Maureen Bray from Portland wrote on the subject of price reductions vs. home staging. What she had proposed to do would have cost the home seller pennies compared to price reductions they took.
If you're thinking about selling your home or still have a home on the market this is a must read!
Dear Mr. Seller,
You contacted my company 3 months ago and requested a staging proposal for your home. It's in a premier Portland neighborhood and you said you knew it needed some help before listing. You'd already bought another home and were packing up your things to move out in a few days.
When I arrived to view your home, it was surprising to see a huge pool table in your dining room! We laughed together about that and also the long heavy dark velvet drapes! Your home needed major cleaning and packing up of many small items. I knew we could help you!
We'd be able to work with most of your furniture that you'd be leaving behind, and we'd provide the necessary missing pieces as well as accessories, art, trees & plants, etc. as needed. We discussed that if we were going to work together, I'd give you a detailed list that would include which furniture pieces to leave behind as well as some easy cosmetic improvements that you could do yourself.
You told me that your listing agent did not believe in home staging. I was surprised to hear this, because I thought that your home was one of the better candidates for staging that I've seen this year, but I kept my opinion to myself. I told you that our company keeps track of our staging statistics, and we're proud of them. I knew we could help you!
Later that day I emailed you a very cost-effective proposal that included staging your home using your furniture and providing accessories and other items from our inventory. We'd stage your home to make it appealing to your target buyer. Our proposal also included quality digital photos for the online listing ... critical in today's challenging market. I knew we could help you!
Later, I was disappointed that you decided not to stage your home. Looking at the online listing, it was a shock to see the photos of your home! They're dark, out of focus, crooked, and don't even show the best features of your home. I won't show them here because that wouldn't be discreet, but I noticed the heavy velvet drapes are still there, and your furniture is not in the right position to showcase the space. The photos are about the worst I've ever seen. I knew we could have helped you!
After 6 weeks on the market I noticed that you took a $30,000 price reduction! After another 4 weeks, I saw that your price had now dropped $50,000! Hmmm ... your agent discouraged you from staging (even though you would have paid for it) but has no problem recommending that you drop your price by $50K?
Wow! Staging your home with a professional staging company would have cost a tiny fraction of your first price reduction -- but you decided to drop your price by $50,000 instead. How does that make sense from a financial viewpoint?
The sad thing is, today I drove by your home again on my way to staging one of your neighbor's homes, and saw the new sign addition now hanging from your "For Sale" sign ...
Mr. Seller ~ We really did try to help you! I wish we could have.
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For help making sure your home shines for potential buyers, contact Room Solutions Staging in Portland OR to learn more about our home staging services. We work with Homeowners, Banks, Realtors, and Investors to prepare homes to SELL. Give us a call at 503-246-1800 for more information. Room Solutions ~ Staging that Sells Portland Homes.
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Redesign Etc. of Houston is a Full-Service real estate staging company. We stage vacant, occupied, builders specs, condos, townhomes, vacation rentals and commercial property. We offer furniture & accessory rentals at competitive rates. Insured & Incorporated with the State of TX.
Owner, Cindy Bryant has earned the RESA-PROTM designation, holding professional home stagers to the highest industry standards, ethics, integrity and proficiency in staging techniques while protecting Homeowners and Real Estate Agents.
Please visit our portfolio of before and afters and website for more information. Check out our profile page too! Check out our sister sites for the Houston Bay Area League City Home Staging and Galveston Home Staging. Please contact Cindy Bryant for more information or call 281-748-2170.
Areas Served: Houston, River Oaks, Tanglewood, Bellaire, Piney Point, Mid-Town, The Heights, Montrose, Texas Medical Center, The East End, West Loop/Galleria/Memorial, Downtown, Museum District, West University, Spring Branch, Royal Oaks-Lakeside, League City, Clear Lake City, Friendswood, Kemah, Seabrook, Pearland, Sugar Land, Spring, Cypress, Tomball, The Woodlands, Kingwood. And all areas down to Galveston Island.








Cindy,
So sad to see that someone would make such a DRASTIC financial loss and not spend money on another idea that WOULD HAVE WORKED!
Terrible.
Love the contrast between a small staging fee and a $50k drop in price! Great example!
Sheila-So true, they didn't have to.
Lisa-Maureen did a great job with this post!
Cindy ~ thanks for reblogging my post. I wish more sellers (and their agents) could see the "maximum equity, minimum market time" advantage of professional home staging! We can only help them if they let us, right? And if they resist, then it's on to help the next seller. You want to shout sometimes, "hey folks, try it .. it works!"
Cindy, thanks for the re-blog. I missed this the first time around. Definitely a well written post.
Maureen-Exactly. Remember the old slogan "Try It You'll Like It"?
Debra-Great, I'm glad you caught it this time.