Stage To Sell

“Price gets you interest. Staging it gets you offers!”

Posted on 02 March 2010

Gary Keller, author of “Shift: How Top Real Estate Agents Tackle Tough Times” and Chairman of Keller Williams Realty appeared on ABC’s Good Morning America last week to discuss how to sell a home in a buyer’s market.

His most publicized quote from this interview (which has set Stager Blogs around the nation afire) is as follows:

“Price gets you interest.

Staging it gets you offers!”

Keller hit on a point that I often emphasize with my Los Angeles Home Staging clients. Right now we’re in a buyer’s market, and you’re kidding yourself if you think your buyers aren’t well aware of that fact!

Unless you create a sense of urgency for buyers to make an offer, they are likely to sit back and wait for your first (or second, or third) price reduction!

So how do you create a sense of urgency? That’s simple! Gary Keller has already told us:

1) PRICE

and

2) PRESENTATION (or STAGING)

Let’s look at both of these factors:

Price

If buyers perceive that the home is listed for an already competitive price (versus at or above market value), they are much more likely to move quickly to make an offer. Why? Because despite the market slump, everyone knows that eventually real estate will rebound. And if your buyer is looking for a long-term investment, s/he will have time to wait that out. If a home is perceived as a good value for the money, savvy buyers know they will not be the only ones interested and will be quicker to write an offer.

Presentation/Staging

The second way to create a sense of urgency with buyers is to make your home stand out from the competition. And the best way to do that is with Home Staging.

If your want your home to stand out from other similar homes on the market, you have to make your buyer fall in love with your home. Without that emotional connection, your house will just be one of many a buyer might consider based on price, condition and location. BUT if a buyer walks into your Staged home and falls in love with it, she will begin to “mentally move in” and to envision herself and her family living in – and loving – your home. Once the buyer starts picking out which room little Johnny will sleep in and which room she’ll use for her home office, you can be sure an offer will follow!

As a professional Home Stager in Los Angeles, I can attest to the fact that the well-priced single family homes and condos that we Stage are selling QUICKLY and in MULTIPLE OFFERS for OVER ASKING.

Want proof? Here are just a few of our recent results:

So remember when you’re preparing your home for sale that there are two important factors to consider if you want results like these. As Gary Keller so nicely put it, “Price gets you interest. Staging it gets you offers!”