Buyers spend an average of 6 minutes at a home, but form an opinion in the first 15 seconds.
A Coldwell Banker Real Estate Corp. survey found that STAGED homes spent half the time of un-staged homes on the market, and sold for more than 6% above the asking price!
Staging ROI average is 586% (bankrate.com)
Buyers will stay in a vacant home an average of 5 minutes but will linger in a furnished home an average of 40 minutes.
Studies show that the longer a buyer remains in the home, the more likely they are to make an offer.
According to the National Association of Realtors 2017 Survey:
Over 77% of buyers find it “easier to visualize the property as their future home” when it is staged.
58% of sellers’ agents said that staging increased the value of the home between 1 and 20%.
The longer a home stays on the market, the further below list price it drops.
Almost a third (27%) of buyers are more willing to “overlook property faults” when the home is staged.
96% of buyer’s agents said that staging affects the way that buyers view a property.
64% of sellers’ agents said that staging decreased the time a home is on the market.
53% of sellers’ agents reported that they use staging.
Trulia (2012):
Within 78 days, the average seller has discounted their home 8% in price reductions, while hiring a home stager typically costs 1.5% or less.
$200,000 home
8 % = $16,000 in reductions
1.5% = $3000 or less for Staging
$13,000 saved!
Add to that the added months of carrying costs.
To stage a vacant home usually costs less than 1 mortgage payment, but on average will save more than 3 payments.