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Price Reductions + Poor Condition - Staging = Months on the Market

By
Home Stager with Platinum Home Staging, Inc. : RESA-Pro

Platinum Home Staging, Inc. hasn't done many Home Stagings in Moorpark, CA.  Sure we do the occasional Re-Design or Consultation, but the real reason I believe, in my humble opinion, is because HOMES ARE SELLING within 30 DAYS on average!  Yes, we have foreclosures. Yes, we have over 100 homes on the market at any given time. But when we were called to a home for a Staging bid right in our own back yard, we decided to "pass". 

WHY?!  You ask? 

The Realtor believes in Staging, but the Home Owners Don't.

Vacant home in desperate need of Home Staging   Vacant home in desperate need of Home Staging

The Realtor asked them to "clean things up & make some repairs", but the Home Owners refuse.

The Realtor asked them to then at least "remove your items since you no longer live in the home" but the Home Owner wanted to make the home seem as if someone "might" be living there.

The Realtor believes in Staging, but the Home Owners Don't.   The condition of your Home for Sale is imperative

The Realtor called us to give a bid to Stage the home, but said "the Owners won't spend any money on the home. They just keep lowering the price."

So in a market where Right Price + Good Condition = Quick Sale in 30 Days,  the home has been on the market for 4 months and gone through 2 price reductions.

So instead of giving a Staging bid for a Realtor who is spending a lot of time and money trying to sell a home with obviously unmotivated Sellers, we decided to help the Realtor in another way.  Some might say that we gave away the milk for free, but it wasn't THAT bad.  Instead we sent the Realtor a nice little email that he could then forward to the Home Owners.  Simply giving a "Professional Opinion" as to a few MUST DO's before we could even Stage the home. Here is a snippet of the email we sent:

To follow up with our discussion, although the home really needs to be professionally Staged there are a few things that Buyers would simply not be able to look past.  There are literally hundreds of homes on the market in the Moorpark, Simi Valley and Thousand Oaks area - buyers are looking for the best price coupled with the best condition. Currently buyers are only seeing that they will need to put more money into the home before being able to move in.
 

  1. The carpeting is folding and buckling throughout the upstairs bedrooms and hallway.  This is actually a severe trip hazard as buyers walk through the home.  The carpeting needs to be re-stretched as soon as possible and then given a GOOD steam cleaning. 
  2. The house really could use a fresh coat of paint throughout, however if this is not within the budget, then the next best option would be to completely EMPTY the home and give it a good, deep cleaning from top to bottom.  The current furniture & fluorescent light fixtures are actually distracting the buyers away from the positives of the property.
  3. I would also highly suggest spending the few dollars it would cost to paint or stain the cabinets in the master bathroom.

Once these items are completed, only then we can begin the phase of actually Staging the home to make it warm & inviting to potential Buyers.  Please let your clients know that by NOT addressing these items, they are very much tripping over dollars to save a few pennies. **

We didn't close the door altogether, we didn't give away ALL the milk for free - we Partnered with the Realtor and reiterated what he had already told the Home Owners. That these items needed to be addressed.  We became the Industry Professional, and the unbiased opinion to back up the Realtor's statements and concerns.  And maybe by pointing out the fact that the buckling carpeting really was a trip hazard verses "just more money to spend", just might light a fire to get the other items completed as well.

Right Price + Condition + Staging - Allowances = Quick Sale
** - I must disclose that the phrase, "Tripping over dollars to save a few pennies" came from a good    friend and Stager, Teri Lucas of Exclusive Home Staging 
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Platinum Home Staging, Inc. (805) 553-9952

Serving Ventura County and Greater Los Angeles Areas: Los Angeles, Los Feliz, Hollywood, Hancock Park, Sherman Oaks, Encino, Canoga Park, Van Nuys, West Hills, Northridge, Simi Valley, Moorpark, Wood Ranch, Thousand Oaks, Calabasas, Oak Park, Agoura Hills, Westlake Village, Newbury Park, Camarillo, Oxnard, Ventura, Santa Barbara, Malibu  

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Posted by

Proud RESA-Pro Home Stager

  •  Connie Tebyani 
  • Principal Designer / Owner Platinum Home Staging, Inc. 
  • Platinum Home Staging, Inc. 
  • (818) 878-9936
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Mary Fasnacht
Washington and Allegheny Counties and surrounding areas - McMurray, PA
Feels Like Home Interiors ~ Pittsburgh PA Home Staging

Apparently these homeowners didn't do so well with basic math in school.  It never ceases to amaze me when a home seller can't see that Right Price + Right Condition = Quick Sale.  It's such a straightforward and common sense formula.  "Tripping over dollars to save a few pennies"--love that line, and so perfect given their carpet challenge.

Your free advice will earn you kudos with this realtor who is sure to use your services again with a more savvy seller.  Thanks for sharing this.

May 17, 2009 03:16 AM
Connie Tebyani
Platinum Home Staging, Inc. : RESA-Pro - Calabasas, CA
Platinum Home Staging, Los Angeles and Ventura County

I must disclose that the phrase, "Tripping over dollars to save a few pennies" came from a good friend and Stager, Teri Lucas of Exclusive Home Staging

And yes, Mary, VERY appropriate considering the buckling carpet!  Thanks for stopping by.

May 17, 2009 04:14 AM
Cathy Lee
CL Design Services Home Staging - Danville, CA
ASP, IAHSP, RESA Danville, CA

Teri's phrase is priceless!  I hope you will update us and let us know I you will be staging this home Connie. They need you before it will sell. 

May 17, 2009 10:11 AM
c m
Colorado Springs, CO

So sad, to have a Realtor on board and not the homeowner. Generally they have watched enough TV to know it is "worth it".  Even sadder that they don't notice the other signs in the area being marked "SOLD!"

May 17, 2009 02:30 PM
Terrylynn Fisher
Dudum Real Estate Group - BuyStageSell.com - Walnut Creek, CA
HAFA Certified, EcoBroker, CRS, CSP Realtor, Etc.

THIS is the perfect way to deal with the situation.  You have it all correct...YOU are serving the Realtor and their client is served as well.  This is a collaborative relationship with the Realtor that will bring you much business in the future.  You are a terrific business person and it's no surprize that you are working in a down economy.  People ask all the time what can I do and how is it that some stagers are so busy.  THIS is why, they get the big picture...oh GREAT post, should be mandatory reading for stagers.  I flagged you for this one...

I fla

May 18, 2009 08:21 AM
Karen Dembsky
Peachtree Home Staging LLC, Home Staging in Atlanta, GA - Peachtree City, GA
Atlanta Home Staging

Perfect, clear, on task.  Excellent example of priorities.  What's the point of staging the bathrooms if the tile flooring is full of cracks?  Thx for the great post. 

May 18, 2009 09:01 AM
Wendy Timmons
Move Home Realty - Temecula, CA
Temecula Realtor

Great post Connie! You always handle things with integrity that makes all stagers look good! Thanks for being you :))

May 21, 2009 01:18 AM
Connie Tebyani
Platinum Home Staging, Inc. : RESA-Pro - Calabasas, CA
Platinum Home Staging, Los Angeles and Ventura County

Cathy Lee ~ It IS priceless.  My Favorite is , "The bitter taste of a poor job lasts longer than the sweet taste of the low bid".

Cheryl & Terrylynn~ Yes, the Realtor wanted for me SO badly to just "stage" the home.  However, just as in my CYA blog, you can't sell a house with a georgous chandelier if the foundation is cracked. I work ethics are based on integrity, not the quick buck.

Karen ~ You really can't see it in the photo, but the master bath cabinets were SO bad, it looked like a dog had been scratching at them for years.

Wendy ~Integrity, integrity, integrity.  Thank you for stopping by!

 

May 22, 2009 04:31 PM