"The investment in staging is far less than the cost of a price reduction on your property."
The longer your home sits on the market, the smaller your pool of interested buyers will be, and the greater potential for the need to reduce your price. This is money you will never be able to recover, not to mention the stress and disappointment that accompanies this scenario.
A fact from the National Association of Realtors - Price reductions average between 10 - 20% with the normal being 15%.
On a $250,000 home, that is a $25,000 - $50,000 drop
On a $500,000 home, that is a $50,000 - $100,000 drop
On a $1,000,000 home, that is a $100,000 - $200,000 drop
In today's market, you cannot afford to not stage your home!
From Seattle Times article dated February 12, 2012, "How to sell a home in a down market"
(excerpt) "We're in a price war and a beauty contest" says Tony Vehon, broker and owner of Weichert Realtors. "Every home has to be priced right and look perfect."
"Staging is no longer an option."