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David Pylyp

Home Staging is Older then Shakespeare

06-12-09
David Pylyp

Frugal Home Staging - Toronto

Even if you're not a fan of Shakespeare's works, his words of wisdom have made their way into our common, everyday vernacular. Why? Because the Bard's words prove true time and time again.

What does home staging have to do with Shakespeare? Well, the term "staging", which refers to preparing a property for sale to maximize its appeal to buyers, was coined due to its parallelism with setting the stage of a theatre.

As Shakespeare wrote in ‘As You Like It', "All the world's a stage." The same holds true for the house you're trying to sell. And, just like the theatre stage, we are merely the players and we have our exits (sellers) and entrances (potential buyers). It's a professional stager's job to make sure the stage is set to encourage dialogue between the players.

Makes sense, but what else can the Bard teach us?

"Parting is such sweet sorrow" - Romeo and Juliet

Juliet's famous line obviously was referring to her Romeo. However, our home is also something we love. It is very normal for homeowners to have a strong connection to the house they've turned into a home by personalizing the furniture, décor, and design. Detaching ourselves from our home can be a difficult process. Yet, it is also sweet because, often times, selling our home means we're about to embark on another, new and exciting chapter of our lives. As well, for most people, a home is their largest asset and maximizing the return of that asset is very sweet.

Moral of the story: Detach yourself from your home and think of how you can create emotional connections for potential buyers.

"Delays have dangerous ends" - King Henry VI, Part II

When is the best time to stage a property? Regardless of which stager you're talking to, you will hear the same thing come out of his/her mouth: BEFORE the property goes on MLS!

Occasionally, I hear a homeowner say, "We don't have time right now to worry about staging, so we'll list it first and see how it goes." At first glance, that looks like a good way to go; however, as your realtor can tell you, the first 10 days on the market are crucial-, at open houses, and showings. As well, if you post photos online of your un-staged property, you are losing potential buyers from the onset and they're gone for good. 78% of buyers look online FIRST before deciding which houses to go see-do you want to risk not being on that list?

Delaying staging can ultimately lose you a sale. Take the time before listing your home to properly get your house ready for market. If the thought of packing stuff away seems overwhelming, just remember that you'll have to do it eventually when your house sell, so think of this as Step 1! Imagine how much easier your move will be at the end when you're already half packed!

Moral of the story: Waiting to stage your home can cost you much more money than anything spent on staging. If you wait, it usually means that staging accompanies a price reduction. Why wait and leave money on the table? Squeeze as much equity out of your house as possible by being proactive and investing in the right changes to get a positive return on investment.

"Nothing can come of nothing" - King Lear

I sometimes hear clients protest with comments like, "I'll just let the new owners make the changes they want." or "Why do I need to stage anything for potential buyers? They'll just imagine the house the way they want to." Here are the problems with those statements:

Sure, potential buyers can always make the changes that need to be made to the property, but you can bet their offer will reflect these cost AND the time and effort to make these changes. If potential buyers are actually interested in making the changes (many aren't though), they will likely go through the house making a list of "deductions" that will come right off their offer price.

Sure, potential buyers can visualize the property regardless of its current state.... If they're part of the small percentage of the population that actually has the ability to do so (only about 15%).

Moral of the story: If you put nothing (staging, elbow grease, repairs, etc.) into your home before you sell it, don't expect to get more from potential buyers. They're looking for move-in ready homes that they can easily visualize themselves in the space. Help them do just that!

"Be not afraid of greatness" - Twelfth Night

And so we end our Shakespeare lesson with the most important lesson of all-do not be afraid of greatness when it comes to showing off and selling your property. Whether in a buyers' market or sellers' market, your house should always be ahead of the competition. In the case of a buyers' market, staging your home will help it sell faster (about ½ the time of a comparable un-staged property) and for more money (about 6 - 10% more than a comparable un-staged property). In the case of a sellers' market, staging your home will often lead to multiple bids!

Moral of the story: It is statistically proven that the time, effort, and investment that go into staging lead to faster sales and for more money. Why say no to greatness?


Christine LeLacheur is a Certified Staging Professional (CSPTM) and has a Masters of Business Administration (MBA). She continually augments her formal education by keeping on top of industry trends and keeping an ear to the ground to ensure she provides homeowners with ideas and layouts that appeal to an array of potential homebuyers.

Christine and her team are committed to making your house looks its best, optimize its value, and add to your pocketbook without leaving any equity on the table! Contact Christine today to learn more about how The Frugal Stager can help you sell your home!

What do clients say about me?

05-28-09
David Pylyp

There are many videos online with my content that is designed to be educational and informative about life in Mississauga, and ultimately the west Toronto (GTA)

I am very fortunate to have a seller that was willing to go on camera with a testimonial.




I am very grateful to Karen for her contagious laughter, great spirit and zest for adventure in life that made working with her an absolute pleasure.

If you would like to have a similar experience with your real estate transaction in Mississauga, I would be pleased to interview for the position. Buying a home should be a stress free, informed and comfortable situation where you examine all the possible outcome and then make an educated decision.

This page is intended to solicit those buyers and sellers of homes that have been disappointed in the past. I welcome you to search for your next home on the Toronto West Homes website.

You will not be spammed or converted. Just look at listings. All of them.

Then call me.

 

Why you need a High Tech Home Inspector

05-23-09
David Pylyp
A Home Inspection whether on a new construction or resale home is imperative to you as the consumer to be aware of what future repair items will be required.

While on a Home Inspection with Russ Fascullo recently, I was introduced to an infrared camera and moisture meters. These items could be visually dismissed as unimportant but there is actually an underlying problem that was discovered using uninvasive inspection methods.

The glass shower door was scraping slightly on the marble sill plate of the threshold. This in itself could be adjustment of the hinges. Further inspection shows differently.


The cause of the problem was a lack of sealing the grout with the ceramic tile, omission of silicone caulking and the result is a swelling of the frame structure below the door due to moisture absorption. The result is a bathroom sill plate that is in need of repair and could cause mold to grow in this area.
This problem was revealed with the use of readily available tools.
I urge you to get professional help and advice when buying and selling properties.

Are you having a Jerry Maquire experience with your Realtor?

05-21-09
David Pylyp
If you are not building a solid trusting almost family relationship, that your REALTOR has your best interest at heart over the long term of your property ownership, you need to interview different experienced people who will professionally handle your situation.



David Pylyp serves the west Toronto, Etobicoke and Mississauga communities. You can reach David @ 647 218 2414 or through his office at 905 272 3434. RE/MAX Realty Specialists Inc., Brokerage.

Cash Back Now Available on Variable Rate Mortgages

05-21-09
David Pylyp

Cash Back Programs have been available on fixed rate financing options for a home purchase. consumers keep asking for the cash back option but on the variable rate interest program.

"Even with low 5 year fixed rates a large number of first time buyers continue to request variable closed mortgages." Said Lindsay Doke RBC Trusted Mortgage Advisor

Lindsay continued "Due to the next 2-3 year outlook where economists are predicting stability in the bank prime interest rates now at a historical lows. We all know however even with the land transfer incentives to first time buyers there still are times where there is a shortfall."

Whether it is for furniture or appliances or even cash to reduce higher interest debt to improve cash flow. This program maybe useful to help with closing costs, or home improvements. The money that is spend would also be eligible for the Home Renovation Tax credit.

Well RBC now can provide cash back incentive on our five variable closed term.

Call Lindsay or myself today and we can provide you options to help with your purchase.

Lindsay Doke Trusted Mortgage Advisor RBC Financial is available at 416 464 6423 or lindsay.doke@rbc.com