Our study shows 126 homeowners had their property on the market on average of 263 days before they decided to stage.
263 days = 9 months!!!
Our study also shows 284 homes that were staged before they went on the market and they sold on average in 40.5 days.
This is approximately 223 days less time on the market.
223 days = 7 months
As an example, using this formula you can determine approximately how much money you will continue to spend while your home is on the market un-staged.
If your mortgage is: $1800.00
If your direct expenses are: $300.00
Total carrying cost per month: $2,100.00
Our study shows home owners had their property on the market for an average of 9 months. $2,100.00 X 9 months = $18,900.00 in expenses.
Had those homeowners staged first, their time on market would have been cut by 223 days on average (7 months). $2,100.00 x 7 months= $14,700.00
Staging their homes first would have saved them $14,700.00.
** If you have a price reduction you can also add that into the loss you are taking by listing a property un-staged.
This information is provided by RESA for more information go to: www.realestatestagingassociation.com