Does 'staging' a house help sell it faster?

[James H. Bushart]

By Riddhi Trivedi-St. Clair
ST. LOUIS POST-DISPATCH
Sunday, Jan. 27 2008

Last May, Bob Lenac decided to put his two-level, 2,000-square-foot condo in O'Fallon, Mo., on the market.

With a slow housing market and eight other houses for sale on his street, Lenac doubted his house would sell quickly. When one of the Realtors he interviewed offered a home-staging consultation as part of the sales package, Lenac jumped at the chance.

Lenac had heard about staging from his ex-wife and decided it might be worth trying. Staging is the process of preparing a house to create the most appeal for prospective buyers. The concept is old. What's relatively new is that sellers are paying for staging advice, giving rise to a growing industry.

And with today's relatively weak housing market, more buyers — and Realtors — are turning to staging in an effort to speed the process.

Staging is different from interior decorating, says Sue Rector, the owner of
Lake Saint Louis-based Home Staging Innovations and Lenac's stager.

"Decorating is personalizing, staging is de-personalizing," Rector said. "The
three main principles of staging are clean, de-clutter and (add) color."

Staging has been used in markets like Florida, California and Arizona for many years but only now is starting to pick up in the St. Louis area. The change may be linked to the region's slowing housing market, some stagers say.

In a slow market, sellers need fresh tactics and creative thinking to help set their house or condo apart from the others on the market and to help it sell, said Linda Rohlfing, owner of Sedona Interiors and Home Staging in St. Charles County.

"Marketing and advertising will attract people to your house, but staging will
present it in the best possible light and help it sell," she said. "It is much better to spend a few dollars on staging than having to take price reductions."

So, does staging work?

The 17 houses Rector staged in the last year sold in an average of 39 days for more than 98 percent of the original asking price, she said.

According to the St. Louis Association of Realtors, the typical house was on
the market for an average of 82 days and the sellers got an average of 96.5 percent of their asking price.

Kurt Selzle, a Realtor with Coldwell Banker Gundaker in Town and Country,
agreed that staged houses attract more buyers. Fifteen to 20 of the roughly 100 houses he listed last year were professionally staged, Selzle said.

"The staged homes definitely sold faster," he said.

Lenac said that of the eight houses for sale on his street — two of them within a few doors of his condo — his was the only one that sold. He originally had listed the house for $204,000 and sold it for $199,000 in less than 60 days.

Lenac attributes his success to using a stager. "By the time I moved in July, two of the others had removed their 'For Sale' signs, and the others were still on the market," he said.

Rector did a walk-through of Lenac's house and gave him an exhaustive list of what he needed to do in the house to prepare it for sale.

"It was like an A-to-Z list," Lenac said. "I had wanted my place to look like a model house, so that it gave people the sense of being new even though it was four years old."

Lenac said he implemented all of Rector's suggestions, and he met his goals.

The key to successfully staging a house, professionals say, is to make the
house look livable, but not lived in.

"People decorate for themselves, not for prospective buyers," said Caron
Butler, owner of Roomartist, a staging service based in St. Charles County.
"The goal of staging is to make buyers feel like they can live in that house,
that it can be their home."

The prospective buyer should fall in love with the space rather than the stuff occupying it, Rector said.

If a room is too personal and prospective buyers are unable to visualize their belongings in the house, they won't buy it, said Jane Nuckolls, a partner in St. Louis-based R.E. Design.

"People design their homes based on emotion," Nuckolls said. "So they are often too close to it and cannot take an objective assessment of what needs to be done."

A stager can provide an unbiased perspective, Rector said, although sellers
don't always like all the suggestions.

"One of the first projects I did was my daughter's home, and when I went in and started changing and de-cluttering, she got mad at me," Rector said. "She thought I didn't like the way she decorated."

Lenac knows the feeling. He is very proud of his family, so he was disappointed and hurt when Rector asked him to remove the photographs of his grandchildren and family from the walls. But Lenac acknowledges that the house looked a lot more salable after he implemented Rector's suggestions.

At a staging consultation — like the one Rector did for Lenac — the stager
provides a list of do-it-yourself suggestions. Stagers also can come in and
actually do the staging for the homeowner, said Rohlfing, of Sedona Interiors and Home Staging.

Rohlfing said when she does a staging, she visualizes how the space can best be presented and then implements a plan that can range from reorganizing furniture and adding a few accessories and splashes of color to bringing in all-new furniture from her inventory.

The price tag for staging a house can range from $50 to $100 for a consultation to a few thousand dollars or more if the stager brings in all-new furniture and accessories.

rtstclair@post-dispatch.com | 314-340-8206

So....if I read this right, $14,000 went to the real estate salesman for putting a sign in the yard....and $50 went to the stager who actually sold the property.

Sounds fair to me.

[nwagner]

If this supposedly effective professional service is quick and inexpensive enough to sell for only $50 to $100, you'd think the realtors would simply learn it themselves and integrate it into their listing protocol ...

[Nick Gromicko]

Here: www.nachi.org/sellyourhome save the $50.

[Nick Gromicko]

Staging is such B.S. IMHO. If you want to sell a home fast... www.MoveInCertified.com is the way to go and a home inspection is not very expensive to have done.

[Troy Farmer]

Yes, I inspected for a builder last week it looked great, I asked him if he stages all his homes and he said no, but I'm going to start now. He said that he had 10 homes in the same sub division none staged, so he decided to stage one home, after having the staged home on the market for 2 weeks he got an offer and excepted he is now convinced that staging is the way to go. He adds that in this tough real estate market you need to due whatever it takes to sell the home. Some Realtors add that when nothing is in the house it feels so cold. This is from personal experience too.

[James H. Bushart]

I wonder if staging includes a complete disclosure of all known defects typed on linen stationary in an elegant font.

[nwagner]

Originally Posted by gromicko

Here: www.nachi.org/sellyourhome save the $50.

Combining that with an MIC would go a hell of a lot longer than "professional staging". All it takes is a buyer's "tough" home inspector to drive that "inviting" property's price way down or outright kill a contract to purchase. The booklet pretty much tells you what the "professional" will and we all know the benefits to the inspection. Hold on to your 50 bucks indeed!