Home Staging Richmond VA

Home Staging Richmond VA

Home staging is a part of our complimentary concierge services we offer at Tina Morris Co, and we consider it to be one of the most important steps in marketing your home. When we team up with our Professional Staging Team to create a plan for our clients, our main goal is to create a warm and inviting environment, focusing on the best architectural features and selling points. We want to help potential buyers visualize the property as their future dream home.

Let’s look at some statistics on why home staging is so crucial in the real estate market.

1. Homes Sell Faster

According to the National Association of Realtors, staged homes typically sell 88% faster than non-staged homes. This statistic alone highlights the impact that staging can have on the speed of a home sale.

2. Increased Sale Price

Staged homes also tend to fetch a higher sale price. The Real Estate Staging Association reports that staged homes can sell for up to 20% more than non-staged homes. This significant increase in sale price is a compelling reason to invest in staging.

3. Enhanced Buyer Appeal

Staging helps potential buyers envision themselves living in the space. By creating a welcoming and attractive environment, staging can make a property more appealing to a wider range of buyers, increasing the likelihood of a successful sale.

40% of home buyers are more willing to visit a staged home they saw online.

Staging helps 81% of buyers find it easier to visualize a staged property as a future home. This means that staging can significantly impact how potential buyers perceive a property and envision themselves living in it.

Additionally, staging prompts 27% of buyers to overlook property faults. By highlighting the positive aspects of a home through staging, potential buyers may be more willing to overlook minor imperfections or issues.

Buyers also tend to linger in staged homes an average of 40 minutes—compared to just 6 minutes overall. This extended time spent in a staged home indicates that buyers are more engaged and interested in properties that have been professionally staged.

4. Competitive Edge

In a competitive real estate market, staging can give sellers a crucial edge over other properties. Staged homes stand out in listings and showings, making them more memorable to potential buyers and increasing the chances of receiving offers.

5. Positive First Impression

First impressions are key in real estate. Staging a home ensures that it makes a positive impact on buyers from the moment they walk through the door. This initial impression can set the tone for the rest of the viewing and influence a buyer’s decision-making process.

Tina Morris is a top real estate agent in Richmond, VA. Together, we can create a customized plan for selling and marketing your home, including the staging process.

Let’s look at some of our recent staging projects!

Ask us about our complementary staging services at Tina Morris Co!

lower mortgage rates

What do lower mortgage rates mean for buyers?

Lower Mortgage Rates Are Bringing Buyers Back to the Market

As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling.

Now, however, rates are beginning to come down—and buyers are starting to reenter the market. In fact, the latest data from the Mortgage Bankers Association (MBA) shows mortgage applications increased last week by 7% compared to the week before.

So, if you’ve been planning to sell your house but you’re unsure if there will be anyone to buy it, this shift in the market could be your chance. Here’s what experts are saying about buyers returning to the market as we approach spring.

Mike Fratantoni, SVP and Chief Economist, MBA:

Mortgage rates are now at their lowest level since September 2022, and about a percentage point below the peak mortgage rate last fall. As we enter the beginning of the spring buying season, lower mortgage rates and more homes on the market will help affordability for first-time homebuyers.”

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

The upcoming months should see a return of buyers, as mortgage rates appear to have already peaked and have been coming down since mid-November.”

Thomas LaSalvia, Senior Economist, Moody’s Analytics:

“We expect the labor market to remain robust, wages to continue to rise—maybe not at the pace that they did during the pandemic, but that will open up some opportunity for folks to enter homeownership as interest rates stabilize a bit.”

Sam Khater, Chief Economist, Freddie Mac:

“Homebuyers are waiting for rates to decrease more significantly, and when they do, a strong job market and a large demographic tailwind of Millennial renters will provide support to the purchase market.”

Bottom Line

If you’ve been thinking about making a move, now’s the time to get your house ready to sell. Let’s connect so you can learn about buyer demand in our area the best time to put your house on the market.

update your house

Should You Update Your House Before You Sell?

Before you update your house for listing, call us for our professional advice.

Should You Update Your House Before You Sell? Ask a Real Estate Professional. [INFOGRAPHIC] | MyKCM

Some Highlights

  • You may be wondering what needs to be renovated before you sell your house. In today’s shifting market, making your house appealing is more important than ever.
  • That’s why it’s essential to lean on a real estate professional who has in-depth knowledge of today’s housing market. They know what buyers are looking for and how to highlight any upgrades you make.
  • Let’s connect so you know where to focus your efforts so your house will stand out in a today’s market.