Today's market is tough in many areas across the country. House prices are declining and depreciating in many areas, with some lucky regions holding strong to their values. No matter what the situation, we have to remember this: Staging Works. In any Market.
How can we say that when a Seller might have to drop their price after the Staging is done? If they have to drop their price, doesn't that mean the Staging didn't work?
No. And this is why.
A Seller only has control over two factors - how their house presents (Staging) and the list price. When one of these is out of balance based on the market conditions, the house won't sell.
When a house is properly and professionally Staged and does not get an offer, the price needs to be adjusted. When it adjusts to where the market supports that type of house or product, it will sell.
So for example, when a Seller has to adjust their price, their natural assumption is, "Gee - that $2,500 fee I paid for Staging was a waste of money - It didn't work because I still had to drop my price."
Really? Did you get an offer? Did you sell your house? And when you sold your house did you only sell $2,500 worth or did you sell the whole thing? Ah-Ha!
We have to help our sellers (and some Realtors) understand that Staging is an investment in getting a house sold. And that investment pays off when a Buyer comes along and buys the WHOLE house - replacing the Seller as the owner. For example, when the house is $500,000 - and the Seller invests $2,500 to Stage, and a Buyer offers $495,000 - did the Staging fail because the Seller "lost" $5K?
No. The Staging WORKED - because the Seller got $495,000 after it was Staged. The Staging returned his investment 198-fold (198x2500=$495,000).
This is a paradigm shift in thinking - because most Sellers will apply what they paid against what they have to drop in price instead of looking at it from the perspective of what they received. What they received was an offer on their house.
The Staging worked.
And they can be happy in the knowledge that their competition that is un-Staged and on the market will sit and sit - and continue to drop in price - usually 5-10% each time. This means that the un-Staged house will eventually sell at a significantly lower price than the Staged house.
The Staging worked.
When the house is Staged and does not sell at the list price - and the Seller has to reduce in price - and then a Buyer makes an offer - that is a success story. The Staging worked. It brought a Buyer. And the Seller is able to move onto their next phase of their life.
Eventually we may return to the days of the hot market where multiple offers exist all over - and the Staging helps a Seller get more than their list price - increasing the return on investment even more!
Staging works.
In fact. . . The only time Staging does not work - is when it is not used.
- Jennie
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Let the Experts at We Stage Sacramento set the Stage in your house or listing. We are your regional experts and partner with Realtors and Sellers throughout the Sacramento region including Placer County, El Dorado County and Sacramento County. With over 2,200 houses Staged since 2002. we have the most expertise and experience to serve you. Give us a call at 888-WE-STAGE to set an appointment with one of our Staging Specialists. We Stage Occupied and Vacant houses - and have a large inventory of tasteful, unique and high quality pieces, flexible pricing and terms.
We are here to serve you - and excited to help you get your house Staged and sold!
www.WeStageSacramento.com WeStageSacramento@comcast.net 1-888-WE-STAGE
