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Home Staging Aids Homeowners Facing Foreclosure

Written by: Debra Gould

Article Overview: As with any problem, the key to avoiding foreclosure is to be proactive. Many people facing the prospect of foreclosure will decide that the best solution is to sell their house. It might seem counterintuitive to hire a professional stager when you are facing the sale of your home to avoid foreclosure; however it has been proven time and time again that staged homes sell faster and for a higher price than homes that are sold "as is".

Home Staging Aids Homeowners Facing Foreclosure

Foreclosure is an unpleasant topic. But with the economy spiraling downward and the current crisis in the mortgage industry, it is a topic that some of us will have to deal with. As with any problem, the key to avoiding foreclosure is to be proactive.

If you know that you will have difficulty making your mortgage payments in the near future, contact your lender immediately. Explain your situation politely and clearly and ask if you can negotiate a modified mortgage workout plan for your payments. Don't forget to also ask them if you qualify for the government's new "bailout" plan. Don't be embarrassed to take this important step. Lenders are much more likely to work with you if you have contacted them before the foreclosure process has begun.

Many people facing the prospect of foreclosure will decide that the best solution is to sell their house. If this is the only viable option for you, then you have a particularly high incentive to sell your home as quickly as possible and for the best possible price.

This means hiring the best agent for your area. Your agent should have an intimate knowledge of your neighborhood, be able to identify comparable home sales and make this information available to you. Additionally, he or she should also disclose the current market conditions and have extensive networking abilities as well as solid negotiation skills.

If you have decided that selling your home is your best option, you will need to prep your home for showings. Hiring a professional Home Stager is the single best way to outshine your competition. It might seem counterintuitive to hire a professional stager when you've tightened your budget and are facing the sale of your home to avoid foreclosure; however it has been proven time and time again that staged homes sell faster and for a higher price than homes that are sold "as is".

The real estate market will likely see a great number of homes going on the market in the months ahead, and your home will need to stand out among the rest. You want your home to be the one that people fall in love with the moment they enter, and a Home Stager helps make that happen.

When hiring a Home Stager, remember that home staging is not a regulated field. Anyone can claim to be accredited or certified and many present portfolios of their work that they bought as part of a course. When hiring a Home Stager, ask questions about any before and after photos you are shown, look for a demonstrated understanding of the local real estate market and don't make a decision based solely on price. You often get what you pay for and in a serious situation like the sale of your home, you need the very best professional advice available. Hiring the right Real Estate Stager can mean an extra $10,000 to $70,000 in the selling price of your home.

When you are facing foreclosure and must sell your home quickly, pricing your home correctly and marketing it effectively are not always enough to get a quick sale in this market. You must go above and beyond other homes for sale in your neighborhood to catch the eye of potential buyers. By using the services of a professional Home Stager, your house is much more likely to be one that sells.

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Article Tags: avoiding foreclosure, bailout plan, best possible price, best solution, budget, comparable home sales, current market, economy, intimate knowledge, lenders, mortgage industry, mortgage payments, negotiation skills, neighborhood, networking abilities, professional home stager, selling your home, showings, viable option, workout plan



Related Forum Posts
Re: Hi All, - Welcome Aaron!! what type of Real Estate investing do you specialize in? in Toronto I am involved in purchasing properties at wholesale prices prior to the owners going into Foreclosure.
Craigslist/Kijiji Sales - Would like to know who on this forum is having any success with generating business through Craigslist or Kijiji by posting ads there? What kind of business do you run and what do your ads state? I've been using the sites to generate leads for Foreclosure properties and I've been having some success. One of my Business Coaching client is a software developer and he's been having a lot of success with Craigslist - almost $7000/month. what's your view on it ?
Re: Trade Shows - Are They Worth It? - HI, I have used trade shows (not participated) to collect potential clients. For example, the Home & Garden Industry is extremely behind the time in regards to their websites. I attended an Home & Garden Expo in Denver and collected all the companies contact information. I plan on cold calling & mailing information to each business. It also gave me time to research the industry more, talk directly to the owners in many cases, and learn more about what they need. Jeff
Try wikipedia.com for more information - That depends what type of business you are involved in. Maybe if you share that, we can help you a little better. I work mostly in the Work at Home industry so my advice would only be along those lines.
Franchises in Texas... - I wonder if any Home Depots are going to open in Houston and environs to take care of rebuilding the city and suburbs? At the very least, it will probably be a boon for construction and home repair workers.... and scammers too, of course.


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