It’s no secret that staging a home works. That’s why model homes have such a broad appeal. According to the National Association of Realtors, 77 percent of buyers’ agents say that staging makes it easier for buyers to visualize themselves living in a home. But to save time and money, virtual staging is catching on.
As the name implies, virtual staging is when professional designers overlay images over a home with furnishings on a computer. In most cases, it is ideally done on a vacant home as it gives the designer the ability to lay out the virtual furnisher with more flexibility.
Virtual staging can cost several hundred dollars but because it only needs to be done once, can be less expensive that renting actual furniture to stage a home for several weeks. And dragging a sofa across a computer screen is certainly less labor intensive.
Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 4.875 percent, 15-year rates are near 4.25 percent and the 5-year ARM is averaging 4.5 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.