FOXY INTERIORS INCORPORATED SERVING CENTRAL FLORIDA
HOME STAGING. REDESIGN. RENOVATION
“I Want a Re-do” Suzy screamed! “Why” I said, “What’s Wrong”. “Oh everything, I just had to reduce the asking price of my home by $10,000. The realtor said we had to do a price drop because the house has been on the market already for three months and we haven’t had any offers. I’m so upset.”
“My dear friend Suzy, I know you want to downsize and move to smaller living quarters. You should have contacted me before you put your home on the market. We would have had a discussion about how to prepare your home to appeal to the most buyers first.” Although not happy news, Suzy listened with a discerning ear.
We embraced each other and went inside so I could help soothe her soul. We sat down at a cozy table enjoying a cup of coffee and I explained the home staging process. First we’ll examine the outside of the house and look for any repairs that need to be made. We’ll talk about ways to add curb appeal so the buyers will want to come inside. I then explained that the wallpaper had to go; it was very dated. The red accent wall in her dining room needed to be painted as well. I made suggestions for what items could stay and what she needed to begin packing. I asked her to take some time doing a few preliminaries and to contact me when she was ready to move forward with putting her home back on the market. We could then use either her existing furniture -- it was in great shape and also a neutral color, or we could rent furniture to stage her home. With the second option, she would be able to move to a smaller apartment almost immediately.
I then explained what she was actually losing in total – not just with her first price reduction.
“Suzy, to figure out how much you’re losing, let’s take a look at your recurring monthly costs.”
|
Mortgage Payment |
$1,400 |
|
Electric |
$350 |
|
Water |
$150 |
|
Total Monthly Expenses |
$1,900 |
“Suzy, if you take the $5,700 you spent in your carrying costs [$1,900 times the three months it has already been on the market] PLUS your first price reduction of $10,000, you have already lost $15,700. I do apologize for being the bearer of this news, but these are the facts.”
The Wall Street Journal this month published an article which posed the question: Does Home Staging Pay Off? The loss you will take by not preparing your home to sell before marketing far exceeds what you would have spent in home staging fees.
To find out how much your own situation is costing you, please click on the Home Staging Calculator. Home staging by Foxy Interiors in Central Florida will help you get the results you are seeking. It has been proven time and again statistically that staging helps sell homes quickly, often with multiple offers and at or above the asking price.
Want to give your home that smart “foxy” look before listing, then give Foxy Interiors a call at (407) 715-1737 or send us an email. We’d love to help you achieve your goals of selling your home quickly and moving on in life.
The End of Story (all fictional characters)
Thanks for dropping by. Do you need a re-do too?
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