For less than a cup of coffee a day

April I was rejoicing that a home that I staged went pending. Every listing agents and stagers dream is to have gone pending within 3 weeks.

Things started sounding fishy when the buyer needed an extension on his inspection period.

Then they dragged out the renegotiating. This dragged out for weeks!!!!!!!!!!! And a closing date was finally set.

The seller told me to de-stage the property because it would save her money on the extra month rent. I acknowledged her desire to do this and said that the rent until a couple of days before closing was insurance just in case it didn’t close.

Let me explain that her rent on the items was very inexpensive. I mean less that buying coffee out during the month.

She insisted that I get it out by the 16 of April so there would be no monthly rent until it closed on the 28th.

I was out of town on the 18th and I didn’t need the items so I couldn’t honor her request. On the 27th I de-staged the home, donated the remaining furniture and moved the items to another location.

The 28th I found out it didn’t close and there would be another delay.

Friday May 22, I found out that it didn’t close and it’s back on the market –vacant. The seller won’t stage again because of finances.

For less than a cup of coffee a day the house could have stayed staged. Now she is l looking at thousands of dollars in losses.

Sellers please don’t de-stage until you absolutely KNOW that the house is closing.

Stage-Show-Sell, offers affordable home staging solutions in the Birmingham – Bloomfield and surrounding areas in getting your home ready for the market. We service both home sellers and realtors. We have the experience, our own rental furniture and accessories to stage many homes. We specialize in Estate work. The house can be put into our hands for the whole process of getting the house on the market

Stage-Show-Sell, offers affordable home staging solutions in the Birmingham - Bloomfield and surrounding areas in getting your home ready for the market. We service both home sellers and realtors. We have the experience, our own rental furniture and accessories to stage many homes. We specialize in Estate work. The house can be put into our hands for the whole process of getting the house on the market

 

 
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16 Comments on For less than a cup of coffee a day

MAY
24
272,560 Points

Very good advice.  Sometimes we learn a better lesson from our mistakes!  Take care, Yvette

6:55am • #1
283,287 Points 4 Featured Posts Outside Blog

I would think that there was some escrow money to be collected from the seller. But I agree its not sold till its sold.

7:09am • #3
341,382 Points 3 Featured Posts Outside Blog

Sellers always want to believe the best...we all do....sometimes  a better safe than sorry posture is a better idea.

7:15am • #4
184,886 Points 8 Featured Posts Localism Sponsor Outside Blog

The sad thing is that sometimes there is just no money, and it becomes a catch-22. But finding the money somewhere, making a deal, whatever it takes. A vacant home just doesn't look the same.

7:22am • #5
311,817 Points Outside Blog

Wonderful advice. We are seeing more transactions fail with the new appraisal requirements.

Follow me on Twitter: http://twitter.com/roykelley

8:13am • #6
177,442 Points 2 Featured Posts Outside Blog

Well, first it sounds like the buyer is on shaky grounds for a loan, hopefully that loan will close. If not I still would leave the staged items in place and work out an agreement to pay your fee at closing if you were willing.

8:21am • #7

Sometimes I stage  my listings at my expense in order to sell a listing. I use  some my less needed personal possesions.  I do not do it unless I feel that it is absolutely neccessary to sell the property.

9:09am • #8

Great advice Virginia

9:14am • #9
Localism Sponsor Outside Blog

It ain't closed til it's closed. It's one of the first lessons in selling Real Estate.

9:17am • #10
139,048 Points

Goodness gracious, it's the old penny wise/pound foolish story.  I'd never thought about breaking down the cost per day like that.  Thanks Virginia for sharing this. 

10:56am • #11
1 Featured Post Outside Blog

Yvette, I feel so sorry for this family.  They have made a big mistake   The $50 that they saved on rent has cost  them alot.

Marc, Thanks for reading

Sally and David, I so agree.  I waited as long as I could to de-stage.

Andres, you are right.  That's why I begged them to KEEP it staged until it closed.

Roy, you are right.   More are falling apart because of appraisal requirements.  This one didn't fall apart because of that

Norma,  you are singing my song.   I always told my clients it's not over till the fat lady sings (me)

Ginger, you are so right.

 

12:22pm • #12

Oh Virginia - what a sad story!  I hate hearing stories like this one.  You did more for them then they asked for - is it possible to get into a deal with the realtor to pay for services?

12:45pm • #13
206,437 Points 5 Featured Posts

She should have taken your advice.  Sometimes we just can't make them understand and then it's too late.  You did your best.  What a shame.

1:29pm • #14
MAY
25
Outside Blog

Virginia,

I agree, you did your best to help out in this situation.  I am sure a lesson that won't be forgotten the next time around for this seller.  It is always good to take the advise of the Professional who knows their job and knows what they are talking about.  Good job Virginia, you put your heart and soul into it.

4:09am • #15
MAY
28
142,336 Points Outside Blog

Oh my!  I never thought to actually break it down to a daily rate.  How foolish and sad!  

8:09am • #16

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Virginia Tatseos

Bloomfield Township, MI

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Stage-Show-Sell

Address: Virginia@Tatseos.com, Bloomfield Hills, Mi , 48302

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