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Rhonda Wilson

Time to pack up your eccentricities, your passions, and your personality!

Is it time to dig into your stores of the bland, boring, generic, or dull decorative items?

Yes, if you are merchandising your property for sale, it is time to make the old switcheroo!!

When buyers view your property, they are interested in the actual “bones” of your home. They are not going to be seeking financing based on all of your belongings coming with the property. They are not there to buy your “stuff”.

Buyers are also limited on time and excess imagination. I mention buyers being limited on their visualization skills because the buying process can be hectic and daunting. The buyer’s head is already consumed with the mounting finicky details. This is why it is important to make the buyer’s decision effortless for them.

cluttered and personalized fireplace mantel

If they have to struggle to look past your attractive distractions in order to determine the property’s over-all condition, features, and available floor-space, frustration is very likely to take over and force the buyer over to the next listing.

Even though you may be a very talented Paper-toll creator, and even though you and your family are very entitled to enjoy your creations all over the walls in YOUR HOME, a new potential owner of your home will simply have a hard time visualizing their own belongings there.

Pack up your own personal touches, and dig into your stored, more “boring” décor, and create that warm and inviting, yet neutral blank-slate, and you will find you will sell your property in a timely manner!

What could be better than having a head-start on packing for your upcoming move to your new home?

If in doubt regarding where to start, and where to stop, your Professional Home Stager can help you neutralize your property in order to appeal to the widest audience possible.

“Thanks, but please tell Mr. Potential Buyer to go suck rocks!”

WHOA, HORSEY!! This blog post discusses the seller’s knee-jerk reflex when it comes to “low-ball” offers on their properties.

The first thing I will point out is that I am a Home Stager, so pricing, negotiating, or any part of the sales process is simply not within the scope of my profession. This HAS to be left up to the Professionals.

The reason I am writing this is that I run into the following situation all the time. Most recently, I had a client for whom I had provided Staging services, e-mail me just yesterday.

Their vacant century-character-home here in Edmonton, Alberta, had been sitting on the market for 90 days with no offers and very few showings. I went in at that point and Staged it for them, had new listing photos taken, and updated the listing.

Here we are now, at 23 days post-Staging, and my client receives a “low-ball” offer over this past weekend. The house is listed at $409,000. The offer she received was $370,000. She e-mails me after speaking with her Realtor® to request my opinion “off the books”.

My immediate response to her was to ask if her Realtor® is confident in the pricing. Her answer was, yes. So, I respond to her and firmly explain the reason that I cannot provide her with anything but pure market observations and soft suggestions.

I explained to her that we have to step back and take a very deep series of breaths when we receive a low offer. In the following paragraph, I will outline what I pass on to all of my clients who ask for my opinion.

North America is a huge melting-pot of very culturally diverse communities. Our population is a conglomerate of humans who lived a large part of their lives in other countries. As a seller in North America, we have to open our minds to the fact that the perfect buyer for our property may be coming to you from years of living inside a culture composed of VERY different societal norms.

For example, there are many cultures across the world in which bartering/dickering/negotiating for absolutely EVERYTHING they acquire on a daily basis is EXPECTED. It is a way of life. This even applies to things such as produce, clothing, jewellery, etc. So, when they are making a huge purchase, such as a home, they expect some negotiation as well.

There are also simply some people out there who LOVE the negotiation “game”. They literally get a high from the adrenaline-pumping back and forth of the offer/counter/offer/counter...and so on. The endorphins racing through their veins can actually be quite addictive. These can be the same type of people who regularly gamble, attend auctions, or bet on horse races.

Of course, there will always be the “bargain-hunter” who throws really low offers out there to determine which sellers are extremely motivated to sell. They will do this over and over again until they find a smoking “deal”.

No matter how you slice it, the majority of buyers are not aiming to offend the seller when submitting a low offer. They are simply feeding their adrenaline addictions, habitually following their hard-wired customs and norms, or are testing your waters.

The truth is that buyers usually only go to the trouble to submit an offer if they have decided they LOVE your property. So, most of them will play the game until you have received a satisfactory offer.

And, if in doubt, simply counter their offer to reflect you have intelligently set your listing price.

Home Staging Edmonton, Alberta, Canada - services provided by Revealing Assets - Home Staging and Decluttering Services

The client I was referring to above did just this, and ended up countering the buyer’s offers until they came up to $398,000. So, she managed to bring the buyer up by $28,000 from where they started. The property has officially SOLD!!

Is your Christmas tree still up at home?

Are you finding that you often forget which holiday season we are actually in the midst of?

Does it take a grocery trip to Safeway and seeing the Valentines candy already out for sale to realize that it may be time to end Christmas at home?

How many of you had to physically remove Halloween decorations in order to make room for your Christmas decorations?

Christmas Tree

How many of you answered “yes” to one or more of the above questions, and also feel ashamed?

Well, I am here to say that there is NO NEED for you to feel ashamed.

There is also no need to feel like a lesser human being or like you are the epitome of lazy.

If you are finding that you are beating yourself up for not taking the Christmas Tree down yet, here at the end of January, I have an assignment for you.

Instead of laying in bed at night, tossing and turning, worrying about your mounting To-Do list, grab your car keys, no matter how late it is, and take a little drive down some residential streets. This is actually provides more benefit to you if it is later at night. Drive around and look for the houses/condos/townhouses that have window coverings opened at least part of the way. You will quickly realize how MANY people still have their trees up. The clutter fairy

You are NOT alone. There is nothing wrong with you.

Society, as a whole, is simply busier than in the past. We lead hectic lives. We are working more hours, getting our kids involved in more activities, taking more night-time classes, and, generally, burning our candles at both ends.

This short blog is simply a reminder to step back, take a deep breath, and accept the fact that it is okay to not be a super-human. Take time to reflect on and appreciate all of the enjoyment experienced from all of the crazy daily life activities. But, mostly, remember that the tree still being up is part of what makes up the “small stuff”. And, as Jack Canfield so simply puts it, “Don’t sweat it”!

2011...The Year of the “Instant Gratification Buyer”

Over the past few years, we have seen a rising trend of buyers seeking out the “Move-in-Ready” properties. This is largely due to the fact that people are becoming more and more time-deprived. But, also, due to large amounts of inventory on the market at all times, buyers can simply be a lot more selective.

I have, however, come to a conclusion regarding the evolution of buyers, and have been witnessing a new, and growing, group of buyers for this coming year.

A new breed, if you will.

Throughout my daily work as a Professional Home Stager, I am in constant contact with buyers, sellers, and Realtors®. I also watch Real Estate activity like a hawk.

Today’s savvy, proactive, and educated buyer not only does their homework regarding market activity, but they also diligently watch Real Estate/Home Improvement/Home Staging television shows.

What does this mean?

Introducing the new face of the average buyer for 2011:

The buyers are seeking the “Move-in-AND-ENJOY-Ready” properties.

They have raised the bar on expectations, and are no longer satisfied with the “Move-in-Ready” properties. They want to see that the seller is merchandising an attractive lifestyle. The new buyer does not want to have to put forth any effort in order to envision enjoying their lives, daily activities, and personal interactions in their new “home”.

This means that it is no longer enough to simply update flooring, paint, and windows. The buyer will no longer tolerate being left to wonder what the space should be used for.

Vacant/empty spaces, and spaces filled with room-role functionally confusing furnishings and items simply frustrate buyers. Buyers today are making home-purchase decisions based on emotions and visualization.

Buyers simply do not have the time or patience to brainstorm over hidden-potential in properties. They want an absolutely finished product, not a product that “could be beautiful with a little bit of investment or elbow-grease.

The buyer craves a warm and inviting vignette within differing spaces.

They require that all guess-work is removed from the equation. Help the buyer immediately see the intended purpose of each space, but go further and create a practical, yet calming and inspiring vignette that captivates them.

Before and After Photo of Home Staging Services provided by Revealing Assets - Home Staging and Decluttering Services in Edmonton, AB, Canada

The electronic age we are living in allows buyers to sift through listings far quicker than ever, which helps them be incredibly choosy and selective. They will literally keep on clicking past listings until one captivates their senses, lures them in, and inspires them to dream.

How do sellers keep up with the growing demands of buyers?

How are sellers supposed to create these welcoming vignettes in their homes?

This is where Home Staging is now a necessary tool when selling a property. Professional Home Stagers are trained, experienced, and educated on what the current buyers in your specific target market(s) are longing to see and feel when viewing a property, both in photos and in person.

Do you tend to put your cart before your horse?

Or are you quick to realize that more efficiency comes from doing it the other way around?

Do you pull on a door that is sporting loud signage stating “Push”?

Do you walk backwards downhill?

Do you paint expansive walls with a brush rather than a roller?

And my favourite, do you choose to drive a nail into a stud by hand when there is a perfectly good hammer sitting right in front of you?

A not-so-efficient way to go about things in life

No, we don’t do any of these things.

Why?

Humans logically assess situations and choose the path of least resistance.

We look for options that dictate that we expend the least amount of energy and time as possible. In other situations, we also decide which route will financially cost us less in the long-run.

Of course we also choose methodologies that should produce the absolute outcome for us.

The same should be true of all Real Estate transactions.

Remember that old adage, “One needs to spend money in order to make money”?

This couldn’t be more accurate in the land of Real Estate, where the ultimate goal is to put a product on the market that is merchandised in its true best form.

Take a much smaller ticket item for some perspective, such as a pre-owned car. When we list our cars for sale, or prepare to use it as trade-in at a dealership, what steps do we take? At the very least, we ensure it is spotless. ($5-$50) We should assess whether there are any major or minor repairs to bring it up to insurance standards. ($100-$2000) Maybe the tread-depth on the tires is less than 40%. We should probably at least throw on a new pair of all-seasons for the new owner. ($300-$600).

These dollar amounts do start to add up. But, we don’t give much thought to the investment when we are selling a car. It is really just second nature.

Now, to put this into scale, we will usually sell a used car for $500-$15000, depending on the year, make, and model. We will typically invest $50-$3000 to bring that car up to a point where it is seen by buyers as valuable. We are merchandising it for sale, and will readily spend 5%-10% of the sale price on preparation for listing.

We will sell our home/property for $90,000-$3,000,000 (certainly not an all-inclusive range). If we were to follow the same logical process and spend 5%-10% of that sale price on the preparation for listing it for sale, we should be prepared to spend $4500-$150,000. Even if we brought down that preparation investment number down to 1%, we should be looking at investing $900-$30,000.

But when it comes to Real Estate, there are still only a very small number of sellers who are willing to adopt this idea. And, it is that small group of sellers who invest the time and money into cleaning, completing repairs, upgrades and renovations, and Home Staging whose properties stand out like a pleasantly sore thumb amongst their comparables on the market.

This small group also end up selling quicker and for maximum value.

Because Home Staging is fairly new, there are many people who can see the value in it, but just aren’t ready to jump in and experience the benefits. These are the people who are of the “let’s just put it on the market as-is, and we’ll see how it goes. If we get limited response, then maybe we will consider Staging at that point” mind-set.

At this point, we are putting the cart before the horse. When selling a property, the goal is to cast your net as wide as possible. If your property is not being presented in its most attractive light from the start, you are automatically missing out on appealing to potential buyers during that time-period.

The bottom line is that precious time and money is being wasted if you don’t have your home Professionally Staged from the start. If Staging is an after-thought, your listing will essentially have to be re-done by your Realtor® with new listing photos. Your property will have sat longer on the market, so you may be facing a pricing reduction. And, if you have already moved on to your new “home”, you may also be dealing with mounting carrying costs.

Another bonus to hiring a Professional Home Stager come into prepare your home for sale is that your investment is GUARANTEED to be less than any of the costs mentioned in the last paragraph. Home Staging, year after year, is statistically proven to bring an approximate ROI (return on investment) of 547%.

My hope is that, one day, consumers will realize that having your home Professionally Staged PRIOR to listing it for sale IS ABSOLUTELY THE PATH OF LEAST RESISTANCE for all parties involved.

Don't waste precious time on the market - Have your Property Staged prior to listing