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Are you an INTERESTED or a COMMITTED home seller? ... How this can impact your house sale

By
Home Stager with Birgit Anich Staging & Interiors, 203.807.4040

I am sure you have heard this before: What is the difference between being interested and being committed?

It has been said thatimage “when you are interested, you do whatever is most convenient. When you are committed, you do whatever it takes.”

Are YOU interested or committed to selling your house? This should be your first question when deciding to put your house on the market. YES, you are hiring a real estate agent to help with your home sale, but NO, your agent cannot do this on his/her own. The Real Estate Agent needs your commitment. There are certain aspects in the house selling process that he/she will need your help with, as these can have a big impact on how quickly your house will sell and for how much. These aspects will influence the tools that will be available to your real estate agent for most efficiently and successfully selling your single most valuable asset.

Once a house is on the market it is no longer your home, but a house, a PRODUCT that needs to be sold. Therefore, it needs to be marketed as such, it needs to be merchandised. After all, you are in competition now with all those other home sellers in your area. Products that we purchase on a daily basis are being merchandised and marketed – look at cars, beauty product, fashion, food products.,,,,, A house should not be an exception. So what are the marketing tools that are available to you and your real estate agent?

1. Location – you have no control over this factor. You cannot change the location of the house that you are selling. image

2. Condition and Showcasing – how well your house has been maintained and the presentation of the home for promotions and showings. Committed home sellers take this part of preparing the home for sale very seriously. The best, most efficient way to get this step of the home selling process done is by getting advice from a professional home stager. Real estate stagers have extensive knowledge about what buyers are looking for and how to set your house up that these buyers are being attracted. This includes deep knowledge and experience in which home repairs, home upgrades, paint colors, furniture placement,… will give you the highest return on investment and will sell your house faster. As Kris Berg from HGTV’s FrontDoor.com states: “Staging is not a do-it-yourself sport, and only a third party specialist can bring the neutrality and objectivity needed to accomplish the goal.” According to a research conducted by the Real Estate Staging Association (RESA) professionally staged homes sell on average 67% faster.

3. Price – the price is greatly influenced by the Location and the Condition/Showcasing as well as market value. If the listing price is set right, real estate home staging can influence the price buyers are willing to pay. According to several sources such as Barbara Corcoran, National Association of Realtors and others professionally staged homes sell on average for a 5% to 10% higher price.

4. Promotion – Did you know that over 94% of home buyers look online first, before visiting a listing? So, your online presentation is the best marketing tool that you have to get traffic into your house. If buyers do not like the online pictures they will not even take a look at your property – your house will be off the list before even being on the “to visit” list for home buyers. Therefore, it is critical that these pictures look awesome! Having your house staged BEFORE these MLS pictures are being taken will ensure that your house is being presented at its best and will stand out from the competition. Keep in mind that you can lose the sale by ONE click of the mouse. It is all about first impressions and immediate connection with the home buyers within the first 2 to 5 seconds.

Barbara Corcoran, one of the most successful real estate agents in the country, emphasizes the importance of staging: “Staging is no longer an option, but a must if you want to sell your home”. Staging a home for sale is the key to success. Most successful real estate agents across the country will not even accept a listing if the seller does not at least have a home staging consultation and act on the recommendations. These agents know that their marketing strategy would be solely limited to PRICE (see graph below). Yes, at one point the price of your home, after sitting on the market for a long time and having one price drop after another, there will be a buyer eventually. Is this your goal when selling your home? So, are you an interested or a committed home seller?

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Posted by

About the Author: Birgit Anich is the President and Creative Director of Birgit Anich Staging & Interiors one of the most innovative real estate staging and design firms in Fairfield County, CT. Our distinctive approach is creating a lifestyle experience that sells homes fast and at the maximum price. Birgit’s focus is working with home sellers and their real estate agents to prepare their property to appeal to the most likely buyers. As Certified Advanced Stagers, trained by HGTV star Matthew Finlason, Birgit Anich Staging and Interiors transforms a property into a buyer’s dream using Targeted Lifestyle Marketing Techniques.

Birgit also won the most prestegious awards in the Staging Industry - Regional and National Awards of Rookie Stager of the Year by RESA.

Copyright © 2011 Birgit Anich Staging & Interiors, LLC – All Rights Reserved

RESA Rookie Stager  RESA-PRO SAR Advanced Design Specialist

Fairfield County, Connecticut   I    www.BirgitAnich.com   

 

Paul Dougherty Associate Real Estate Broker
Howard Hanna / Coach Realtors - Huntington, NY
Trusted, Tested & True. Our Results are Better!

Great post. I appreciate the time, thought and effort put into creating this post. Thank you for sharing.

Dec 01, 2011 01:49 PM
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

I like that. I think committed sellers will sell and probably make more money selling.

Dec 01, 2011 01:54 PM
Kim Gaston
RE/MAX Advantage Realty - Colorado Springs, CO
Colorado Springs REALTOR®, CNE (719)661-6987

Birgit, your chart illustrates it clearly. Nicely done.

Dec 02, 2011 12:03 AM
Ginger Foust
Certified Staging Professional - Oakhurst, CA
Home Stager Oakhurst CA, Dream Interior Redesign & Staging

Love the chart Birgit and your link to Barbara Corcoran and so much more. In my area many sellers HAVE TO move but they act like interested sellers, not committed sellers and their houses reflect that along with their days on market.   Great post! 

Dec 02, 2011 03:09 AM
Anna Dovger
Add Value Home Staging LLC, 281-704-6607 - The Woodlands, TX
Home Staging -The Woodlands, TX

Birgit, commitment is the key to success. I love your illustration to it.

Dec 02, 2011 01:19 PM
Birgit Anich
Birgit Anich Staging & Interiors, 203.807.4040 - Norwalk, CT
CT Home Stager Fairfield & New Haven County

Thank you Paul! It is nice to know that my efforts are being valued! :)

Chuck, I agree. And they make it easier for real estate agents as well. Thank you for cehck in here.

Thank you Kim!

Ginger, unfortunately it also happens in my area very much so. That's why I always talk about this with home sellers and educate when I am at a consultation. I think it is still a lot of public education/awareness how these variables work together and only work most successfully if they are addressed together.

Anna, I could not agree more ... comittment IS THE KEY!

Dec 02, 2011 03:25 PM
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
Retired New Hampshire Home Stager

There's a huge difference between "interested" and "committed"!  Sometimes this business makes me think I should be committed, LOL!  Love the graphic!

Dec 03, 2011 12:06 AM
Kathy Burke
Sensational Home Staging~~Danville, CA - Danville, CA
S.F. East Bay Home Staging

Birgit.....BIG difference for sure!!  If your COMMITTED the house will sell....Interested=Maybe/Maybe NOT!

Dec 03, 2011 03:35 AM
Tessa Skeens
Hampton ReDesign, Home Staging and Redesign - Grand Junction, CO
Staging For Realtors, Builders & Investors

Birgit - I completely agree. I've found that if a homeowner is not fully committed to process of selling their home it will sit. And sit. As you said it's not enough to hire an agent, they have to actively participate in helping get their home sold. Great graphic and love your new photo by the way :)

Dec 05, 2011 05:51 AM
Birgit Anich
Birgit Anich Staging & Interiors, 203.807.4040 - Norwalk, CT
CT Home Stager Fairfield & New Haven County

Sharon and Kathy, thanks for cheking in. While it was ok to just be an "interested" seller several years ago, today's real estate market does not allow to just be interested. It requires home sellers to really be comitted.

 

Tessa, yes it is critical that the real estate agent gets the comittment from the home seller, so the agent has together with the home seller more control over the marketing strategy. 

Dec 05, 2011 08:24 AM
Jamie R. Bell
Bell Realty Group at Berkshire Hathaway HomeServices NEP - Glastonbury, CT
Your Central CT Realtor

Birgit~nice post. I agree staging is important and key for the higher end homes. However, I have found lately that the older clients don't quite get it though.

Here's to a great 2012!

Dec 06, 2011 01:00 PM
Birgit Anich
Birgit Anich Staging & Interiors, 203.807.4040 - Norwalk, CT
CT Home Stager Fairfield & New Haven County

Jamie, thank you for checking in here. These are two great points that you are making here. I have found that staging is needed for all price ranges I have done it very successfully for lower prices up to higher prices with great success rates.

In regards to older clients, I usually spend extra time educating them about what staging is, why it is important and what there is in it for them in the end. I just recently worked with an older couple, but once they understood the benefits, they did everything needed to be ready for the market and they sold within 30 days with multiple offers.

Wishing you lots of fun in 2012!

 

Dec 06, 2011 01:54 PM