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Grow Houses No Problem for REALTORS® to Sell

Nov 7, 2018 by

There are burgeoning housing implications of the legalization of marijuana, from demand for dispensaries to an influence on property values, according to a new report.

According to approximately 10 percent of REALTORS®, in areas where there’s a dispensary, homes have increased in value, a National Association of REALTORS® (NAR) survey uncovered. More than 75 percent of REALTORS®, however, have not seen any shift in values, and 12-14 percent have seen a decline.

On the commercial side, the impact of the legalization of marijuana seems to be significant. According to the survey, close to 25 percent of commercial REALTORS® have seen a boost near growing land, and 20 percent have seen an increase on properties in proximity to a dispensary.

“Members in states where marijuana has been legalized to some extent have been asking us to conduct this kind of research because it is directly affecting their business,” said Jessica Lautz, director of Behavioral and Demographic Trends at NAR, during the 2018 REALTORS® Conference & Expo, where the findings were shared.

“Whether it is influencing property values, the number of all-cash purchases or demand for various types of commercial properties, it is clear that this billion-dollar industry is making an impact,” Lautz said.

Importantly, agents with grow house listings have had no problem selling them, according to the survey—both where marijuana has been legalized for medical purposes, and where it has been legalized for medical and recreational use. Of those REALTORS®, 90 percent had no issues with the title.

Still, there’s stigma.

“While less than 10 percent of members indicated there is an increase in actual crime around dispensaries, 16-18 percent indicated that there is an increase in the perception of crime,” said Lautz.

Continuing coverage of the REALTORS® Conference & Expo to come.

For more information, please visit www.nar.realtor.

DeVita_Suzanne_60x60Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Grow Houses No Problem for REALTORS® to Sell appeared first on RISMedia.

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Staged to Sell: A Fixer Upper to Show Stopper

Oct 26, 2018 by

Home stager: Justin M. Riordan, founder of Spade and Archer Design Agency, with offices in Portland, Ore., and Seattle

The home: This Portland, Ore., home was a “complete and total fixer,” Riordan says. But it wasn’t anything that some savvy staging couldn’t fix. The 3,180-square-foot home was built in 1906 and features five bedrooms, 3.5 baths. It’s listed for $ 875,000.

Riordan’s Staging Tips: 

Photo Credit: ruummedia.com

  1. When staging a home, stick with neutral rugs with little to no pattern. This will keep the the rugs from distracting from the house itself.

Photo Credit: ruummedia.com

2. Mix styles because not everybody loves modern or Victorian or vintage. By having an eclectic mix of styles in each room, the staging can appeal a little bit to each person.

Photo Credit: ruummedia.com

3. Use color blocking. By assigning a single color to each room, buyers will have a way to discuss each room. This house has a green bedroom, a pink bedroom, a grey bedroom, and a brown bedroom. When the buyer say, “I think Sally should have the pink bedroom,” the other buyer will understand immediately which room they were talking about.

 

Have a home you recently staged that you’d like to show off here at Styled Staged & Sold? Submit your staging photos for consideration, along with three to five of your best spruce-up tips. Contact Melissa Dittmann Tracey at mtracey@realtors.org.


Styled, Staged & Sold

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Staged to Sell: A Vintage Cottage That Was in Need of Some TLC

Oct 22, 2018 by

Home stager: Kelly Kurtz, a licensed REALTOR(R) with Exit Options Real Estate and founder of Simply Well Simply Organized

The home: This cottage was located in a small community in Groton, Mass. The home was rundown, and the owner had accumulated years of belongings that were scattered everywhere. Kurtz knew the home needed a deep cleaning and some staging to make it appealing to a buyer, without sacrificing the owner’s potential for profit by listing it under market value. Kurtz took the strategy of decluttering and cleaning the property but purposely muted her staging accessories to fit the style of the property. The home, which was built in 1925, was listed for $ 249,900.

BEFORE

AFTER – Photo Credit: Kelly Kurtz, Exit Options Real Estate

 

BEFORE

AFTER – Photo Credit: Kelly Kurtz, Exit Options Real Estate

 

BEFORE

AFTER – Photo Credit: Kelly Kurtz, Exit Options Real Estate

Kurtz’s Staging Tips:

1. Work with the “feel” of the property. In this cottage, there already was a “vintage feel” so Kurtz knew shiny, new accessories wouldn’t work. The home’s kitchen was last updated in the 1950s, and so she worked with what she had. She weaved in timeless accessories–like a red kettle on the stovetop and tea towel curtain valances–to bring out the vintage charm already present in the space. She added a vintage kitchen stool by the laundry area and a chrome rimmed high-top table and colored stools in a sitting room off the kitchen, which fit more a 1950s decor style.

Photo Credit: Kelly Kurtz, Exit Options Real Estate

2. Fit the home to the likely buyer. Kurtz envisioned what type of buyer might live there. She added simple accessories that would appeal to that demographic. Kurtz staged the home with inspiration that a young couple who possibly had a small, younger family would be drawn to the home’s location, square footage, and budget.

3. Highlight any unique features. Kurtz knew the vintage stove might be one of the first items that many real estate professionals would recommend replacing, but instead she sought to accentuate it. The new owners could then decide to keep or toss it after they closed on the home, but it was all part of the vintage feel she tried to create.

 

Have a home you recently staged that you’d like to show off here at Styled Staged & Sold? Submit your staging photos for consideration, along with three to five of your best spruce-up tips. Contact Melissa Dittmann Tracey at mtracey@realtors.org.


Styled, Staged & Sold

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Staged to Sell: A Fixer Upper to Show Stopper

Sep 2, 2018 by

Home stager: Justin M. Riordan, founder of Spade and Archer Design Agency, with offices in Portland, Ore., and Seattle

The home: This Portland, Ore., home was a “complete and total fixer,” Riordan says. But it wasn’t anything that some savvy staging couldn’t fix. The 3,180-square-foot home was built in 1906 and features five bedrooms, 3.5 baths. It’s listed for $ 875,000.

Riordan’s Staging Tips: 

Photo Credit: Justin Riordan, Spade and Archer Design Agency

  1. When staging a home, stick with neutral rugs with little to no pattern. This will keep the the rugs from distracting from the house itself.

Photo Credit: Justin Riordan, Spade and Archer Design Agency

2. Mix styles because not everybody loves modern or Victorian or vintage. By having an eclectic mix of styles in each room, the staging can appeal a little bit to each person.

Photo Credit: Justin Riordan, Spade and Archer Design Agency

3. Use color blocking. By assigning a single color to each room, buyers will have a way to discuss each room. This house has a green bedroom, a pink bedroom, a grey bedroom, and a brown bedroom. When the buyer say, “I think Sally should have the pink bedroom,” the other buyer will understand immediately which room they were talking about.

 

Have a home you recently staged that you’d like to show off here at Styled Staged & Sold? Submit your staging photos for consideration, along with three to five of your best spruce-up tips. Contact Melissa Dittmann Tracey at mtracey@realtors.org.


Styled, Staged & Sold

read more
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