It’s no surprise that the economy has had an effect on Indianapolis’ Real Estate, particularly in the downtown Indianapolis area. The drop in sales has had some realtors using different sales tactics to try and sell homes. These sales tactices involve a more aggressive style and ultimately demands more work from the realtor.
For those of you who have seen the show Flipping Out on Bravo, you’ve seen Jeff Lewis and his crew “stage” the homes that they remodel for Open Houses. The Indianapolis Real Estate listing agents are having to do the same thing with their properties as well.
To “stage” a house, in essence, is to detach it from the seller. It’s breaking the bond that existed between the home owner and the home and the house becomes less personal. Instead of looking alike a lived in piece of property, the home appears to be a model. Knick knacks are removed from shelves and the collage of family photos attached magnetically to the fridge are removed. Indianapolis Real Estate properties are being “staged” more and more as the economy gets worse.
Indianapolis Real Estate agents are having to almost clean out a home before they show it. They take items like blenders, toasters, and toaster ovens off of kitchen counters to make it look like there’s more room to cook and entertain guests. This of course is appealing to a buyer. A general rule in real estate is that there can almost never be too much room. Personal belongings are also being removed from bookshelves and cabinets.
Another trick that the agents are using to try to sell Indianapolis Real Estate is rolling up the carpet and revealing the hardwood floors underneath. Hardwood floors are extremely sought after and in today’s economy, any key selling feature is a plus.
Developers continue to build downtown and add to the Indianapolis Real Estate. Unfortunately, however sales on both homes and condos are close to stagnant. It’s no wonder too. Downtown Indianapolis appeals to college students, recent graduates, and young adults. It’s hard for the non established to qualify for a loan. Who am I kidding? Unless you have perfect credit, an unlimited income stream, and a long work history, you’re not qualifying for a long in this economy. So the real estate is being developed downtown but people don’t have the means to purchase it at this time.
Whether you’re on a reality television show like Jeff Lewis and “staging” homes in Las Angeles or you’re staging properties that are a part of the Indianapolis Real Estate, this new trend seems to be very popular among house flippers and real estate agents alike. The economy may be the sole catalyst in the fad and if you’ve seen pictures of “staged” homes, you will see the neat and elegant appearance of them. When the economy picks up, hopefully sales in downtown Indianapolis will pick up too. Until then, downtown is home to many developers and vacant properties that can’t be sold.
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This article is brought to you by Jordan FeRoss and the Indianapolis real estate team at http://www.indymetrohomes.com . For more information on Indianapolis homes for sale visit their website.
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