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"Home staging' is not a new term, but for
many homeowners and real estate agents the concept of 'professional home
staging' is shedding new light on how to promote a home in the real estate
marketplace. In past years, homeowners were left to their own discretion
as far as preparing for home showings. Though they could occasionally rely on an
agent for instructions, more often than not real estate agents were just as
perplexed at working out the details as the homeowner.
While agents are experts in the field of selling and closing, many
are not design savvy. Agents usually know exactly what factors can
help sell a home. It's just not always easy to get a home into selling condition
in a timely manner without some sort of experienced assistance.
Professional home stagers are practiced in the art of preparing a
home for resale. They work with the 'flow' of a home, eliminate clutter,
edit and arrange furniture, and even assist in enhancing curb-appeal. With
the aid of a professional home stager, your house can make a notable first
impression on potential homebuyers.
First
Impressions
As
the real estate industry often stresses, the first impression is the key factor
in selling your home. Typically,' says Jan Van Horne of Coldwell Banker
Burnet Realty in Eden Prairie, Minnesota, 'a potential buyer has made up their mind
ten seconds after they step in the front door. They were already forming
an opinion as they pulled into your driveway!' That really doesn't leave too
much room for fault.
'To
achieve the greatest possible outcome,' Jan adds, 'a home should always be
presented at its best the first time around.'
Finding a
Professional
You
find and select a professional home stager much like you would find any other
professional service. Ask around and get referrals. Check with your real estate
agent. A number of larger real estate companies offer access to a listing of
professional home services in your area. These individuals and companies have
often already been pre-screened by the real estate agencies or their agents.
How Much Does it
Cost?
When you contact a home stager, ask for an estimate. Most home
staging businesses will be happy to give you a free estimate and it is usually a
quick process. Keep in mind that this is only an estimate and estimates can be a
bit off. However, unless something unforeseen takes place between the
estimate and the actual job itself, an estimate should be fairly
accurate.
Get
several free estimates and make some calculations. Just like any service,
pricing in the home staging industry can vary over a wide range. Some charge an
hourly rate and some will charge you a set fee for the entire
job. Be sure to ask how they determine their fee so that you can make an
educated decision. Also, factor in the condition of your home, the average
amount of time homes have been on the market in your area, and the asking price
of your home.
Asking price can play a huge factor in what a
homeowner should be willing to pay for staging services. Some
professional home stagers bring in rented furnishings, driving the price up
considerably. Some simply charge too much to make it pay off. A lot of
home stagers seem to forget that their clients are planning on moving out of the
house very soon. Most home sellers are not willing to invest a huge amount of
cash in a house they are planning on leaving behind.
Find out up front what the stager is planning to bring in and at
what cost. Though expert services do come at a price, the cost should balance
with the expected benefit of a higher selling price. As a rule, the higher the
asking price of the home, the more one can spend to have it professionally
staged.
Agent
Participation
In
some instances, it makes sense for a real estate agent to contribute to the cost
of professionally staging a home. 'As a real estate agent,' says Tony
Cirelli, a Minnesota Re/Max agent from Apple Valley, 'I have to look at profit margins. I analyze current
market trends and what will be spent on advertising before dropping any cash
into staging.'
Pat
Cirelli, Tony's wife and partner, agrees. 'For the most part, an agent
should be able to determine if a home is in need of this type of
service, and if it would be of benefit or not. If you know it would be in
the homeowner's best interest and if you know that something will
need to be done before the home is listed, it might be wise to set aside an
amount of your marketing budget for staging. If it's a reasonable fee, it is
usually a worthwhile investment. It could certainly make all the difference in
your showing.'
an excerpt from Lori Matzke