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Are you a seller that just LOVES people traipsing through your home? Looking forward to at least a 6 month market time minimum? I'm always trying to bring my readership great advice and trends. Even though staging is not a trend - some people still aren't convinced of it's advantages.

Great staging advice on what 'not to do' when selling your home & why getting staging advice could be a real benefit for you.  Thanks to Janet Jones in Hawaii.

Via Janet Jones, Kihei, Maui, Hawaii Home Staging/Interior Redesign (Just Your Style Interiors, LLC):

Home Staging1.  We want to test the market for 90 days.  And on the 91st day?  Price reduction--and 90 days worth of potential buyers who have already eliminated your property. 

2.  It costs too much money.  I have never seen a home where the staging costs would have exceeded the first price reduction.  And that doesn't even factor in the monthly carrying cost of the home. 

3.  We can't stage the house, we're living in it.  One common misconception is that staging is only for vacant homes.  Every home/condo can be staged, and you can actually live in it after staging.   

4.  We didn't have to stage any of the other properties we sold over the years.  Yes, once upon a time you could generate three offers by 5 p.m. on the same day your Realtor put the For Sale sign in your yard.  Not now.  Buyers are picky and they have a lot of homes to choose from. 

5.  Everyone loves our house so buyers will love it, too.   What you, your friends and relatives love about your house may not be what today's buyer wants.  Sellers are often baffled by the feedback they get after showings--amazed that buyers have found things they don't like about the property. 

6. We can clean the carpets and declutter without someone telling us how.  Yes, you can (and should) do this, but it is a tiny piece of staging.  Do you know what separates  "clutter" from "asset"?  And what about all the other things that staging encompasses, like traffic flows, highlighting architectural features, updating, and appealing to your target market?

7.  We have no desire to remove/change our _______________ (wallpaper/mirrored tile/gold faucets/paneling/dated light fixtures . . .).  And neither do buyers.  Better to keep your home or be ready to sell at a deep discount. 

8.  The view alone will sell this place.  Then why many months later are these great view homes/condos still on the market?  Could it be that buyers want something to go with the view--like a comfortable, move-in ready home?

9.  We would rather let the buyers makes their own paint/flooring choices.  And that equals a price reduction.  If buyers do make an offer on your home they will double or triple the cost of these items and reflect that in their discounted offer price--which includes a deduction for the inconvenience. 

10. Our home is professionally decorated.  A professionally decorated home is tailored to the owner's particular needs.  Does it work for the new buyer's needs?  You could see #1 above . . . .

These are all great reasons--

  • for price reductions
  • for extended time on the market
  • for buyers not coming to look at your home
  • for buyers not coming back for a second look

There are dozens of reasons not to stage, but only one good reason to stage--getting your home sold faster for the highest possible price.  Staging is preparing your home for sale and creating a home that buyers want to buy.  If you want to be in the best competitive position in this market today, consult with a professional home stager before listing your property for sale. 





 



 

 

 

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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FHA approval,Townhome and condo subdivisions all over the Schaumburg area hire management companies to help them sort out the variety of problems with managing a substantial subdivision. Foreclosures are also a recent addition with lack of payment by owners and by the banks themselves once they own the homes.  

I can't remember when it was ever a tougher financial burden than it is now. Homeowners that join the board to volunteer their services on behalf of others, now have to know finances, budgets, legal proceedings, and construction.  Many associations do have a legal team on board to help them make these decisions and stay within the law.  Many are smaller and feel that the need is just too costly for legal advice during general monthly meetings.

All of these scenarios are correct and within the law for IL subdivisions. But my concern is, when does it become negligence when the management company or attorney DOES NOT advise the board correctly or worse yet not at all?  'Not knowing' can also cause great financial harm.

Case in point with management companies not telling the homeowner board members that their FHA approval and certification has expired last year. It seems that management companies are not aware that FHA approval is no longer for 10 year intervals as in times past.  New guidelines are in place with stricter banking regulations affecting mortgages. All FHA approved subdivisions must re-apply and re-certify themselves with added financial paperwork so buyers can benefit by using FHA loans.

Where is that line with negligence?

Isn't it negligent
for the management companies NOT TO suggest and bring up that renewal is eminent?  This has recently happened in a few subdivisions here in the Schaumburg area. The management companies thought that 'it was no big deal' and didn't offer any suggestions.  If it wasn't within their 'scope of knowledge' then who helps the board directors with this decision? If there is an expiration date on the FHA certificate and no one brings up the motion to renew the certification and the date passes, who's fault is it or where does the responsibility lie?

I see it clearly as the management company's role and this vital certification should be handled like any other important business renewal regarding insurance and repairs. I am suggesting that board members (and homeowners) are going to quickly get a whiff of this negligence and management companies across the country better watch out for the backlash.

I smell a law suit on the horizon.

 

What percentage of Schaumburg Homes are foreclosures?
Schaumburg's Top Selling Subdivisions
High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus? 

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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SEO,Craigs List,Many things can always be learned along the way that sometimes just don't seem related.

Here's a story about me selling my furniture and chochkies from my office. All the furniture, pictures, etc. have been placed on Craigs List & I've been selling up a storm. Cash only, ain't America great, come & get it!

The last thing left to really sell has been an antique looking coat rack that I got years ago from Pottery Barn (I think?).  So time goes by & this ends up being the last thing & I decide that I'll keep the darn thing if someone doesn't buy it soon - like tomorrow! Get an email from an interested party & she will be driving down from Wisconsin in a few days to get it on her way into Chicago to see a play with her friends on the North Shore. Wow, an interested party from another state - cool.

Thumbs up for Craigs List!

I meet her at my office & she loves the coat rack & decides to tell me a story 'because I'm a Realtor®'.  It turns out that she has sold her house in Madison, WI and in her bathroom she had to leave this exact coat rack using it to hang towels in her bathroom.  Buyer wanted it, no doubt about it.  Her Realtor® in WI told her you 'better leave it'.  So .... she decides to get on the internet to find another one.  She'll be eventually moving to Seattle to retire with her husband & can't wait but she's really upset in having to leave that coat rack.  

So back to Craigs List - she found it by the keywords I used in my ad which were 'Pottery Barn' coat rack.  A hit with my SEO knowledge gets the sale done!  Who would have thought but I guess it came right up in Google & when she saw the pictures she couldn't believe her luck.

So while she's talking I'm thinking to myself 'why didn't I think of using that in the bathroom for towels?'  That would be a great idea with a unique side that I'm always looking for.  Darn, I've got to sell it to her that's for sure because she's driven down from Wisconsin for heavens sake. Double drats.

So we part ways & she is so thrilled that she found the exact thing - Serendipity.

Realtor® understanding the whole scenario - Serendipity.

I've learned that no matter what do not forget to use the correct placement of your keywords in all your advertising & efforts no matter how small!  Google Serendipity.

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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It's that time of the year again for the 'SPRING MARKET'. Sellers always seem more optimistic about listing their homes at this time of the year but will it really make a difference? What are the chances of their home selling?

It's not only the time of the year that makes a home sell or not sell as this post suggests. Trying the same thing over & over again hoping for a different result is just 'real estate madness'.

Maybe it was you - not the market?

Thanks to Sharon Tara for this great post.  I have featured her many times with her wonderful staging suggestions. 

Via Sharon Tara New Hampshire Home Stager (Sharon Tara Transformations):

Warning!  The Mistake Many Sellers Make Relisting In The Spring

Are you one of the many sellers who took their house off the market last winter, intending to relist in the spring?  If so, it's almost time....and you could be making a very costly mistake.  Do you know what the problem was when you first listed so you can avoid repeating it?

Many sellers take their house off the market blaming the time of year, the economy, or the agent...when the real problem is the condition of their house.  It's important you learn from your experience and, this time around make some changes in your approach to selling.  

Sellers who expect better results by simply changing seasons and/or hiring a new agent usually end up disappointed.

albert einstein

"Insanity is doing the same thing over and over again and expecting different results" 

Albert Einstein

 

If you want different results this time around, you need a different approach.  Increase the perceived value and set your house apart from the competition. 

  • Make condition and presentation your priority.
  • When choosing an agent, check out the MLS photos of their current listings.
  • Consult with a Professional Home Stager for advice on the most cost effective improvements.
  • Prepack as much as possible.
  • Clean, paint, and update.
  • Organize kitchen cabinets and all closets.
 

 If you don't choose to improve the condition, then you will have no choice but to lower the price.

That's insanity!

______________________________________________________________________________

 

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For More Information Visit My Website

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Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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Boy, I just can't say some of these suggestions enough when it comes to staging your Schaumburg home for sale.

I'm going to keep at it until everyone gets the message on preparing their home for the market! YES, it's that important.

Thanks to Lindsey Hasford of Minnesota for this post.

Via Lindsey Hasford (Coldwell Banker Vision):

Everyone has heard rumors of de-cluttering when it's time to sell your home. But, what does that really mean?  Before going hog wild and moving out... here's a few of the most important things to consider removing before you list your home for sale.

10. Personal photos. I don't always recommend removing photos of the 'family' but if you have hallways filled with photos or photos on every end table it is probably necessary. Buyers really DO get distracted by them. They will take them all in as they walk down the hall. Not only do they take away from the home, but it's really disturbing when a buyer is excited to 'know' the sellers. And, the buyers do look at them.home

9. Bills and personal papers. I understand that you cannot remove these document from the home all together, but please take the time to organize them, box them up and put them out of sight. If you have bills laying out on the counter or kitchen table it's like an invitation for the buyers to 'peek' at them. Believe me - I discourage it - but it still happens. And as a seller you just don't want to leave the temptation behind.

8. Money. I would love to say that every buyer (and Realtor) going through every home is honest, but I really don't want to test those waters. If you have cash, cash boxes or coin jars sitting out in the open... put them away. It's just better for everyone if it's out of sight. As Realtors we do what we can to protect your home, but your help makes a difference!

7. Valuables. Jewelry, watches, valuable antiques.... anything that might be worth a bit of money that you wouldn't want to lose. Out of sight, out of mind. If buyers don't know they are there they won't think about it. I can't tell you how many homes I've been in where the jewelry is left on the dresser.... somehow it's uncomfortable. At least put it away.

6. Guns and ammo. I don't care if they are in a case or out laying around or under a bed. It's better if you just plain old remove them from the home prior to listing. For some reason they make buyers (in my experience) feel really insecure.

5. Shoes! If you have a pile of shoes at the door... ask yourself why. A pile of shoes gives a buyer two impressions. The first? That there isn't enough storage in your home. 2. That there are too many people living in the home. So, in order to avoid wondering on the part of the buyer... just put them away.

4. Medicine. Take it out. Don't store it on the counter. Don't store it in the cabinet. Don't store it in the bathroom. Remove it. There have been many complaints over the years of potential buyers 'stealing' the medicine out of the cabinets. I have never had it happen on my time clock, but to avoid any trouble it's best to simply remove it.

3. All things on your kitchen counter. Everything? Really? Yup. The cleaner you can leave the counter, the more buyers dream of being in there. Have you ever been in a cluttered kitchen? Does it feel inviting? How about a cleaned up kitchen? Does it make you wanna spend time there? Also, if you store things on the counter it gives the appearance that you do not have enough storage space.

2. No more junk drawers. Seriously. Clean 'em out. There is nothing more tacky than a potential buyer opening the cupboards and drawers and having things sticking out everywhere. Box up all the notes, pens, tacks, and odds and ends and put them away. Chances are you don't dig in the drawer often anyways.

1. Nothing but magnets.... and maybe not even that. Take a photo of your fridge, take everything off, wash the front (and side), and take another photo. It is really refreshing to walk into a home that has a clean fridge. The kids pictures are beautiful (believe me... my fridge is covered in them) but buyer's can't imagine their own children's drawing on there if it is covered with yours. And, the magnets... If they aren't decorative (and even then) they are generally more of a distraction to the room than a help. Consider it.

There are many more ways to declutter a home for sale... but these are some important things to consider. For more information on selling your home in Minnesota... give me a call.

_________________________________________________________________________________________

                 In the meantime... if you are looking to move into the area... I'll wait for you to call!

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Selling Real Estate in Minnesota!

If you are looking for professional real estate services I am only a ring away! I am looking forward to working with you. And, please feel free to share my name with anyone that you know who needs assistance buying or selling a home ~ I love referrals!
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                                                   Lindsey Hasford, REALTOR
                                                        Coldwell Banker Vision
                                             231 Main Street - Elk River - MN 55330
                                          763-241-5488 (office)  763-218-1347 (cell)
                                           lindseyhasford@coldwellbankervision.com
                                                  http://www.hasfordhomes.com

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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Tax Appeal Seminar is scheduled


schaumburg township assessor,tax appeal,The Schaumburg Township Assessor recently announced that the Cook County Board of Review will accept appeals from January 24, 2012 – February 22, 2012.  Appeals may be done at the Schaumburg Township Assessors office during normal business hours, Monday through Friday 8:30am – 5pm or on line at www.cookcountyboardofreview.com. The Assessor encourages all taxpayers to appeal if they think their property assessment is too high.

The seminar will be held on February 13, 2012 at 6:30pm at Schaumburg High School, 1100 W. Schaumburg Road, Schaumburg, IL 60194.

The hour-long session includes a presentation by Commissioner Patlak that explains how property taxes are calculated and the appeal procedure of the Board of Review. The event will end with a question and answer session followed by an opportunity for taxpayers to work with analysts from Commissioner Patlak’s staff to address their concerns and to receive assistance filing an appeal. Taxpayers are asked to bring a copy of their most recent tax bill.

What percentage of Schaumburg Homes are foreclosures?
Schaumburg's Top Selling Subdivisions
High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

  schaumburg homes,schaumburg IL real estate, schaumburg homes,schaumburg IL real estate,  schaumburg homes,schaumburg IL real estate,   the blog dog,lyn sims,   schaumburg homes,schaumburg IL real estate,  schaumburg homes,schaumburg IL real estate, schaumburg homes,schaumburg IL real estate,  schaumburg homes,schaumburg IL real estate,  schaumburg homes,schaumburg IL real estate, schaumburg homes,schaumburg IL real estate,

 

Gail is not being treated fairly with a new product she purchased the ASUS Zenbook. This laptop is being touted as the slimest, lightest this side of an Apple. Please help if you can.

Thanks!

Via Gail Robinson, Black Rock CT Real Estate blackrockhomesforsale.com (William Raveis Real Estate, Southport, CT):

For those of you considering buying an ASUS Zenbook, I want to share my experience to save you the pain I've been through.  I paid $1,550 for the ASUS Zenbook UX31E (their top of the line model) on 11/21/11 from New Egg.com.  On 11/28/11 I received the computer and began using it.  It worked fine for the first four weeks and then began having problems starting up.  On 1/14/12 it didn't start at all and on 1/17/12 I sent it in to be serviced as instructed by ASUS (it was now just beyond NewEgg's 30 day guarantee).  They received the computer on 1/20/12. 

I have had no phone calls or e-mails from ASUS at all.  I have to call their Customer Service hotline, which consists of people in Malaysia or some other foreign land peering at a computer screen reading back to me the exact same information I obtain from the ASUS Service website.  It is now almost two weeks and there is no indication on when my computer will be returned.  The ASUS Service site states, "Waiting [WB-1] Wait for Material/Spare Parts". 

Well, I've had it!  I'm starting a social media campaign to put pressure on ASUS to either fix my machine or send me a new one!  My client files are on that computer and it is very difficult to work without my files.  Please reblog this post and Tweet it with the hashtags #ASUS #GailRobinson.  Let's see if social media can work to get this arrogant giant's attention.

Thanks,

Gail

 Active Rain Subscribe to Blog    FaceBook Black Rock CT    Twitter Gail Robinson    Flickr Gail Robinson     

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Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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What percentage of Schaumburg Homes are foreclosures?


schaumburg homes,schaumburg IL real estate,When we look at foreclosure numbers that perhaps we have heard or seen on the news, often times they are for trends that are national in scope. We always have to sharpen our focus and whittle down those statistics to the state level, then by metro area, then finally by the town itself.  Don't pay attention to the media which is great for over dramatizing news especially when it comes to the housing market and foreclosures. Granted, there are some very hard hit areas of the country and we are fortunate here not to be one of those areas which I hope you realize. Real estate is local in nature so let's take a look at what is happening in Schaumburg:

Let's look at the total of Schaumburg Homes sold (249) and then what percentage of those closed were foreclosures. Our MLS has us report each foreclosure, short sale and court sale just for these purposes and these are accurate numbers from 2011.

The lowest foreclosure price was $100,000 and the highest was $441,000. Foreclosures were 14% of Schaumburg Homes that have closed. In an earlier report for the 1st quarter of 2011, they were at 20%. Townhome and condo sales were not done at that time but I have included them in this report.

Town of Schaumburg  Total Sales for
2011
% of
those Sales
Home Sales 246 14%
Townhome/Condo
Sales
403 22%



So there are the results for our Schaumburg area.  Hope that makes you feel better and if you are thinking of selling your home in the near future, please don't hesitate in giving me a call.

Search Schaumburg Homes
Search Schaumburg Townhomes or Condos

Bookmark and Share
High End Foreclosures in the Chicagoland Area for 2011
Schaumburg Homes - Why pricing is more important than ever!
Short Sale Reform, Foreclosures and the naked guy
Staging is not Fraud!
Schaumburg - Average Home Prices over the last 10 years
Schaumburg - What type of financing did buyers use?
Northwest Suburban Real Estate Update - December 2011
Surviving the American Dream: The argument for 'Walking Away'
Schaumburg Homes - Is it better to rent or buy?
Foreclosure Surplus?

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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6 Worth-the-Price Fix-Ups

Simple and affordable do-it-yourself projects can greatly increase a 6 worth the price fix upshome's resale value, according to HomeGain's annual home improvement and staging survey done in April 2011.

The company surveyed nearly 600 real estate professionals to discover which DIY home improvement projects give sellers the biggest return for their buck. Here are six projects under $1,000 (amounts are estimated) that made the list.


1.    Cleaning and decluttering. Remove any personal items, unclutter countertops, organize closets and shelves, and make the home sparkling clean. ◦ $290 Cost ◦ $1,990 Return

2.    Brightening. Clean all windows inside and out, replace old curtains, update lighting fixtures, and remove anything that blocks light from the windows. ◦ $375 Cost ◦  $1,550 Return

3.   Smart staging. Rearrange furniture, bring in new accessories and furnishings to enhance rooms, incorporate artwork, and play soft music in the background. ◦ $550 Cost ◦ $2,194 Return

4.   Landscaping enhancements. Punch up the home’s curb appeal in the front and back yards by adding bark mulch, bushes, and flowers and ensuring current plants and grass are well-cared for and manicured. ◦ $540 Cost ◦ $1,932 return

5.   Repairing electrical or plumbing. Fix leaks under the sinks, remove any mildew stains, and ensure all plumbing is in good working condition. Update the home’s electrical with new wiring for modern appliances, fix any lights or outlets that don’t work, and replace old plug points with new safety fixtures. ◦ $535 Cost ◦ $1,505 Return

6.   Replacing or shampooing dirty carpets. Steam-clean carpets, replace any worn carpets, and repair any floor creaks. ◦ $647 Cost ◦ $1,739 Return




 
Excerpted from HomeGain’s 2011 Home Sale Maximizer Survey: www.homesalemaximizer.com.

 
 

Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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The time to prepare you home for going on the market IS NOT after it is listed. Here's a good post on the reasons why after you list your home & things are not going well is a big mistake!

You should try for the biggest & best impact that your home can make! You should put your best foot forward in this market with all the added inventory and competition. Many people just don't care & it's shows. Make your home stand out with buyers.

Thanks to Kathy Streib in Florida for this well thought out advice. 

Via Kathy Streib-Home Stager-Palm Bch County South Florida - 561-914-6224 (Room Service Home Staging):
Home Staging Tips in Palm Beach County- Waiting to See How It Goes Before You Stage?   Here Are 6  Reasons Why You Shouldn’t.

I run into this all of the time when I speak with  Realtors... they have your home listed and are doing everything they can to get it sold for you.  They’ve done their research and have suggested the best List Price for your home based on the market, your competition, location  and condition of your home.

There are items regarding condition that your Realtor feels need to be addressed to give questionyour home the best chance of selling but you’d rather wait a month to see what happens.  

What are you waiting for?  Now is NOT the time to Wait and See........

6 Reasons Why You Shouldn’t Wait to Stage:

1.  A Newly Listed Home is like a loaf of fresh bread... it begins to get stale the longer it sits there.

2.  What you invest in staging and preparation will be far less than that first price reduction you’re asked to give.

3.  The “What’s wrong with it?” cloud begins to form over your house.

4. The longer it sits, the longer you “get” to make sure your home is “Show Ready” every day!

5.  Every day your house sits on the market it’s costing you money... your mortgage, utilities, insurance..... and preventing you from moving on.

6. Your first and best chance at getting a showing appointment is via your MLS listing and the photos that accompany it.    Studies have shown that 90+% of Buyers begin their search on the Internet.   Are you willing to rule out such a huge portion of Buyers because of your MLS photos?

So tell me again... why are you waiting to Stage your house?


 

 


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Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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Lyn Sims - Schaumburg Homes

Schaumburg, IL

More about me…

Schaumburg Real Estate - Northwest Suburbs - RE/MAX Suburban

Address: Schaumburg, Hoffman Estates, Elk Grove Village, Streamwood, Roselle, Bloomingdale Illinois in the Northwest Suburbs of Chicago

Office Phone: (847) 230-7324

Cell Phone: (847) 230-7404

Email Me

Market comments, updates and news about the surrounding communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Bloomingdale, Bartlett, Streamwood, and Hanover Park in the Chicago Northwest Suburbs.


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