All Forum Posts by: Michel Lee

Hey, Sean the simple answer to your question is yes, staging will recoup you 10k. Why?

Studies show that most sellers that do stage their homes expect a increase return of 1-4%." (Realtor® 2015 Staging Report & News Release). 

That being said you would need a return of 2% or higher on the 600k asking price to see significant returns. In your question, it sounds like you were not offered 600k. So what we can do is use the offer price.

y = price you were offered 

m = months

profit = (.02 times y) - {500 + (m times 1500)

You can also try this formula with a return of 1% and see how this will affect your profits. Hopes this helps! Good luck. 

Hi Brad investors are always welcomed! 

I totally agree. Staging, good pictures, and single property websites. 

Depends on how many homes you plan to invest in each year and what type of investing you plan on do. More than 4-6 homes I say its worth it to get your license and save yourself 3% on every home you sell. 

Now this is also a double edge sword as when you're both the seller and the agent representing the home, the buyer agent might push you to lower the price knowing you're saving yourself the 3%. 

Its all mind games and numbers but from experience the break even point was 4-6 homes before the real savings on commission fees were apparent.