaint before you start showing your home to potential buyers. You’ll also want to repaint if you have a number of colors on the walls of your home; the purpose of staging is to showcase your home in a way that allows potential buyers to picture themselves purchasing the home and living there. If they don’t agree with your color choices, it can create a roadblock to them being able to see themselves in the home.
When you paint, choose neutral colors, like an off-white or beige. These colors are universally appealing and will also make your rooms appear more open and spacious.
2. You only get to make a first impression once.
Thanks to the historic inventory shortage, it’s been tougher than ever for potential buyers to find a home. And if they do find a home that suits their needs, beating out the other buyers vying for the property has been tough as well.
Up until recently, the hyper-competitive market was starting to discourage potential homebuyers. In fact, in March 2018 the number of buyers requesting home tours dropped 1.4% nationally, and the number of buyers writing offers dropped nearly 2% (according to the Redfin Housing Demand Index).
However, according to the Demand Index, in April, newly listed homes for sale were up an impressive 6.6% year-over-year. It looks like the tides are (finally) starting to turn for potential homebuyers.
This increase in inventory should make it a bit easier out there for potential homebuyers. So if you've been thinking about purchasing a home, now is a great time to make a move.
When you hire a real estate agent to sell your home, there are obvious things you notice them doing to help your house sell. Things like: hosting open houses, bringing potential buyers on home tours, and marketing your property in multiple ways to make sure it gets enough exposure.
But when it comes to adding value to your home sale, that’s just the tip of the iceberg. A huge percentage of your agent’s job takes place behind-the-scenes, and they’re working around the clock to get your house sold — even when you’re not looking.
Here are 4 behind-the-scenes way your real estate agent is working to get your house sold:
1. Performing market research
When it comes to pricing your home, your agent doesn’t just pull a random number out of a hat. Your agent’s recommendation is a result of extensive market research to ensure your home is priced in a way that’s attractive to both buyers and you, the seller.
Agents pull data on comparable properties in your area (from both the MLS and any public databases) for the past 12 to 18 months. They research how each home was priced and how the price correlated to the average time the property sat on the market before coming up with a CMA (comparable market analysis) to determine the market value of your property and suggest a listing price.
All the insights gathered from your agent’s...
It’s Sunday morning.
You’re scheduled to go out and see houses later on with your real estate agent. But it’s nasty outside. It’s beyond pouring. You can’t even imagine walking from the car into a house. You’d rather just cancel the appointment and hang inside, maybe watch some TV.
You can always go see the house next weekend.
But should you wait for next weekend?
Should you even wait to go see houses only during the weekend?
There’s five weekdays you can go see houses. Is there a better day than a Sunday?
What if someone else scoops up the house before you end up getting out to see it? Right?!
Sure. Totally a possibility. And, totally a reason to motivate and go see that house today in the rain.
But that’s not the point of this article. The point is that the best day to see a house is not necessarily Sunday. It’s also not necessarily not Sunday.
The best day to go see a house is when it’s raining. Even better if it’s raining heavily. And it’s best if it’s been raining for a few days straight.
It’s the future. You skipped going to see the house in the rain, but you ended up buying it eventually. Of course you had a home inspection done on the house during the process. But that was a sunny day, and it hadn’t rained in some time.
Then, after you’ve lived in the house for a while, you start to notice a drip in the ceiling. Or some dampness in the basement. Or worse, actual water on the basement floor.
You’d probably be pretty upset. You’d feel like the owner should’ve disclosed it. You feel like there’s no...