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Bank is paying for Staging

By
Real Estate Broker/Owner with Karen Sue Realty, Inc.

In my 5 years as a Home Stager in Austin Texas I can tell you that for the first time I received a request to do a Staging on a foreclosed home. The home is valued at around $550,000. Maybe that is why the bank is willing to invest some money into the house.

But I think this will be a great topic to bring up to sellers that are resistant to Staging.

I have a statistics page on my web site at www.sellrighthomestaging.com . Please feel free to use these statistics to present to your sellers when discussing the topic of Staging.

I will also be placing the bank owned properties on the statistics page as they sell so you can present these statistics to the banks when you get those listings.

 

 

Comments(7)

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Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Thanks for the blog. That is interesting that a bank has paid for staging

Feb 26, 2009 12:08 PM
Rhonda Cheek
Harry Norman, Realtors - Marietta, GA

Karen,

We had the same thing happen here in the Atlanta area with bank's paying for the staging of a home. In our case there were about 7 homes foreclosed in the same community and they staged the model. Price point was about 200,000 less but made a huge difference in the DOM.

Rhonda

Feb 26, 2009 12:21 PM
Trey Thurmond
BCR Realtors - College Station, TX
College Station , Texas Homes

I think this is really great.  Staging can and does make a big difference.

Feb 26, 2009 12:43 PM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

Unbelievable in my opinion.  I didn't think banks were that smart.

Feb 26, 2009 12:51 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good news. Hope more sellers agree to stage their homes.

Feb 26, 2009 10:30 PM
Jessica Wallace
Coldwell Banker - Santa Cruz - Santa Cruz, CA
Santa Cruz Realtor (831) 419-9345

Banks paying for staging?  I don't think I've seen that here yet but I can tell you it would really help.

Mar 01, 2009 06:54 AM
Janice Ankrett
Burlington, ON
Staging Professional

Good to see another area opening its mind re staging. They want their money back just like a home owner.

Mar 01, 2009 11:27 AM