Ar_home_b_search
 

It was the best of times, It was the worst of times.....This is a tale of Two Condos and truly is a case of "All Things Being Equal" in terms of how Home Staging can GREATLY assist in selling your condo, home or estate.  Well.... almost equal

In November 2008, two condos with the EXACT same floor plans were on the market and were just 2 DOORS APART within the condo community in the highly sought after Westlake Village area.  Both had 2 bedrooms, 2 bathrooms, were 1,149 square feet, fireplace and both had HOA fees of $270 per month.

Condo #1 was actually listed in JUNE 2008                                    Condo #2 was listed on Oct 31, 2008

Condo #1 was actually FARTHER AWAY from                                 Condo #2 was actually listed at                  a busy city street (less noise) and CLOSER to                               $10,000 HIGHER than Condo #1               the community pool

Condo #1 although clean, was left in "as is" condition                   Condo #2 embraced Home Staging

 

 

Platinum Home Staging ~ Westlake Village     Platinum Home Staging ~ Westlake Village

Results:

Condo #1: Priced lower & in "better" location was vacant & on the market since JUNE 2008, only just recently sold on May 5, 2009 for $392,500

Condo #2: was priced higher, embraced some minor upgrades and Home Staging - SOLD on December 4, 2008 for $412,500  (less than 5 weeks on the market)

The small investment in Home Staging can save you THOUSANDS of dollars in carrying costs, maintenance or marketing materials.  Not including the mortgage fees, property taxes or special assessments of the HOA, the Owner of Condo #2 EARNED $22,700 by choosing to listen to their REALTOR and embrace Home Staging!

***********************************************************************************

Platinum Home Staging, Inc.   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

 

Follow me on Twitter  Real Estate Staging Association Member  Platinum Home Staging, Inc. Blogger   Real Estate Directory 

Proud RESA-Pro Home Stager

  •  Connie Tebyani 
  • Principal Designer / Owner Platinum Home Staging, Inc. 
  • Platinum Home Staging, Inc. 
  • (818) 878-9936
  • Preferred Interior Designer for Pottery Barn
  • Member of the Real Estate Staging Association
  • W   Linkedin  Twitter   ar
 
This post has been included in California Real Estate News Ventura County, CA Real Estate News Westlake Village, CA Real Estate News
Post is included in group: LA Connection
Post is included in group: Real Estate Staging Association
Post is included in group: Realtors®
Post is included in group: Southern California Real Estate Forum
Post is included in group: Stage It Forward...

19 Comments on A TRUE Side-by-Side Comparison ~ Westlake Village Home Staging

JUN
08
2009
184,539 Points Localism Sponsor Outside Blog

Another great example how a bit of work and staging on the front end can really payoff in the end.

5:26pm • #1
118,470 Points 9 Featured Posts Attended Rain Camp Called Shot Master

A very good comparison... as close to apples-to-apples as you will ever likely get.  Buyers have a REALLY hard time with judging scale in a room without furniture .. small condos and townhome spaces are the worst!  Most also describe empty rooms as "bleak" and "uninviting"....doesn't exactly get them running to sign on the dotted line, now does it? "Hey, Bill, how's the house-hunting going?" "Well, Tom we saw one today that was bleak and uninviting ...yessir its at the TOP of our list!"  How I wish more Realtors "got it" and understood the value of staging an empty room.

6:20pm • #2
182,352 Points 1 Featured Post

Connie, Beautiful!!! Staging works...what more can we say!

9:58pm • #3
268,505 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

So many times it is hard to do this-but you did an excellent job showing the comparision.  Fabulous Connie as always!!

10:12pm • #4
JUN
09
2009
297,291 Points 7 Featured Posts Outside Blog

Oh, I love these!!  Even better, I love making fliers out of this kind of information and getting it out there to agents.  It really puts it all in black and white for them!!

2:17pm • #5

I agree with Melissa, this is a great marketing piece you can use!  And to have an apple-to-apple comparison...who could argue with you?

Julie

3:09pm • #6
124,158 Points 4 Featured Posts

Aloha Connie,

No comparison, you win hands down! Lovely work and stats!

Peace,

7:57pm • #7
JUN
10
2009
109,931 Points 3 Featured Posts Outside Blog

Hi  Connie,

I'd like to show this to the die hard agents out there who think that staging is a waste of time and money. Fortunately they are becoming a dying breed.

2:52am • #8

Great comparisons!  Well done!

7:58am • #9
JUN
11
2009
1 Featured Post

Connie, what a great way to show people the power of home staging and the ROI! Those poor other guys ended up having their home on the market for almost a year - imagine their carrying costs versus 5 weeks for the Staged one. Great post!

4:30pm • #10

Totally lovely, Connie!  What a wonderful comparison. 

9:18pm • #11
JUN
12
2009
567,163 Points 21 Featured Posts Attended Rain Camp Called Shot Master

Great job and presentation comparing the staged to the vacant and proving one more time that staging gets results.

3:02pm • #12
JUL
13
2009
146,774 Points

Great success story!  Just goes to show how most people need help to see what a property can look like!

6:02pm • #13
AUG
09
2009
118,470 Points 9 Featured Posts Attended Rain Camp Called Shot Master

Lenn,

After reading your response, I apparently have a similar reaction as yourself ... your response leaves me with more questions:

(1) I'm gathering from what you've written you have not used a stager on your own listings? Is that right? Or, did you use a stager before and you found the outcome to be unsatisfactory? If its the latter and not the former, can you describe the circumstance?

-and-

(2) What could a stager possibly say to  you to get you to try them? What metric? What empirical evidence would you find acceptable and notable? The list you provided above is beyond the range and scope of nearly all stagers ... much of it resides within a realtor's world, not a stagers .. and it is also very selective because it is property specific --- which I understand you find negligible -- basis your comment "The side-by-side comparison may be TRUE, but it is very limited and selective."

 So what type of information, what type of presentation, what metric, what format would you find credible and might possibly predispose you to trying/using staging on your own listings?

 

2:15pm • #16
AUG
16
2009
579,837 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Connie, I know this is an older post but I just read it in connection with your post "Is Home Staging a Magic Pill?"

First let me say that both your posts were excellent and this one exhibited amazing restraint re certain comments. 

Second: there are some who will continue to pontificate as if they were the absolute authority on subjects and who as well refuse to realize that while certain things remain constant a true visionary brings the good practices from the past to embrace the future. 

Third: Most of the Realtors with whom I've spoken have said that "credits to buyers" are not used as they were YEARS AGO.  In fact, in TODAY'S market you may not get the opportunity to negotiate any "credit" if the Buyer never even sees your property because they did not like what they saw in the initial marketing piece. 

Excellent post, Connie.

12:27pm • #18
118,470 Points 9 Featured Posts Attended Rain Camp Called Shot Master

I was politely waiting for a response from Lenn to my questions, but believe now that Lenn declined to answer ---- as sufficient time for a response has elaspsed.

Connie, it doesn't appear that Lenn was voicing her opinion based on her actual experience of trying staging .. or actually working with a stager on one of her own listings. I have a healthy respect for experience and give more credence to those who offer opinions from the standpoint of experience vs. hearsay or 2nd-hand scuttlebutt  ... not hearing from Lenn the depth/breadth of her own experience in this regard ... I can only take what she had to say with more than a grain of salt.

While there is a talent in critiquing, it is a lesser talent to entering into a dialogue and offering actionable proactive suggestions or proposed solutions. Believing Lenn to be abundantly talented, the reason for my second question was that instead of just critiquing as she did, she would have the opportunity to fill in the gaps she noted ... to contribute to building up the knowledge base. Unfortunately, we once again lack any response from her.

I do agree on one item she noted and that has to do with cost/pricing .. rarely do I ever see the costs of the work in the stager's marketing materials, and this may be creating a barrier between you and a larger range of propspective clients.  And I have a suggestion I posted on another blog today to a stager you may consider.  I've been thinking about it for awhile as I've been in conversations with other stagers about marketing to Realtors.  I understand there is a consultation fee ... and out of necessity fees would vary on each property due to the work involved ...but I'm a huge HGTV fan and suggest you guys try a page out of their playbook.

Like the TV show, put up an accounting of the MATERIALS used in the room. IE.. Title it "Sellers Budget = $1000" (or whatever) and then list under it the materials used on your "After" picture... just like they do on TV... Flooring $ 175; Window Treatments $ 100 etc etc.  I think this may enhance your marketing for several reasons: (1) TV viewers are already culturally condidtioned to this format, so they quickly equate your level of expertise with the TV experience (2) You're acknowledging the Seller has control over the budget --- I think "job creep" is a big fear to a lot of folks considering staging and this combats that fear (3) If you do multiple rooms, it gives you multiple times to positively "touch" your reader  (4) It moves the focus onto the results and sublimates "the worth" of the work ... in most stager marketing this value proposition is reversed with all the money lumped together they haven't a clue what/how you did anything so their brain wraps around the total $1700??? and they ask "hmmm is it worth it?".  There is a value to them seeing a materials list ... $75 for drapes ... they did those drapes for $75??? and then they insert their own value / worth proposition "Dang! They did GOOD!!!!"  See the difference?

I'm not a stager, but I'm a pretty fair marketer .. and that was just something that occurred to me. From your own experience, it may have downsides to you -- and I leave that for you to sort out, but thought I would mention it and let you run some brain cells over the idea.  

 

1:12pm • #19
153,510 Points 10 Featured Posts

Thank you for shedding light on some of the "specifics", Lenn.  I just have to reiterate that Staging is to help increase INTEREST in the property and how it connects with Buyers.  As for Testimonials, They are not a "dime-a-dozen" for my company. 100% of the testimonials have been NON-Solicitedand simply sent to us via email or LinkedIn. 

Kathy, all I can say, you already said for me, "...in TODAY'S market you may not get the opportunity to negotiate any "credit" if the Buyer never even sees your property because they did not like what they saw." - AMEN!

Hi, Judith, and thank you for taking time to come back to check the comments.  In response to a couple of your points:

  • Our Staging Bids are always FREE (this is ALL over my website and marketing)
  • Consultations are a flat $250 (again, all over my website and marketing)  Keep in mind that these take typically 2 - 2 1/2 hours to tour the property, it then takes about another 2-3 hours to type the complete report and send it out to both the Seller and LREA
  • Unfortunately though, I must respectfully disagree with your last suggestion as you semi answered it yourself. "out of necessity fees would vary on each property due to the work involved." Every property is different, occupied homes might involve 3 hours of clean up, others involve DAYS and CREWS of cleaning and organizing.  As one Stager recently called it a "Stagervention" - as a Stager you have NO idea what it will cost until you actually SEE the house.  Vacants are the same way - you may be able to leave some rooms un-Staged (like excess bedrooms), but Staging also involves size & scale.  I wouldn't bring a 9' couch into a small condo, and I wouldn't bring in a love seat if the rooms really needs a sectional ~ again, for us to give an accurate estimate or bid, we must physically tour the home.

Also, to detail "Accessories cost $x & furniture cost $x" is also essentially not possible because we do not buy the inventory for the Owner such as they do on the HGTV shows - we use our own inventory.  My company probably has $50,000+ in inventory (some furniture, bedding, rugs, silk plants, artwork, pillows, throws, dishes, mirrors, books, candles, etc) and every house is different.  I just bought a $300 mirror for a property I am installing this week, but I'm not charging the Seller that $300.  We also typically bring a LOT of inventory to a home, some we use, some we don't. Lastly, some Sellers want "only the basics" to keep their budget low, others request "Model Home" Stagings ~ so physically listing the prices in categories would not be possible as EVERY home is different. 

Lastly, these shows do not factor in LABOR, CARPENTRY, TRUCK RENTALS, GAS, MOVERS, as well as basic overhead costs of DOING BUSINESS (licenses, insurance, payroll, rent of warehouse space, marketing, etc.)  I would rather meet or speak to my clients face-to-face about my services then for them to possibly be "scared off" by a fabricated detail of costs listed on my marketing.

11:32pm • #20
AUG
17
2009
579,837 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Connie- Well put re the costs of Staging.  Do we want to itemize all charges as do attorneys and others and begin listing charges for making a copy of something;our time purchasing any items to be used in a home; our time working with furniture rental companies scheduling deliveries; packing, unpacking, repacking, etc.  They're also paying for our expertise in the area.  You're absolutely right about the other costs such as licenses, insurance, etc.  All stagers that I know do their best to try to save their clients money and work within their budget.  And, many stagers I know throw in extra inventory and services if they feel it will help with the staging of the house. We always take more just in case it's needed and don't charge for it. 

HGTV breaks down the costs but they only show the hard costs, that is, what the sheets or new pillows cost.  They do not include the time and gas to purchase them.  They do not include the labor, nor do they include the professional expertise of the stager. 

7:51am • #21
118,470 Points 9 Featured Posts Attended Rain Camp Called Shot Master

Connie / Kathy -- thanks for your respective responses.  Interesting business... staging... very different cost prospectus than mine, but I have a digital product and actually perform all the work up front and then erase from the drawing whatever they decide they don't want to keep (and pay for) --- your circumstances don't really have (or allow you the luxury of this type of) this digitally-based equivalent.   

2:00pm • #22

What does the graphic say?

Leave a response…



(optional)
What does the graphic say?
 
Img_1153_-_copy_-_copy Rainmaker_large

Connie Tebyani, Platinum Home Staging Los Angeles and Ventura County

Calabasas, CA

More about me…

Platinum Home Staging, Inc. : RESA-Pro

Address: Calabasas, CA, 91302

Office Phone: (818) 878-9936

Cell Phone: (805) 402-7102

Email Me

View Connie Tebyani's profile on LinkedIn

<!--Ribbon Ad Start--> <!--Ribbon Ad End-->



Listings

Links

Archives

RSS 2.0 Feed for this blog