ARAMCO Report - The Mother of ALL Mortgage Blogs!

Prepping your home for a spring sale

Posted by Mehran Aram on Tue, Mar 12, 2019 @ 05:03 AM

Clutter doesn’t sell. This is the simple advice offered by staging professionals to those who are listing their home for sale this spring. Open closets, stacks of boxes and trying to hide things in the garage are all things that make it more difficult for house hunters to imagine moving in. According to the National Association of Realtors, nearly half of all buyers’ agents believe that staging has an effect on most buyers’ views of a property.

A poll of home buyers showed that 77 percent say a home that was carefully staged and looked like a family is living there made it easier to visualize it as their future home. Most found the living room to have the greatest effect, followed by the master bedroom and the kitchen.

In addition to increase the speed at which offers are received, one-third of buyers' agents state that staging a home increased the dollar value offered by as much as five percent. With the spring home buying season just around the corner, sellers may want to look around their home and consider the buyers’ perspective.

Conforming no-point 30-year fixed mortgage rates are averaging 4.25 percent, 15-year rates are near 3.75 percent and the 5-year ARM is averaging 4.25 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.

Topics: National Association of Realtors, Mortgage rates, home buyers, Home Sellers