Preparing a home for sale can be stressful, as there are many different factors to think about. The residential real estate market will always have ups and downs. While selling a home at the perfect time can be tough, it is relatively easy to present a home in its best light. If you are debating whether or not to list your property, it is important to assess the current market and the condition of your home to help determine the decision to sell. When deciding to list, the obvious first step is finding a realtor. You may also consider hiring a home staging company to help with the sale of your home. According to The Mortgage Reports, on average, staged homes sell 73 percent faster than their non-staged counterparts.
4 reasons to consider hiring a staging company to help with the sale of your home
- You need a quick sale: Your dream home awaits, and you have placed an offer on it, but it is a contingent offer i.e., based on the sale of your current home. Real estate is a fast business and if you can’t get the home sold fast enough you run the risk of losing out to another bidder. A staging company has the know-how and experience to get your home in tip-top shape and market-ready so that it sells quickly.
- You’re struggling to showcase the potential of your home: According to reports, 90 percent of homebuyers fail to see the potential of a home. Home staging professionals have a trained eye to get your property into a condition that allows the prospective buyer to see the advantages of living in the space.
- You don’t have time: Getting a home market-ready is no easy feat. It takes time and energy. A home staging company helps take the pressure off, giving the seller the opportunity to focus on all the other important stuff going on in their professional and/or personal life.
- You’re making an investment: The average cost of staging a home constitutes less than one percent of a home’s asking price, but it can generate anywhere between 8-10 percent in returns.
If a property has been sitting on the market for quite some time, there are questions to ask, and consulting with a home staging company can provide some of those answers. The longer a property sits on the market, the more likely its listing price will drop. Forgoing hiring a staging company could effectively cost the seller more in the long run.
Understanding the current market
Buying and selling a home is a monumental personal experience and hiring the right industry professionals is vital to achieve the desired outcome. New listings in Arizona’s Phoenix Metro area climbed 15.8 percent for the first half of 2024 compared to last year, as reported by Phoenix REALTORS®. While the marketplace still has its challenges, there were more than 6,000 new listings in June. While there is more inventory, the number of days on the market has dropped significantly from last year with homes moving quicker. Find the full overview of Arizona’s housing market here.
In Nevada, there were more than 14,000 homes listed for sale in June, up 9.3 percent year over year. The number of newly listed properties was more than 4,000 and up 5 percent year over year, according to reports from Redfin. The Southwest is a desirable area of the country to move to or within.
Due diligence should not be overlooked when selecting the right realtor, home staging company, and title company too. You want to work with a team of professionals that are adept to the challenges of the market and state, as well as the nuances too.
Landmark Title is well-versed in managing complex transactions and overcoming any roadblocks that can occur during the closing process. With more than 40 years of shared experience, our knowledgeable team of escrow and title experts is available to navigate through the steps to a safe and successful close. If you would like to learn more about our services, please contact our residential real estate escrow team here.