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Real estate downturn puts spotlight on staging industry.


Recently the term "staging" has become common in reference to listing a home. It's not exactly the latest trend because it has been around for quite awhile a·while  
adv.
For a short time.

Usage Note: Awhile, an adverb, is never preceded by a preposition such as for, but the two-word form a while may be preceded by a preposition.
. Staging refers to preparing a property through furnishings furnishings

the extra type or quantity of hair on the head, tail, ears or legs, specified for a particular breed. For example, the feathers in setters, the beard in Bearded collies, the eyebrows in Schnauzers.
 and accessories to enhance a home's desirability when listed for sale. The term is more common now as the real estate market has entered a "period of correction" and sellers are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 ways to differentiate their properties in a competitive market.

Statistics continually show that staged homes sell more quickly than ones that are not staged. Unfurnished unfurnished
Adjective

not containing any furniture

Adj. 1. unfurnished - not equipped with what is needed especially furniture; "an unfurnished apartment"
 homes can be very difficult to show, especially if there are odd shaped or small rooms. They do not feel inviting, and because a buyer has nothing else to look at, flaws become more noticeable. Since only 10 percent of prospective buyers can visualize their furniture in another home, furnishings make rooms seem larger by giving a sense of scale to a space. And a professional will know what to do with rooms that are challenging.

Developers have employed model homes for years. Designers choose furnishings to create a look that compliments a house's style.

From cottage casual to contemporary the idea is to create a lifestyle so potential buyers can see their lives in a particular home. Furnished interiors aid in marketing a project because they look more attractive in brochures and online virtual tours Virtual Tours
The phrases panoramic tour and virtual tour are often used to describe a variety of video and photographic based media. The word panorama indicates an unbroken view, so essentially, a panorama in that respect could be either a series of photographs or panning video
.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 national statistics, 80 percent of home buyers turn to the Internet prior to choosing a realtor. Surfing the web is commonplace as buyers consider moving. Online photos succeed because viewers see the furnished interiors as more welcoming. And because the staged rooms draw the eye, they can hide a listing's flaws. As a Realtor, the photos set the property apart from other homes and the opportunity to capture a prospect is significant.

Often the price of staging is less than a price reduction. Fees vary widely depending on a houses size; whether it's a full or partial staging, and the length of the contract. The savings of a month's carrying costs Carrying costs

Costs that increase with increases in the level of investment in current assets.
 alone can pay for the price of the service. Add in the stress of maintaining a home in good condition for showings, and the inconvenience of strangers traipsing through, the price is well worth the investment.

A number of firms offer free consultations to prospective sellers. A stager's job is to aid the seller in marketing their home, but it can be an alarming experience. Recommendations to get rid of clutter and personal items; to clean, and paint as well as removing furniture can be painful, however it's a smart way to get a professionals opinion. Tips such as changing linens, adding fresh flowers and candles are simple and inexpensive ,improvements, and they can be done by the owner if they cannot employ a professional's services.

An unexpected benefit of staged interiors is that buyers linger longer Linger longer is a card game related to Go boom. The aim of the game is to keep your cards for as long as possible. When you run out of cards you are eliminated from the game.  and allows them to connect to a property. Unfurnished homes receive a quick visit and it's on to the next listing.

Staging makes properties memorable, and in a market with numerous listings competing for attention, connecting with the buyer may be one of the best ways to sell a home.

Jonathan Hopp is CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Staged for Success, a staging company in Studio Cir. He can be reached at 818-989-9654 or at jonathan@jonathanhopp.com.
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Title Annotation:GUEST COLUMN
Author:Hopp, Jonathan
Publication:San Fernando Valley Business Journal
Date:Oct 13, 2008
Words:554
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