Friday, January 2, 2009
Wednesday, December 31, 2008
Staging put simply is merchandising your home for sale, like you would any product you want to sell well. It's all about how you display your property. Neutral colors...simple furniture and minimal accessories allows your buyer to envision the house as their home.
Stats: When you list your property with a Realtor, they list the home on MLS. This is where people go to preview homes that they will want to tour or make offers on.
When you put only 1 photo on MLS, you will get an average of 5 views and 1.37 leads.
When you put 21 or more photos you will get an average of over 77 views and 11+ leads.
It is important to make these photos talk! Staged photos will have the biggest ROI (Return On Investment) Clearly, the listings that added 20+ photos generated nearly 10 times the number of leads and over 15 times the number of views.
This is a list of stats about how many days the market (DOM) correlating to how many pictures are shown on MLS: 1 photo = 70 DOM
6 photos = 40 DOM
16-19 photos = 36 DOM
20 photos max=32 DOM
Price as a percentage of the Original Price also showed a direct correlation.
1 Photo = 91.2% of Original Price
6 or more = 95% of Original Price
According to these findings, a $600,000 home, sporting only one photo, could sell for as much as 3.8% LESS or a loss of over $22,000, just because there was only one photo accompanying the listing. More amazing is the fact that only 12% of agents posted the maximum 20 photos.
**Source Point2 (point2.com) & *Source FSBO Blog 5/2008
Friday, December 26, 2008
Actually, this slow down has come at a good time in some ways for us. At least I have Chris around to help me as we prepare to move to Idaho. The bad thing is that there is no income right now...and that is never good.
I am very much looking forward to getting to Idaho and getting busy again. I know that staging is being used more now than ever. In this economy, where it is a buyer's market, sellers are using all the tools they can to make their house sell faster and hopefully for the asking price they are wanting. I can't wait to get there and be part of the real estate market.
Well...Happy New Year again and I hope the coming year improves for you and you have a healthy year!