As the spring real estate season comes to a close and summer is in full swing, the 2022 summer and fall housing market predictions are coming in! Will the market stay hot, or will it cool down? All signs are leaning towards a cool down. Real estate will continue to transition from a sellers’ market and start to favor more buyers as we work our way through mid- to later 2022. We will begin to see a slight increase in the number of homes that hit the market.
Here are some things to look out for, and how staging ties into the sale of your home now more than ever!
- PRICING. DON’T BE GREEDY. More sellers appear to be reducing their list price. This could be a good indicator that sellers have started pricing way too high and need to get their expectations back into perspective. Be sure to follow the advice of your real estate agent on the current market trends and pricing. When using professional staging, according to NAR 52% of agents see a sales price increase of 1%-20%.
- BE REAL ABOUT MARKET. Homes are selling fast, but they are not selling as fast now. That means homes are sitting on the market much longer. The condition of the home matters. Buyers will notice flaws and become pickier. When you stage, you can show the home in its best light and minimize buyer objections.
- BYE-BYE BIDDING WARS. Gone will be the days where you will find endless multiple over asking offers. Instead of taking that price reduction, home staging is your key to a better offer. Staging makes the home appear to be more well maintained, cared for, and move in ready
- IT’S NOT THAT BAD. Putting the property on the market as is won’t cut it going forward. This is a buyer’s world, and sellers need to be more creative and proactive in order to get the offer they desire. Preparing your property with staging will allow your listing to show better in pictures and at your showings. Marketing the home properly is necessary and using the crutch “its not that bad” isn’t going to do anything but hurt you at the closing table.
While most of the world is holding tight to their wallets in preparation for a recession and battling ever-climbing inflation…professional home staging is a cost-effective investment. It is frustrating to hear “staging is too expensive” when it in fact is value added, and there is always a return on the investment. Without a doubt the real estate market is shifting, and it is going to be a key tool this summer to get the offers you are looking for. The cost of staging is always less than a price reduction.
If you are not sure and are curious on the investment staging will be on your property, we always offer free quotes at Impact Home Staging Experts. Please call us at 248-591-4290 to get your free quote today and get on our calendar.
