Selasa, 30 Desember 2008
Rochester Real Estate - The Year in Review
Senin, 22 Desember 2008
It's Beginning to Look A Lot Like Christmas!
Senin, 01 Desember 2008
Buying and Seller Real Estate During the Holiday Season
Kamis, 27 November 2008
Let's Have Some Fun! Contest Time....Send me your photos.
Senin, 24 November 2008
"Let's Say Thanks" In support of our troops
Minggu, 23 November 2008
What's all the Twitter About Twitter?
Rabu, 19 November 2008
A Winter Blanket
Selasa, 18 November 2008
Difficult Economic Times
Jumat, 07 November 2008
M&T Bank Offers Up to $7500 for First Time Home Buyers!
Rabu, 05 November 2008
When Things Don't Work Out
Selasa, 04 November 2008
Please Vote!
Senin, 03 November 2008
Rochester Foreclosures
Kamis, 30 Oktober 2008
I'm in the Capture Rochester Book!
Selasa, 28 Oktober 2008
Say Somthing Nice
Senin, 06 Oktober 2008
Yes, There Still Are Mortgages Available in Rochester!!!!
Rabu, 01 Oktober 2008
I Feel Like I'm 16 Again.
Minggu, 28 September 2008
What Do You Think? A Quick Survey about Rochester Real Estate.
Sabtu, 27 September 2008
Rochester River Walk
FHA Changes Rules on Buying a Second Property!
Kamis, 25 September 2008
Investing in Rochester
Senin, 08 September 2008
Fannie and Freddie Under Control
Home buyers Kerry Ryan and Joel Jensen have an accepted purchase offer on a property with a scheduled closing of October 15. Their inspections are done and mortgage commitment received two weeks
Jumat, 05 September 2008
The Real Estate Dog
Sabtu, 23 Agustus 2008
Open House Lima, NY
Kamis, 14 Agustus 2008
Sunflowers at Highland Park
Senin, 11 Agustus 2008
Getting “PUNCHY” about Great Real Estate Reads
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
Kamis, 31 Juli 2008
All the Listings, All the Time
Rabu, 30 Juli 2008
Hot Areas! South Wedge & Highland Park Area
Selasa, 22 Juli 2008
Selling Your Vanilla Box
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
Rabu, 16 Juli 2008
Real Estate is Local!
Selasa, 08 Juli 2008
Welcome Back David!
Jumat, 04 Juli 2008
Capture Rochester Dot Com
Kamis, 26 Juni 2008
Be Careful of Estimates
Stagers Should Picture What They Preach
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.
Stage It Forward...
Me
Selasa, 24 Juni 2008
Itchy Belly
Kamis, 19 Juni 2008
The Latest in Home Design
Rabu, 18 Juni 2008
Senin, 16 Juni 2008
A Day at the Zoo
Sabtu, 14 Juni 2008
Open Sunday, 1 to 3, Henrietta NY
Selasa, 10 Juni 2008
When Wallpaper Attacks, It Can Kill the 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
Assessed Too High!
Sabtu, 07 Juni 2008
Million Dollar Homes
View all
Minggu, 01 Juni 2008
Hot Properties
Sabtu, 31 Mei 2008
Advice For First Time Home Buyers
5 Simple Factors That Keep Your Home From Selling
The first factor you must look at is PRICE. The asking price of a home today can not be dependant on what the price would/could have been in the “good old days”. The price of your home must be appropriate for today’s market… AND, because there are so many other homes in the market, it also needs to be aggressively competitive. Home buyers want and will spend the least to buy the most they can. Holding out for more, will only result in MORE time on market… so be wise.
The next factor is CONDITION. The better condition your home is in, the more attractive it is. Buyers do not want to spend their money repairing and making simple updates once they take possession. A home that is “move-in ready” is going to be snatched up long before a similar home that needs attention. Investing in a home inspection and addressing any major issues earlier on may cost you some money, but it will never cost you the sale. However, problematic issues, discovered by the buyer’s inspector, will still cost you money and also may be just enough to kill the sale. Besides hiring a home inspector, who focuses more on structural and mechanical conditional issues, you might want to also work with a home stager who will focus on the numerous smaller maintenance details and repair concerns that influence a buyer’s perception of condition.
PRESENTATION, both on-line and in person, is third factor that needs to be taken into account. The on-line presentation of your property needs to be captured and shown in first rate photography. Gone are the days when a Realtor could take poor quality digital snapshots and loaded them into an MLS system. Today’s buyer, who lives are busy and hectic as yours, depends on the Internet to help them prescreen properties. Better photos capture and tell a better sales story. In addition to having quality photos taken of your home, it still must look great when being toured by a buyer. An experienced home stager will guide and direct you to set and present your home so it can be easily toured and distinguished from your possessions in it.
Hiring the right listing AGENT is the fourth key factor essential in getting your property sold. Selecting a Realtor, solely because they recommended the highest listing price, may be the biggest reason why your home will not sell. Picking a savvy and strategic Agent who has skillful with a variety of marketing tactics and who is adept in working through a myriad of sales issues that can stop a sale once a buyer makes an offer is crucial. An experienced Realtor, who has a proven track record that demonstrates they have mastered both the marketing side and the sales side of real estate, will earn every penny they are paid for selling your home.
The fifth and final factor has to do with your INVOLVEMENT. Sellers need to fully share concerns, needs and objectives with the selected Agent right from the start and continue until the property is sold. But while candid honesty is key, it must also be two way street. Your Realtor must not only listen to you, but you must listen to them. So stay informed, watch the market conditions, and objectively listen to the feedback after showings. Then consider and act on key information you gather as if you were the buyer. Ultimately your home’s sale is controlled by you… NOT your Realtor.
So that’s it… the secrets are finally revealed on how to sell your home in a tough buyer’s market. How you choose to work with and apply these five simple factors will make, stall or totally keep your home from selling. In closing, if you think that just because you have a few of the factors under control your home will sell, you are wrong. It really takes all five working in together.
Sell It Forward...
Me
Minggu, 25 Mei 2008
Use FLOWER POWER to Sell Your Home
First walk across the street and take a good hard discerning look at your property and then, after your walk, take a drive around your neighborhood and look at how your home measures up to the rest of the homes… whether they are for sale or not. The better you home looks, compared to your neighbors and the neighboring competition, the better chance you have to sell.
Buyers assume the better a home looks outside the better it will look on the inside. So while there may be specific repair maintenance issues that can and should be attended to with your home’s physical structure… don’t overlook the fact that you can fuel your home’s sale with a little FLOWER POWER.
How can you tap into the power of the flower to sell your home? Well consider the following:
Garden beds should be cleaned out, weeded and planted with plants that are appropriate for the time of year and/or region you live in. No need to be exotic… old standard annual flowering plants, like marigolds, geraniums, petunias and impatiens, are typically very hardy and will add color and appeal buyers like. Turn over the dirt or add fresh mulch. Add dirt or mulch to bare areas under large shade trees. Deadhead (remove) blooms on flowering plants once they dye.
Trees, shrubs and vines should be pruned and trimmed. If a bush or tree is dead or dying, remove it and replace it with a similar size and type of plant if at all possible. Cut out any dead wood and cut out or back tree limbs touching the home and/or roof. Overtime small shrubs can grow so large that they become large bushes that need be trimmed back or removed entirely. Remember, people buy homes that are light and bright, so any plant that keep sunlight from entering the in and block the view out should be tended to.
Lawns need to be green, mowed, weeded and trimmed. Reseed bare patches in the lawn. Make sure the edges of all flower beds are clearly defined. Trim grass along sidewalks and the driveway. Pull any weeds or sprouts of grass growing out of cracks in the drive or walkways. Weeds tend to be hardier then grass in draught conditions and therefore stand out in lawns in an unbecoming way. So if you live in an area under water restrictions, be sure to weed the lawn. Oh… and don’t forget to clean up Fido’s lawn contributions.
Decks and patios are common to most homes. But a deck or patio that is actually set with furniture and flowering planters can instantly be seen as a bonus living area. Buyers will most likely tour the inside of the home before the outside. Since the buyer will first see the deck or patio as they are inside looking out. So when setting the deck or patio, strategically consider the first visual impression from the inside looking out onto these outdoor spaces.
Finally, and most importantly, make sure the front door’s stoop/porch is blooming beautiful. As the realtor fumbles for keys, trying to figure out how to open the door, buyers are standing behind looking around with anxious, yet critical, eyes. Yes, this space should be neat and swept clean, but colorful flower filled beds and planters will add welcoming interest and visual appeal like nothing else.
Blooming gardens and well maintained lawns will never scare off a buyer. So in this time when fuel prices are at a record high and the real estate market is at a record low… remember you can always rely on flower power to sell your home.
Sabtu, 24 Mei 2008
The Butler Did It!
Selasa, 20 Mei 2008
A Hedge Against the Economy
Sabtu, 17 Mei 2008
Open This Sunday
4 Family Home on Rochester East Side
Rabu, 14 Mei 2008
Attack Duck!
U of R Employees Offered $9000 Incentive to buy City Homes!
Selasa, 13 Mei 2008
Brainstorming about Rochester's Future
Minggu, 11 Mei 2008
Open houses on Mother's Day
Selasa, 06 Mei 2008
Spring Market
Senin, 05 Mei 2008
The A-B-C’s and 1-2-3’s of Home Staging
A is for ABOUT home staging in general. Actually, if you are going to stage your property you need to know that it is ABOUT a 2 step process. The first step is the “prepping of the property. Prepping the house basically attends to the conditional issues that need to be repaired, cleaned and/or updated. The second step is ABOUT the “pretty visual” that people think of when they think of home staging. This step has to do with the physical setting/arranging of the furnishings and/or accessories within a house. The combined goal of the 2 steps is to create a house that shows it best and ultimately will draw the interest of the widest buying demographic possible.
B is for BASIC types of staging services. While there are 6 Basic types of staging services, it is important to note that all stagers offer all six. The services a stager offers the better it is for you. Since you actually won’t know what you will need until the stager visits for the first time, a stager that provides more service types is better equipped to guide you based on your needs and not cut short the impact of staging because of their own limitations.
The 6 BASIC staging service types are:
- Consult Staging: This type of staging solely taps into a Stager’s knowledge. First focusing on the condition of a home, a Stager visits a property to meticulously instruct on all that must be done to best prep and then set the property for market.
- Re-Arrange Staging: This type of services relies on both the Stager’s knowledge and their physical labor. Once a home’s conditional needs are met, a Stager arranges the property by physically setting it using only the seller's existing furniture and decorative accessories.
- Enhance Staging: Again, once conditional issues are addressed, the Stager will then set the interior space. But not only are the existing furniture and accessories used, but the Stager will bring and blend in decorative accessories and/or furniture from their inventory. These “props” are loaned or rented to the seller while the home is for sale.
- Reseller Vacant Staging: When a "preowned" house is vacant, there is not much else to look at, conditional issues and concerns are amplified and ultimately fixated on by buyers. So while it is important that conditional needs be addressed, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.
- Rehab Vacant Staging: When conditional issues throughout a older property are repaired and updated to today's trends, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.
- Model Vacant Staging: While conditional in new construction is not an issue, “life-styling” is. Models typically rely more on projecting a “life-styled” visual appeal then a preowned vacant. A good Stager understands and designs within a specific life-style marketing concept when furnishing, accessorizing and setting a vacant spec / model property.
C is for COST to hire a home stager. What hiring costs actually are depends on how much Talent (knowledge), Time (physical labor) and Treasure (props) a stager provides. If a seller has a limited amount to spend, then the best value a stager can provide is the Consult. For as little as $100 (in some markets) a Stager can be hired to scrutinize a property and provide professional staging advice and guidance. From there it is realistic to expect to pay anywhere from $35 to $75 per hour for a stager’s services. As for props, the fees for renting these items will vary based on just what is being rented and the length of time the items are being rented for.
Sellers are not only realizing the cost of staging will pay off, but actually ARE benefiting from making the investment. Let’s face it; if “time is money” then reduced market time is a great return on investment. So regardless of staging solution proposed, a good stager will do all they can to maximize the return on a seller’s staging budget so that the house sells… 1-2-3.
So there you have it, today’s blog lesson on the A-B-C’s and 1-2-3’s of home staging.
Staging It Forward...
Me
Rabu, 30 April 2008
Not All Staging Bananas Are Ripe & Ready
Well, you are right; it can be a tough to know which stager you should work with, especially since staging is still relatively new in most parts of the USA. You are also right if you noticed that there are many new bananas rapidly joining the staging bunch.
To make a wise and informed pick, you need to understand that unfortunately a “professional stager” may just be an average green Jane or Joe who just fell out of a training tree. Many are transformed into “professionals” because they sat through a one, two or three day foundation training workshop. That's it, as little as one day, and WA LA a new staging banana with a title tacked on.
So be wise, home staging credentials that hype “trained,” “certified” or “accredited” can be a bit deceiving… especially considering that it can take as little as one day to be trained and graduated from foundation training programs. This is not to say that there are well qualified real estate stagers who have been professional trained. But remember, above everything, the ripeness of EXPERIENCE trumps all else... even “credentials."
Unfortunately, the home staging industry is an unregulated wild bunch. Because this so... sellers are at risk, especially in this tough selling market. Actually, picking a green stager could cost you some green. So while staging looks mighty tasty, to those of you who are looking for some hope and help, don’t blindly accept the fact that a stager, with a horde of initials after their name, is experienced and fully yet knows what to do to maximize your homes staged appeal.
So how can you pick out a ripe experienced stager? Well, it is not the difficult, if you keep in mind that home staging is an “image” industry.
Considering it is a stager’s job is to create a good first visual impression of home seller’s property, then a good stager needs to do the same for themselves. A good stager knows the importance of and how to present a good visual first impression of their company and their work.
To start to weed out amateurs from the experienced, first consider looking closely at the stager's portfolio for examples of their work. Also, make sure that you ask the stager if they ACTUALLY staged the properties they show in their portfolio... believe it or not there are some foundation training programs that give green stagers a set of “starter” portfolio photos. Finally if you have any doubts, you can always ask the stager for testimonials from past clients and/or references.
So that’s it, considering its a jungle out there, this is pretty easy. That is all you need to know and do to be a good home selling monkey and pick the ripe stager.
Staging It Forward...
Me
POST SCRIPT of THANKS: Thank you to Rich at the "The Official Active Rain Blog" for seeing the merit in this post and selecting it as a WINNER in the Carnival of Real Estate. CLICK HERE: To read "The Top 10 Rides" in the 89th Carnival of Real Estate.
Selasa, 22 April 2008
Happy Earth Day
Minggu, 20 April 2008
The Waiting Game
Senin, 14 April 2008
Something to Be Thankful For!
Jumat, 11 April 2008
You Can Stage It... Even if THEY Still Don't Get It
Why aren't Realtors getting it? Well, I have a feeling that what many Realtors think staging is... actually is not all that it is.
- If a seller goes on line and finds a list of "10 Things You Can Do To Ready Your Home for Selling" and does as it advises... THAT IS home staging.
- If seller’s Realtor then comes to look at the home and directs them to do 10 more things, that better readies their property for selling, and they do those things... THAT IS home staging.
- If a Stager is hired and they find and additional 10 MORE things for the seller to attend to and the seller and/or the Stager do them... THAT IS home staging.
Just as selling a house does NOT always require a Realtor, staging a house does NOT always require a Stager. However, home sellers who have worked with a good and reputable Stager have learned that we do see more issues that work against the homes sale and offer more creative ideas and solutions to ready/package/market a home for selling in ways they never considered.
First, and most often, the service a Stager does is give advice. We guide, direct and counsel home sellers as to what they can do to BEST to prepare their property for selling. A Stager can also coach sellers on how to quickly, easily and inexpensively accomplish and address that which can be done to help make the home more appealing. Consulting services from good Stagers are, in some markets, less then $100. If needed, Stagers can come in and help do some of the things that need to be done to prepare the home for selling… including “setting” the interior space.
Information is power. The more you and your Realtor knows and understands what home staging does and does NOT do and when to use our services , the more empowered you both are.
So don't let the words "staging" or "Stager" trip you up. While these words are relatively new, what we advise has been given as advice in real estate sales for year. All that has really changed is that there is an entire INDUSTRY now committed to understanding the intricacies of how a home can be best merchandised and marketed as a product so that it entices them to buy.
Staging It Forward...
Me
POST SCRIPT of THANKS: Thanks you REACHED.COM for seeing the merit in this post and selecting it as a WINNER in the Carnival of Real Estate. CLICK HERE: To read "The 8 Top Picks" in the 87th Carnival of Real Estate.
Kamis, 10 April 2008
Last Chance for 2008 City Living Sundays
Buyer Beware!
Jumat, 04 April 2008
Chipping Away the "PRICE IS KING" Myth in Home Selling
First, lets me be clear... when it comes to selling anything, be it real estate or potato chips, price IS king. It is a fact that the selling market will only get the price the buying market is willing to pay... this is what makes price "KING". However, I think that too many agents and sellers collapse the concept of "KING" down to mean it is the ONLY thing that matters when it comes to selling real estate. They don't understand the total ramifications of HOW pricing is but one factor managed and integrated into the overall marketing and selling process of real estate.
With that in mind, let's crunch on the pricing lesson of the potato chip...
Recently I saw a persuasive news segment on CBS Sunday Morning. In the piece the correspondent reported on the dynamic and well-regulated world of food labels. Interviewed for the segment was the Product Manager at FritoLay that was responsible for marketing their "natural" potato chip product. FritoLay knows that while Classic Lay's Potato Chips (Bet'cha can't eat just one!) have been a snack "staple" in America for years, consumer tastes change. Because markets and tastes change, FritoLay knows they must ongoingly develop products… including potato chip products.
Surprisingly on camera, the FritoLay's marketing manger shared a company "secret" about one of their newer products... the Natural Potato Chip. She revealed that Lay's Natural Chips are for the most part exactly same product as Lay’s Classic Chips. BOTH are nutritionally the same product and are made using the same type of potato and are cooked in the same way. The only real difference, between the two, is that "natural" chips are salted with sea salt, a salt PERCEIVED to be more natural, are cut thicker and are put in bag that looks more earthy in color and has a matte (paper bag like) finish. Classic Chips go into a shiny red and yellow bag.
Ok, so what! Both bags of chips are the same. What's does that have to do with price?
Well, there is one other BIG difference between Lay’s Natural and Classic chips. FritoLay admitted that they put LESS chips in the Natural chip bag AND the then charge MORE for them. That's right, less product for MORE money. So if price really is KING, how could they get away with this? Well, FritoLay's knows that buyers buy what they want...some potato chip consumers want "natural" chips. Buyers do not perceive Classic Chips as natural... even though they really are. If FritoLay wants to sell chips to the "natural" buyer, they have to sell a product that is viewed as "natural" they know he packaging then becomes essential in driving home the "natural" point.
So even though these chips are basically the same, because the potato chips are packaged in a way that buyers can easily and visually relate to them... they buy them. FritoLay knows that buyers buy products, as simple as potato chips, when they connect to it.
Or said another way... even though homes are often the similar, when homes are packaged (staged) in a way buyers can easily and visually relate to them... they buy them. Stagers know that buyers buy products, as COMPLEX as a home, when they can connect to it. A real estate stager's job is to package a house in a way that the buyer will relate to. In a chip, THAT is what staging is all about.
So, while it is important for a home/listing be priced right, don’t be misguided into solely believing the "Price is King” myth… if you do then your home/listing may just end up sitting there on the market as a Real Estate Couch Potato.
Chip It Forward...
Me
Kamis, 03 April 2008
768-770 Grand Ave, Rochester - Open Sunday, 1 to 4
City Living Sunday in NE Rochester
Rabu, 02 April 2008
Spring Market Has Hit!
Kamis, 27 Maret 2008
It Ain't All Pretty... But it is Darn Good Marketing!
Basic old fashioned marketing principals teaches that how a product is perceived and received within the market can be positively altered and impacted… and this is where home staging can help. More then just being decorators or designers, good home stagers are focused in applying a full array of strategic property marketing principles and practices which positively influence the consumer about a product (your home) in a market.
So even though a staged home might look attractive, it is important to note that staging is NOT solely about making a home just look "pretty." In fact there are homes that CAN look visually attractive and STILL not be staged.
Any Realtor, home seller, or builder who thinks that all staging is is making a home look "pretty" is grossly ignorant to the reality of what a good stager does and therefore probably not using a stager and benefiting from what we do.
The "Why" and "How" a home is prepped and set for its showing and ultimate selling is what a staged home is all about. Be it Macy’s, Best Buy, Safeway, Walgreens etc., what we do is much like what happens every day in these retail stores across America.
Real estate staging is actually more about the process of strategically setting up (merchandising) a property in a manner that makes it not only easy for buyers to tour, but also creates a way for their eyes and hearts to connect to it with a powerfully effective first impression that lingers and stays with them.
Today I am not surprised to find there are many pretty homes that still are not selling. But a staged home, that is priced right, will sell quickly, even during ugly markets.
Stage It Forward...
Me
POST SCRIPT of THANKS: Thanks you HotPads.com for seeing the merit in this post and selecting it as a WINNER in the Carnival of Real Estate. CLICK HERE: To read "The Fools Edition" in the 84th Carnival of Real Estate.
Selasa, 25 Maret 2008
City Living Sundays
Senin, 24 Maret 2008
Should I Refinance?
Jumat, 14 Maret 2008
Think Spring
Kamis, 13 Maret 2008
When Realtors Commit this Crime… Sellers Do the Time!
Me
Minggu, 09 Maret 2008
A Temptation
Sabtu, 08 Maret 2008
Absolute BEST 13 Home Staging Tips
When I Googled the phrase “home staging tips" today my search I ended up with 29,300 results. WOW, if you even ask this home stager, going through THAT result list is a daunting task and would be far too much research for ANY home seller.
So to help home sellers narrow down their options, I did my own research... and found what I think is a great list of basic tips on HGTV’s website. HGTV lists a comprehensive list that applies to both dwelling & selling. So to help focus the message only on staging, I rewrote them and condensed them down.
So while there is a lot being said out there, this "best of" real estate staging tip list is a great starting place for advice that will surly help any home seller begin their own real estate staging project.
So lets get started...
- WORK ON YOUR ENTRANCE – Whether you are on a job interview, going on a first date or selling your home… first impressions matter. What buyers see on the outside starts to inform them on what to expect on the inside. So clean it up, touch up the paint, add plants and flowers… in general, make the buyer feel welcome.
- CLEAR OUT CLUTTER - We think counter tops, cabinets, closets, garages, basements, and attics as storage spaces, but often they become clutter keepers. Purging out the old is not only therapeutic but allows a path for the new. Remember too much clutter distracts and obstructs buyers from seeing what you are selling. So clear it out.
- LESS FURNITURE = MORE HOUSE - A room full of furniture can feel as cluttered as an accountants desk top during tax season. Removing all but what makes sense and is necessary will make the room fell bigger… plus it may free up a piece better used elsewhere.
- FLOAT YOUR FURNITURE – Typical furniture arrangement makes me think of young boys at their first junior high dance… wallflowers! When you “float” furniture, bringing it off the walls in into the centerof the room, you'll end up with rooms that result in three positive benefits. The rooms will feel open, interesting and appealing… all working to the seller’s advantage.
- CROSS POLLINATE – Sellers get so used to seeing their furnishings, art and accessories used one way and never then see it any other way. Moving pieces that have always been used in Room “X” into Room “Y” can give new life and meaning to an old rooms. But don’t stop with furniture… color, texture and style elements that dominate one room can be moved into and amongst others to visually link the home and create flow and continuity.
- GIVE OLD ROOMS NEW PURPOSE - As time moves on, the way people live and use their homes changes. Extra bedrooms become TV Dens which then become Home Offices. Basements go from being storage areas, to Rec Rooms to Media rooms. Setting up an old room with a new purpose helps buyers see more potential in a contemporary way.
- LET THE LIGHT SHINE IN – Letting natural sunlight in always helps buyers SEE the home and its features. Draperies that are not open, or even when they are open still cover up a large portion of the window. Either way they can make a room feel closed-in and smaller. However, equally important is the fact that sellers may need to redirect a buyer’s attention from the view out the window. If that is the case, there are plenty of options today that downplay the outside but lets the light inside.
- LAMP & LIGHT DONE RIGHT – Lighting in a home that is too dim, too harsh, or too cold can work against the sale of it. Warm and balanced lighting is what it is all about. Using a combination of as many of the different lighting types (overhead, accent lamps, and task) in each room will give a home the overall appealing glow buyers like. Oh, and don’t forget to light up the exterior… especially the entrance.
- COLOR WITHIN THE LINES – Wallpaper is out and color (paint) is in… especially when selling a home. Wallpaper is typically a very personal design expression that overtime looks dated. While the popularity of color does trend, updating with paint it is an easy and inexpensive way to freshen up a home that is for sale. Don’t limit yourself to thinking of white as the only neutral color. Some shades of white can be the worst color to use to “neutralize”. There is a wide variety of beiges, tans, taupes, soft gold and greens that are not only “on trend” in a buyer’s eyes, but will also work well with your furnishings while you are selling.
- BLACK IS THE NEW BLACK - Every year we hear how “Black is the new _______”. (Fill in the color of your choice.) The NEW _______ is typically a fleeting trend color. But black never goes out of style and most likely already in your home (maybe more then you ever noticed) in its finishes, fixtures and finishes. So use it to your advantage. Link the look of your home together with a variety of black accents, accessories and furnishings throughout that will ultimately create a home with visual appeal that buyers buy.
- HANG ART ARTFULLY – A general rule of thumb… hang art so it easy to look INTO it and not up or down at it. Considering the average American’s height is 5’8” tall, hang art for that person’s eye level, so that they look slightly above center of the piece, works best. But, besides height, placement is also important. If a seller takes into consideration how a home buyer walks through and tours the home and what walls a buyer actually looks it, will help determine where to put art and where is it’s not as important.
- COUNT TO 3 WITH ACCESSORIES - When it comes to balance don’t make the mistake and assume it is only created with equal symmetry. Balance can also be achieved using an odd number of items… typically 3. To help you accessorizing a table top, mantle or shelf start by selecting 3 items. One item should be lower/smaller, one medium sized and one taller/larger. Group them. If one, in relationship to any other, seems to big, or small, wide or skinny then swap it out for another.
- OUTDOORS COMES IN – Bringing flowers and plants into a home is great advice. Adding them does 2 things to a home... they soften it and add life. So while bringing the outdoors in is a great tip, sometimes live plants are not available or practical. Don’t be afraid to invest in QUALITY silk plants and dried flowers, but remember a dusty silk or old faded dried arrangement can look as DEAD as any living plant that died. Finally, avoid seasonal plants and flowers… go for the green basics.
Kamis, 06 Maret 2008
SORRY... If It's Ugly on the Outside Buyers Ain't Going Inside
So it was good to see that the Chicago Tribune published an article that took new look the “staging story” in its Special Curb Appeal Addition. In today’s Tribune, Carol Monaghan does a great job reporting not only WHY staging outside a home is important, as well as sharing some great home staging tips on just what a seller can do to make the outside of their homes be as appealing as possible.
Carol quotes a certain Chicagoland home stager who gives this simple advice... "Sellers should consider a home's ‘Web appeal’ too, says Craig Schiller, a home stager and principal of Real Estaging in Park Ridge. Because many buyers begin by prescreening houses on the Internet to determine which houses to visit, finding ways to make one stand out can give it an advantage over its competition."
This certain stager goes on to say… "People always say buying a house is the biggest purchase of your life. The reverse is also true: Selling a home is the biggest sale of your life. You want to do all you can to make buyers excited about your house." (Boy I love that quote! I wonder where I’ve heard that before?)
But seriously, while Carol's article offered some great curb appeal staging tips I think the most interesting tidbit she dug up and reported was a fact that every home seller should know… "A recent Real Estate Agent Community Trends survey, sponsored by Jeld-Wen Inc., found 82 percent of real estate agents had buyers refuse to look inside a house based on its exterior appearance."
WOW! 82% of the buyers won't walk into an "ugly on the outside" house! I gotta admit... even this certain stager didn't know that!
Me
Rabu, 05 Maret 2008
Greetings From Vegas
Senin, 03 Maret 2008
OOPS Goes the Staging!
So while learned knowledge is a good thing, we also have discovered that correctly applying that knowledge can prove to be a quite a challenge…which also holds true to home staging. Even though there are those who are knowledgeable and appreciative of staging, some have come to realize it takes skill and ability to properly apply that knowledge. This is one of reasons why the staging industry is on the rise.
BUT, if you are young in your understanding of what staging is, there is something ELSE you need to know about it and the people who present themselves as stagers. Be advised… not everyone that says they know staging or claims they are stagers really can do it. There are far too many people now jumping in to an unregulated industry claiming they KNOW how to stage. Their final staging results unfortunately demonstrate their gross lack of understanding and break basic staging rules. AND I have to admit this really ticks me off!
To make my point, let me give you an example of a problematic staging in the form of a short video called "OOPS Goes the Staging!" (Oh… be sure your speakers are on.)
For the sake of fair disclosure, I want to let you know we here at Real Estaging are VERY familiar with the property featured and critiqued in my video… we actually lost the bid to stage it to whoever did the work in the video. So while some might think I am upset because we lost the job that person... that is just not the case. (Anyone that has been in sales for any length of time knows that is the way it is in sales... "You win some and you loose some.")
Anyway, the reason I am so ticked-off is because good and proper staging DOES follow certain rules, practices and procedures that when done well and done right will help the property sell. It is upsetting to know that this Chicago developer finally got the message that “staging helps to sell homes” and they were willing to invest hard earned money, only to get a final "staging" that actually works AGAINST their property's sale. Plus what makes this staging a sadder story is the fact that this was to be the model for a multi-unit property.
Unfortunately, Realtors, home sellers and small builders really don't know exactly what good home staging is and what it is not. Why? Well, for one reason home staging is still a relatively new marketing tool and has yet to be fully embraced as a viable option for selling homes. So if you are wondering, "What is GOOD and what is BAD staging?” or “What exactly makes a staging RIGHT from what makes it WRONG?" Well, to help you let's start with 4 Basic Staging Rules most of you have likely heard of. These basics are...
- De-clutter and organize the home to minimize visual distractions.
- Neutralize the home's look so that it appeals to the largest buying audience as possible.
- Arrange furnishings and accessories to best show the home's space and features.
- Add what's missing to finalize the home's appeal.
So as you watch the "OOPS goes the Staging!" video keep these very basic real estate staging rules in mind. By the time you are finished with it, you will begin to see and understand a little of what bad staging is and where this staging pooped out. And… in closing, if you remember nothing else I hope your remember this... filling a property chock full of pretty furnishings and accessories is NOT staging!
But when staging is done well and done right... it sells homes! PERIOD!
Me
PS: If you would like MORE detailed explanation of the 12 BIGGEST STAGING OOPS in this property...be sure to click on the "DETAIL" button located along the bottom of the embedded video.