Despite the name, bidding wars aren’t a bad thing when selling your property. A bidding war is when two potential buyers keep upping their purchase price because they both want the property. Instead of settling for lower price, another potential purchaser could keep increasing their price until the other potential buyer drops out of the purchasing game. While it is impossible to predict what properties will have bidding wars when they are on the market there are a few steps that you as a home stager can take to ensure your client will sell their property for the highest price possible.
Staging for the market is a key step in home staging and can dramatically influence how much attention the property has on the market. If the property is in a family orientated area there is no point staging the property as if a bachelor is your target market. Taking key steps in researching the current market climate, researching the area the property is in and staging the property appropriately is of utmost importance in ensuring the property will receive the attention it deserves on the market.
It is of utmost importance that you as the stager do not over-stage the property you are working on. Over-staging will deter buyers and will also result in a price drop on the property due to a lack of interest. It is your job to allow potential buyers to pay their maximum price for the property. It is for this reason that having a clear target market is of utmost importance. Having a clear image in your mind of who the purchaser will be allows you as the home stager to ensure the property is staged for them. Knowing who the potential buyers are and what their possible purchase price range is will allow you to give your client the best possible chance at staging a property that will have two people fighting over who wants to purchase the property more.
Staging the property so countless potential buyers can see themselves living in the property is a great way to ensure multiple potential buyers. Do this by using neutral tones and avoid overusing any style trends. While you don’t want the property to stay on the market for years it is important to stage the property as if it will still look this year in years to come…is there anything that will go out of fashion? If so, get rid of it. Potential buyers have to be able to see themselves living in the property, not seeing it as if it is staged to look good for this current season.