Inside New York City Real Estate November 2009

Inside This Edition

Mortgage Matters by Adam Turkewitz, Wells Fargo

Showings On Saturday?

Advertising Review

Stager's Corner, Debbie Oulvey – ASID, CSP, RESA
Amazing Space NYC LLC

Stager's Corner

With the advent of tv shows Open House LXTV, Designed to Sell, The Stagers, we present a viewpoint from a Manahattan based Real Estate Stager, Debbie Oulvey, to address sellers' queries and questions for today and the future.

Debbie Oulvey, creator of Amazing Space NYC LLC, brings an Interior Design and a business background to her Real Estate Staging business. A member of ASID (American Society of Interior Designers), CSP (Certified Staging Professionals) and RESA (Real Estate Stager Association), Debbie has the ability to successfully accentuate the attributes of a room or create a focal point using color or accent pieces. Whether vacant, furnished or owner occupied, Debbie can transform a space into a picture-perfect, buyer-friendly property that offers a significant increase in marketability. Her ability to design eye-catching model apartments that cater to the lifestyle of a development’s target buying audience has earned her the respect (and repeat business) of well known real estate developers and business development brokers.

Debbie Oulvey – ASID, CSP, RESA
Amazing Space NYC LLC
www.amazingspacenyc.com
917.428.3965



STATISTICS:

· U.S. Housing and Urban Development reported that a Staged home will sell, on average, 17% higher than an un-staged home.

· Only 10% of the Buyers can visualize the real potential of a property (Home Staging Resource 2005-2009)

· Leaving a property in “as is” condition will actually help sell the competition (Home Staging Resource 2005-2009)

· According to a May 2008 RESA study: Vacant, unstaged homes remain on the market 120 days versus 26 days for similar properties that were Staged.

· According to a May 2008 RESA study: Furnished, unstaged homes were on the market for 102 days versus 45 days for similar properties that were Staged.

· 84% of buyers use websites to research properties before even contacting a broker or agent.

· According to RIS Media, 91% of the people surveyed believe Staging makes a difference when selling a home.

· In a national survey, 63% of buyers said they would pay MORE for a home that was in move-in condition.

SIMPLE STAGING TIPS from Amazing Space NYC LLC:

1. Show each room with ONE purpose. A dining-home office area translates to “not enough space” to a buyer.

2. Eliminate pet and cooking odors.

3. Pack up unnecessary items and furniture before you show the property. Stagers recommend packing and removing at least 50 per cent of the items in closets and on shelves.

4. Storage space sells; eliminate excess clutter and organize the storage areas.

5. You only get one chance to make a first impression: Make sure Buyers are greeted by an entrance you want them to remember.

What is the biggest misconception about Real Estate Staging? It is considered an expense rather than an investment and part of the overall marketing effort. A certified, Real Estate Staging professional will highlight the property’s attributes, neutralize its décor and strategically place color or accents that will draw the Buyer into the space and throughout the property. A Staged property is a powerful presentation in web pictures, brochures and in person. By investing in professional Staging, a property’s value increases as Buyers are able to see what they are really buying, understand how to use the space and ultimately move right in.

Whether a detailed assessment or a full Staging, Amazing Space NYC will design and execute a plan based on the property’s target audience, the price point, and the lifestyles of the potential buyers. The end result is a picture-perfect, buyer-ready marketable product.