62% of downtown Boston sellers’ brokers say that staging Midtown condo decreases the amount of time a home spends on the market, according to the National Association of Realtors® Profile of Home Staging, www.nar.realtor/reports/profile-of-home-staging.

In the article it states:

“Realtors® know how important it is for buyers to be able to picture themselves living in a home and, according to NAR’s most recent report, staging a home makes that process much easier for potential buyers,” said NAR President William E. Brown, a Realtor® from Alamo, California and founder of Investment Properties. “While all real estate is local, and many factors play into what a home is worth and how much buyers are will to pay for it, staging can be the extra step sellers take to help sell their home more quickly and for a higher dollar value.”

How does staging impact day’s-on-market for a Midtown condo? 

According to the report, nearly 2/3rd’s of sellers’ agents said that staging a condominium decreases the amount of time the home spends on the market, with 39% saying that it greatly decreases the time and 23% saying it slightly decreases the time. Sixteen percent of sellers’ agents believe that staging either greatly or slightly increases a home’s time on the market, while 8% believe that it has no impact.

What do Boston real estate buyer’s agent say?

77% of buyers’ agents said that staging a home makes it easier for buyers to visualize the property as their future Beacon Hill home, and 40% are more willing to walk through a staged home they first saw online. However, 38% of buyers’ agents said that staging positively affects a home’s value if the home is decorated to the buyer’s taste, meaning that a home’s staging should be designed to appeal to the largest number of potential buyers.

49% of buyers’ agents said that staging has an effect on most buyers. Another 48% stated that staging has an effect on some buyers’ opinion of a home, but not always, and only 4% said that it has no impact on buyers.

Does it increase the value of your Boston condo?

The highest share of buyers’ agents, 31%, reported that staging a home increases its dollar value by 1 to 5%. In addition, 13% said that staging increases the dollar value 6 to 10%, while 25% stated it has no impact on dollar value. Only 1%of buyers’ agents felt that staging has a negative impact on a home’s dollar value.

Sellers’ agents report even more value is added from staging: 29% reported an increase of 1 to 5% in dollar value offered by buyers, 21% reporting an increase of 8 to 10%, and 5% reported an increase of 11 to 15%. No sellers’ agents reported a negative impact.

Bottom Line for Boston Real Estate Sellers’

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1.2 million members involved in all aspects of the residential and commercial real estate industries.

Boston Real Estate for Sale

Loading...
Call Now