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Changing
the way real estate is sold
'Staging' is a new niche service aimed at giving home vendors
an edge in attracting the eye of the house-hunter and accomplish
a sale
by Don Fraser - Standard Staff
'Staging'
is a new niche service aimed at giving home vendors an edge in attracting
the eye of the house-hunter and accomplish a sale
In
the world of real estate, it's not just about "location, location,
location."
A house-hunter's first impressions can mean the difference between a
home closing fast at a good price or languishing unsold for weeks.
And there's nothing harder than trying to sell a pad littered with distractions
and disrepair.
Just
ask Christine Rae, 52, the St. Catharines owner-operator of two-year-old
Decorating Solutions. She has yet to see a residence that can't
be tweaked to become "top drawer" in the eyes of homebuyers.
Rae
-- a certified interior refiner and accredited "staging professional
trainer" -- is at the vanguard of a niche service called
"staging." Put simply, professional stagers believe
home vendors have "one clear shot" to woo a buyer
into snapping up a good offer.
By
shuffling that misplaced couch, depersonalizing the kitchen and emptying
closets, a 2001 realtor's study of eight California cities suggested
a staged home can sell faster and at a higher price, said Rae.
The
study showed on average, unstaged homes were on the market for 39
days, and staged homes for 13.
"It's
like merchandising," she said. "Just like you merchandise your
store product -- say, repackage that video -- you are merchandising
your home for sale.
"If you don't do anything, you shouldn't be surprised if your realtor
brings you an offer less than what you expected," said Rae.
Today's
homebuyers are often two-income families in their 30s, who aren't
thrilled by the prospect of spending ages making a new home livable,
she said. Staging to ensure it is maintenance-free after the
move can be a big selling point.
Rae left a 20-year career in the corporate world two years ago, having
no idea staging would be her next turn.
But
she knew she had a flair for understanding decor. "It's something
I always wanted to do -- I'd done it for family and friends,"
said Rae. "'Usually, someone bought their stuff already, and
it just wasn't coming together."
A few
hours on the Internet led her to the world of staging, which was
making inroads out west and elsewhere.
She
honed in on Barb Schwarz, a U.S. real estate veteran who seemed to
Rae to be the only one at the time with staging accreditation.
After
completing Schwartz's 82-hour course two years ago, Rae developed
a two-pronged focus to her new business.
Part
of it is decorating and staging; the other half a two-day
program to teach real estate agents, decorators and others who want
to learn staging principles or to start their own business.
The
two-day course includes a lecture, role-playing discussion and actual
staging in a home. She teaches across Canada and the northeast
U.S., for fees ranging from $375 US to $1,250, depending on whether
or not a "staging" trademark is intended to be licensed
as a new business.
Either
Rae, or one of her team of Carole Zwiers and Andrea Meyer, will
also do a one- to two-hour walk-through and/or a consultation.
The
process also incorporates oriental principles of Feng Shui, which
stresses the placement of things to create harmony and balance.
The
service includes a report for the homeowner or real estate agent
preparing a home for sale, with most suggestions being low cost.
Staging services are paid by the real estate agency, the homeowner
or a combination of both.
They'll
even do the staging themselves. Depending on the consultation
and work required, total fees range from $150 to about $1,000.
Rae
recalled her first St. Catharines client last July, who made use
of these painstaking techniques. It was a huge success, she said.
After
an intensive week's work following up on recommendations such as
repairing wall cracks and doing a garden cleanup, the homeowners sold
their house to the first walk-through. It sold at the highest price
ever for the neighbourhood, she said.
Often,
however, they're called when that For Sale sign has become a
neighbourhood fixture. The suggestions Decorating Solutions gives can
be wide ranging, but more often than not it will be Rae's advice:
"This has to go."
"It's
not meant to be offensive, we just have to make it more neutral,"
Rae explained.
"The
better it works for a prospective buyer, the slower they'll be in
their tour through -- the more they visualize living there."
In
one instance, a couple had a backyard filled with grapevines, cherry
trees and vegetables. A little patio set beneath the vines made
the setting perfect.
Last summer, one home was discovered to be both pretty in pink and
filled with sports memorabilia. That had to be neutralized.
Elsewhere,
traces of pets and nagging odours caused by a sickness or painting
have to be eliminated. Here, an ozone machine used by Rae can
help sanitize the home.
Still,
in much of Niagara's current real estate market, homes are selling
pretty fast. Third-party fees such as title searches, lawyers
and movers can take a chunk out of home equity.
Given
that, is staging really a needed expense?
"What
would you do before selling a car," Rae responds. She suggested
that detailing and throwing on new tires were two examples.
"Now,
where do people have the most equity? Their house or car?"
she asked.
"And have you ever sold a house for too much money?
At
first, realtors were also skeptical about the need for a service
they thought they provided, until they saw results, she conceded.
Some
realtors confessed their biggest challenge was getting the homeowner
"on the team" and making changes needed to sell a home
faster at a top price.
While
a realtor's advice was typically viewed as a "tip," third-party
staging offers professional advice to be taken seriously.
"They
listen and they do it," said Rae.
In
Ontario, realtors have to take 26 hours of approved continuing education
every two years to keep their realtor's licence. Rae's accredited
staging professional course is now among those approved programs.
Phyllis
Lottridge, who has been a realtor for 25 years, has taken the new
staging course and found client sellers to be receptive to staging
techniques.
"We
used to think 'add a flower pot here, a quilt there,' "said
Lottridge, who works for the Royal LePage Niagara Real Estate Centre in
St. Catharines.
"Well,
we're taking it away -- we're only using props if we absolutely
need them."
The
process also emphasizes to home sellers that staging is not meant
to be an invasion or a lifestyles insult.
"It's
to make it into a model home," she said.
Still,
staging has not exactly caught fire in Canada, although Rae expects
it will soon. And she'll be more than happy to fill that void
as she cleans out someone's living room.
"Whether
you like it or not, staging is a happening thing, the new thing,"
she says confidently.
"It's
changing the way real estate is being sold."
Decorating
Solution's Web site is www.decoratingsolutions.ca
©2003-04
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