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Staging

This Month in Real Estate – November 2009

by Karen Goodman on November 23, 2009

in Market Conditions

Video Highlights:

  • Mortgage interest rates compared to last month and last year
  • The impact of professional staging on selling a home
  • Staging tips for homeowners

Special Edition – Updated 2009 Homebuyer Tax Credit:

Video Highlights:

  • Revised requirements for first time buyer tax credit
  • Requirements for new existing homeowner tax credit
  • Homes that qualify for the tax credit
  • 3 year requirement to avoid having to repay the tax credit
  • Special provisions for members of the military and foreign service

Check back each month for the latest video housing market report.

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Simple Staging Steps that will Help Your Home Sell Faster

by Karen Goodman on December 5, 2008

in Sellers

You can never undo a bad first impression.White picket fence

Buyers make a decision on whether they like a home in the first minute or two. If you want your home to be one that makes a buyer’s short list, you need to do everything you can to make it appealing from the moment that they walk through the door.

Once your home goes on the market, it stops being your ‘Home’ and becomes a ‘House’. Your goal is to present your home in a way that will make it as appealing as possible to the most buyers.

You need to highlight the best features of your home and de-emphasize its flaws.

It’s not about decorating, but actually turning your home into a model so that it will appeal to the broadest range of prospective buyers. The goal is to make people feel like they could live there, and the best way to do this is to “neutralize” the surroundings.

  • Clear out closets and clutter: give away or pack up toys, linens, and small kitchen appliances to store off site. Pack away the out of season clothing to make the master closet look less jam packed. Buyers are forgiving of storage boxes neatly tucked away in a garage or basement.
  • Focus on the rooms that have the most impact to buyers: kitchen, master bedroom, family room and finished basements. Other rooms matter, but buyers will be more forgiving in secondary rooms.
  • Wait to come on the market until the entire house looks good: even if you are in a rush to get your house sold, it is critical that you take the days or weeks (or even months) to have your home ready to make a great first impression on day one. Your very best traffic will be the buyers that have been watching and waiting for a new listing. Don’t loose them by not being ready.
  • Eliminate items that might make some buyers uncomfortable: Are you a hunter? Extremely religious? Have toys for your pets throughout the house? Pack away the things that might just turn off that one buyer that would have made an offer. Family photos are fine, but pet pictures should be packed away. Deer heads and religious mementos should be packed away and saved for your next home.
  • Make your home look like a display home: The marketing experts that work for new home builders and furniture stores have spent a lot of time researching what buyers want. Take advantage of their insights. Take note on how they arrange the books and nick knacks on the bookshelves. pay attention to the little touches that they add to bathrooms, the lack of clutter and furniture arrangements that make rooms look large rather than cramped.
  • Remove excess furniture: Just because you want a couch, love seat and two recliners in the family room, doesn’t mean that the furniture makes the room look flattering. Drag the excess pieces to the basement, or rent a storage pod until the house sells.
  • Put away large collections: Collections just come across as clutter to people that don’t have the same passion as you for Mickey Mouse or frogs. Feel free to leave a few out, but the rest should be packed away. Anything valuable should be out of sight and out of reach of toddler’s hands. Yes, some people will bring their children with them and children tend to touch things on low tables.
  • Kitchens should be spotless: Kitchen counters should be completely empty other than a coffeepot, knife set and one or two small items. Refrigerator magnets and your children’s art needs to be removed. Remember the display house…go take a look at Home Depot Expo’s kitchen displays. Buyers want to see lots of counter space, and the best way to do this is to remove everything you can from the counters. The less in the room, the bigger everything looks.
  • Clean clean clean: As hard as it may be, the house should be ready for a showing every time you walk out the door. That means to make all of the beds (including in the teenager’s rooms!). Do the dishes or at least throw them into the dishwasher. Vacuum on a regular basis, wipe down kitchen counters and make sure the dirty clothes end up in a hamper.
  • Open the blinds: Sunlight makes a world of difference in making a home inviting. Add extra lamps in dark rooms or corners, and make sure that there is a lamp near the door or on a switched outlet if there isn’t an overhead light.

The best thing you can do is bring in another set of eyes. Your real estate agent should walk through every room with you and give you detailed suggestions on how to make the house show better. If you are selling on your own, bring in a friend or neighbor and ask them to be brutally honest.

Little changes really do make a difference.

This year I had two of my listings sell in 2 days after my clients took every suggestion to heart. Both homes looked spectacular on day one. One is getting ready to close next week after getting multiple offers and a price that surprised all of us (my sellers were thrilled!).

13 Glen Brook - Lake St Louis, MO

Today I met my photographer at my new Lake St. Louis listing to take pictures, and was thrilled to see the results of my sellers’ hard work. There may not be a ton of buyers looking at homes in December, but I’m confident that every one of them coming through will see what I see…a great home in fabulous condition.

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