1. Home staging is expensive.
You don't need to spend a lot of money to stage successfully. On average, you should expect to spend about 1% of the value of your home on staging. For example, if your home is worth $200,000, you will probably not spend more than $2000. If you're home is in good shape, you could spend considerably less. After staging, you will easily be able to add that much to the asking price, and often 2-3 times that amount.
When clients are hesitant about the cost, I often tell them this. The cost of staging is usually significantly less than the cost of the first price reduction. Think about it. It's not common for a home on the market to never have any price reductions. How much is a typical price reduction? Often, it's at least $5,000, but usually $10,000, and sometimes more. And don't forget that many homes go through more than one price reduction before being selling.
Kelly K. Gardner
Licensed Associate Real Estate Broker