While MFR industry watchers debate whether the record-breaking pace of apartment rent prices will slow as year-end approaches, recent data released in the Yardi Matrix National Multifamily Report suggests that any conclusions about prices slowing down may be premature.
Is Home Staging my Flip Really Necessary in this Hot Market?
Olivia Rhye
11 Jan 2022
•
5 min read
Considering the heat of the current single-family home market, some real estate investors are asking themselves if the added expense of home staging is really necessary.
According to a Real Estate Staging Association (RESA) study conducted prior to the Covid-19 pandemic, of 1,081 sold homes studied, those that were staged prior to being listed sold on average in just 23 days.
With current inventory shortages, homes in many U.S. markets today are moving even faster than that -- staged or not. However, regardless of market heat, staging is rarely a waste of money and effort, since giving buyers a stunning visual of a home's potential can have a significant impact on final sale price.
Is staging my flipped house really necessary?
The RESA study found that of 1,081 sold homes, unstaged homes spent an average of 184 days on the market (with no sale) before they were subsequently staged and sold. After staging the unsold homes, they sold on average in 41 days. Homes that were staged prior to being listed sold on average in 23 days:
Days on Market
NOT STAGED at LISTING
Average 184 days on marketSTAGED AFTER NOT SELLING
The rise of RESTful APIs has been met by a rise in tools for creating, testing, and managing them.
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Engineering Manager, Layers
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Introduction
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Conclusion
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Is Home Staging my Flip Really Necessary in this Hot Market?
Considering the heat of the current single-family home market, some real estate investors are asking themselves if the added expense of home staging is really necessary.
According to a Real Estate Staging Association (RESA) study conducted prior to the Covid-19 pandemic, of 1,081 sold homes studied, those that were staged prior to being listed sold on average in just 23 days.
With current inventory shortages, homes in many U.S. markets today are moving even faster than that -- staged or not. However, regardless of market heat, staging is rarely a waste of money and effort, since giving buyers a stunning visual of a home's potential can have a significant impact on final sale price.
Is staging my flipped house really necessary?
The RESA study found that of 1,081 sold homes, unstaged homes spent an average of 184 days on the market (with no sale) before they were subsequently staged and sold. After staging the unsold homes, they sold on average in 41 days. Homes that were staged prior to being listed sold on average in 23 days:
Days on Market
NOT STAGED at LISTING
Average 184 days on marketSTAGED AFTER NOT SELLING
