Jennifer Love Hewitt Lists and Leases

OWNER: Jennifer Love Hewitt
LOCATION: Los Angeles, CA
PRICE: $12,500 per month
SIZE: 3,216 square feet, 4 bedrooms, 4 bathrooms

YOUR MAMAS NOTES: Almost two weeks ago now it was revealed by the long-legged blond at Trulia Luxe Living that Texas-born former child star turned—ahem—actress Jennifer Love Hewitt put one of two multi-million dollar domiciles she owns in L.A.'s star-studded Toluca Lake community on the market with an asking price of $2,895,000.

According to property records the six bedroom and six bathroom traditional was purchased by Miss Love Hewitt in May 1998 for $1,695,000 and, according to our pal and occasional informant Babbling Babette, occupied the last number of years by Miss Love Hewitt's recently deceased mother Pat, may she rest in peace.

A Tinseltown toiler since the late 1980s, Miss Love Hewitt first popped up on the boob-toob on Kids Incorporated with future Party of Five co-star Scott Wolf. The early 1990s brought a slew of roles on a whole bunch of not particularly successful tee-vee programs and movies like Shaky Ground, Little Miss Millions and The Byrds of Paradise. Her big Showbiz break came in 1995 when she was cast on the once wildly popular but cancelled in 1999 orphan-family boob-toob drama Party of Five and appeared on the big screen in the I Know What Your Did Last Summer horror film franchise.

The early Aughts brought a working dry spell during which Miss Love Hewitt worked frequently but didn't appear, as far as we could tell from a quick perusal of her resume on the Internet Movie Data Base, in anything notable, interesting or remotely successful. In 2005, bless her emoting heart, she landed the lead on Ghost Whisperer, a lucrative role that lasted five seasons and reportedly paid the prolific dater but as yet unluckly in love Miss Love Hewitt as much as $150,000 per episode. Ghost Whisperer went belly up in 2010 but, lucky for Miss Love Hewitt, she quickly secured the starring role in the somewhat controversial and pretty well panned The Client List, a Lifetime channel tee-vee movie turned series about a busty, financially desperate former Texas beauty queen turned single mother of three who secretly becomes a well-compensated sex worker in a high-end massage parlor that specializes in happy endings.

Despite the topsy-turvy, roller coaster nature of her career in January 2006 the gossip glossy regular possessed the dough-re-mi to drop $5,500,000 on a second luxury residence in Toluca Lake almost directly across the street from the recently listed one and, as it turns out, put up as a furnished lease two weeks ago at $12,500 per month.

Current listing information reveals the walled and gated three-story Spanish-style casa was originally built in 1926, weighs in at a spacious but hardly huge 3,216 square feet and includes a total of four bedrooms, four bathrooms and two full kitchens, one on the main level with large center island, butcher block counter tops and commercial-style appliances and another, woefully dated one on the lower level where its convenient to the swimming pool and backyard entertainment areas.

In addition to the two kitchens and formal living and dining rooms, listing information states the (arguably) "tastefully decorated" residence also includes a home office with separate entrance, music room, workout room, and a master suite with deep and inviting, lake-view window seat; double master bath (whatever that is); an extensive, custom-fitted closet and dressing room area; and an boat load of white, (possibly) faux-distressed, and decidedly Shabby Sheek-ish furniture.

The lower two levels of the house open wide to a to a brick courtyard with (ugly) fountain at the front and multiple brick and tile terraces at the back. The lowest level includes an indoor/outdoor poolside lounge/loggia that spills out to the plunge-sized swimming pool and spa. A wide brick stair descend to a private dock. As an enticement, listing information states Miss Love Hewitt has generously included the use of her kayaks and motor boat in the price of her rental.

Because of its close proximity to number of major studios and lots, Toluca Lake has long been a favorite enclave of Hollywood's rich and famous. Bob Hope lived in Tolcua Lake, so did Bing Crosby, Amelia Earhart, Gene Autry, Jim Nabors, and Jonathan Winters. Jennie Garth and Peter Facinelli lived in a Toluca Lake mansion until they split up last year—they still own the house but we're not sure who occupies it—and former Disney cash cow Miley Cyrus lived in Toluca Lake with her family until she moved to her own multi-million dollar abode in nearby Studio City last year. The Jonas Brothers used to lease a house in Toluca Lake and semi-retired singer/actress Hilary Duff finally sold her 8,827 square foot Toluca Lake manse last month for $4,651,500, far less than the seven million she originally wanted. Current residents of the lakeside enclave include Steve Carell, Swoosie Kurtz, Eric McCormack, Ashley Tisdale, and Desperate Housewives creator Marc Cherry.

listing photos: Gibson International

$1,000 Staging. Done Right or Done Wrong?

When a home stager is hired one of their primary responsibilities is to stage the property in a manner that best solves problems or perceived issues sellers may have with it. Unfortunately this may not always happen.

CASE IN POINT: Recently I received an Email  from Adam in Chicago asking for advice over a dispute he was having with his stager regarding the worked she had preformed. Adam wrote…

Hello Craig,

My name is Adam and I am having a disagreement with a stager I hired.

I am trying to sell a 2-bedroom condo in Chicago and recently hired a professional to stage the empty condo. The property is unique in that the living room is very long and narrow, which is why my realtor and I thought it was important to stage it to show its potential. This is the only living area of the property so it has to look like a living room.

We've since (the staging) had ten showings without an offer.

I had two friends over… both of them said is "this room looks like a hallway". They also said that the way it's staged does not show the potential of the living room.

I called the stager… and she maintains that the room is properly staged and that I need to respect her professional opinion. She discounts these opinions because she says she's the professional.

Do you have any tips on how I could deal with my stager?

Thank you very much,
Adam

So that you have a complete picture of all that was done and how Adam's $1,000 was used to stage his property, I have created this short video show.



So... now that you have a more complete picture, I have a few final questions for you to consider.

1. Given the budget, Adam’s instruction, and the style of the home, did the stager stage the home correctly?
2. Did the stager provide a good solution for the problematic living room?
3. If Adam feels the solution provided does not solve the living rooms problem, what should he do?
4. What actions do you suggest the stager take to solve the problem?

Whether you are a seller, stager or realtor... I  am curious to know what you think.

Craig

Getting “PUNCHY” about Great Real Estate Reads

While many people think that a home stager’s job is just to be glorified interior decorators... we actually do much more. So while making a home look good is important, a stager’s job typically begins with a much less glamorous task of putting together a Punch List of repair and maintenance tasks sellers need to complete prior to going to market.

So whether you are a home seller or a real estate blog reader, a Punch Lists can be of great value. These lists simplify, guide and direct us as to where we should focus and invest tour time and efforts. That is why I am calling my top 5 choices the “Punch List of Real Estate Do Reads” submitted for this week’s Carnival of Real Estate.

Making my top 5 list (in no special order) for this week are:

DO READ: “3 Bogus Real Estate Statistics - Know Them or Be Burned By Them” by Joe Manausa at Really Better Real Estate. I gotta admit I enjoyed Joe’s discussion on why he feels the 80/20 Rule, 153 Days is the average market time, and Average Selling Price is 97.3% of List Price are all bunk.

DO READ:  “Every House’s Value is Dropping Except Mine!” by Amy Bohutinsky at the Zillow Blog. Amy, I can only say “from your blog to seller’s ears!” Nice job.

DO READ:  “When Do Schools Start In St. Louis” by Karen Goodman at St. Louis Real Estate Insights. While I don’t live in St. Louis, I gotta admit I found Karen’s post to be quite interesting, and would venture to bet that what Karen notes as a trend in St. Louie takes place all over the country.

DO READ:  “Fannie Mae Adds New Risk-Based Pricing and ‘Adverse Market’ Fees for All Conforming Mortgage Applicants” by Dan Green at The Mortgage Reports. If you have read any of his past posts you know that Dan is as prolific as the title to this post of his is long.  In this post he shares great insight as to why he expects that loan-level pricing adjustments will continue to increase for a 5th and 6th time before 2009.

DO READ:  “How to Sell My House” by Surfer Sam at Surfer Sam Online. With each new day a new seller comes to market. Because this is so, the advice Sam offers never is old. In this post Sam does a nice job breaking get a home sold down to the basics.

I hope find my list of 5 my “to do” list of real estate blogs for this week informative. However, I gotta admit reading through all the posts submitted to the 103rd Edition of the Carnival of Real Estate left me a bit punchy. But I am glad to be a host... cause each week the Carnival points to something that expands my knowledge and understanding to the ever changing, complex and multifaceted world of real estate.

Blog on!
Me

Selling Your Vanilla Box

We all know that the real estate market is in a major slump. Nothing seems to make that grim point more real then when one takes a short drive through any neighborhood. For it is there we see, dotting the front yards of so many homes, a multitude of For Sale signs. But while looking at a sign in a front yard makes a tangible point of reference for what is happening with the sales of single family homes, what is taking place with regard to the condo market is sometimes harder to see. Because often there is no sign, it is easy to overlook the fact that there are many many condominiums for sale too.

In some ways selling a condo is harder then selling a single family home. First, it is not uncommon, especially in larger developments, for one condo in a building to be selling against another condo configured with the exact same floor plan, features and finishes. And, except for slight differences in the exterior façades, it is also not unusual to find one building full of condos to be pretty much the same as another building full of condos in the same neighborhood.

Sellers need to understand that with so many condos to choose from, they all start looking the same to the buyer.  In the buyer’s eye, without much distinguishing one from another, they become just another Vanilla Box.

While there are many configurations of the Vanilla Box, the typical Vanilla Box of today has the door in the rear, sliding patio doors to a balcony in the front, and a kitchen in the middle with stainless steel appliances, granite counter tops and an island that separates the kitchen space from the open dining/living room area. All are pretty much the same…floor to floor, building to building, neighborhood to neighborhood.

With so many condos being relatively the same, the chance for a sale is quite competitive. Plus, if you are a home seller that is currently living in a Vanilla Box, in a neighborhood that offers similarly priced NEWLY constructed Vanilla Boxes… keep in mind that a shiny new Box is much more appealing to a buyer, than a scuffed, scratched, and worn used Box.

Good news is that the hope for a sale of your Vanilla Box is not a lost cause… for either the independent owner trying to sell their unit, or for the builder trying to sell one or more units. Both, for different reasons, can benefit from hiring an EXPIRIENCED home stager.

Stagers will help individual seller trying to sell their unit in a number of ways. First, they will point out the problem areas that make a used home look used, and then offer low cost ideas and solutions that make the condo feel new. Next, while it is a fact that a furnished property is easier to sell then vacant; sellers need to understand that due to size constraints of the home (typically condos are more compact) furnishings in the condo needs to be set in a way that  they actually help the condo show and flow for touring… and a stager can help here too. Good staging is a balance between adding the right amount of visual appeal, without having the interior décor distract the seller’s eye from the property they are considering buying.

For the builder, a Stager can also be of great service. Who hasn’t been a bit surprised to experience a builder’s empty vanilla white unit after touring their lush and lovely model? For this reason large builders have for years had model properties for buyers to first tour. Today, the opportunity and benefit of having a model unit need not be a selling advantage reserved only for the larger builder. Smaller builders can hire a Stager who can provide low cost, yet beautifully designed staged-model solutions. PLUS, if the builder is selling multiple units in one building, should the staged unit sell, the staged model can be moved from one unit and re-set in the next. The added flexibility of a “rolling” model offers yet more flavor and appeal to the Vanilla Box.

So yes, without a doubt this is a tough market, especially for condo owners. But properties are selling. Fortunately, builders and owners of Vanilla Boxes can change the flavor of their offering from FOR SALE to SOLD… with the help of a Home Stager.

Flavor It Forward...

Me

Stagers Should Picture What They Preach

Without a doubt the end result of a home’s staging should be a great visual impression. Because this is so, home staging has come to be viewed as an “image” industry. But as a relatively new industry, home stagers have much to learn from their counterparts in other more established image industries such as advertising, interior design, and landscaping. Professionals in these fields know that to sell and grow their own businesses; they must first present a good visual image of themselves. This impression starts with the logos, business cards, and websites they use to market their products and services.

Be leary of staging hypocrits. If home stagers are going to pitch the need and importance of investing money to ready properties (which is a home seller's "product") for market, then the stager needs to invest money to do the same for what they sell... their staging services. To be fair and judged credible, a home stager needs to invest in their business image. But more than just spending money. A stager's image, communicated through business cards, brochures, and websites, must demonstrate knowledge of and skill to apply basic design principals. Why? Well, basic design principals are universal and govern all visual creativity, including the skill and ability to properly stage a home.

Picture what they preach. Another area, where real estate stagers need to practice what they preach, is in the portfolios they use to sell their ability. First and foremost, the work they show MUST ONLY be theirs... and it better look good. If stagers are going advise sellers and Realtors as to the importance of using good photography to capture and present a home, then again, a stager needs to do the same with photography they show of the their work. A stager's portfolio is a key, yet often overlooked tool that communicates quality, skill and ability.

Seller’s looking to hire a stager can use a stager’s online portfolio to pre-screen and judge a stager's talent and ability. The best portfolios address the following 3 points.

• Versatility & Proficiency - Every market is different and examples of the work a stager shows should represent the types of homes being sold in the markets they serve. However the more depth and diversity a stager can show the better. The most compelling portfolios will show staging work that was done in both big and small homes, vacant and occupied homes, low to high end homes, and the ability in to work with a variety of design styles.
• Same View Point - Proof of a stager's skill and ability is often shown in Before & After photographs. But quite often the Before photo is taken from a totally different position in a room, from the After photo. The best sales testament that shows a stager’s ability and talent come from having Before & After photographs taken from the EXACT same angle.
• Quality Photos - While it may not be possible to take the perfect Before, the After image needs to be well photographed. Stagers that invest the time and money to take quality photos visually communicate their commitment to their profession.

Just as a home that is for sale is being judged by how it looks, sellers can use the business images a stagers shows of themselves to judge skill and ability. The best home stagers will picture what they preach.

Stage It Forward...
Me

See Why & How Seller Used Staging... and ends up selling in 10 Days!

When Wallpaper Attacks, It Can Kill the Sale

In today’s real estate market more and more home sellers are relying on home staging tips and advice to guide them in ways to best prepare their homes for selling. So last week, when I was hired to tour a seller’s property to give them my “Buyer’s Eye” advice, a monster of a problem reared its ugly head. The wallpaper in my client’s home was so extremely ugly I told them I just had to write a blog about it and use it as an example on how monsters like this will negatively affect a home’s sale.

So for the fun of it, and to drive home my point, I present to you (below) what I saw. So hideous was this wallpaper, I have to admit it almost looks like a cliché. However be wise, while not all wallpaper is as ugly this, it still is a problematic issue that sellers need to pay attention to. Fortunately, my clients were motivated and open to advice and willing to take it down. They know they had to present the most competitively appealing property as possible to sell in today’s market. But when it comes to wallpaper, not all sellers are as accepting of staging advice. I have found that the topic of wallpaper usually results in eye rolling, harrumphing, justification and/or avoidance with sellers. So if you are serious about selling your wallpapered home, you need to look it from a sellers view. Keep in mind, regardless of how “fantastic” you think your home’s wallpaper is, it is a HIGHLY personal expression of taste, so chances are potential buyers will NOT like it. Second, buyers want to buy their dream home ready for today, not yesterday. Wallpaper is trendy and needlessly ages a home.

But most importantly, what sellers need to know is this…. when buyers see wallpaper they don’t like, they see dollar signs. When it comes to spending their hard earned money to buy their dream, buyers will scrutinize and negatively react to your wallpapered home as, hopefully, you reacted to my extreme examples above.

So you need to know that any and all the resistance you have about removing wallpaper will be the EXACT same resistance a buyer will have about it too. Buyers know removing wallpaper is an arduous task that can be costly. Because this is the reality of buying a home with wallpaper, buyers know in this market they can and will move on to the next home that does not have that monster to battle.

Stage It Forward...
Me