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QQ - should you get the home dressed up again for the Appraiser?

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Services for Real Estate Pros with Vizzitopia

The Bank AppraiserA question I was asked this week --

do I have to put the house back into show shape for the Appraiser?

 

Yeah, you do!

 

Here's why?

#1 The Appraiser is only coming to the house to give it a value.  You can not afford for them to be leery of anything when they arrive at that dollar amount.

#2  You cannot take the risk that this particular appraiser "has vision", can "see potential", will "get" your home. Not in this market, not in any market.

#3 Someone's realtor is coming along to make sure the property comps out correctly so that the deal stays together.  More than likely it will be the selling realtor.  You still need to provide them with something to work with.

 

So, tidy up one more time, Fabreze left, right and center and light up...it's only one more time if you do it right and then you're done!  The added benefit is, of course, that you get to enjoy your house all sparkly clean, neat and tidy one last time before it all disappears into boxes.

 

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Juliet Johnson has been home staging NJ for what will be 7 years come April 2009.  For more tips and usable advice

 

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Juliet Johnson
the Home Marketing Maven
Juliet Johnson Staging
Short Hills, New Jersey
Work: 973-477-7000
jj@julietjohnsonstaging.com
Home Staging and Marketing, onsite and online using online social media
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Comments(16)

Janice Sutton
1st Stage Property Transformations - Murrieta, CA
Home Stager - Temecula Murrieta

Great point Juliet!  The home should always look it's best.  Appraiser's are a very important part when it come to selling your home. 

Feb 25, 2009 03:04 AM
Michelle Finnamore
Toronto GTA, Alliston, Newmarket - Vaughan, ON
Preparing your property for sale

Wonderful advice that I hope the Realtors are relaying to their clients. Usually as a home stager we have picked up our inventory before the appraiser arrives but it is still worth reinforcing with the client.

Feb 25, 2009 03:16 AM
Juliet Johnson
Vizzitopia - St Johns, FL
Jacksonville Photography & Digital Marketing

Thanks, Janice and Michelle.  I believe we often forget the person who's ultimately going to sanction the number.  That number is soooo important in today's rickety market.  I agree Michelle, that we usually wait for inspections and then pick up; it's rare to wait for the appraiser.  I'm wondering if we should switch that now....

Feb 25, 2009 04:30 AM
Cathy Worrilow
Farm & Home Real Estate & Auction - Fayetteville, TN

I believe that sellers who truely want to make a sell of the house should keep it staged! When I say this I mean that they have planned to move anyway, so they should go ahead and declutter, pack up unnecessary items, and be ready to for any showing. We had our home appraised at the beginning of last year and not thinking left everything the way it was. We got a nice appraisal but it could have been better. In November we had another one done because of changes in the area and remodeling and this time we staged the home as if we were going to sell it, we got a higher apprasial. I recommend to all my clients to have their home staged, to hire someone to help them do that is licensed and educated in the home staging business, and insured!

Feb 25, 2009 07:08 AM
Melissa Marro
Keller Williams First Coast Realty - The Marro Team - Orange Park, FL
Jacksonville Real Estate and Home Staging

oooohhhhh I like your tweet bird!!!

Ok, back on track.... This is really good advice!  Part of the inspection criteria is condition.... hello staging.. just another reason for it to look fabulous!

Feb 25, 2009 09:53 AM
Michele Hess
Simply Staged Inc. - Rockford, IL
Home Stager Rockford - Simply Staged Inc

Excellent point Juliet.  Seems the home is usually grearing up for packing mode by the time the appraiser arrives.

Feb 25, 2009 10:29 AM
Sheila Kennedy
J29 Project - Rochester, NY

I had my home appraised this summer and I spent a whole week primping and staging.  My husband couldn't understand why I was going to all of the trouble.  He was certainly glad I did when the appraisal came back higher than either of us expected.  It really does pay to have it in great condition.

Feb 25, 2009 01:27 PM
Annie Pinsker-Brown
Stage to Sell - LA Home Staging - Los Angeles, CA
Stage to Sell, Los Angeles Home Stager

Great point Juliet! I just got a call from a guy who isn't selling but just wants to refinance and wanted us to Stage the property for one day for the appraiser!

Feb 25, 2009 02:55 PM
Juliet Johnson
Vizzitopia - St Johns, FL
Jacksonville Photography & Digital Marketing

Oh, Annie, thank you!  What a great testiment to the point I was making.  Yeah...does this ever justify the point of staging?!  It used to be that Real Estate was simply LOCATION, LOCATION, LOCATION.  There is a new guy in town and he's here to stay -- CONDITION!!

Feb 25, 2009 11:23 PM
Joanne O'Donnell
Chic Home Interiors - Oakland, CA

Juliet, excellent blog, I always work with my sellers to ensure they get this concept, it is so important.  I have had appraisers who have taken my staging classes who told me they know they are effected by staging.  You and I, by the way, started staging the same month in 2002!  Like twins separated only by a continent! 

Feb 26, 2009 12:08 AM
Juliet Johnson
Vizzitopia - St Johns, FL
Jacksonville Photography & Digital Marketing

Well, Joanne, if I can be half the stager you are I'll be happy!

Feb 26, 2009 02:19 AM
Maureen Bray Portland OR Home Stager ~ Room Solutions Staging
Room Solutions Staging, Portland OR - Portland, OR
"Staging Consultations that Sell Portland Homes"

My home was appraised recently and I spent a week getting everything in top shape.  The appraiser had 30 years of experience in his field and said the home was in top condition and showed beautifully.  The appraisal came back higher than we expected ... so yes, it's a good idea to keep your home staged through the appraisal!

Feb 26, 2009 03:34 AM
Holly Gray
Rising Moon Interiors - Kalispell, MT
Professional Home Stager - Bigfork, Kalispell, Whitefish Montana

Great post Juliet,

 I have had homeowners want their vacant homes destaged as soon as they get an offer. That seems risky to me, who knows how many times the potential buyer will come back to see the home, let alone the appraiser etc. Don't want them to lose that emotional connection, right?

Holly

Feb 26, 2009 04:19 AM
Patsy Overton
Patsy Overton Interiors, Atlanta, Georgia - Duluth, GA

Great point!  The proof is in the higher appraised value.

Feb 26, 2009 06:26 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha Juliet,

It's always advisable to give your property it's best face when it's on the market regardless of whose looking at it. But with that said, inspectors are looking for specific things when they inspect a home that affect the real value of the property and don't take into consideration if it's staged or not.

Staging usually doesn't affect those issues that the inspector is looking for and if your staging is used to hide instead of enhance than your inspector may be suspect of your ethics as a stager.

New counter tops, hard wood floors, fireplaces, the condition of the roofing, electricals, duct work, HVAC issues, cracks in the foundation, broken fixtures, painted shut windows, leaky pipes, are some of the many things inspectors look for. What doesn'tgo into the report is whether the curtains match the carpet or the paint in the bath is too bold, or the kitchen has too many appliances on the counter top and whether the aesthetic look of the house is pleasing to the inspector. Now if you as a stager uncovered an old fireplace and got it inspected and operable than you have increased the value of the property. If you uncovered and painted an old fireplace that doesn't work and needs a new chimney you have actually decreased the value by creating an unusable fixture that needs repair.

The conjecture that staging raises the appraised value is a fallacy. You can put a diamond studded toilet with a solid platinum toilet seat in a house but the appraiser is not going to say well the house is priced at 150,000 but is now worth 500,000 million dollars because of the toilet. He's going to look at other comps first and offer an appraised value based on the neighborhood. I've heard many appraisers say oh, the house looks great but the exterior needs painting, there's termite damage in the attic, the pipes in the back need to be replaced, It's going to cost probably 75,000 to repair and replace so down, down, down the appraised value goes.

If the neighborhood does not have a lot of remodeled and up dated homes and your home has an updated kitchen with high end fixtures, than the appraiser will pump up the value. If there's a horizontal crack in the foundation, it doesn't matter what the aesthetic look of the home is, the sellers in big trouble.

My suggestion is for you to talk to an appraiser to find out what does effect their appraisal. I think you'll be surprised how very little a stager does affects the appraised value save updating fixtures, appliances, and remodeling. Best wishes.

Peace,

 

Feb 26, 2009 10:51 AM
Ginger Foust
Certified Staging Professional - Oakhurst, CA
Home Stager Oakhurst CA, Dream Interior Redesign & Staging

Juliet my husband would agree with Kimo.  He was an appraiser for many years and his training taught him to look beyond the surface items and to look carefully at things as Kimo mentioned.  The comps are critical in an appraisal and rarely does an appraiser see the interiors of the comps.  I do think that clean is very important but I think that most appraisers would say that they look beyond the pretty interiors.  Now what do I think...of course it should be staged! 

Feb 26, 2009 02:32 PM