STAGING WITH "BEST" IS THE WAY TO GO, DON'T PAY UNTIL CLOSE OF ESCROW!
To Stage Or Not To Stage...That Is The Question!
Home staging is a proven strategy that can lead to significant returns. While some homeowners are hesitant to spend money on making their homes more appealing to potential buyers, others recognize the value of this approach and are eager to make the necessary investment. By taking steps to stage their homes, homeowners can increase their chances of selling quickly and for a higher price.
Staged homes sell 73% faster than non-staged homes, according to The Mortgage Reports. In today's competitive real estate market, it's important for agents to use every advantage to cater to discerning buyers.
Contrary to old-school belief, staging is not a luxury reserved for high-end listings; it's a game-changer for homes at every price point. Partnering with a professional stager has the potential to elevate a property's appeal significantly. Picture the power of clean and fresh linens, fluffy towels in bathrooms and a clutter-free kitchen — these personalized touches not only resonate with potential buyers but also add a sense of warmth and livability to the space.
Thoughtful staging creates a positive atmosphere, prompting buyers to envision their future in the space and generating excitement and positive conversations.
Investing in staging can lead to higher offers, a faster selling process, and attract more potential buyers.
- 85% of relators say staged homes sell on average of 5% more
- 81% of buyer's agents say staging affects the buyer's view of the home
Did You Know?
Home staging is much more than just ‘styling’ a home. It is targeted marketing with a ROI.
Research shows that around 75% of sellers who stage their homes professionally see an ROI of between 5% and 15% over the asking price. Investing just 1.3% of your home's value in staging can result in an average over-list return of 7.1%.
Additionally, It is important to note that home staging costs can be considered as advertising expenses and thus, are eligible for deduction. The Internal Revenue Service (IRS) has a broad interpretation of what constitutes advertising for home sale purposes. This includes the payment made to a professional home stager to enhance the attractiveness of your home to potential buyers.
Upon computing your tax obligations, you can deduct these expenses from the sale proceeds, along with other sales expenses, such as legal fees, real estate broker's commission, and other fees and costs. This will help reduce the taxable profit earned from the sale.
Please ensure that you retain a copy of the receipt from the home stager, in the event of an IRS audit. It is imperative to have a good understanding of the tax implications when selling a home. As such, we recommend consulting a tax professional for guidance on how to navigate this process effectively.
