Vacant properties do not show well.
An empty home feels small, cold and uninviting…. and makes the seller appear desperate for a quick sale. In addition, most home buyers have trouble figuring out the purpose of an empty space.
Statistics show that home buyers only stay in a vacant home an average of 5 minutes versus lingering for an average of 40 minutes in a furnished home. The investment for staging a vacant property is nearly always LESS than one percent of the asking price.
Once you figure out what your monthly holding costs are (i.e., monthly mortgage, utilities, insurance, taxes, yard maintenance, etc.), along with the typical price reduction ($5,000 – $10,000) that comes after a couple of months on the market due to lack of buyer appeal, the staging investment can actually be calculated as a huge savings.