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I would rather turn you down …Than Let You Down because staging shouldn’t be your 1st choice.

Reblogger Karen Otto
Home Stager with Home Star Staging

This wonderful post by my dear friend and staging colleague, Linda Barnett, speaks my language. Honesty is always the best policy and in some cases staging isn't in the budget however, clear direction on where the best return on a client's dollars are spent when preparing for a home sale can always be given in a home staging consultation. 

Original content by Linda Barnett

What do you make of a professional home stager that advises some of their clients not to stage? 

Well, I certainly want to continue growing my business which may sound odd from someone saying they advise some clients that it is not in their best interest to stage NOW.  But one of the founding principles of my business is to be trusted by my clients.  I have always believed that every action I take today is either building or destroying my reputation for the future.  So, from day one I wanted to be known as someone my clients could trust and rely on.  With our real estate agent clients, TRUST is a huge factor, knowing that when they place their clients in our hands that they are placing their own reputation in our hands as well.  That is a huge responsibility and one I think needs to be taken most seriously.

Seems like every day we hear stories from our clients that make us stop and evaluate where staging fits into the selling process.  It is not realistic to make the comment that everyone should stage their home prior to putting it on the market.  We all know where staging fits into the selling process, but we find ourselves asking more and more where staging fits in relationship to return on investment and budget constraints compared to everything else that has to take place in preparing the home. 

On some occasions, I am asked to evaluate the best use of a set budget amount that the home owner has to spend and how to prioritize that investment to maximize their marketing potential.  And the factors I have to take into consideration can be overwhelming at times.  Some of those factors are related to the condition aspect of the property such as outdated light-fixtures, countertops, cabinets, faucets and hardware, old tired and outdated wall colors and/or wall treatments, worn carpeting, overgrown or sparse landscaping and the list goes on and on and on.  When a home owner is considering all of this the question inevitably becomes “What’s the best use of our limited funds?

As an example, with a $2,000 budget, there are things on this list that must be addressed before the staging option should be considered.  Placing my nice furniture and accessories in a home in dire need of new paint, new carpeting and upgrades will get me and my business $2,000 dollars but do little to increase the marketability of the home and therefore does little to increase the sales potential.  My best advice in those rare cases is to put the monies into repairs and cosmetic fixes first and then if there is money leftover then and only then should you stage the property.  Condition issues and repairs should trump staging when allocating funds for the potential sale.

A cold hard fact is that not all homes that are “for sale” will be sold.  The statistics are really staggering concerning number of listing verses the number of homes that actually sell. 

“How far do we have to go before it is a sellable product?”  It appears that if you’re not competing in the top echelon of your market on price, condition, presentation, one would have to wonder if your product (house) is really competing at all. And then there is “How far do we have to lower the price to make it a sellable product?”  I’m not sure that is relevant in many cases today because there are  many sellers up-side down or close to it, with limited or no funds to bring to the closing table and are left with the “all of my options have been exhausted feeling”.  So with great sadness on my part, often times I’m helpless to provide the solution so many desire and truly need to project their properties forward and toward the SOLD sign.  I can and do recommend they trade some creative services like cooking, sewing, for storage space at their neighbor’s house or take on extra work to buy painting supplies, but I’m sure to them it’s an insignificant suggestion and not the answer they were hoping for.  In reality, I sometimes have to turn them down on staging before the condition factors have been addressed because I know that it is in their best interest that I come to that unfortunate conclusion.   How about you?  Have you ever had to turn them down because you didn’t want to let them down?

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Indianapolis Home Staging, Training and Redesign Company, Home Matters, is central Indiana’s expert when it comes to preparing and staging your home for the Real Estate Market. In business since 2004, Home Matters has successfully worked with thousands of home owners, realtors, builders and investors in creating beautifully, welcoming spaces that helps get homes sold. Home Matters team of professional home staging designers have been featured on FOX 59 news, WISH TV, Angie’s List Podcasts, Indianapolis Star, IBJ, Real Estate Life Style Magazine and other Central Indiana News Publications. Home Matters has the experience, expertise and the resources to assist you with all of your staging and redesign needs.

Our goal is quite simple; We create stylish…. warm and welcoming houses that captures the buyers attention from the moment they are introduced to the property. We focus on the buyer demographics, the selling features, lifestyle selling techniques and the strategic placement of furniture, accessories and art that translates to a powerful marketing tool!

With over 90% of buyers looking to the internet to search for their new homes, we understand the power of making your homes first impression work to your advantage. Photos of each staged room will give your prospects an idea of what to expect during their tour of your property. With your homes presentation in order, you will impress potential buyers right away!

Whether your home is vacant or occupied we are ready to help you “set the scene” so you can “seal the deal”.

For more information regarding our services, please feel free to take a look at our website and to see our work products. www.homemattersllc.com or contact us at 317-209-9801

 

 

Posted by

Home Staging Dallas - Karen Otto

Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Karen-Absolutely, I hate doing it, but I totally agree with you, about sometimes it's just not in the budget to do what needs to be done to the house to get it sold, brutal honesty.

 

Best

Nov 16, 2011 04:19 AM
Jason Gracey
Re/Max Vintage - Cypress, TX
Re/Max Vintage

Approaching tough situations with honesty and kindness is always appreciated in the long-run by the client. We will build a better business with this model that taking the money in the short term and leaving behind a list of unhappy clients who will only blame us.  Really good article.

Nov 16, 2011 04:28 AM
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Karen,

There is an old saying,"price cures all ills." However, price concessions generally need to add something for the buyer's "effort spent" to accept that condition, etc. It takes wisdom to "allocate the resources" available to create the sale.

Have a great week,

Steve

Nov 16, 2011 04:32 AM
Karen Otto
Home Star Staging - Plano, TX
Plano Home Staging, Dallas Home Staging, www.homes

So true Adrian, not always easy but is the best for both you and the client.

Great additional points Jason!

You're right Steve, wisdom and discernment are important to advise our clients effectively. 

 

Nov 16, 2011 04:59 AM
Joanna Cohlan
Fresh Eyes For Your Home - Chappaqua, NY
Designing, Decorating & Staging Westchester Homes

Karen, thank you for sharing this because it addresses our credibility as a professional, and that is not easy to find or always the case.  Some houses just need to go on the market "as is" and let the chips fall where they may and that is best all around!

Nov 16, 2011 08:10 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Karen: This is really a good point & I bet overlooked between the agent/stager relationship. Sometimes funds are so tight that nothing can be done besides suggest.  This is really a great heartfelt post.  Wish this lady was in my area!

Nov 22, 2011 08:20 AM
Sebastian Barrett St.Troy
Austin Market-Ready Services, Home Staging and Real Estate - Austin, TX

Karen, It's very good to see others working for the best interest of the home seller, which is really where our interest should be.  When we work with a home seller or Realtor to provide the best advice for preparing a home for market, then we all win in the end.

Thank you for reposting this and for working for the real client, the home seller.

Dec 14, 2011 05:55 PM