According to Zillow’s annual data, the real estate market is considered “very hot” right now. The home value is on a massive upswing, seeing just shy of a 10% increase in the average home value in the past 12 months. The median home value for a home in Knoxville has grown from around $130,000 in 2015 to around $180,000 today. Additionally, the average home for sale spends just over 80 days on the market, down from an average of 130 days in 2015. If you are looking to sell your home in Knoxville, Tennessee, you’ve selected an ideal time. However, it’s important to make sure your house stands out in such a hot market.
Understand the Importance of Staging
When considering staging your home, the most important thing you can do is fully grasp how important staging actually is. You also want to understand exactly how beneficial it is to invest the time and energy into properly staging your home. A recent study, conducted by the National Association of Realtors®, showcased some incredible statistics to prove the benefit of staging. For example, 49% of buyers agents responded positively to the fact that staging positively affects the way that prospective buyers view a home for sale, with 77% of buyers’ agents believing that staging is key to helping buyers see themselves living in your home. When it comes down to dollars and cents, staged homes garnered offers that were typically between 1% and 5% higher than un-staged homes. Simply put, staging a home listed for $200,000 could boost the sales price by $10,000.
Get Rid of Clutter by Any Means Necessary
Clutter can be an offer-killer for prospective buyers. Your home should look as move-in-ready as possible when you open it up for buyer walk-throughs. Purge your closets and cabinets, remembering that buyers want to look behind every door when viewing a home. If needed, rent a storage unit for the things that make your home look cluttered but you aren’t ready to part with. The rest can be donated to those in need.
Add Some Pleasant Little Extras
When staging your home to sell, adding little extras can make a big difference. For example, setting the dining room table with formal place settings like you are preparing to host a dinner party can help buyers picture themselves doing the same activity when they purchase your home.
Look to your Realtor® for Detailed Staging Recommendations
Your Realtor® is your go-to person for expert advice on exactly how to stage your home to reap the maximum benefit. Look for a real estate agent that has a proven track record working as a sellers’ agent. You can find the best real estate agents in Knoxville by utilizing the algorithm created by Effective Agents. The website will shore up a list of sellers’ agents that are most likely to attract ideal buyers to your home.