In March, Keller Williams Realty will be releasing the most recent KW Research Home Seller’s Survey. Below is a sneak peak of some of the great information that will be made available in the full report!
Pricing Research
Sellers who listed their home at the price originally recommended by their agent sold their home:
38 days faster: This would save a mortgage payment and taxes and insurance, for example: For a $200,000 home with a 20% down payment and 6.5% interest rate, the principal and interest alone would be $1,101*
For 2.25% higher: 2.25% of $200,000 is $4,500*
With 1 less price reduction: The average price reduction was $11,042.
* Averages based on national survey data. Actual dollar amounts are for example only.
Set the Stage
Is it worth it to stage your home for buyers?
The Keller Williams Realty Getting The Home Sold study found it typically took between 2-6 hours to stage a home and cost an average of $523, including the cost of a staging professional and items purchased or rented. So what is the benefit? The study found the average increase in list-to-sell in staged homes was 1.08%. For a $200,000 home, that translates to a net profit of $1,637 from staging. Well worth it!
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Source: Keller Williams Realty Research Getting the Home Sold, pulled 2/18/2010.