In ONE WEEK Pro-Stagers and Realtors will descend on Denver to SOAR! You still have time to register! Flights are inexpensive, our special priced hotel block has been extended and we are ready to host this amazing conference to educate, motivate, and inspire you to new heights of success! Don’t miss out! You know you need the boost and we want you here!
American Businessman James Cash Penney, founder of JC Penney, used to say: “growth is never by chance; it is the result of forces working together”. Quotes like this inspire many successful businesses worldwide, including the IAHSP® – International Association of Home Staging Professionals®.
As an institution, the IAHSP® have implemented the semantics of this quote as the driving force for continuously raising its standards, pushing the Home Staging industry forward worldwide.
Being the largest and longest running Home Staging Industry Trade Association with thousands of members worldwide since 1999, the IAHSP® believes that excellence in education and high professional standards are paramount for the success of Home Staging as an activity, and it has spared no efforts to promote exactly that.
The Association is now ready for its next important step which will benefit the industry as a whole in all corners of the world.
With a global expansion in mind, which allows the IAHSP® to promote the activity and to support stagers around the world, Paloma Harrington-Griffin, the VP of IAHSP®Europe, is joining IAHSP®’s international team as the Global Operations Director.
Paloma will share her expertise and assist with the Association’s global network, making sure all opportunities to strengthen our activity are seized in all territories, building momentum and allowing the representation of Home Staging to expand and grow.
About Paloma Harrington-Griffin and the role
Paloma Harrington- Griffin is an award-winning ASP® Accredited Home Staging Professional, Expert Interior Stylist and Luxury Staging Specialist.
With knowledge and experience within Home Staging, Paloma is the Vice President of the IAHSP®Europe, the Founder of the Home Staging Association UK & Ireland, and Co-Founder of the first Brazilian Home Staging Hub and School, Núcleo de Home Staging.
An entrepreneur at heart, she believes in empowering people through knowledge, education and support. This means that seamlessly, fulfilling the role of assisting with worldwide associations and members, the IAHSP® plan is also fulfilled.
IAHSP®’s new venture focuses on reaching out to new members globally, keeping up the high standards regarding educational and professional opportunities on an international level, and guiding Home Staging institutions into success.
The role entails expanding, networking and supporting in unity to build a united global foundation to increase engagement levels, making the Home Staging Industry the best we have seen yet.
Please help us by donating to the IAHSP Foundation that funds Worldwide Staging Service Week. The IAHSP Foundation is a 501(c)(3), your donation is 100% tax deductible. Any amount is appreciated.
In the past, we have done fundraising at our conference, and this year we are getting a jump start so projects that are taking place in September (prior to our conference) will have needed funds. WWSSW – Worldwide Staging Service Week – is all about giving back to the communities in which we work and helping those less fortunate or in need.
Since 2005, WWSSW projects have helped many entities and families in need. From Ronald McDonald Houses to Salvation Army Homeless Shelters to battered women’s shelters to foster care facilities, individuals in need, pet shelters, senior centers, VA centers, fire stations, immigrant families, and more – our talented association members around the world give of their time, creativity and passion to help others.
Please click on the link below to donate and SHARE with others. Thank you in advance for your support!
Decorated with honors such as Innovator of the Year, five consecutive Best of Home Staging Awards, multiple individual awards for her staging work, and the only two-time winner of the Staging Award of Excellence, to say that Jennie Norris lives and breathes the art and science of home staging would be an accurate statement about a woman who has had her hands in over 5,700 staged properties and dedicated 20 years of her life as a preeminent authority in field. She is a changemaker, a torchbearer, and a champion of the industry. Recognized as one of the Top 100 Most Influential People in the Home Staging Industry, Jennie is an international expert and speaker on the subject and the author of the go-to sourcebook for anyone working in the field: Marketing Made Simple – A Guide for the Home Staging Industry. She is an Accredited Staging Professional Master® (ASPM®) Stager trained by none other the Creator of Home Staging®, Barb Schwarz, and part of the elite group of professional home stagers to have earned the rare double certification of ASP® and ASP® Master.
As chairwoman of the International Association of Home Staging Professionals® (IAHSP®), Jennie is the energic, passionate force driving the largest home staging industry trade association in the world—and she’s determined to help its over 4,000 members of real estate professionals and stagers across the globe to thrive in ways they never imagined. For 22 years, the IAHSP has been dedicated to advancing the education and staging excellence of the home staging industry—and it’s the only association that requires quality education to join. It’s also the only organization led by home staging experts who currently own and operate their own successful businesses—Jennie among them. She is also the president and CEO of the world’s leader in home staging training and education—StagedHomes®. It goes without saying, if anyone knows the intricacies of the industry, it’s Jennie.
After serving in leadership roles in the organization since 2003, Jennie took the helm of the IAHSP in 2016 and, with her team, worked to double its size, expanding into 20 countries to answer the growing demand by industry members. She’s also the imaginative mind behind its wildly popular conferences, attended by thousands of members each year. These lively, star-studded events are replete with keynote celebrity speakers—Jonathan and Drew Scott, better known as “The Property Brothers,” Jeff Lewis of Flipping Out, and HGTV stars Carson Kressley, Thom Filicia, and Candice Olson, to name a few. From speakeasies to champagne diamonds, awards dinners to dancing till dawn, for guests who manage to grab a “golden ticket” to these galas, it’s a night to remember.
As Jennie prepares for this year’s blow-out SOAR Conference with the awards gala set in the Great Gatsby theme and welcomes the steady wave of new IAHSP members, she took a few minutes to sit down with Top 100 Magazine to share more about how the industry is evolving and how she and the IAHSP are helping to propel its members—and the industry—into the future.
With home staging videos across the Internet and TV reality shows, why has a formal education and credentialing in home staging become critical for staging and real estate professionals?
Successful home staging is much more involved than what is depicted in 30-minute video tutorials or TV shows. The staging industry has evolved, and real estate agents need to understand that staging is a key market differentiator for them to get business. Staging is no longer an option—it’s a critical necessity for both their success and that of their home sellers. The impact staging has on a property is proven with statistics that have been tracked since 2003. There are an estimated 10,000 professional stagers worldwide and several million real estate agents, and staging makes a positive impact on 20% of the real estate sold each year just in the U.S. alone. This means properties sell faster and/or for more, making REALTORS® more successful, sellers happier, and buyers excited about the houses they purchase.
Real estate agents need to seek out education on how home staging can help them differentiate themselves and increase their business by using it as a key listing and marketing tool. I wrote The Real Estate Agent’s Guide to the Home Staging Industry, available on the IAHSP.com site, to help agents understand how and why to include home staging as part of listing a property, process, pricing, and where to find a Pro-Stager™. Home stagers need a professional education in staging so that they know how to own and operate a successful staging business, including logistics, pricing, services, marketing, and growth. They need to understand how to communicate their value, and to understand the partnership they have with REALTORS®, builders, and investors. Credentials also give us credibility and clout with our clients and separate us from the masses of untrained hobbyists who watch HGTV or YouTube videos and market themselves as home stagers. A reputable staging course greatly shortens the learning curve and the struggle cycle so many business owners enter when they do not invest in a proper foundation for success.
We’ll get to the IAHSP and its mission to provide these critical credentials. But first, the burning question on the minds of many readers right now—how can real estate agents and stagers benefit from taking your accredited courses?
In addition to being a key listing and marketing tool, staging impacts the agent’s reputation. Many agents believe they do not have to stage a listing because we are in a strong seller’s market. Agents are tying their reputations to a product that should never be for sale and shown publicly, and it makes them look bad. Many are afraid to tell sellers the truth about their properties, opting to remain silent instead of partnering with a pro-stager who can be their liaison with the seller and help preserve the client relationship. A REALTOR® has a fiduciary responsibility to get the most in the sale of a property, and staging helps them achieve that. Our ASP®-RE course increase their confidence, teaches marketing strategies, provides scripting and role playing, and supports agent productivity and profit.
Our stager graduates rank in the top 2% of all home staging company owners in the world as far as success and revenue, and it has been one of our grads that launched staging in every major market in the U.S. and Canada. To run a successful business, stagers need to understand how they fit in the process and why a client would hire them. Staging is not decorating or design, and people who enter the industry believing that based on what they see on TV need to adjust their perspective quickly in order to obtain business. Our courses teach them how to market, manage and maintain a thriving and lucrative business.
The IAHSP is the only organization that requires education. Why is this important, and how are you helping home stagers and real estate professionals keep up with the evolving trends of the industry?
Home staging is our passion and helping our members succeed is our purpose. Since 1999, IAHSP has advocated for education, excellence, and ethics, and our members adhere to a higher standard in these three areas than any other staging association, alliance, or organization. No one else requires education first, and that means our base level of membership is elevated and stronger.
I believe strongly as an industry we all must establish and strive for higher standards and professionalism to make sure the public can differentiate between untrained hobbyists and educated experts. By increasing our professional standards, we will increase the visibility of our industry and the impact we make in the real estate industry as a whole. We also increase the viability of the industry for future members.
We offer our members resources and education for business success and growth, the opportunity to network and engage with industry colleagues through our member chapters and online social media groups. We host educational events that teach vital topics to help business owners thrive.
Since 2003, IAHSP has hosted educational conferences for our members that are truly a celebration of our industry. From quality speakers teaching on topics vital to all business levels (beginner, intermediate, and advanced), to our Vendor EXPO, where we bring key companies directly to our members, to our Industry Awards Gala Dinner that honors members for their staging quality in various categories, to the relationships that form from meeting colleagues from all over the world—no other group hosts an event like IAHSP. And they’re a blast!
The IAHSP has experienced astounding growth under your leadership. To what do you attribute this?
When I took over as chairwoman in 2016, I opened up our association to the entire industry, where previously only graduates of one educational course could be a member. I felt that as the leaders of the home staging education industry, it was incumbent upon us to support all members across the growing home staging industry and the real estate agents they serve, plus mentor and groom the next generation of industry leaders. We expanded into Europe in 2018, and now have members from 20 countries as we continue to make a global impact.
I also believe that people are looking for a place where they can connect and are accepted, a place where the negativity often found in the world is gone, and members are supported, encouraged, and cheered for their growth and success. That can only be accomplished by leaders with a heart for helping others. All our IAHSP leaders have a spirit of giving back. We either volunteer time or are paid very little compared to the number of hours we invest. We give back because we are passionate about our profession and we want to ensure our industry—and the members we serve—thrive now and for decades to come.
Unlike other staging organizations, you and all the leaders of IAHSP currently run your own staging companies as well, is that right?
That’s right! My entire leadership team, our IAHSP Board members, and I all own and operate staging companies. Collectively, our leadership team has over 150 years of experience and over 20,000 properties staged, so we not only talk the talk; we walk the walk. No other industry association can say this. We have a personal stake in the longevity and viability of home staging. I believe to understand what a stager experiences, a person has to live it themselves. We do not just teach theory or tell someone what they hope works—we teach what we know works.
In what other ways is IAHSP different from other staging organizations?
Because we believe education is critical to the success of industry professionals, IAHSP reviews and accredits home staging courses for quality and content. We do not charge for this service, so the public knows we are truly objective, and it is not a “pay to play” scenario where the course provider has paid us to say they are a quality course. We also provide resources, such as industry statistics and informative guides to the public and clients we serve so they can see the data behind the dazzle. In early 2020, we were the first to respond to the issues surrounding diversity and inclusivity and formed the Staging Industry Diversity Coalition (SIDCglobal.com) to support our minority members now and into the future. Lastly, IAHSP has heart. Our members truly care about one another and our leaders care about our members. We are a family and that is why one of our slogans is: “IAHSP® is Your Home in the Home Staging Industry®.”
You mentioned that you’re not paid much for your work as the leader of IAHSP or StagedHomes. What drives you?
That fact may surprise people, but it is true. I lead these organization because I feel that it’s my calling. I had worked in the field for 14 years before assuming the role here at IAHSP, so people look to me for guidance. My whole mission is to help people succeed, and I’m passionate about it. I am dedicated to an industry I love that has supported me and my family for years. The reason I devote the hours I do to both the IAHSP association and StagedHomes is I feel a responsibility to carry the mission forward that was passed to me by the founder of our industry, Barb Schwarz, who was my personal mentor for years. This is why I’m in this industry, and this is what drives me every day.
The IAHSP conferences are the most unique and popular events in the industry. I understand this year’s theme is SOAR—Seek Opportunities and Rise—with your gala awards dinner theme of Roaring 2021—The Great Gatsby, complete with a speakeasy, is that right?
We are all incredibly excited for this year’s conference in Denver, Colorado—The Mile High City! We added the words “Family Reunion” to our event as it is a time where our industry family comes together to learn, celebrate success, and forge strong friendships. “The IAHSP Family Reunion Conference & EXPO” is the official title. Last year was a challenging year for all of us. We were unable to meet in person, many businesses were hampered with shutdowns, and for many it was a scary time not knowing what to expect. The anticipation of this event gives people hope and joy as they look forward to being together!
In addition, we are the only group that hosts a big gala awards dinner with a fun theme. This year our theme is “Roaring 2021–Great Gatsby Gala,” and attendees are encouraged to come in costume, enjoy a great dinner and hopefully win some awards! We have a VIP Speakeasy planned and dancing to wrap up our three-day event. We have keynote business and motivational speaker Chris Widener, sharing on Making a Big Impact in Business and Life. He’s written 22 books, worked personally with Zig Ziglar and Jim Rohn, and is ranked in the Top 50 Best Motivational Business Speakers in the world. We also have one of the best social media experts I have ever heard, Jonny Fowler, as our keynote marketing speaker. We have Ravi Hutheesing, cultural catalyst and former band member for Hansen, speaking on staying viable as an entrepreneur. We’ll have over 25 speakers total and will cover a wide variety of topics with general sessions and breakout sessions by topic and business level. We also have our Advanced Stager Training (AST) workshop for six-plus figure business owners. This training is held the two days following our annual conference and the conversations and discoveries that take place with the advanced business owners is incredibly valuable.
That sounds like a lot of fun! Tell us about some of your past conferences. I understand one of them involved a massive diamond giveaway of sorts?
It did! In 2019, we held our live conference in Nashville with the theme “ROCK Your Business in Music City.” Our gala theme was “Denim and Diamonds.” I actually got a two-carat diamond and 99 cubic zirconias, put them all in individual glasses of champagne and sold them to attendees as part of a fundraiser for the IAHSP Foundation, a 501(c)(3) non-profit foundation that supports the World Wide Staging Service Week® initiative. Since 2005, our members around the globe have completed service projects to give back to their communities.
In 2018, we were in Charlotte with keynote celebrity speakers Jonathan and Drew Scott, better known as “The Property Brothers.” In 2017, we held our conference in Fort Lauderdale and welcomed Jeff Lewis from Flipping Out as our keynote celebrity speaker. In 2020, our conference theme was “Vision for Success: Focus, Clarity, Future,” and we delivered the best virtual event given the remote limitations and everyone had a blast—and learned a lot! So, each year, we bring quality industry pros sharing on educational topics, and then add a little fun or flair with a special guest speaker.
Tell us about StagedHomes and how you’re helping stagers and real estate agents thrive.
StagedHomes is the world’s largest and longest-running home staging training company. It was founded in 1999, and I took over as president and CEO in 2016. To date, tens of thousands of real estate agents and stagers around the world have taken our courses. Education is the key that unlocks the understanding of the importance of proper presentation of a house for sale. Staging is no longer optional—it is critical. First impressions matter, and as the old adage states, “You only get one chance to make a first impression. Make it a good one.” We help all levels of stagers and real estate professionals gain the knowledge they need to capture these dollars and provide the best service possible to their clients.
Can you give us some details about the courses and credentials StagedHomes offers?
I’ll be happy to! We offer four core courses. The Accredited Staging Professional® Stager Business Course is for those who want to build a successful staging business. Our Accredited Staging Partner® Real Estate Agent Course is for agents who want to learn how to use staging as a key listing and marketing tool for their business. It teaches the process, foundation, and communication skills agents need to get sellers to say yes to staging, and then they know who to partner with them for staging their listings. We offer the Accredited Staging Assistant® Course for those who want to plug into an existing company and stage for them versus running the entire operation. Lastly, we have the Accredited Staging Professional Master® Course, which is the advanced-level training for stagers who want to increase their success, profit, and knowledge. These courses are taught worldwide and anyone can attend from the convenience of their home and learn with a virtual live course with one of our Certified ASP® Course Trainers or a self-paced recorded webinar. All graduates receive a full-year membership in the IAHSP and get access to the private Staging University®, the only online resource for our industry with forms, templates, agreements, and the ability to obtain leads for business with our exclusive online directory.
All graduates receive ongoing education resources that come along with their training, including over 100 hours of the Home Staging Talk Show Live segments, over 20 hours of FAST Track Sessions – Focused Accelerated Stager Training, and other niche-specific courses taught by industry professionals. We can never stop learning, as the industry is always evolving. If a person stops learning and advancing their skills, they fall behind and become stale. It is never “one and done” with staging, and that is why we continue to update and develop new curriculum based on where our industry is headed, and not remain stuck in the past.
Let’s end with a somewhat personal question. What do you find most fulfilling about your work?
I often ask my students and colleagues what their “why” is. It has to be more than money to keep a person committed long term to their business. What you do in life has to be a passion—and that will drive a person to continue forward even when they’re facing challenges. I knew when I discovered home staging way back in 2002 that I had found my passion. I have a degree from UCLA in Psychobiology and was pre-med. I realized that I didn’t have it in me to continue the long—and expensive—journey to med school and found my way into marketing and business development for environmental companies. I was using my science background, I loved marketing and working with people, but it was not my passion. When I found home staging, I was excited as it combined my love of helping others with my passion for creativity. Plus, my marketing background made understanding how staging is used to help make properties more marketable. My “why” is that I truly am about helping others succeed.
My whole mission is to empower business owners to success—whatever that means to them. If a person wants to learn how to make seven or eight figures in staging, I can show them how. If they want to have a smaller business, I can show them how to accomplish that. No matter the size of their dream, I know I can help someone achieve it. My “reward” is the joy I get from seeing our industry advance, the satisfaction I get from helping launch and support new business owners, and the pride I have in our team and leaders who are my colleagues and my staging family.
(article written by Heather Andrews of The Top 100 Magazine – from an interview with Jennie Norris)
THE Home Staging Industry Event of the YEAR is coming to you LIVE in Denver – Sept 24-26, 2021.
The IAHSP Family Reunion Conference & EXPO brings TOP Educators, Expert KEYNOTE Speakers, Topics that will INSPIRE, MOTIVATE, EDUCATE and CHALLENGE you to RISE above your competition and bring in MORE business!
We chose our conference theme carefully based on what we all experienced last year with not being able to travel, to see our colleagues and friends in person, to shift to stay viable, and more.
SPACE IS LIMITED! Do not wait to register. We have to share numbers with the host hotel – and plan for food, space and hotel rooms. You can pay 50% now and 50% later – just get registered! Go to www.IAHSPConEXPO.com and get EXCITED about what you will LEARN and who you will MEET at this year’s conference!
Make your reservation now – don’t wait as the hotel block with our special rate goes away August 23rd! You can reserve your room – and then if you need to change things, you can with no penalty (based on hotel terms) when canceled within the time permitted by the hotel.
THANK YOU TO OUR CONFERENCE SPONSORS! These wonderful companies will be at our conference to meet YOU – and you can learn about the products and services and SHOP while at the conference!
Check out this GUIDE for people who want to be Home Stagers and have a successful business. It includes all the important information you need to know to make the right choices when considering establishing a staging business and working in the home staging industry.
Our May-June DOUBLE ISSUE is our BIGGEST issue yet! With over 55 pages of content – this issue is all about FAMILY! From working with family, tax strategies with family, what defines a family, Occupied Home Staging and working with our Client Families, and Marketing Messaging to get business in a HOT market. All issues of our magazine are available to current members and can be found by logging into the http://www.IAHSP.com site and accessing the archives.
If you want to be part of a growing community of professional Home Stagers worldwide, check out the International Association of Home Staging Professionals®. This association is comprised of real estate agents and pro-stagers from around the globe and is the largest and longest-running industry trade association. Since 1999, IAHSP® has set standards of education, excellence and ethics, and continues to lead the way to elevate industry standards by providing timely resources and communication to our industry members and those we serve.
If you are a member, check out the latest issue of IAHSP® Magazine. This month we featured COLOR – from how to work with properties and specify color to how colors make us feel to predictions for colors trends for 2021 and beyond. Full links to this publication are found in our private FB Groups and is emailed to all active members.
IAHSP® Magazine is an EXCLUSIVE benefit for our members – so what are you waiting for if you are not part of IAHSP? Join today! Only $195.00 per YEAR for those who qualify, and if you are from a country outside the US – make sure to check to see if there is reduced pricing for you to join, All graduates of the Stagedhomes.com courses receive membership in IAHSP® as part of their course tuition.
Our latest benefit for our members is a guide we want to share with real estate agent clients, their offices, office managers, brokerages, leaders and all who need to know how we work to support them and the real estate industry, and what to expect when working with a Pro-Stager. From protecting a Real Estate Agent’s Commission to the Process of Staging, Who to Hire, Where to find a Pro-Stager, Pricing and Stats, and more – this is the quintessential guide to help understand how to incorporate Home Staging to maximize profits in selling a property.
You can share the link or download the guide and send.
By Jennie Norris, ASPM®, IAHSP®, Chairwoman, International Association of Home Staging Professionals®, President & CEO of Stagedhomes.com, and Owner of Sensational Home Staging – We Stage Colorado
Real estate agents are always looking for ways to differentiate themselves from their competition. Some Agents invest their own dollars to prepare and market properties, paying for services on behalf of their seller to ensure the house is ready for buyers to see prior to hitting the market. One of the key value-added services is home staging. Statistics provided by both The Profile of Home Staging (NAR®) and The 2020 Home Staging Industry Report (IAHSP®) both share staged houses sell for up to 20% more than the non-staged competition. Sellers need to make sure their house is show ready and throughout the years, the home staging industry members have seen a steady increase in the number of agents providing this as part of the marketing services to prepare and successfully sell a property.
Realtors hire a professional home stager to provide a staging consultation for the sellers where they receive detailed information on what to do room by room to prepare their house for sale. A consultation costs about $250-$500 around the country and agents consider it part of their marketing strategy and pay for it on behalf of the seller. When compared to other services agents will often pay for to prepare and sell the house, such as carpet cleaning, window cleaning, professional house cleaning, landscape clean up, photography and virtual tours, staging is a the only service done in preparation of the house for sale that bring measurable value proven by the statistical surveys conducted by NAR® and IAHSP®.
But what happens if the property needs more than a consultation? Many houses need the addition of furniture and décor brought into empty rooms in a house or added to supplement homeowner’s items to fill the gaps and provide a more updated look for buyers. Sellers may not have the available cash flow to pay for professional staging, so agents are offering to pay for the hands-on staging and inventory fees because they know the staging will help the house sell faster and at the best price. It is a win-win for the agent-seller team.
The challenge is the market can be unpredictable. A Realtor is not in charge of the market and cannot guarantee a house will sell in a certain timeframe, although they approach every listing with the strategy of getting the house under contract quickly. There are external factors that impact the market including interest rates, the economy and other properties that are for sale. When a REALTOR® offers to pay for staging services, they need to make sure to protect their commission and offer creative solutions to their sellers.
Here are seven tips to keep in mind when incorporating home staging into your listing process and protect your commission:
1. Get an estimate for the staging BEFORE you establish your commission.
The Staging should be an add-on service that is covered by the commission. If you don’t get a price first and then agree to lower your commission in order to secure a listing, you are now receiving less money for the sale. Most agents who incorporate this strategy of paying for staging use the staging as a way to validate being paid MORE than another agent who is not bringing staging to the table. Depending on what pricing you received from the stager, you would increase your commission percentage by 0.25 or 0.5% to pay for the initial Staging and could increase by 1% or more if the house is luxury property. In most markets, this small increase in commission earned will cover the initial Staging investment. Contact your stager to get a price for staging the main rooms of the house and use that as a guideline when negotiating your commission.
2. Do not pressure your stager for “the price” to stage when they have not seen the property yet.
You want to know what the costs will be to determine how you will structure your commission but a stager usually needs to see the house to provide you with accurate pricing and this is ideally done in person but can also be done using photos. An experienced stager can give a price “range” – but even with that it could be inaccurate when they have not really seen the house. Some stagers provide pricing based on list price, square footage or number of rooms being staged, and with this type of pricing, you need to ensure you are getting the appropriate style, volume of furnishings, and quality that is appropriate for the type of property you are listing. When an agent does not get an accurate estimate, they risk their commission because they do not own the staging business and do not know how a stager prices their services. When the Stager provides the estimate, the listing agent can be in a tough position because they agreed to pay for services that are more than planned. This means the Staging could be scaled back, or the agent has to pay more than planned. Getting the estimate UP FRONT before negotiating commission ensures agents do not end up getting less than they deserve for selling the house.
3. Make sure to cap the amount you are contributing toward the Staging.
If furniture and décor are provided, there can be an ongoing fee paid for inventory supply or rental. The items ideally need to stay in place until the house is under contract and it is safe to remove. This could be in a month or it could be several months after the initial staging, and when an agent does not cap the amount they are contributing, the ongoing inventory use fee is added to the amount paid by the agent, which means you are making less and less commission. You are not able to re-negotiate your commission at this point, and so the ongoing fees are coming out of your earnings. This could add up to thousands of dollars, and when the seller is benefitting the most from the sale, they need to be the ones paying for the ongoing staging investment.
4. Share what, if anything, you are willing to pay toward the staging and put it in writing.
What we recommend is you share with the seller, “I will contribute up to $___ towards the Staging, and then any fees beyond that will be your responsibility.” If the seller is not able to pay up front, you can share, “I will cover the costs associated with the initial staging and will be reimbursed at the successful close.” There is a risk involved as the client could decide to cancel the listing. Make sure to protect your money in the agreement sharing, “If for any reason the house is removed from active listing or other changes occur (you) will be paid in full for the Staging investment paid on behalf of (client).”
When you are willing to pay a portion of the staging, ideally have the seller pay up front and you reimburse them at the successful close for what you want to contribute. “I will pay $___ towards the staging cost and it will be paid to you at the successful close of the sale.” That is the ideal scenario as you are not having to come out of pocket for any of the staging service, and if anything happens to the client or sale, you are not risking leaving money behind. If you just want to provide a consultation, you would share, “I pay for the services of a professional staging consultation where you will receive detailed recommendations on what to do to prepare your house for sale. Any additional staging services would be paid by you.” Always make sure the terms are in writing in your contract and clearly understood by the homeowners.
5. Do not quote pricing for the staging unless you received pricing from your stager.
Your clients may ask what the staging will cost, and if you have not received proposals and pricing for staging, please do not guess at what you think it should be. You may end up setting false expectations for the sellers, and the pricing could be way off – either too low or too high. There are other factors to consider with the staging, and it is best to put the emphasis on the results they want versus putting the focus on the price. Lastly, let the Stager negotiate any price adjustments and be the one to explain the services and how they work. One key point to share is, “The investment in Staging is always less than a price reduction or a lower starting price.” And Staging is a tax write deduction (IRS Publication 523) and a price reduction or lower starting price is a loss of equity.
6. Always quantify the value of any services you are paying for on behalf of the Seller so they understand upfront your commitment and contribution to help them sell their property.
When a person gets things for free, it is human nature to not really assign any value to the service or item and a nonchalant attitude seems to prevail. Let them know you are investing in the sale of their house – give them the value – and reinforce your quality reputation and standards. This applies for staging and any other preparation services such as cleaning, carpet cleaning, window washing, landscape touch up, photography and virtual tours. When there is no value, there is no appreciation or understanding of the benefits you are providing versus other agents.
7. Be creative with options for staging and needed home improvements and connect with companies that provide this service.
There are companies, such as ZoomCasa,that will pay for any improvements needed for a property and require the house to be staged. They pay for all the services up front and get reimbursed with an added fee for loaning the funds. They evaluate the property, make sure there is enough equity or margin in the sale to cover all the closing costs, agent commissions, their fees, and provide all the financial resources for whatever work needs to be done prior to listing. Your professional stager will be vetted by them in advance and can share the names and contacts for the company. This option helps protect and preserve your and your sellers’ money as you are not having to put out any up front for the prep and staging of the property. If you decide to contribute a portion toward the staging, you can put that in your contract and have it paid at closing. One of the great aspects of this program is the companies providing the services to repair, remodel, improve and stage the house are paid when they do the work and do not have to wait for the house to close. You won’t have to ask anyone to wait to be paid, which can be a hardship for these affiliate companies.
Use these 7 Tips to help you protect your income while being seen as a Realtor that does more for your sellers than the average agent. Staging adds value to the sale and it should not break your bank.
Want to know the 2020 Statistics for Home Staging?
Go to www.HomeStagingStats.com and download our 34 page report with statistics on vacant, occupied, regular priced, and luxury priced properties, plus infographics on the process for consultations to help you better educate your clients.
About the author: Jennie Norris has been staging professionally since 2002, and to date she has Staged over 5,400 properties. She has yet to meet a house she could not help and she stages all properties from modest to multi-million dollar. Jennie runs the world’s largest home staging industry trade association, and the largest real estate home staging training company. She is passionate about the industry she serves and is committed to helping partner in education with real estate agents, sellers, builders and investors. Jennie resides in Littleton, CO with her family.