I am fortunate to live in an area where most homes on the market are at a premium, even when the market is correcting itself (South Bay, Los Angeles i.e., Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes) with most homes listing at over $1M for an average 2,000 sq. foot home/condo. However, home sellers are not getting the full ROI in this market and realtors are not earning as much commission. Why? Because they are ignoring the importance of professional staging and the small updates that need to be made to market a home to its fullest potential.
Here is an email I wrote to a realtor partner today (I have worked with in the past) turning down business. It went something like this:
Thank you for contacting Exclusive Home Staging and attached is the proposal for your listing.
I wrestled with our telephone conversation today regarding reducing the staging cost by reducing the furniture and accessories to a minimum. I cannot to do this, and here is why:
- I take pride in my work and my staging is not main stream or the same in every house.
- I work to enhance properties and to help realtors and owners sell for as much as possible.
- I don't want to put a chair and a plant in the corner or just a bed in a room and convince you or the home seller that it will help sell the property... and the selling price is reduced in 2 weeks.
- I look at each property differently and furnish it according to the style and the buyers market that it is appealing to.
A property is usually seller's biggest investment. Enhancing it by putting $5,000.00 into a property such as this home is better than taking a 2 - 5% price reduction in two weeks. I truly believe, as is, a buyer will want allowances for the appliances, fixtures, etc., and staging will not help.
If your buyer is on a limited budget and is not willing to replace appliances, lighting, etc., then I think painting and carpet cleaning is the way to go. I can offer a color consultation in which I will charge for you $$$ or I can refer you to another home stager.
Thank you again for contacting Exclusive Home Staging, "First Impressions... Deliver Results".
Putting perfume on a pig won't bring in the bacon if a home seller is unwilling to invest in properly marketing their property to sell.
I commend you on your professional approach to a difficult situation. Sometimes it is best not to compromise quality for $$$'s.