Staging for all its glory is really about cutting through the daily life & order of things and finding ways to best represent the home for today's buyer.  I am regularly surprised at the lengths some clients will go through to get the job done & then more surprised by others who won't.  Let me give you some insight......

Normally with owner occupied homes I come out and view the property, take photos & make lists - lists of things the homeowner can do to improve the salablility of their home & ways of helping improve their bottom line (the finiancial line that is).  These lists typically include things like taking items off the kitchen counter, moving furniture, changing linens, adding or subtracting art & painting.  Most of the time I can tell what homeowners will do and what they won't by conversations with the agent before the consult & talking to the homeowner before, during or after.  I nearly always provide a price quote with my final written report broken down into segements.  This allows the homeowner to pick & choose which of the jobs they can do themselves & which they want to pay for us to do. 

Occassionally (far too often really) I find it is the ones who need the work the most who will choose not to do the simplest things.  One of my clients has a great house, a cookie cutter suburbia home.  They haven't done much in the way of improvements.  They don't have much in the way of furnishings or art.  The walls are still builder's white.  They are military & have received transfer papers.  The husband will leave shortly to their new duty station & until the home sells they will live apart.  The wife and small child will stay behind. 

The report contained the generics of de-clutter, add a rug here, take down some photos there..... The heart of the consult & needs of the home revolved around a bonus area at the top of the stairs nearing the bedroom spaces.  This was a prime space for a home office - something much desired in this particular demographic group.  Instead the office was currently located in the spare bedroom (along with a queen size bedroom suite).  The bedroom was simply too small to handle all of this furniture & moving the office to the other area would make for a great use of space.... added usable square footage to the current layout.  (See below for space as viewed on my consult day.)

 

Now here is the part that makes me scratch my head.  They won't move the home office to this location because they would have to move their cable internet.  Here in Charleston that would cost them anywhere from $40 - $75.  (I know.  I've done it.)  It is a phenomenon I don't get.  The home has already received several thousands in price reductions.   Why not spend the money moving the home office & sell the home?  (Oh, yeah, the deerhead needs to go to!)

When sellers are moving, they are reluctant to spend any money on the preparation of the sale.  They do, however, expect their agents to pay for visual tours, newspaper ads, marketing flyers, etc.  Maybe it is time for a reality check.  The average home will have at least a few hundred dollars of fix ups & updating expenses. IF a seller REALLY wants to SELL THEIR HOME they need to consider listening to the professionals who are there to help. 

Please note:  Staging & written consultations provide significantly more advice than simply decluttering, adding/removing furniture & painting.  Reports identify all aspects of today's buyer & targeted demographics when viewing one specific property. 

 

20 Comments on $10,000 price reductions & 6 mos on market... why not move the cable instead?

OCT
07
2007
I do not think I shall ever cease to be amazed by the fact that people are often so resistant to spending ANY money to help sell their property and yet take a price reduction many times greater than what it would have cost in out of pocket expenses to avoid the price reduction. Nor will I ever ceased to be befuddle over the attachment that people have to displaying their stuff- like the deer head above.
8:50am • #1
4 Featured Posts
What part of "spend $40 vs. lose another $10,000" don't they understand?  DUH!
9:06am • #2

Pin Heads, some people just don't get the whole idea of making it easier for people to visualize themselves in the home.

Take care!

RJH

9:13am • #3
2 Featured Posts

Melissa, I am finding this more and more in my business.  I do not understand it.  Especially, in light of the fact that I  live in an area that is experiencing a huge boom in new home development.   Resale homes that have to compete with brand new homes in the same price range, NEED to make their home AS presentable as a brand new home!  It is not rocket science!

Having said that, I had a dream client this week.  They had written their own "improvement plan" and have asked me to help them pull it all together before they list!  New paint, carpet, etc. then staging just before they list next year!  They totally get it!  :-)

 

 

10:01am • #4
I do think sometimes that sellers reluctant to do simple things really are having a much bigger psychological issue of letting go of their property. No matter how much they say they want to sell, part of them really doesn't. I once worked with an architect on a vacant property that he had designed and built. It had sat on the market for over a year without an offer and he was desperate to sell it.  Many suggestions that I made were met with lots of resistance (and control on his part). It finally occurred to me that he was having real issues "letting go." 
10:29am • #5
128,105 Points 15 Featured Posts Outside Blog
Melissa - it always surprises me what homeowner will and won't do.   I had a client with the tiniest home in a bad school district on a really busy road.  He totally got it - spent probably $2000 and did EVERYthing on my very long list.  The property was listed for $325 - it sold within 2 weeks.  I had another client that wanted to list her home for $1.4 - she had paper shades on every window in the home.  If you have never seen these, they are sometimes put in by the builder to protect the floors from sun damage. They look something like waffle shades but they are made of folded paper.  They don't go up or down and she had them pinned 1/2 way up with clothes pins.  OMG - she was not willing to put a dime into the home.  Honestly, I don't know why she even hired me.  I told her, in the luxury home market buyers have certain expectations and paper shades are just not going to cut it.  BTW that home is still on the market 8mo later.  
11:46am • #6
196,950 Points 6 Featured Posts Outside Blog
Isn't it a strange thing?  I understand when we are talking thousands or even hundreds of dollars changing things.  We've seen people unwilling to put away collections & photos (FREE changes) - they simply won't live without them.  I try to understand where they are coming from & I have to agree with Linda.  They simply aren't ready to let go.  If they were, they would understand that they are moving.. NOW is a good time to pack!
3:48pm • #7

How can we educate the sellers?   It is such a pleasure when one of them sees the light and listens to suggestions that are all for their best interest,  to sell their property!    They just don't think they need help.   The above photo only proves it once again,  they NEED us!

 

3:49pm • #8
OCT
08
2007
3 Featured Posts

The really stupid thing is; they would probably get a lot of use and enjoyment from having an office in a logical place. I'm sure we've all hear this comment after we stage a house "This is so nice, I wish we would have done this years ago". 

This is just another reason to stage your home from the get go. 

2:40am • #9
3 Featured Posts

Isn't that the truth Melissa!!  People are pennywise and pound-foolish at times.  Makes you wonder about this human race at times!!  Missing a few bolts here and there....and common sense is nowhere to be found! Good Luck! Regards-Kathleen G

7:10am • #10
1 Featured Post
It is honestly one of life's mysteries why so home sellers have this mentality.  I am constantly amazed at the short sightedness of it all. 
7:21am • #11

It amazes me on what they won't do also.  We asked one couple of a scale of 1-10 how bad do you want to sell your home.  They already picked out another home and had an offer on it.   They said an 11.  Ok then we need to paint all this faux finished country walls that are everywhere.  Oh no, we can't paint, what if we don't sell, then all my hard work will be wasted.   DUH?

Thanks it good to hear even the top stagers have issue too.

Becky

8:01am • #12
Melissa,
These clients are the kind that are willing to spend a dollar to save a dime. Nuts!
9:05am • #13
OCT
09
2007
1 Featured Post

O boy! I've run into those kids of sellers as well. Makes you want to pull your hair out. (Not really, I want to pull their hair out!)

WHY would someone pay top dollar for a fixer?

When only 10% of the population can SEE the potential of a home, WHY not show them?

I don't get it.

6:53pm • #14
OCT
10
2007
111,559 Points Outside Blog

It is frustrating when folks close their minds to changes.  They usually learn the hard way.

I visited Charleston last spring with my husband & we stayed in the historic district-beautiful city!

6:04pm • #15
OCT
15
2007

Melissa,

       Thank you for the great blog, I was wondering when you were going to get to the deer head. :-)

3:03am • #16
FEB
24
2008
1 Featured Post
We did finally sell this home in January. Yeah! The owners had some issues with showing the property and not allowing access. Interestingly, after the property was vacant, we had 2 showings and we got a full price offer.  The seller was so surprised. DUH! Amazing what happens when you allow the property to be shown!!
4:45pm • #17
196,950 Points 6 Featured Posts Outside Blog
Yes, and when you told me of their reluctance to show the home it made me cringe..... why don't some sellers get it?  This just shows, sometimes no matter what the agent (or stager) tell a client, sometimes it's not the market, but rather the sellers themselves that can keep a sale from happening!
5:17pm • #18
MAR
10
2008
Maybe you can give them an incentive with a negoiation.  I pay for the move if you don't sell before the listing period is up.
Pil
11:38am • #19
I mean cable move.  ;)  sorry about the spelling (negotiation)
Pil
11:40am • #20

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Melissa Marro www.StagingAndRedesign.com www.RedesigningCharleston.com

Charleston, SC

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