Monthly Market Update – July 2017

Monthly Market Update – July 2017

Inventory is low, so homes are selling faster than ever! But there are still some outliers — homes that, for whatever reason, can’t attract a serious buyer. According to The National Association of Realtors, 2017 Profile of Home Staging – the tipping point may come from a splash of paint and some carefully placed furniture.

Thirty-nine (39) percent of seller’s agents said staging a home “greatly” decreases the amount of time a home stays on the market, and 77 percent of buyer’s agents said a staged listing makes it easier for buyers “to visualize the property as their future home.”

“Realtors know how important it is for buyers to be able to picture themselves living in a home and staging a home makes that process much easier for potential buyers.

Thirty-seven (37) percent of seller’s agents say they ask that clients make minor changes such as:

  • Decluttering (93 percent)
  • Entire home cleaning (89 percent)
  • Carpet cleaning (81 percent)
  • Remove pets during showings (80 percent)
  • Minor repairs (75 percent)
  • Depersonalize home (72 percent)

One question we get frequently is, “Do I have to stage the whole home?”  NO you do not.  Your three most important rooms are the Living room, Kitchen and Master bedroom. Twenty-nine (29) percent of respondents said these changes increased the home’s final selling price by 1 to 5 percent, and 21 percent said the home’s final selling price increased by 6 to 10 percent.

Ninety-eight (98) percent of respondents who were buyer’s agents said home staging has some effect on their client’s decision to make an offer, and 31 percent said buyers are willing to spend 1 to 5 percent more on a home that was staged.

Staging is an extra step for sellers to help sell their home more quickly and for the most money possible.

Be on the lookout for next month’s video market update.  Check out our Fall Home Selling Seminar Dates.  We hope to see you there.

Ultimately, you should hire your expert Realtor months to years in advance to do this for you. WORK WITH An Expert REALTOR WHO UNDERSTANDS HOW TO USE Innovative Marketing techniques.
 
If you are ready to buy, sell or just have any real estate questions, contact us today at 215-757-7257 or TheSwainTeam@gmail.com.  We are happy to help!

Monthly Market Update – July 2017