Barb Schwarz – Home Staging – New Book

I just orded a couple of copies of Barb Schwarz new book:
Home Staging: The Winning Way to Sell Your House for More Money

I am an Accredited Staging Professional (ASP) and am so glad that I took the course when I did, as I was very lucky to have Barb Schwarz as the teacher. I’m sure, now that Barb and HomeStaging.com is so nationally famous, that many ASPs are being taught by other people. I’m sure that’s great too, but I am glad to have had Barb as my teacher.

Here’s what Barb Schwarz had to say about her new book:

“Staging is a system used to prepare homes for sale. It is proven to help properties sell faster and for more money. Staging is not redecorating; rather it is a series of researched and proven techniques developed by the author to make a home appeal more to a buyer rather than its current owner. Like a personal makeover, Staging plays up a home’s strong points and minimizes its weaknesses. This book will offer clear directions for home sellers to utilize such as evaluating a home’s interior and exterior appearance, assessing the home against a nine-page checklist of pre-set Staging guidelines, and utilizing proven techniques to Stage for maximize sales appeal.”

I will report back on whether or not Barb Schwarz’ new book has anything new to say about Staging Your Home, after I read it.

Housing assistance for the middle class on the eastside

I have a client who has been searching for a condominium for 6-months. Typical problem — what he likes, he can’t afford — what he can afford, he doesn’t like. We even looked down at Othello Station and thought we might find something there. They had several units set aside for low income families to purchase. Here the problem was he made too much to qualify for the set-aside units but not enough to buy the market rate units. What’s a person to do?

Well, we found the answer. Last week we had offer and acceptance on a really nice 2 bedroom / 2 bath unit at Frazer Court in Redmond. How did he do it? There is a great program setup between King County and several eastside cities to preserve and increase the supply of housing for low and moderate income households in East King County.

This program is called ARCH (A Regional Coalition for Housing) and has several below market rate duplexes, condominiums and town homes located in various developments in East King County. During the initial marketing period, maximum income levels are established for buyers. Typically, each development will establish a maximum income for buyers somewhere between 80% and 100% of median income. In addition, maximum income guidelines are often adjusted for both household and unit size.

Finally – a program that helps out the buyer caught in the middle income bracket. Check it out at www.archhousing.org.

Happy Valentine's Day

kim I’m feeling a little guilty that I have not participated in the “Romancing the Home” theme as requested by Dustin.

My Valentine is Kim Harris. I do not need to ask him to be my Valentine as I know every minute of every day that he loves me with all of his heart. For those of you who think he looks familiar, prior to being in Real Estate, he was the founder and long time owner of Easy Street Records, a Seattle mainstay. The two remaining stores in West Seattle and Queen Anne currently owned by his stepson, Matt. He also “founded” Queensryche from some Redmond High School kids who hung out at this store on Bel-Red Road and managed bands for many years including Econoline Crush popular in Canada.

My “home” is in his heart.

Real Estate Photography — Camera Choice

(Editor’s note: In striving to mix things up a bit here on Rain City Guide, I’m excited to introduce Mark Reibman as the newest contributor. Mark is a Seattle-based real estate photographer who has agreed to post advice directed at improving the state of real estate photography. His first post is geared toward real estate agents, but the advice he gives could be useful for anyone interested in taking better photographs (and who isn’t?). To see more of Mark’s photos, check out his website at Blue Light Imaging or email mark@bluelightimaging.com

How important to you are great photographic images for marketing your listings? Are ‘okay’, somewhat blurred or dark images acceptable to you? Would you like to take better images of your real estate listing? Over the past few years we have seen the dramatic changes the digital age has brought to the Real Estate industry. With this recent technology, a real estate listing can be photographed, images transferred to a web page on the internet, and flyers printed all within hours. Today’s listings are almost immediately available to other real estate agents and buyers anywhere in the world who have access to a computer. With the increasing use of high speed internet connections, the internet is fast becoming a critical marketing media. The value of great looking images as a marketing tool should not be underestimated. Whether it’s a low end ‘fixer’ or a multi-million dollar luxury home, great images are important and are going to help sell your listings.

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The intended purpose of this article and future articles is to provide advice and general interior/exterior photography tips for the realtor who would like to take better pictures and improve their marketing presentation. The topics to be covered will include: Camera choice, required and optional accessories, photographic techniques and tips for taking good images and post processing of images with image editing software.

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A good quality digital point and shoot camera with a hot shoe attachment will do the job, but most important, it must be wide angle or accept a wide angle teleconvertor. A camera with a 24mm lens is minimum for photographing interiors. There are a few cameras like the Nikon Coolpix 8400 that have lenses that are sufficiently wide angle (24mm). But most point and shoot cameras are too narrow for real estate interiors so the alternative is to choose a camera that can offer the wide angle option with the purchase of a separate wide angle tele-convertor. Converters adapt to the camera lens to extend it’s wide angle range to at least 24mm or less. In addition to having the capacity to accept a wide angle convertor, a hot shoe attachment is a must in your camera choice. This feature will allow you to use an external flash attachment because the camera’s on board flash is going to be too weak to be a any value when the use of a flash is desired.

And although shooting with available light is an option, in many cases an external flash will be very helpful to deal with the tricky lighting situations you will encounter. The cameras that I prefer are principally the Canon powershots (G series, Pro 1) or the Nikon Coolpix line. You can inquire at a camera store about these cameras or shop for them online. Another option would be to go the ebay route and pick up a used camera. As an example, an ancient (two year old) model Canon Powershot G3 with a wide angle teleconvertor is going to be much more reasonably priced than the current Powershots. Going the eBay route can produce some great deals but requires a certain knowledge and time to play the game. A new Powershot G6 or Pro 1 would be a great choice as well. I’m not as familiar with the Nikon line of cameras but there are some excellent cameras among the higher end NIkon Coolpix cameras. These are my suggestions for cameras but a knowledgeable salesperson at a camera store such as Glazer’s Camera, Kenmore Camera or any one of the Ritz camera stores, can offer you a lot more advice and guidance than I can in this article. Also ask about the availability and price of the tele-convertor and an external flash when shopping for a good camera. There are certainly other excellent choices from other camera makers, Sony, Kodak, Konica, and either you can research these yourself via the internet or at your local camera store. I should add that although I’m suggesting digital cameras, film cameras with the wide angle capability and external flash attachments will work just fine if the film is scanned to a CD when it is developed. It’s simply not as convenient as a digital camera and also lacks the option of on-site review which is a huge advantage of the digital cameras.

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A decent tripod is next on the list of necessary tools. Because the camera shutters speeds are much slower when shooting interior photography, your images will be blurred without the use of a tripod. It should be reasonably sturdy and come up to your eye level. If your camera does not include a remote, buy one. This would be an item to inquire about before a camera purchase. Does it accept a remote? I use one that attaches via a wire and there are also wireless remotes. You can do without a remote and use the time delay on the the shutter but a remote is so much more convenient.

And as mentioned above, an external flash is going to be necessary in many situations where there is simply not enough light and/or high contrast lighting, so finding the proper external flash for your camera should be part of your research.

A step above the moderately priced point and shoot cameras are the digital SLRs. These are cameras that allow for interchangeable lenses. This can get expensive and probably beyond the needs of most real estate agents. A basic dSLR like the Canon xt or Nikon D70 with a good quality wide angle lens and external flash and tripod will entail an outlay of close to $2000. Definitely not something everyone will run out to purchase, but it is an option for those who are so inclined. And, of course, you can spend a lot more.

In future articles I will give some advice on working with the variations in lighting, image editing software tips, composition ideas and more.

I would be happy to answer any questions related to Real Estate Photography. Keep in mind that the preceding suggestions are some general guidelines for real estate photography and there is no single best way for shooting interior images. I continue to learn and refine my own process. Practice and experiment on your own home and/or at a friends home and see what works best for you.

Romancing Ballard

Before being interrupted, the contributors of Rain City Guide were having a nice little series on Romacing Our Homes. Seeing how tomorrow is Valentine’s Day, I thought I’d sum up things and add one more article on my neighborhood! So what type of romance did rain city guide contributor’s share?

On to Ballard…

ballard rr crossing

Anna and I simply love living in Ballard. We’ve both lived in different parts of the country (and the world!), but we’ve never lived in a place quite like Ballard. It offers a great mix of urban features (walkable neighborhoods with lots of coffeeshops, bakeries, art houses, farmer’s markets, etc.) without feeling too urban. For a relatively young family, it offered us a wonderful opportunity to own a home with a big yard and great neighbors! Thank you Ballard!

In addition to the year-round Farmer’s market in Downtown, Ballard hosts three festivals that are a lot of fun:

If you’re looking for more on Ballard, check out the post I wrote last march on the Ballard Community as well as this post Anna put together on the history of Golden Gardens! (Interesting stuff!)

Dear Mr. Barton,

As you may or may not know, I emailed you guys a couple of weeks before you unveiled your product to suggest that you consult at least one real estate expert, before going public. I further suggested that since I have sold real estate in five states from coast to coast, that I might be able to help you tweak your product before its unveiling. I feel very badly that some are poking fun at your great real estate adventure, by coining the phrase “You’ve been ZILLOWED!”

Here are a couple of tips for you, (or for Dustin and Galen and Robbie) If you modify your application of data according to these guidelines, you will likely increase the reliability of your online Zestimate by as much as 50%.

Seattle area: Yes, you can value property fairly accurately using the tax data in the Seattle area. But the first step is to determine the appropriate factor. Many will value out at between 1.2 and 1.4 times the assessed value. Hot areas, like downtown Kirkland or parts of Queen Anne, etc will value at 1.5 to 1.6 times assessed value. Don’t take the comps out too far, keep your radius small. Stay as close to the subject property as possible and STOP when you have 5-8 comps after throwing out the High and the Low. DON’T average the sale price of the comps one to another to determine the value of the subject property. DON’T use price per square foot as a guide. Take each sale price and divide by THAT SAME PROPERTY’S assessed value to come up with the factor. If all of the properties in that neighborhood sold at 1.44 times assessed value, then your ZESTIMATE should be 1.44 times the assessed value of the subject property. You can average the factor, but not the price. Then use a range. Chuck the high and the low, the way I learned in grade school from the good Catholic sisters who taught me well.

Example: Data equals 1.8, 1.4, 1.42, 1.43, 1.44, 1.44, 1.45, 1.47, 1.1

Throw out 1.8 and 1.1. as the high is a massive remodel and the low is a fixer. Factor becomes 1.4357142. Assessed value of subject property is $313,000. Zestimate is $449,378.54 or between $438,200 and $460,110.

When inputting tax data, do not overlook the “effective year built”. Currently your program is not noticing that very important date, and reverting to the original year built, throwing the numbers way off on 80% remodels. You can use the 1.8 and 1.1 in the sample above by saying “Your home is valued at between $438,200 and $460,110. If you have just remodeled the interior, the price might be as high as $563,400 (1.8 X $313,000). If it is a fixer it may be as low as $344,300 (1.1 X $313,000).

For Seattle area, always use the assessed value of the subject property against the neighborhood factor.

Briefly, for Los Angeles beach areas: DO use price per square foot, as by and large that area does not have underground basements and the tax assessment increases to sale price every time a property sells (unlike Seattle and many other areas)

Florida: Do use price per square foot and keep the comps apples to apples. Watch the lakes. Price properties on lakes against other property on the lake and interior against interior. You are already OK in FL for the most part, so you can leave that alone.

PA, NJ and most of the Northeast of the country, keep the radius short and use price per square foot. Then find and apply the neighborhood factor and average the two answers.

Hope that helps you, Mr. Barton. Or maybe it will help Robbie and Galen come up with their own “Better than Zillow!”

Have a great sunny day in Seattle!