How to Showcase Each Room of Your House for an Online Listing

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Staging a home for sale can be a daunting task. In most cases, it requires a significant amount of time and resources. At the end of the day, staging is about making a home as favorable to the highest number of home buyers possible. Even a few minor changes can make a big difference when it comes time to list your home. Here are some tips on how to stage each room of your home for an online listing.

Living room

You want your living room to appear to be a calm and relaxing living space. Because homeowners spend a large percentage of their time, you want to capture the right angles so they can see that it is a comfortable living space.

Bedrooms

Similar to your living rooms, your bedrooms should be cozy spaces that feature a few features of furniture (beds, nightstand, bureau, and lighting fixtures). As is the case for all other rooms of your house, you want to keep furniture and accessories to a minimum. The more items that you have in a room, the smaller and more crowded it will appear.

Kitchen

Your kitchen is arguably the biggest selling point of a home. Buyers today are looking for modern kitchens that have an inviting feel to them. Clear off countertops with everything but the essentials so showcase the functional counter space. You want your buyers to envision themselves cooking in your kitchen.

Bathrooms

Your bathrooms should have ample lighting and be cleaned spotlessly. Nothing will turn off buyers faster than dirty bathrooms.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.