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Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts
Sunday, April 21, 2013
Earn Quick Money: Cleaning/Staging Homes
Do you watch HGTV and DIY Network 12 hours a day?
Do you love to clean and decorate living spaces?
Do you hang out at Lowe's and HomeDepot?
Do you have Real Estate Agent/Broker friends?
Why not combine these things and create quick money staging and cleaning houses for sale?
The most successful Home Stagers know that the goal is to de-personalize a property so that visitors can envision themselves "living" there - yet, at the same time, make the home attractive, clean and homey. A seemly impossible task. But it's done all the time by professionals that love to rearrange furnishings and household items to make the best impression -- people like you.
Your eye for design. Your professional assessment. Your creative & decorative touch can earn the seller thousands of dollars more and speed up the selling process for a home on the market. This is important work! Do you realize that for $100 spent to stage a home, the home seller/real estate agent can realize $7,000 more on the asking price of the home? That's a pretty nice return! And you can make that happen.
So, what do Home Stagers do exactly?
1. They clean the property or supervise the cleaning of a property
2. They make sure that the property appeals to all the senses (sight, smell, touch, sound)
for the visitor and/or would-be-buyers
3. They know the proper place to put furniture for better sight-lines, traffic flow and profit gain for the seller and real estate agent.
4. Curb appeal and landscaping that draws the visitors and would-be buyer into the property.
5. Eliminating clutter and de-personalizing the home to make it more appealing to the buyer.
7 Things you need to do to begin making money as a "home stager"
1. Read everything!
Read every article you can find on "Rules for Staging Homes", study the books and articles almost religiously. You know you love having the excuse to dig deep into the topic of home improvement and home design -- so enjoy it. You now have a viable excuse to spend hours and hours on the topic.
He's so resources to get you started:
Wiki-How's: How to Start a Home Staging Business
http://www.wikihow.com/Start-a-Home-Staging-Business
21 Staging Tips for Selling Your Home Fast
http://www.foxnews.com/leisure/2012/07/29/21-staging-tips-for-selling-your-home-fast/
Staging Diva's Free Course - 12 Tips for a Successful Home Staging Business
http://www.stagingdiva.com/free-12-tips-staging-course.html (Course)
About.com - Staging Homes for Sale - The Basics
http://realestate.about.com/od/servingsellers/a/01_home_staging.htm
2. Show them what you can do!
Put together a portfolio of homes you staged. How do you get a portfolio set up, easy. Ask your friends and relatives if you can borrow some of their rooms for a weekend, stage their room. Take before and after photos. Have those friends write a testimonial up for you. Now you have a portfolio of work!
3. Put your portfolio online.
Quick tip: You don't have to create a website. Social media sites are wonderful! You can use Pinterest or Facebook to feature your work. Easy, quick and free!
For an example of a portolio of before and after staging shots check out: http://pinterest.com/sharepin/staging-homes-for-sale/
4. Talk to the pros
Talk to other Home Stagers and Real Estate Agents outside of your area. Talk to them about the best practices of the business, rates that they've charged, marketing tips, etc. There is nothing like good advice to really springboard your business.
5. Order business cards
Make sure your business card design reflects what you can do for your client -- keep them simple, clean, appealing but elegant and modern. You can get professional business cards for $20 bucks.
6. Get business/Talk to your contacts
Talk to your real estate friends, family and acquaintances letting them know that you are available to help them. These will be your first clients. Talk up your expertise, let them know you can help them make more profits.
7. Get even more business.
Go to open houses and place your business card there when you encounter an empty house that needs staging. Talk to the Real Estate Agent (if they are not talking to potential buyers).
Understand that this little side-line business can develop into a full-fledged business that would require much more investment of time and resources. I would suggest that if this is the type of work you would like to do full-time that you should research the possibility to developing a full-fledged business plan and develop this idea into something bigger.
What should you charge?
Most Home Stagers do their work beginning in the range of $50 an hour. Many also provide cleaning service as well. When people discuss your rate, understand that for $100 you are charging a client in home staging improvements, they will/can realize $7,000 or more on the selling price.
You may wish to read this book.
Book: Home Staging for Profit by Barbara Jennings
PERSPECTIVE: The quick money series on Telecommuting Millionaire? is to help you find funding so you can take your first steps to following your dreams. After you read a few of my Quick Money articles, you will realize that Money is Everywhere. Don't use these quick money ideas, unless you understand that you are using these ideas . . . not to pay off debt, not for extra salary, not for "fun money" . . . but as a stepping stone to financing the first steps of your dreams. Dog-gone it, we are going to gain our financial freedom together! Read: Money is Everywhere to get the proper perspective.
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Sunday, February 24, 2013
Let's revisit the REDC Auction/Foreclosure Issue: Is it still a scam?
So, I noticed the remaining interest in the topic of REDC Real Estate Auctions since my last blog post about this topic. For those of you who don't know, REDC is the company that runs Auction.com. I read the fine print on how they ran their auctions several years ago. My thoughts on their services are here in my article: REDC Foreclosures almost got me!
Okay, so after 3 years of auctions and people complaining about how REDC conducts their auctions, there have been new developments. It seems that REDC has expanded and in 2012 they introduced Short Sales and Luxury Homes within their offerings. They also introduced auctions that you can participate in solely online so you do not have to go to the live event.
I think it became clear from my article that this auction event is a marketing gimmick for the largest banks in the country to unload the immense inventory from the housing bubble that turned into the housing crisis. Now, notice I said it was a "marketing gimmick or the big banks." I have realized through several accounts of people who have successfully purchased property through REDC and Auction.com, that this whole scheme was a way for big banks to take out the commission they would have to pay Real Estate Brokers and Agents.
Let me explain. In the past, when large amounts of houses were foreclosed upon, there was an old REO System where the bank would now "own" the house and they would commission a Real Estate Agency to sell the properties. With each sell of a property, the bank then owed the Real Estate Agency a commission. But as you will see later in this article, REDC and their infamous "auctions" are trying to do away with those pesky commission to Real Estate Agents/Brokers -- and keep all that money for themselves.
I completely realized this when I read a great account of a Real Estate Agent that helped clients successfully navigate through the confusing steps and regulations of a REDC auction. Her full account of the situation is outline on her blog Cyndi Mino's Real Estate and Happenings in Huntington Beach.
But when I read this in one of her posts:
Oh, and yes, I did get some commission out of this whole thing – a whopping 1%, but wait, I didn’t actually get the 1% because of some stupid fees that the auction company kept and then my broker gets his split. Yes, we agents do not get to keep all this commission that you think we all get. We have to split it with both agents and then both of our brokerages get their splits too – Whoo hoooo, by the time I get my check, I might be able to pay my cell phone and gas bill for all the expenses run up from this sale.
I realized what the big banks were doing. Do you see it yet?
You see, the new advice going around on the Internet is that these auctions are totally doable for the average person if they have some help from knowledgeable people with real estate experience -- in other words . . . real estate agents. It seems that people that have that type of expertise on their side (Real Estate Agent as Consultant) have a better experience with REDC Auctions.
It's a curious thing. In the traditional REO selling environment the Real Estate Agent was paid by the big bank wanting to get rid of its property quickly and for the best possible price. In this new real estate process or scenario, the Real Estate Agent is commissioned by the buyer and gets whatever is left over as commission . . . in my estimate the 1% that Cyndi Mino talked about.
This is an interesting development don't you think?
So, it seems that these auctions can be successfully won, with a little professional help. And that professional help gets paid "chump change" for all their hard work, when in the past they would have been paid well for their expertise.
My only question is: Did you think we were stupid REDC and won't figure out what you are doing?
Yet another unfair process by the big banks. It feels like the burden of everything now is on the "average guy." What do you think, my family?
Read more about REDC Auctions and Real Estate Agents here:
How to Buy a REDC Auction.com Home Successfully
Is REDC Auction a Scam?
The Evolution of an REDC Auction Deal
Anyone has experience with REDC? (Trulia)

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Written by
Telemill
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3:25 PM
Found in
Auctions,
Foreclosure,
Housing Bubble,
Real Estate,
REDC
Thursday, April 5, 2007
The Impossible Dream - Buy a House Outright
Buy a house outright (no mortgage):
(Put your eyeballs back in their sockets! Dog gone it!)
My logic: I watch the housing market constantly – it’s one of my morose hobbies. Currently, house prices are going down. The last 3 years, house prices skyrocketed to nosebleed levels. I don’t want to be part of that game.
I want the house that my family will be comfortable in, with all the room we need inside and outside (I don’t care about tax write-offs, we’ll talk about that later). And with my cool income from my first goal ($100,000 minimum in interest annually) taxes and maintenance are no problem at all!
Anyway, if I make the type of money I’m talking about with this website/blog, then AMT (the tax rule from Satan) will kick in and that house deduction is a mute topic anyway.
In other words, I want the FREEDOM to live in a house without a mortgage or debt.
Like this article? Then you will probably like these articles too:
- The Impossible Dream: $2 million Net Worth
- The Impossible Dream: Retirement, College & Debtlessness
- Two Million Dollars? Don't Make Me Laugh!
- The Secret to Becoming Rich
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