Humber/Ontario Real Estate Course 4 Exam Practice

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According to common market practices, what is the most significant impact of a well-staged home?

Increases the market value by 50%.
Ensures faster time on market.
Attracts more potential buyers.
Reduces the need for professional photography.
Minimizes negotiation times.
Makes the listing stand out online.

The correct answer is: Attracts more potential buyers.

A well-staged home is primarily designed to appeal to potential buyers by creating an inviting, spacious, and aesthetically pleasing atmosphere. This appeal increases the likelihood of attracting a larger pool of interested buyers, leading to more viewings and greater competition among those buyers. When a home is staged effectively, it can help buyers envision themselves living in the space, making it more memorable and appealing compared to unstaged homes. While options like ensuring faster time on market and making the listing stand out online are valid points related to home staging, the most significant impact is on the ability to attract potential buyers. This heightened interest typically translates to quicker sales and potentially better offers, as a well-staged home creates an emotional connection and enhances the overall buying experience.