How much home is too much for luxury buyers?

Homes in the top 1% by price that are between 5,000 and 10,000 square feet were the fastest-selling in the luxury sector in 2020, averaging 97 days on the market, according to realtor.com® data.

In contrast, homes between 2,000 and 5,000 square feet averaged 102 days to sell.

Homes larger than 10,000 square feet averaged 126 days to sell.

So far in 2021, midsized luxury homes—between 5,000 and 10,000 square feet—are continuing to sell the fastest, averaging 110 days on the market.

Larger homes—more than 10,000 square feet—are taking 127 days to sell, while homes between 2,000 and 5,000 square feet are averaging 113 days.

Source: Mansion Global

Virtual staging will attract buyers to the home.

Virtual staging is when you take a picture of a vacant room and then have a graphic designer digitally add furniture to that room.

That way your online pictures for your home look great, but in reality the room is vacant.

Virtual staging can be good and bad. It's good because your marketing pictures look awesome and you will get a lot of people through your door and touring your home.

The bad part is that buyers get disappointed when they show up and the house looks completely different than how it looked in the marketing photos.

Real furniture staging is always best because it helps a buyer emotionally connect with a home and you don't end up with a bunch of disappointed potential buyers touring your home.

But if you must, virtual staging is a better option than showing a picture of a empty room in your marketing pictures.