During the recent economic downturn, the condo sect of real estate was hit the hardest. As we all know, buyers were holding back from purchasing and investing, the banks were making it hard to borrow money, and the few buyers that existed wanted homes with yards rather than condos. For most real estate markets in US, this scenario still holds true.
The residents of the Greater Seattle area are fortunate in that the real estate picture is different here. The combination of some good general economic news, low interest rates, and low inventory has turned Seattle real estate into a frenzy. Every single house that we have staged in 2012 has sold within days and some with multiple offers. I hear similar reports from my other local home-staging friends.
However, we didn?t expect that the same would hold true for the hard hit condo market. We staged a beautiful one bedroom condo at Cristalla in January which benefited from gorgeous views and a fabulous location ? only a heartbeat away from Pike Place Market and Seattle downtown shopping. ?
This condo went under offer within three days. Later on, I was contacted by the buyer?s agent who asked me to help him with one of his own listings. He said that our flipping the living and dining spaces made all the difference for his client and that is what most influenced his decision to purchase the condo.
I should also mention that there were, and still are, ?vacant condos with very similar floor plans in Cristalla that are not selling. In fact, one of the listing agents of one these vacant condos contacted my client to inquire about us staging their unit though we have yet to hear from them.?
It is true that Seattle real estate is active and that homes are selling. ?And perhaps the condo market is making a comeback as well. However, what we have noticed is that staged homes and condo units are the ones that are selling as opposed to vacant properties. The vacant unit in Cristalla is still on the market, while we have already destaged our unit and the new home buyers will be moving into their new home soon. So, maybe the actual story is that the Seattle condo market, if staged, has made a comeback.?
Home staging is not an option anymore if you truly want to sell your home fast and for more. It is a must. Please visit our 2012 Staged&SOLD page to view our own statistics.
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