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The Property Staging Debate: Should You Do It & How Much?

5/19/2017

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The Property Staging Debate: Should You Do It & How Much?
Should you stage your property to help it sell faster, and for more money?
The big staging debate has been going on for a while. Some don’t see the rewards. Others wouldn’t dream of marketing a property unless they’ve staged it. So, do the numbers really work? How much staging should you do?

Staging By The Numbers
Virtually all builders have a model. Pre-construction condos will almost invariably be presented with materials showing staged and furnished units.
When it comes to residential homes:
  • Staged homes sell 90% faster (Real Estate Staging Association)
  • 95% of Buyers’ Agents say staging has an impact (Home Staging Resources)
  • 12% of agents believe staging can boost home value by 11-20%
Look around today and you’ll find many sellers staging. You’ll want to keep up and have a good product that competes too.

3 Levels of Property Staging
There are a variety of levels of staging depending on your budget, how you are selling, and what the market demands. This can generally be broken down into three main categories.
  1. Virtual staging
  2. Preparing a clean slate
  3. Comprehensive staging
For example; you may just wish to provide the technology tools for potential buyers to see what the space could look like. Or you could clean the place out so that buyers can best visualize their own look. Or you may hire a professional service to stage everything from the landscaping to the furniture, and flowers.

Investing in Staging
Staging costs can vary from a couple hundred dollars for virtual staging and renderings to bringing in furniture and appliances, to giving the property a complete makeover for six figures.
However, you do want to be sure you are going to generate a positive return on your investment. You may not find that using the most luxurious service, if the property doesn’t warrant it. Perhaps you just want to stage one model unit in a multifamily for the best return. Or some investors may buy the furniture and include it in the sales price, or resell it afterward. Often at a profit. Those on a tighter budget may just rent the furniture and staging materials until a contract is signed.

Summary
Staging can help. Check out what you need to compete and stand out. Do the numbers, and get an expert second opinion to back up your assumptions. 
For help and advice on the staging debate and finding the right level of staging for your property contact us. We’re experienced in selling homes, apartment buildings, new construction, redevelopments, and everything in between.


Get Your Property value Now
Get an instant estimate today to find out how much your property Is worth for FREE!
www.BrooklynPropertyValuation.com
 

The #1 Brooklyn real estate team is standing by to help you with your next real estate move. Contact The Ratner Team for a no obligation free home value report, ask about our record setting real 
estate sales service, and find out about the best new property listings we have coming to market.

Get More Stats @ www.NewYorkMarketReports.com
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4 Ways To Avoid Taxes When Selling Your Property

5/14/2017

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4 Ways To Avoid Taxes When Selling Your Property
There are great gains to be found in real estate. Sometimes those gains can also trigger big tax bills. How do you retain more of what you make, and minimize what Uncle Sam takes out of your pocket?
While taxes can be steep and complicated, there are numerous exemptions for legally avoiding unnecessary taxation. The government has not only created these for you, but expects you to take full advantage of them. If you don’t, you are just throwing away what you’ve made. 
Here are four ways to help minimize that…

Self-Directed IRAs
Contributing to, and investing through self-directed retirement accounts can help defer taxes and even secure tax free gains.

1031 Exchanges
These powerful tax deferring vehicles can help investors make the most of opportunities, without the harsh financial penalties. They are also far more flexible than most realize. Find out more about them here.

Donate
New legal changes have increased the amount that investors can give to charitable organizations and deduct. Real estate owners may also find they can begin passing on more of their estate to heirs early through gifts and various holding structures earlier too. Learn more about Wills, Trusts & Estate Planning here.
​

Better Accounting & Tax Planning
Most individuals and families can fare far better at tax time with a better accountant, and forward thinking tax planning which maximizes deductions each year. With a good plan you’ll be reducing your tax burden right from January 1st each year, and have the documentation to offset any gain you make.

Get Your Property value Now
Get an instant estimate today to find out how much your property Is worth for FREE!
www.BrooklynPropertyValuation.com
 
The #1 Brooklyn real estate team is standing by to help you with your next real estate move. Contact The Ratner Team for a no obligation free home value report, ask about our record setting real 
estate sales service, and find out about the best new property listings we have coming to market.

Get More Stats @ www.NewYorkMarketReports.com
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Selling Your Property With Tenants

5/2/2017

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Showing a Property with Tenants
Are you trying to sell a property which has tenants? What’s the best way to navigate the situation? How do you handle showings?
Most property owners aren’t familiar with the best practices for showing homes and apartments for sale. It can get even trickier when there are tenants occupying units. How do you deal with it?

Who Should Show the Property
Data shows that the property owner isn’t the best person to show a property to prospective buyers. There are just too many emotional factors involved to be conducive to a sale and receiving the best offer. Tenants certainly shouldn’t be showing it either.There are too many conflicts of interest involved. If you are not using a real estate agent; make sure you have a third party there you can trust. Make sure they are hyper-vigilant about protecting tenant’s property and privacy too.

Working with, and around Tenants
Then there are the simple logistics of showing a property that has tenants which can be challenging. You need to be able to show your units. You have the right to. Just make sure you give renters proper legal notices. You also don’t want to scare your tenants off. You don’t want them to leave and devalue your property or interrupt your income. So be transparent with them and set clear expectations. Let them know how secure they are with their lease and being able to stay. And how it is in their best interests to help.



Get Your Property value Now
Get an instant estimate today to find out how much your property Is worth for FREE!
www.BrooklynPropertyValuation.com
 
The #1 Brooklyn real estate team is standing by to help you with your next real estate move. Contact The Ratner Team for a no obligation free home value report, ask about our record setting real 
estate sales service, and find out about the best new property listings we have coming to market.

Get More Stats @ www.NewYorkMarketReports.com
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    Nate Pfaff
    ​Tim Houghten
    ​David Ratner
     

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"Dave was very knowledgeable and helpful. He had a few options for me and was very understanding about what exactly I was looking for, he didn't waste my time on showing me apartments that didn't match my criteria. He was always available and extremely professional which isn't always the case in New York as we know. I'm very thankful to Dave for helping me find my new home! And I recommend him to all of my friends who are looking for a new apartment."



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  • Home
  • PODCAST
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    • eBOOKS
  • MARKET REPORTS
    • NEW DEVELOPMENT REPORTS
    • MARKET REPORTS ARCHIVE
  • PREFERRED VENDORS
  • THE TEAM
    • EVENTS
  • CLOSED TRANSACTIONS
    • CLOSING COST
    • REVIEWS
    • EXCLUSIVES >
      • EXCLUSIVE RENTAL BUIDLINGS
  • IN THE NEWS
    • GIVING BACK
    • NEIGHBORHOODS >
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