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Random thoughts about things I have learned in the first year of staging.
About Staging:
o Staging is exhausting…esp when the house is three floors.
o Staging in rainy/snowy/windy weather is nasty.
o There’s a lot more to a staging job than the actual hands-on time at the property.
o Some doors are too small to fit a refrigerator through!
o Slipcovers can often be your best friend.
o Cushions/throws are my second best friend.
o Outdated light fixtures are one of my pet peeves.
o Curb appeal is just as important as interior appeal.
o I don’t get hungry when staging on site....why!?
About Realtors:
o Some Realtors fight about every dollar.
o Some Realtors think they are stagers.
o Some Realtors ARE stagers.
o Most Realtors do not stage their listings (here where I live anyway).
o Most Realtors want their stagings done ASAP.
o Some Realtors respond to voice mails, emails promptly.
o Some Realtors rarely respond promptly.
o Some Realtors rarely respond.
o A lot of Realtors stage a house only if it is on the market for a long time with no offers.
o Realtors often pay for the consultation.
o Realtors may occasionally pay for the staging.
o Some Realtors are difficult to work with.
o Some Realtors are great to work with.
About home owners (clients):
o Some clients fight about every dollar paid to me.
o Some clients give me more than I charge.
o Most people do not know the difference between staging and decorating.
o Most people have too much ‘stuff’.
o Lots of home owners trust me with their home and contents.
o Some clients’ houses are not very clean.
o Some clients’ homes are spotless.
o It is often difficult to get clients to agree to the staging because of the cost.
o Homeowners sometimes pay for the consultation.
o Homeowners usually pay for the staging.
o Most home owners (and Realtors) think any house can be staged in 4 hours.
o Most homes CANNOT be effectively staged in 4 hours.
o Some clients' dogs bite (not me thankfully…photographer was not so lucky).
About money matters:
o Electronic transfers are the easiest way to pay and to be paid.
o Many clients want the option of paying with a credit card.
o Getting a large deposit on the job up front is the best way to go.
o Getting a signed contract before starting is ideal.
o Getting a signed contract before starting is often difficult.
o Realtors occasionally pay for the staging
o Realtors often pay for the consultation.
o A lot of money can be made renting my accessories/bedding/small furniture pieces.
About inventory:
o Keeping track of accessory inventory is difficult.
o Suitable storage space for inventory is a must.
o A spare bedroom is not a good idea for a storage place.
o A larger vehicle is an asset.
o There is no rental business catering only to stagers (in my city).
o It is very difficult to rent sofa tables, dining room buffets/servers and accent chairs.
o Much of the furniture in the rental stores is too large for most of the downtown homes I stage.
o Best use of my inventory product is my wall art/mirrors.
o Renting my accessories/bedding/small furniture pieces is a great second stream of income.
Randoms:
o Some ‘flipped’ homes are not a good buy for your money.
o Some ‘flipped’ homes are a good buy for your money.
o The best part for me is seeing the transformation in the ‘after’ shots.
o Keeping up the e-marketing & blogging is very time consuming.
o Email is a great way to correspond with clients/Realtors…there will be a record.
Things I need to improve, consider and/or fix:
o Getting a signed contract before starting any job.
o Getting 50% deposit before starting any job.
o Getting a better storage area for my inventory.
o Finding out latest inventions in staging products. Eg. Decorative curtain rods that cause no damage to walls or facings.
o Booking my stagings so that I don’t have too much work one week and no work the next week.
o Doing some regular blogging instead of playing catch-up.
o Hiring some help for hanging wall art, dusting/windexing/steaming, lifting/moving furniture.
Any comments welcome. Is there anything else I should have/need to learn? Please share the most significant things YOU have learned this year relating to YOUR business.
HOMESTYLING BY CATHY
(709) 341-7115
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1. I can save you time. At your request I will meet with your client before the property is listed to give a consultation and explain what needs to be done to sell the house quickly. This frees up more of your time for pursuing other leads, marketing, etc.
2. I can help increase your revenue. Statistics show that staging sells a house in about half the time and for more money than comparable unstaged houses. This means a lower possibility of a price reduction and less money spent on marketing the property….which means more money in your pocket.
3. I can relieve you of the stress of telling your clients their house needs work. Sometimes this can become awkward, but I am experienced in handling such situations. Let me do the ‘dirty work’!
4. I will help you achieve a reputation as a Realtor whose listings always show well.
5. I can ensure that your client's first impression is a WOW impression. There is only one chance to make that all important good first impression. Make sure your clients get it.
6. I can send you referrals. From time to time, home owners who are having their home staged will ask me to recommend a good Realtor. Of course I recommend those that use my services.
Of course, staging is just one tool that can be implemented to help sell homes on the market. If it is priced correctly, marketed effectively and staged beautifully, you will have a winning combination and the house WILL sell.
HOMESTYLING BY CATHY
(709) 341-7115
Serving the St. John's and metro areas in beautiful Newfoundland, Canada.
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Atlantic Salmon Jump Here! I recently visited Grand Falls Newfoundland, home of the Exploits River. The Exploits is a salmon river and as you drive along the river you can see anglers patiently trying to hook one. Every summer thousands of salmon make the trip back to spawn in the interior of Newfoundland.
I took these photos from the observation deck at the Salmon Ladder coffe shop.
You can walk down the hill to the salmon observation building and watch the salmon as they wait for their opportunity to take the next leg of their journey.
We had a fresh salmon for dinner that my brother caught the previous day, delicious!
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Just a Little Puzzle.
OK, just a little puzzel? This is the puzzle from Sunday's blog.
The idea was to come up with the name of the town "where the title of these blogs comes from,... figure out the name of the 'little mill town'."
All the clues are in the first sentence "Long ago and far away on the western shore of an eastern island province there was a little mill town."
And you are given this hint: "Of course using goggle is allowed."
I did make one error. I should have said 'google maps" specifically.
So use google maps look at the eastern provinces.
Where? Canada, the USA doesn't have provinces.
So use google maps.
Scan those eastern provinces that have western coasts. There are't that many. Especially island provinces.
I'll give you another clue: Look for a place at the head off the deepest bay (longest) you've ever seen.
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So financing options are now available for Canadians who wish to purchase vacation homes in Arizona. Arizona was a hotbed for Canadian vacationers who at the peak 2005-2007 of the Arizona market were often put off by the high prices and unfavorable exchange rate. Now with a weak dollar plummeted property values Arizona now represents a Canadian dream not only for weather, amenities and now accessible appreciable real estate assets. However up until now you could only obtain one home and only pay cash! Today Canadians have the opportunity to leverage their cash and buy not one second home but multiple properties for investment purposes. So how does our program work? •1. 5 Year INTEREST ONLY Home Equity Line of Credit at Prime - ¾% with a floor of 4%. ( APR 4.17%)( As of today, The Prime is at 3.25%, so it would have to move above 5% before the 4% would ever change.) •2. 2% Loan Origination Fee paid to Amerifirst Financial at closing. No other closing costs, title fees or appraisal fees! •3. No loan fees unless borrower cancels the loan in the first 3 years, then there is a $300 fee. •4. The loan will not exceed 50% loan to value/cost, whichever is lower MAX LOAN AMOUNT $500,000. •5. To qualify, borrowers must first call and fill out an application by phone with The Mark Taylor Team at602-361-0707. Upon application, borrowers must supply THREE YEARS tax returns, all pages. •6. If borrowers want to extend past the 5 year term, they must re-qualify and then they will have to roll into a 15 Year Amortization 7 Year Balloon at current bank rates. (Today that is 5.75% 6.18% APR) •7. We request 30 days to close but rushes can be looked at on a case by case basis. •8. All approvals are done by our investor and are based on the appraisal value and the tax returns. HERE IS A GREAT EXAMPLE : http://actvra.in/7Qs NOW HERE ARE THE NUMBERS: $108,000 US DOWNPAYMENT: $54000 MONTHLY PAYMENT: $257 INTEREST ONLY TAXES, INS AND HOA: $237 TOTAL PAYMENT OF $494 FOR A 4 BED 2 BATH 2100 SQ FT HOME - NOW THAT IS A GREAT OPPORTUNITY! So why not take advantage of all the economic factors and leverage the Canadian dollar and buy in in Arizona! It would almost be crazy not to eh?


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