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Understanding the Crucial Role of Home Staging in the Home Selling Process

Nov 24, 2022

Homeowner Insurance

Understanding the Crucial Role of Home Staging in the Home Selling Process

Right now in the U.S., it takes 30 to 45 days on average to close on a home sale in the U.S. However, this largely depends on the location of the house and market trends. The good news is that you might be able to speed up the process and close the sale faster. Real estate experts say that in any economic climate, the chances of selling your home get slimmer with time. This is because potential clients will likely assume that your home does not meet the quality standards. Home staging is one great way to increase the chances of selling your house quickly. Read on to learn more.

What is Home Staging?

Before you put your house on sale, you need to prepare it to increase the chances of getting offers. The process of preparing it is called home staging. It involves cleaning, landscaping, remodeling, renovation, redecorating, and decluttering, among other home improvement strategies.

What are the Benefits of Home Staging?

Home staging can generally reduce your property listing period by up to 50 percent. More specifically, it:

  1. Improves the curb appeal

    Curb appeal can turn a passerby into a potential buyer and a potential customer into a paying one. A home with good curb appeal will likely attract physical and online attention. Therefore, before you list your house on the real estate market, ensure you conduct thorough staging to improve its curb appeal. This is important as the appearance of your home is the first thing that will catch a potential buyer's attention. The curb appeal largely determines whether or not a person will make an offer.

  2. It makes a house look "move-in-ready"

    Over 70 percent of American home seekers want a "move-in-ready" house. Such a house is easier to settle in, considering repairs and improvements will not be necessary. Since home staging involves fixing the flaws in your property, it makes the home look new and "move-in-ready." Therefore, during home staging, remember to incorporate innovative home technology, install new appliances, update bathrooms and kitchens, and update the air conditioning system.

  3. Helps in marketing the home

    One great way to advertise your home is by offering good quality per potential customers' preferences. With a beautiful home, you will have less to explain to a potential client to convince them to make an offer. Keeping this in mind, incorporate quality improvement aspects during home staging to increase the chances of getting offers without aggressive marketing.

  4. It opens the way for better offers

    It is possible to get a good offer on your house, especially if you have several offers to compare. But for your house to attract multiple offers, it has to be appealing in all aspects, including quality. Home staging improves the general value and appearance of your home, something that can open ways for multiple and better offers.

How Tompkins Insurance Agencies Can Help

Selling your house and moving on to the next one is the perfect time to reassess your homeowner insurance. The right coverage helps protect your most valuable asset. Contact the team at Tompkins Insurance Agencies for assistance in maximizing your property insurance coverage. We can help assess your home inventory and offer an insurance plan that suits your budget and coverage needs.

Sources:

https://static.elliemae.com/pdf/origination-insight-reports/ICE_OIR_SEPTEMBER2021.pdf

https://www.forbes.com/advisor/mortgages/is-home-staging-worth-it/

https://www.rocketmortgage.com/learn/home-buying-statistics

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