The 70% Rule The 70 percent rule states that an investor should pay 70 percent of the After Repair Value (ARV)of a property minus the repairs needed. If a home’s ARV is $150,000 and it needs $25,000 in repairs, then the 70 percent rule states an investor should pay $80,000 for the home. $150,000 x [...]
Premiere Stagers & Realty received a phone call from a condo owner asking about my staging services for her property that had been on the market for 52 days. I viewed the condo with her realtor later that day. The realtor told me he had never used a home stager nor recommended a home [...]
What is an Ice Dam? An ice dam is a ridge of ice that forms at the edge of a roof and prevents melting snow (water) from draining off the roof. The water that backs up behind the dam can leak into a home and cause damage to walls, ceilings, insulation, and other areas. While frozen, the snow and ice [...]
Sometimes it takes time away from the usual to see the unusual. On a recent cruise (Royal Caribbean's Oasis of the Seas), I was struck by the beauty of the ship. American architect Louis Sullivan (1856-1924) coined the phrase form follows function. This means that the purpose of a building (or object) should be the [...]
Something Missing I thought I brought the right wall art for this recent vacant staging. But when viewing the room from the front entryway, I noticed it needed something more. I did bring another piece of art to hang, but felt it competed with the larger art over the sofa. The room didn't feel [...]
Spring Staging Season Here in Madison, WI, a fair amount of snow remains over a layer of ice. It has been bitterly cold, in fact today we broke a record low temperature. This makes buying or selling a house especially difficult. Very few people will venture out looking at homes when the sidewalks aren't [...]
Adult Enrichment Class I teach a two-session enrichment class called "Home Staging to Sell," at a local community college (Madison College) three times per year. In just about every class, I get an inquiry about how to become a home stager. I definitely recommend getting certified through Home Staging Resource (HSR). Choosing paint [...]
Taken From: "5 Immutable Laws of Real Estate," by Jay Thompson (Inman 2/13/19) There are various truths among society, e.g., Murphy's Law, Newton's Laws of Motion, Law of Supply and Demand. There are also some tenets real estate agents are especially keen to. First law of real estate: It doesn’t matter what the neighbors’ [...]
What Questions to Ask So, you decided to hire a professional home stager. These are some questions to consider: Are you accredited What is your experience; do you have references What are your statistics - (Days on the Market after staging) What is the charge for an occupied staging and what is the process [...]
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