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How to help your home stand out in a tough market
By Lisa Marshall, Special to the Rocky
Friday, April 25, 2008
Steve Peterson, Special to the Rocky
A house-staging team from We Stage Colorado - from left, Amy Tennal, Donna Ward, Vicki Weller and Trish Pachak - gathers in the kitchen of an Arvada home they've spruced up for sale.
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A lime-green bathroom.
Chipped paint on the front door.
A cluttered home office with a dusty elk head hanging on the wall.
A wall-swallowing sports- memorabilia collection.
A few years ago, such subtle imperfections or quaint reflections of a homeowner's individuality may have been overlooked by prospective home buyers eager to catch a deal in a seller's market. But the tables have turned, and any of the above could constitute a distraction at best - and a deal-killer at worst, experts say.
"November through the middle of February was the worst market I have ever seen in 31 years," says Edie Marks, the Denver Board of Realtor's top seller and a three-decade veteran of the local real estate market. "To sell a house today, it has to be in the best possible shape and it has to be competitively priced. People want to walk into the house of their dreams and find it in move-in condition."
According to statistics provided by the Colorado Association of Realtors, a whopping 25,516 homes were on the market in the metro area in March. The average selling price is $223,597, down 3.5 percent from this time last year, and the average number of days a home sits on the market is a daunting 111.
Add all that to the record number of foreclosed-on houses crowding the market at cut-rate prices, as well as the fact that "for sale" signs seem to sprout like tulips during springtime, and a would-be seller has good reason to be nervous. But experts say there are plenty of simple, fairly inexpensive things homeowners can do to make their houses stand out in a competitive market.
"It's all about marketing - about changing your home from a home to a house to a product," says Real Estate of the Rockies Realtor Lisa Hives, noting that homeowners need to "detach" from their homes and work to make them marketable to the masses.
The first step toward that end, professional home stager Trish Pachak says, is to de-personalize and de-clutter.
"The way you live in your home is very different from the way you want to present it to buyers," Pachak explained during a recent walk-through consultation with home-sellers Rob and Carin Bremer, of Arvada. "If it is too personal or too reflective of the individual family, the potential home buyer sees that and they don't have the opportunity to see themselves in that place."
Pachak's We Stage Colorado is one of about 30 professional staging companies in Colorado, which charge anywhere from $150 for an initial walk-through consultation to several thousand to fully "stage" a home for a seller (re- arranging, decorating and remodeling it to make it more marketable).
Unlike interior designers, who aim to help you create a home that reflects your personality, stagers work to take "the you" out of the home, Pachak says.
She recommends sticking with neutral colors (think off-whites and beiges) for all horizontal and vertical surfaces. Meanwhile, weave one or two impact colors throughout the house in items like bathroom towels and kitchen place mats (sea and sky blues and sandy earth tones are in fashion).
She strongly urges homeowners to take down all but a few family photos, any religious items and large collections (China plates, sports memorabilia, hunting trophies) that eat up wall space, distract the potential buyer and may make a home feel crowded.
And when it comes to de-cluttering, Pachak recommends clearing out closets, drawers and home offices, packing away anything you haven't used in eight weeks and leaving only a few essential items neatly organized in place.
"Crammed home offices are one of the No. 1 problems I see," Hives says. "I've seen boxes and boxes stacked almost to the ceilings."
For busy clients like the Bremers, who have three children under the age of 3, Pachak recommends keeping empty laundry hampers with lids in the closet of each room so that if a potential buyer shows up at the door on short notice, they can throw toys, books and anything else into the hamper and shut the door.
"It's hard to deal with showings when you have little kids," said Carin Bremer, holding her 3-year- old on one hip, a handful of toys in the other arm. "We need to sell it quickly."
Lynne Abreu-Martin, a professional home stager with Westview Design, says furniture placement can also have a huge impact. While homeowners tend to arrange their furniture around their favorite pastimes (often the TV), that placement is seldom best for accentuating the home's architecture. For instance a large sectional placed in a U-shape in front of a television can make a room look much smaller than if it were stretched out across the walls.
"Furniture placement is extremely important, and it is one of the least-expensive things you can do," Abreu-Martin says.
Once the home is rearranged, de-personalized, and de-cluttered, it also needs to be spotlessly clean, inside and out.
"While the agent is unlocking the door, the buyer is looking around outside," says stager Jan Lawrence. A messy yard can leave a potential buyer with a preconceived notion about how the house has been maintained.
Leaving nothing to chance
When a fresh coat of paint, a few colorful throw pillows and a good cleaning still don't do the trick, some homeowners turn to higher powers and other unconventional sources to help get their houses sold. Here's a look:
* Bury a St. Joseph statue in the backyard: Centuries ago, nuns prayed to St. Joseph - the earthly father of Jesus and patron saint of workers - when they needed more land for the convents. Today, homeowners bury his statue upside down in the backyard when they're ready to hold an open house.
"Does it work? I'm not sure. But people everywhere do it a lot," says Boulder Realtor Bettianne Shoney Sien, of Global Real Estate Network. "Some people bury him upside down facing out. Others face him toward the sign." A handy St. Joseph Statue Real Estate Kit will run you $13.95 on the Internet.
* Hire a feng shui practitioner: The 3,000-year-old Chinese practice aims to balance the energy in a home, through furniture placement and use of light and sound, to create a space where yin and yang are balanced and the five elements are in harmony. If nothing else, the chimes and mirrors often used make the house seem lighter and sound pretty.
* Have your house cleared and blessed: For as little as $150, a shaman will help you clear out "energetic remnants of thoughts and feelings" (perhaps negative ones left behind by a bad divorce, a violent incident or other unpleasant experiences). Boulder shaman Melanie Mulhall uses drums, herbs, candles and other tools to clear the space and then blesses it. "The space feels lighter, cleared, cleaner, more joyful," she says.
* Give away free stuff: Sien likes to bake cookies and have them sitting on the counter, put out a bowl of chocolate, offer lemonade on a hot day or hand out seed packets come spring. "People associate the house with generosity, and it makes a subtle impression."
* And whatever you do, do not: smoke in or near the house, have your pets present or use an overpowering scent mister. People underestimate the power of a home shopper's nose.
Some hot sales tips
Professional home stagers Jan Lawrence, Trisha Pachak and Lynne Abreu-Martin offer these additional tips for homeowners trying to catch a buyer in our tough market:
In the kitchen
* Remove all pictures, personal notes, etc. from the refrigerator.
* Leave only one or two countertop appliances out in view.
* If your light fixtures or cabinet knobs are outdated, consider replacing them with something darker such as wrought iron or bronze or spray- painting them with metallic spray paint.
In the bathroom
* Put away all personal products.
* Hang colored towels with a ribbon around them. It serves as a nice decoration and keeps home shoppers from using them.
* Replace your shower curtain.
In the living room
* Remove all but one or two family pictures.
* Consider rearranging the furniture to make the room look its biggest.
* Keep a laundry hamper with a lid in the closet. If you have an unexpected showing, sweep the clutter into it.
In the closet
* Pack away anything you haven't used in six to eight weeks.
* Organize what's left in neat categories (shirts, pants, etc.)
Outside
* Paint the front door and wash it regularly.
* Spray off the front porch.
* Rake up dead leaves and grass.
* Place a pot of flowers or a potted evergreen out front to give it color.
At the showing
* Bake cookies or put out a citrus scent (it has a clean smell), but don't overdo it or they'll think you're hiding something.
* Open the shades and turn on all the lights.
* Play soft music.
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Comments
Posted by pgchek on April 26, 2008 at 8:56 a.m. (Suggest removal)
The house in Arvada that We Stage Colorado staged was listed at the higher end of the pricing range and sold very near full price in five days! Add to that the fact that there were several other comparable homes at the same price point including the same model in the same neighborhood for sale. Two things sell a house: Pricing and Aesthetics. Pricing is the expertise of a great agent and aesthetics is the expertise of a great Stager. Professional stagers can provide a "huge" market advantage for the home sellers that want to sell their homes quickly and for the highest amount possible. You can contact the pros at We Stage Colorado at http://westagecolorado.com/ or call 303-521-8551 to schedule a no-fee property review.