Home Staging Company RE-ARRANGE IT INTERIORS, serving Chicagoland Illinois, STAGES FORECLOSUES AND INVESTMENT PROPERTIES WITH BIG REWARDS FOR INVESTORS.
Are investors starting to manage and sell foreclosure properties differently?
We are seeing a new trend in Illinois market were investment companies are working in a staging budget to sell these properties faster and for higher returns. For a long time staging a RELO or foreclosure was a rarity. It was all about price..formulas used to calucate everthing...good "Cap Rates" (operating income divided by selling price) when purchasing an investment property.
Well many investors are seeing the advantage of using a PROFESSIONAL STAGING COMPANY...but it may not be popular for everyone. WE SEE THESE COMPANIES ARE NOT INCREASING THEIR OPERATING COST to include a staging budget just dividing it up differently. In other words the property managers and RE/Agents are being asked to take less if they want the property or listing. So far its been a WIN - WIN for everyone. The properties are selling much faster, they are attracking buyers otherwise not interested in foreclosures, and the offers are much better.
ARE YOU SEEING THIS TREND AS WELL?
EXAMPLE: This new construction forclosure in WHEATON Illinios was on the market for almost 2 years. On paper it looked fanastic...a real steal! Everyone agreed it was priced right at 585k, so what was the problem..
NOTHING A PROFESSIONAL STAGER, couldn't fix. The first offer came in within hours of being finshed.
Here are some photos:
We staged the main level and master bedroom of the 3500 sqft home.
Living Room before-
LIVING ROOM -AFTER
DINING ROOM - AFTER
FAMILY ROOM BEFORE- The yellow walls were over powering so we painted it a softer gray/green to not make the room all about the color.
FAMILY ROOM - AFTER
The inexpensive faux silk panels hung on metal utility rods cost approximately $130 for all 4 windows. We have many in this color as they seem to go with everything and go up and down in a flash. They really give a room a finished look.
BEFORE - DEN/OFFICE
BEFORE - KITCHEN
AFTER - KITCHEN
CAll Margaret today for additional information.
Re-Arrange It Interiors, Home Staging & Design
Margaret Gehr, 815-530-3566
Serving Chicagoland home owners, investors, and Real Estate Agents.