BUILDERS... FINISH PAINTING THE PICTURE TO SELL YOUR MASTERPIECES

When the real estate market was hot, the practice of tearing down small outdated houses to build modern new homes was a popular practice taking place all over the USA. In some communities the resulting homes, that grew on the land where a small and ordinary once sat, were grand masterpiece properties. Builders learned that if they bought small tear-downs and built large luxury homes they could make more on the deal. But like anything else, once the good idea got out… it didn’t take long for other builders to follow. So to remain competitive, even when the market was good, builders added more luxury features, finishes and amenities to these new grand properties.

But remember what I said about a good idea? It didn’t take long for competing builders to add similar features and elements to the homes they built nearby. The result was a rash of new upscale properties that were more alike then different… at least to the eye of the buyer. When the market was good, this wasn’t much of a problem, for even the grandest of homes were selling. But now the market has taken its down turn, and builders need to find new ways get a buyer interested in these luxury properties they are still trying to sell.

(Click HERE if the embedded video show does not appear above.)

So what can builders do to differentiate their homes from the other competing properties in the area? Well, they can start by watching the video show above. Then they can do basically what has been done by larger developers for years. Developers learned long ago that selling a home was not only about the quality of construction and the physical “brick and mortar”. Selling is also about how easily and deeply the vision of living in the home connected with the buyer. The model home painted a picture of what life could be like living in the new home.

For developers, who build multiple versions of the same home, it’s easy to justify the investment it takes to create a lush-n-lovely well appointed model life. But what about the small independent builder? How can they paint a similar picture that emotionally connects with their potential buyers? Well, until recently the independent builders had no options, they just waited for buyers with “vision” who could see and feel their lives lived in the home.

However, today real estate staging changes all that. Staging brings the benefits of model merchandising to the smaller independent builder at an extremely affordable rate. Model home staging, when done well and done right, enhances the beauty and grandeur the builder built into the home and adds just enough "life"so that a buyer can feel and emotionally connect (fall in love) with it on a deeper level.

Just another reason why and how home staging works…

Me

A Tale of Two Stages

Does this sound familiar? For home sellers it is the best of times, it is the worst of times, it is the age of wise choices, it is the age of foolish decisions, it is the age of sales success and the age of missed opportunities.

In short, it is an age where home sellers are beginning to realize that how their own "sales tale" plays out is more in their control then ever before. More and more know that if they want to sell their home they need to assume responsibility and take a proactive role in the sale. How? Well, besides just hiring a realtor, home sellers are beginning to understand that they must do all they can to make their homes look and be as appealing as possible.
In fact this blog tale is about two couple who did just this… they hired experienced professional that knew how to create the right appeal required to get buyers interested in their properties. What makes this tale more interesting is the fact that it took place during the worst real estate market in years and at the slowest time of the year... a cold and snowy Chicago December 2007.

Late last December, we here at Real Estaging received a call from two different Lincoln Park couples. Both wanted to hire a real estate stager to advise them as to what they could do to best prepare/merchandise the homes they were selling, yet still living in.

Each seller had different reasons why they wanted to hire a stager. The first couple (Home #1 -above) had not yet listed their home and they wanted to get it in tip top shape before they formally put it up for sale in the market. The second couple (Home #2 - below) unfortunately had had their home on the market over 6 months and were not getting ANY offers. This couple was tired and weary and really just wanted to get on with their lives.

So we here at Real Estaging stopped by and did what most real estate stagers do. We toured the property and gave the typical and predictable advice and suggestions (i.e. de-clutter, depersonalize, make repairs, clean up, thin out and rearrange the furniture). But while staging consulting advice as this is good and necessary, both homes still need more. It is "MORE" that makes this staging tale a bit different and helped make 2 prospective buyers respond in the favorable ways they did.

You see both these homes needed just a bit MORE in the way of furnishings and accessories (props). While bringing additional props into occupied homes is not a typical service offered by most home stagers, we here at Real Estaging have found that by adding a few key accessories a home can be given the final FINISHED look that influences buyers to make offers. We often find that adding the right props helps to: 1) Add visual appeal, 2) Tie the home together so that it has flow and continuity, and 3) Solves perplexing space issues. The red dots in both sets of pictures above marks the props we add in some of the rooms.

The first set of pictures (Home #1) is from a Lincoln Park real estate staging that got an offer just a few short hours after it had been toured by the very FIRST person to look at it after staging. For this property we loaned the sellers 45 props (furniture and accessories) to give the homes a finished and polished look. In particular we needed to replace a massive coffee table with a smaller one, bring in a kitchen table and 4 chairs (they did not own one) and replace "controversial" wall art with more understated art.

For the second home (Home #2) we added a little bit more. For this home we brought in about 50 items. One problem with the property was the fact that the fireplace had no visual appeal. It needed some accessories to add some visual interest to it. Also the wall, directly to the right of the fireplace had NO art on it. The massive 12 foot high wall was a big, blank and boring! We are proud to say, that after being on the market for 6 months, the sellers of this property finally received an offer just 1 week after we staged it.

So that is our tale of 2 stagings that ends happily for two Lincoln Park couples selling their homes. Both took a long hard look at the real estate age we are in and then did what was necessary to help them market their homes successfully. Each may now be saying... "It is a far, far better thing that I do, than I have ever done; it is a far, far better opportunity to move on now that I have staged than I have ever known." (Schmaltzy ending... but you get the point.)

Staging It Forward...

Me

A SPECIAL THANK-YOU GOES OUT TO THE REAL ESTATE TOMATO... for giving this post the coveted "Bon Jovi" award in the 80th Carnival of Real Estate.

Story of a Staged Silk Purse & a Sow's Ear

(Scroll down for Video Show) While home staging CAN turn a "sow's ear" of a home into a beautiful and easily sellable "silk purse", there still is only so much staging can do to improve a home's appeal to potential buyers. Sometimes a house that is for sale, even if it is priced right, has quality construction, or uses the most expensive and luxurious finishes... just can't be helped with staging.

CASE IN POINT: Above is an exterior shot of an absolutely beautiful 3/4 of a million dollar Chicago area home that was built well over 1 1/2 years ago... and has not sold. In fact, 17 months after it had NOT sold, the builder hired one of the finest and MOST savvy Realtors I know. The new Realtor called in Real Estaging with the hopes that if we created a beautiful view on the inside it would help counter the house's "problem" that was keeping the house from being sold.

Actually, except for the fact that this spec home was vacant, it really had no other problems of its own. However, was keeping it from being sold WAS quite obvious when we first visited this listing. Even before we ever entered the property, we knew exactly WHY the house wasn't selling. The problem was the neighbor's house and the fact that the yard looked like a pig sty. It didn't help that the home was filled with windows that overlooked the neighboring property.

Both the Realtor and I tried to advise the builder, BEFORE staging the interior, that it would be best to put up a privacy fence to help block the view of the neighboring property. While advice like might risk our chance of getting a staging job, I knew this would be the BEST option... the views out the living room, office and great room windows were/are that bad.

How bad is the actual view out the windows of the neighbors property? Well, below is a quick 30 second video tour of the home and the neighboring property it looks out on.


(Click HERE to view the Video Show if the show does not appear above.)

When I first spoke with the builder he was well aware of the problem (in fact he had installed cellular shades on that side of the house) with the neighboring view. To him the fence option was financially or legistacally not feasible at the time. To install a new privacy fence meant that the newly poured driveway, that sat RIGHT on the lot line, would have to be totally removed. The expense to remove the existing driveway, install a new fence and then reinstall a new driveway would total well over $10,000. The builder hoped investing in real estate staging would do the trick. So we staged the property... it looked fantastic and the builder was quite pleased.

Well, this past week we de-staged it and unfortunately it still had not sold. So I guess this puts a new slant on an old saying... "you can't sell a silk purse when it SITS next to a sow's ear."

Me

Home Staging Gets a Red Eye in Chicago

"You can rent movies. You can rent an apartment. If you live or work in a street-parking desert, you can even rent a space for your ride. So why not add luxury to that list?" This is what Kyra Kyles wrote the introduction to her cover story in last weeks Red Eye Newspaper. (For those of you that don't know what a "Red Eye" is... well it is the hip urban free daily newspaper published by the Tribune Corporation here in Chicago.)

The article, entitled "Rent An Image" looked at some of the interesting luxury items that are available to rent in Chicago-land. Well, I have to admit I never considered the props we have available as ubber LUXURY items, like the Austin Martin automobiles and the Prada handbags the article spoke of. But Kyra who interviewed Real Estaging for a side bar story entitled "Go ahead and rent that furniture", (Click on image on lwft to enlarge) pointed out the fact that props can be rented to help you sell your home for more money (Click on image at left to read it). Besides making homes look more appealing, staging has helped sellers make more money when they RAISED the asking price. as well as help to sell homes faster... and considering "time is money" staging a home should be a considered in this current market.

Most home seller's think that staging props are rented for use ONLY in and for vacant property sales. Seller's don't know that some home stager's can also rent just the right piece or pieces to finish off the look and appeal of their property as they live there while it on the market. The main advantage of renting is the fact that the seller need not spend the time to shop for decorative items or spend full retail prices to buy those items. The other VERY important advantage of using a stager's props is the fact that a stager knows to use pieces that are UNDERSTATED. When selling your home, your house needs to be the star, not the stuff in it. Experienced stagers know how to create a "put together look" with out our stuff ending up being a beautiful distraction.

So thanks Red Eye... your unique story angle helps to make another fine point about home staging.

Me


PS: If you would like to see an entire PDF sample of Chicago's Red Eye Newspaper... CLICK HERE.

WOW! THANKS... this Home Staging Blog is a "MUST READ"

The authors over at Future of Real Estate and Loans recently posted a list of blogs they feel are "MUST READS".

They write "there’s a ton of excellent mortgage and real estate blogs out there – way too many to list, in fact. But for a unique spin on the market as well as perspective that makes sense to anyone interested in real estate anywhere, there are some blogs that really are masters of their niche."

Home Staging Rants & Ravings is definitely in good company. To see the entire list, click here to read 11 Must Read Daily Real Estate Blogs.

THANKS GUYS! The recognition is appreciated.

Industry VP Connected the Dot... Now I'm Gonna Paint the Picture

Recently I read an interesting post by Jennie Norris, a Vice President at stagedhomes.com. In her blog Jennie “connected” with what I see as one of the important yet troublesome industry "dots" that other stagers in others markets have experienced.

Jennie wrote an expose' on what she felt were wrongful pricing strategies taking place. Her (members only) post on Stage It Forward, entitled, “Get off your back and on your feet - and walk out of the red-light district!” describes her frustrations with the low ball fees other stagers are charging for their services. Jennie writes "When are we going to stop giving it away - and realize the VALUE of what we bring to the table? And if you are out there undercharging because you think it's the only way you can get business - for shame! Take another look at what your market will bear - and don't leave money on the table!"

While low ball pricing may be a new issue for Jennie in Sacramento, it is NOT new to other stagers in other markets across the country... including me. AND you might be surprised to know that I believe that while lowball pricing is occurring, it is NOT the biggest issue facing us. WHY lowball pricing is occurring is a bigger issue that I want to address here in this post.

So the BIGGER picture and facts as I see them are…

• FACT: It is very EASY and FAST for someone to become a home stager. NO formal training is required. (I happen to be this type of stager.)
• FACT: Because foundation training programs have made it SO easy and fast (from 1 day to 1 month) to become a trained certified/accredited stager, there is NOW and continues to be a glut of graduates empowered as a "professional" stagers entering the market place. In some markets there are more then it can bare. Of course the larger the market the greater the probability a stager WILL compete with a fellow graduate from the same foundation course they took, as well as a graduate some other training courses.
• FACT: The home seller/consumer has NO idea what good staging is or is NOT. Our industry has created NO way do differentiate/compare common types of service or FEES for those services we provide. (Even the auto industry has common TYPES of cars: Compact, Economy, Midsize, SUV etc...)
• FACT: When starting a new staging business there are those who are hungry for business and WILL undercut the "going" rates in order to get some work under their belts. A new stager's "pay" could be the opportunity to capture amazing after photos for their portfolio. (Heck, I did this when I started.)
• FACT: The home seller/consumer market has NO idea what staging costs. What a home seller believes staging costs is often based on a unrealistic understanding... that comes directly from TV shows like Designed to Sell. Shows like this NEVER take into account the LABOR fees to pay the host, Lisa LaPorte. or her team of staging laborers.
• FACT: The real estate market is extremely slow... and in some markets totally stalled. Because it is so slow, sellers are VERY cautious about spending their hard earned money on staging as for MANY, staging is an unproven risky venture. So for them the cheaper the better.

So, where this industry is at is the result of MANY players and circumstances working in tandem and unfolding over time. Companies, organizations and individuals must step up and work together and do their parts to create solutions… instead of trying to undo and undermine any attempt at building this industry. BUT, while some are not doing all they can, we still are making progress… one fine example of a company working to improve the home staging industry is Brook Furniture Rental. Brook's sponsorship of 2 of 27 national Stage It Forward RoundTables and their formation of a Home Staging Advisory Panel is a HUGE step and huge commitment to all in this industry.

Getting back to what can be done... First, all members of the home staging industry must realize this industry is no longer made up of 1,2 or 3 players... it is made up of 1000's... stagers, vendors, and trainers. The Stage It Forward (SIF) Group on AR and now SIF RoundTables are a START in the breaking down of the barriers between those individuals and companies that for whatever reason try/wanted to operate in a protectionist bubble.

RESA has been trying, (with limited success) to get foundation training programs to work together. The public needs a way to KNOW what a TRAINED STAGER is and how the consumer can differentiate a formally trained stager from a "yesterday I aren’t one today I is one" stager.

The 27 Stage It Forward RoundTables taking place across North America are tackling bigger issues that touch all stagers regardless of where they were trained, what market they are in, who there competition is, or how big/little old/new their staging company is. Those that try to ban, thwart or scare people away from the possibilities the meetings hold only help to keeps us all stuck.

The SIF Quartley Qwick Staging Stats (QSTAT's) WILL help to begin to address some of the issues above. Stagers who get jobs will know what average rate for staging is for a DEFINED type of staging in that market. Currently, how a stager ultimately chooses to PRICE their services is totally up to them. BUT with QSTAT's bench mark price ranges could be communicated. The competing stager's who presented THEIR solutions would have NATIONAL, STATE and LOCAL data that can be presented to the consumer to EDUCATE them to make an informed decision. You might say the staging playing field would be level.

There is so much more I can write about that will help begin to paint the masterpiece of a industry so many of us see and believe in. But for now... this seems to be enough.

Sorry this was so lengthy...
Me

ROCK & ROLL: "Where It's At" for the Home Staging Industry

During a cold winter's drive over this past holiday weekend I had a chance to reflect on all that I see going on (or NOT going on) in the home staging industry. As I look at WHO we are and WHERE we are... the more I am sure the real estate staging industry is not quite YET ready to handle the BIGGER vision of unity so many in this industry say they want. Don’t get me wrong, this is not a BAD thing; this is just an "IS" thing.

I recently commented in another stager's blog that I thought home stagers could learn from the Realtor community who benefit from working together and learning together as a unified group in the association known as the National Association of Realtors.

Having as an END GOAL within industry to have own NAR like organization/association is an AWESOME goal... which I embrace 100%. But, with the “results” and lack of response we are getting to the idea so far, I wonder if maybe we are trying to hard to make this end goal happen. If this IS the case, what can we do? Well, without loosing site of the END GOAL, maybe what is more important is that we define smaller goals and take smaller steps that start moving us to that big "associated" END GOAL.

Right now there are many thoughts, ideas, concepts and strategies being discussed by a VERY vocal minority. But are the stagers that comprise the industry actions REALLY equal to what the vocal minority are shouting for as the BIG picture? I am not sure sure it is. But, if you think it is, then why does it feel like we are still stuck?

Why isn't there this vast tidal force of stagers joining together as a unified association?

Well, I believe part of the reason we are a bit “stuck” is the fact that our industry is riddled with misunderstanding, distrust, conflicting philosophies, and big egos. Plus, it doesn't help that real estate market is the worst it has been in decades. But even though we are obviously not experiencing ideal conditions, this should NOT stop those of us who are committed to creating something more for ALL in this industry.

So as a "loose" industry what can we do to get ourselves tightened up and unstuck? Well, maybe, without realizing it we are getting ourselves out of this rut by starting with a rock and roll motion... kind of like what one does to get a car unstuck out of a snow bank. I have come to notice an interesting phenomena that happens when someone tries to “rock” this industry forward with an idea or concept. Immediately following a rock forward there tends to be a counter “roll” back by someone else.

Case in point... the group of stagers organized under the banner called Stage It Forward (SIF) currently have scheduled over 25 industry RoundTable discussion meetings planned for all over the USA and Canada. Even though SIF has "rocked" forward there are some who feels it is necessary to roll with their own independent roundtable gatherings. This is the rock & roll I am talking about that takes place daily in this industry. So while different interpretations of a similar thing will happen, what is more important is who we are as individuals and how we respond to these differences... respectful professionalism is essential!
For those on the outside looking in the "rock" a with a "roll" response can seem a little negative. But like the motion necessary to get a car unstuck out of a snowbank, I am beginning to see how this forward and back (counter) motion is necessary to create the momentum that will get us unstuck so that we can trust in and fully embrace bigger united goals... like creating an NAR for home staging.

So while I have hoped we would already be traveling along in unity... I’ve come to see that the rock & and roll motion is not all that bad. What is most important is that the home staging industry is in motion and soon to be more unstuck.

Just my thoughts as I rock and roll...
Me