Statistics show that staging can significantly decrease the time a home spends on the market and increase the final sale price. Staging creates a more inviting and attractive atmosphere that helps potential buyers envision themselves living in the home. Here are some tactics that you can use to sell staging to your clients.
Make staging part of the selling process.
Don't treat staging as an afterthought. Integrate it into the process from the beginning. At the initial listing appointment, start a discussion with your clients about staging and the value it can bring to the selling process. Consider bringing a quote/proposal from a professional staging partner to provide your clients with a clear understanding of the costs and differentiate yourself from other real estate agents bidding for the same listing.
Highlight the emotional impact of staging.
Staging is not just about making a home look pretty; it's about creating an emotional connection with potential buyers when they walk in the home. By staging, you can help buyers imagine themselves living in the space and create a sense of urgency to make an offer.
Discuss the benefits and ROI.
Arm yourself with some data. According to a survey by the National Association of Realtors (NAR), over half of sellers' agents believe that staging reduces the time a home spends on the market. In addition, 82% of buyers' agents agree that staging makes it easier for potential buyers to envision themselves living in the home. Staging can also increase the dollar value offered by buyers, as reported by 53% of sellers' agents and 48% of buyers' agents for comparable homes. By presenting these benefits, you can help your clients see why staging is a wise investment.
Although staging requires an upfront investment, it can result in a significant return on investment (ROI) for your clients - through an increased sale price and mitigated carrying costs of the property (e.g., mortgage, taxes, utilities, insurance). As the NAR reports, the median ROI of staging is 10%. This potential ROI demonstrates that staging is not simply an expense, but a smart investment in their home's sale.
Tell a staging success story.
Using a first hand or even second hand story can be a more powerful tool than statistics and data alone. For instance, you might share an example such as, "a similar home in the neighborhood sat on the market, unoccupied, and without furnishings for 90 days. However, after being staged, it sold within the first week of showings." By providing such a story, you can help your clients better understand how staging can work for their own home.
Consider payment options.
Staging is typically paid for by sellers and coordinated with professional stagers. However, some sellers may object to the upfront cost of staging. To address this concern, you can present financing options that your brokerage provides for staging installations. For instance, Compass Concierge and Coldwell Banker's RealVitalize partnership with Angi are examples of staging financing options offered by brokerages. As a real estate agent, you can also ease these worries by offering to pay for a portion or all of the staging costs. If you choose to take this approach, it's important to have a discussion with the seller about reimbursement for this investment at closing.
By taking these steps, you can differentiate yourself and your listing from the competition, help your clients to understand the value of staging, and set their home up for success on the market.
Owner & Staging Consultant at Sizzle Home Staging