+1 Realtors receive kickbacks for everyone they refer you to. Most people don't understand this. |
DP here but you're smart to just pay for the staging. You're likely netting more clients just by offering that service. Plus you can make sure the home looks good so it sells for the best price, which also leads to more referrals. I agree with you that most realtors are unsuccessful because they look at what clients can do for them rather than the other way around. You have to offer something to build a sustainable client base, but most of the realtors just don't get this. |
“Smart” means pp is charging his/her clients a higher-than-necessary rate to pay for staging that no comprehensive studies, just anecdotes, says is effective. |
+1. There’s a reason law requires you choose your own appraiser. But “you should hire my painter Joe and my handyman Jeff to fix up your house so I get a higher commission both in terms of the higher rate I’ll charge you for this ‘advice’ and a possibly-but-not-guaranteed higher selling price”—hard pass. Our parents did this on their own. We can too. |
You’ve only sold this one house since March? In a desirable close-in neighborhood? What about the other sales you made where you foisted staging and your own contractors on the sellers with less success? I suppose it was still a win for you, if not for the sellers. |
Someone with a finance degree from a top three school is trained to look for corruption everywhere because it is the hallmark of corporate America and the government. I have been a real estate agent for years and use many people who do work on houses. The closest I get to a kickback is the carpet guy who sends me an annual Jesus calendar. I am usually the one who buys lunch for a crew because they work on a Saturday and Sunday or tips them well because they finished painting a house a day earlier and I can get it on the market faster. I feel very sorry for you that you were trained to see dishonesty in everyone. It must be a very difficult way in which to live. |
Despite your lack of reading comprehension skills, let me explain: "the sale of a listing that sold for 8.9% above best comp from March 2023." This means in the particular neighborhood, only one similar house sold since 2023. When establishing prices for a house a real estate agent looks for similar houses that are called "comparable sales" or "comp" as most people who read the real estate forum understand. I have listed or represented buyers in the sales of 27 properties since January 2023. I have five pending sales that will close by mid-September. I don't have any listings that haven't sold except for three new construction properties that are barely begun. I am putting one new listing on the market on Saturday and it was staged today. I paid for the staging. A painter will start painting another listing on August 5. Happy to keep you up to date on my sales through the year. I enjoy foisting things on those of a limited sort. |
PP here. Look, I think that realtors are among the most unethical professions ever. I'm actually the poster who said they receive kickbacks for everyone they refer you to. But if the realtor in this thread is charging 5% commission (presumably 2.5% for each agent), then that's the average rate. Most realtors charge 5% without offering free staging. |
Well, pp has an anecdote. All you have is speculation. |
Yes. Actually, it’s not a question of “smart” or “stupid;” many (most?) people are very bad at looking past bad decor and seeing the possibilities in a space. Look at the responses to almost any listing that is posted here. Most of the comments will be about the decor or other layout issues that can be easily remedied. We got a great deal on a house in a fabulous location because the owner had too much furniture and hadn’t painted in 20 years. My DH couldn’t see the potential, but he trusted me. Judging by how long it was on the market, other people couldn’t see it, either. There was nothing at all structurally wrong with the house, and it had great “bones.” In any case, you’ve created a strawman — I’ve never heard of someone charging $10-40k for what you define as “staging” for a normal house. And every time someone posts an example where they followed a stager’s advice and paid $1,000 for rental furniture and had a good result, you argue that isn’t *really* “staging.” I agree that staging isn’t worth spending $40k, but it’s silly to extrapolate from this that getting advice on how to prepare your house for sale is worthless. |
I feel like a lot of posters on this thread are 55+ and haven't bought a house in 10 years. Things are different now, agents charge a 5% commission and many (if not most) of them include staging as part of their services. Some will do "virtual staging" where they photoshop in your pics, but I think that's so lame. |
Yes, we know staging is a “thing” as you young whippersnappers say. ![]() Let me help you. What OP and others are asking is whether staging is worth it. Or whether instead it’s something unnecessary that realtors introduced to stay relevant in an era where you no longer need them to point you to open houses because you can find them online yourself with just a few clicks. Also whether realtors love staging because they get some kind of payback from referring their own contractors to you. The payback could be “soft” in the form of gratis repairs on their own homes, or could take the form of actual kick-backs as one pp suggested. One naive but smug person claimed it was sad to question this. Another realtor says s/he never takes the hard kickbacks—but who knows about the thousands of other realtors. Another question is whether “staging” just means getting rid of your furniture and moving in their ivory-colored furniture and wall mirrors in sun frames. Or whether it also includes the painting and repairs—which we all already knew we needed to do, thank you very much. Feel free to comment on any of this without your insults. |
Lol, you’re very naive about statistics |
For the love of God can we stop including painting under the rubric of “staging.”
The sellers pay for the painting, not the realtor. Whether the realtor took 30 seconds to forward their painting pal’s phone number is beside the point. Especially if kick-backs are involved but who knows. People have been refreshing their houses since houses were first sold. Probably romans were whitewashing their homes before selling them. This is not something clever realtors recently “invented” to help you. Use your brains, people. |
DP. I totally disagree that most people are bad at looking past old furniture. Don’t believe your realtor when they tell you this. You don’t seem to understand how staging is financed. Pp is correct, that you’re paying for the beige furniture. Many costs are passed through to the consumer, and this is definitely one of them. You’re paying through your realtor, as the realtors here have confirmed. So let’s say you’re paying an extra 1% for the staging, on top of the 4% your realtor is charging to list your house, send a junior colleague to sit there during the open house, and take bids. 1% of a $1 million house is $10k. 1% of a $2 million house is $20k. You get the picture. |