On average, staged homes sell for 1-5% higher than unstaged homes while 21% of realtors stated that staging a home increased the dollar value of the home between 6-10%. The same report found staged homes sell faster. National Association of Realtors (NAR) “2017 Profile of Home Staging.”
Nationally, the cost of full staging is roughly 1% of the sale price while the cost of a consultation is a tiny fraction of 1%.
Typically, a price drop of $10,000 results in only $150 less for a real estate agent. So, when a property is not selling, dropping the price is pretty painless for agents. Why not keep the asking price the same, bring in a professional who has time to give you detailed advice, and then check the impact on buyers?
The cost of fully staging your home is usually less than a price cut for a property that has not sold after months on the market.
Staging costs are deductible as “advertising” expenses when you sell primary & secondary homes. Click for another reason to stage (2 of 3).