Staging Makes the Difference
Can a house be too big? This million dollar home in Bay Village has beautiful custom features any buyer would love! But when vacant, the space was so large it was difficult for buyers to envision. Filled with custom furniture and accessories from our 6,000 sq. ft. of inventory, this home is spectacular! High end homes have taken a real beating in today’s real estate market with some homes being on the market for years. After staging, this home sold in less than 9 month for the asking price! Staging makes the difference!
|Time on Market||37 days||182 days|
|Carrying Costs $8335/ mo. mortgage, utilities, taxes||$ 16,670 (based on 60 days)||$ 100,020 (based on 182 days)|
|Cost of Staging *varies by home||$ 3,500||—|
|Average Sale Price||$ 1,000,000 asking price||$ 900,000after two $50K price reductions at 2 mo / 4 mo|
|Net Sale Price – carrying / staging cost||$ 979,830||$ 799,980|
Value of Staging
$ 179,850 !!
*Specific example based on available information. Results differ based on individual properties.