Humber/Ontario Real Estate Course 3 Exam Practice

What is the impact of home staging on the sale of a property?

1. Home staging is only effective for resale properties.

2. Home staging can attract potential buyers by improving a property's overall appearance.

3. Home staging has no impact on the final selling price of a property.

4. Home staging is less effective in a competitive market.

5. Home staging is only applicable to occupied homes.

6. Home staging requires significant structural changes to a property.

The correct answer is: Home staging can attract potential buyers by improving a property's overall appearance.

Home staging can attract potential buyers by improving a property's overall appearance. This is the correct answer because home staging plays a crucial role in enhancing the visual appeal of a property, making it more attractive to potential buyers. By decluttering, rearranging furniture, adding decorative touches, and showcasing the property's best features, home staging can create a welcoming and inviting atmosphere that resonates with buyers. Ultimately, a well-staged property is more likely to stand out in the market, generate increased interest, and potentially lead to a quicker sale at a favorable price. Option A is incorrect because home staging can benefit all types of properties, not just resale properties. Option C is incorrect because home staging can indeed impact the final selling price by increasing the perceived value of the property. Option D is incorrect as home staging can be equally effective in competitive markets by helping a property differentiate itself from the competition. Option E is incorrect as home staging can be applied to vacant homes as well, not just occupied ones. Option F is incorrect because home staging focuses on enhancing a property's existing features through decor and presentation, not structural changes.