Short Answer: Yes It Is. Long Answer: It Really Depends.
So you’ve decided to sell, and are getting ready to put your home up on the market- fantastic news. You’ve found an agent, made all the necessary repairs… but there’s just one problem: the house is empty. Is that actually a problem? That really depends.
As real estate appraisers, we look at a wide variety of homes every day- some completely furnished, some completely empty. We were curious as to how staged houses– or vacant homes on the market that have been made-up to look like they’re currently lived in- fare on the market in comparison to empty homes, regardless of their age or condition.
We spent some time searching for recent sales of both staged and non-staged homes, and were a little bit surprised by our results:
When it comes down to it, a fully staged home will sell for around the same price as one with similar features in the same market area- but it will certainly sell faster.
Jonathan Montgomery Founder and President of the The Real Estate Appraisal Group. He has been a real estate professional since 1998. He’s been a broker, and investor, and now serves as an appraiser. He currently works as an appraiser, doing real estate appraisals in Washington D.C., Southern Maryland, and Northern Virginia.