Sabtu, 27 Desember 2008

Interest Rates




Folks, this is really getting interest-ing. Take it from a guy that had to sell homes when interest rates were 18%, todays mortgage rates should make buying a home a slam dunk. I have seen quotes as low as 4.5%, and these rates have not been seen since the 1940's.

Will home prices continue to slide backwards? Perhaps, nobody can say for sure. But I am confident that the affordability index of owning a home may never be better. Now is the time to make your move. For all you need to know about buying a home in New Bern go to www.newbern-nc.info

Jumat, 26 Desember 2008


Retirees often have some free time and want to help their others that are not as fortunate. New Bern NC has an abundance of non profits, clubs, and organizations that do wonderful things for the needy. I have listed quite a few of these organizations on a web site http://www.newbern-nc.info/New-Bern-happenings.html for the convenience of those wanting to serve others or that have a hobby and want meet other's in the area that have similiar interest.
If you know of other organizations that would like to be included on this website let me know and I will be glad to do so.

Kamis, 25 Desember 2008

Household Electronics Recycling


January 10, 10:00-2:00 unwanted electronics items including televisions and computers will be accepted at no charge. As you are aware electronics are a major source of pollution at our landfills so now is a great time to dispose of these items in an enviormentally friendly manner.
Drop of location will be the Craven County Agricultural Building parking lot located in the Industrial Park.

Minggu, 21 Desember 2008

2008 Coming to an End-better days ahead



2008 is coming to an end soon and I am looking forward to 2009. I am optimistic about the upcoming year for many reasons. I cannot help but believe that the below 5% interest will start to have a positive effect on the housing market over the next 12 months. Hopefully we will see a reduction in inventory to to the attractive rates. This will have a positive effect across the entire economy as the housing industry affects some many different businesses.
My biggest concern is that as Americans we all need to wake up and stop living over our heads. We have to much debt and need to start saving for the future.
My 2009 New Year Resolution. Excercise and reduce debt. And yes it has been a dificult year but we made it through it, well almost, just a few more days. At any rate Merry Christmas and I hope 2009 will be a good year for you.
































































Minggu, 14 Desember 2008

New Bern's Tryon Palace wins national recognition


Located in historic downtown New Bern the Tryon Palace was the colonial mansion for the governor of North Carolina. New Bern served as the capital until the late 1770's when the capital was moved to its present location in Raleigh. Go to http://www.newbern-nc.info/New-Bern-history2.html for more New Bern History.Eventually the palace was destroyed in a fire. In the 1950's the palace was rebuilt on its origional foundation and today is one of the top tourist attractions in the south.
For many years the Palace has gone all out during the Christmas holidays with decorations and Christmas cheer. Recently the Tryon Palace was named as one of the top 7 places in America to find holiday cheer. From Dec.1 through the first week in January the palace is wrapped in garlands and old fashioned wreaths bearing apples and pine cones. Staff members dress in period costumes creating a realistic colonial period setting. Christmas productions add even more spirit resulting in a fun and cheerful filled December.

Sabtu, 13 Desember 2008

8 good reasons to list your house for sale now.

  1. Folks looking during the holidays are often more serious about buying.
  2. There are usually less homes for sale during the holiday and therefore less competition.
  3. Home inventory typically increases during January meaning more competition.
  4. Homes show better when they are decorated.
  5. Buyers are often more emotional during the holiday and often will make quick decisions.
  6. Buyers have more time to shop for homes during the holidays.
  7. Some buyers must buy before the end of the year.
  8. Many jobs transfer during January and make their buying decision in Dec.

Jumat, 12 Desember 2008

Bring it home West Craven High School

Tomorrow night is the biggest game in the long and storied career of Coach Clay Jordan. The 3A state football championship will be held in Winston Salem and regardless of the outcome all of Craven County and Eastern NC is proud of the West Craven Eagles.

Minggu, 07 Desember 2008


AWESOME- That is all I can say.
The West Craven Eagles pulled of any incredible victory Friday night in the 3A state semi finals. Brett Mooring threw a touchdown pass with just 34 seconds remaining to win a thriller 22-19.
Next Saturday will be the state finals. Go Eagles.

Jumat, 05 Desember 2008


Tonight is a big night for the West Craven Eagles. They are going to Rocky Mount for the NC semi finals 3A football playoffs. A win here puts them in the finals.
Undefeated this year the Eagles, led by quarterback Bret Mooring, have showned true grit in their battles against some tough teams. Good luck Friday night.

Minggu, 30 November 2008

Plastic grocery bags.


A recent editorial in the New Bern Sun Journal says we should just say no to plastic bags when we shop. I agree.
As a board member of our Tri County Regional Solid Waste Authority I consider plastic bags a tremendous challenge to our ability to effectively dispose of waste.
The bags are virtualy impossible to keep contained as garbage transfer vehicles make their way to the landfill resulting in plastic litter scattered throughout the county. The estimated life of a plastic bag is hundreds if not thousands of years. Being lightweight even those that make it to the dump are easily picked up by the wind and distributed to forrest, ditches, streams, and eventually the rivers. I spend a lot of time on the water and see plastic bags floating and partially submerged where ever I go.
Demand paper the next time you shop. The little additional costs is certainly worth it to the enviroment. What say you?


Jumat, 14 November 2008

Hey-what are you waiting for?

I have been in this business a long time and believe the next 6 months will be a great time to buy a home, that is if you need one. Interest rates are low and prices are more reasonable than they have been in years.

History has shown that a home is a very sound investment over time. No one knows what prices will do, some say they will continue to drop, others say they have bottomed out. Fact is no one knows, but I would venture to guess that rates have the potential to go up at any time. So if you are in the market don't try try to time the bottom and miss out on attractive interest rates.

Sabtu, 11 Oktober 2008

New Bern NC comes alive

New Bern NC really comes alive in October. Sure, there is a lot of things going on year around, but October really rocks. The following are just a few things going on as there are to many to mention individually.

  • October Fest
  • Mum Fest
  • Architectural walking tours
  • Downeast folkart concert series
  • Haunted Evening Historical Drama
  • Ghostwalk
  • Much activity with the 2 downtown civic theaters
  • Free admissions to the Tryon Palace gardens
  • African American Historic downtown walking tour.
  • Neuse River Bridge Run
  • Quilt Show
  • Jarman Opry Theatre
  • Jazz on the Trent
  • North Carolina Symphony
  • Chili Fest
  • Coastal Carolina Agricultural Fair
  • Fall Home Show

With all this hapenning it is no wonder New bern is considered one of the top places to visit in October.

Jumat, 29 Agustus 2008

What Style is it?

“What style is my house?” This is a common query from homeowners as they wonder how their home fits into the local architectural landscape. This is, however, a question that can be difficult to answer. Is a house a Victorian, Folk Victorian, National Folk, Vernacular, Queen Anne, Italianate, Second Empire or something else? Answers depend on the eye of the beholder and the ways different people classify houses. Each observer focuses on particular architectural features and creates categories that reflect their own perspectives on style and history. Since such categories are arbitrary as people try to organize disparate things, there often isn’t agreement on which style a house represents.

The Cummins house in Eden Prairie, MN is a good example. The house was built between 1879 and 1880 by John R. Cummins, a prominent farmer and horticulturalist. The house is constructed of Chaska brick, a cream colored brick manufactured in nearby Chaska, MN, in the classic gable and wing form.


Most people would recognize it in a general sense as a Victorian, and they would be correct. But what else can we say about its architectural style? Its listing on the National Register of Historic Places describes it as having both Greek Revival and Italianate features, including wide trim on the gable ends and arched windows.



Segmented arch windows are characteristic of the Italianate just as wide trim boards are common on the gables of Greek Revival homes. So, does this mean the Cummins house is a Italianate/Greek Revival hybrid? Actually, no. Most Italianate brick homes do have arched windows, but not all arched windows are Italianate. The same is true for the trim.



This really gets at the heart of the matter. 19th century houses can be divided broadly into two categories: High Style and Vernacular. High Style homes were designed by trained architects or master builders to suit the tastes of a client and complement a particular setting. These homes are more easily attributed to particular styles such as the Queen Anne or Second Empire. Vernacular homes were designed and built by local tradesmen or the homeowners themselves using simple forms such as the gable and wing or the side-gable. Often using pattern books as a guide, builders incorporated decorative details from High Style examples into their less complicated designs. This was especially common after the arrival of railroads, which allowed the wide distribution mass-produced architectural elements such as brackets, spindles, turned porch posts and barge boards.
Vernacular homes such as the Cummins House are sometimes classified into sub-categories such as Folk, National Style, Folk Victorian or could simply just be called Vernacular. All these terms are common and some observers make the following distinctions between them. Some use the term National Style to describe homes constructed throughout the United States using simple, popular forms such as the gable-front, gable-front and wing, the hall and parlor and the I-house. These homes have little ornament and are quite utilitarian. Builders of Folk Victorian homes utilized these same simple shapes, but decorated them with Victorian detailing found on High Style homes such as the Queen Anne or Italianate. The decoration on these homes is often quite eclectic as the builders used whatever ornament they liked in any manner that suited them. Others use the term Vernacular to refer more broadly to late 19th and early 20th century homes that were inspired by pattern books and were built with machine made, mass produced components (indeed, many later examples were kit homes bought from companies such as Sears or Aladdin). Vernacular homes share shapes and ornament with higher style designs but are as a whole  simpler.

So, what style is the Cummins house? My vote is Folk Victorian.


Senin, 11 Agustus 2008

Getting “PUNCHY” about Great Real Estate Reads

While many people think that a home stager’s job is just to be glorified interior decorators... we actually do much more. So while making a home look good is important, a stager’s job typically begins with a much less glamorous task of putting together a Punch List of repair and maintenance tasks sellers need to complete prior to going to market.

So whether you are a home seller or a real estate blog reader, a Punch Lists can be of great value. These lists simplify, guide and direct us as to where we should focus and invest tour time and efforts. That is why I am calling my top 5 choices the “Punch List of Real Estate Do Reads” submitted for this week’s Carnival of Real Estate.

Making my top 5 list (in no special order) for this week are:

DO READ: “3 Bogus Real Estate Statistics - Know Them or Be Burned By Them” by Joe Manausa at Really Better Real Estate. I gotta admit I enjoyed Joe’s discussion on why he feels the 80/20 Rule, 153 Days is the average market time, and Average Selling Price is 97.3% of List Price are all bunk.

DO READ:  “Every House’s Value is Dropping Except Mine!” by Amy Bohutinsky at the Zillow Blog. Amy, I can only say “from your blog to seller’s ears!” Nice job.

DO READ:  “When Do Schools Start In St. Louis” by Karen Goodman at St. Louis Real Estate Insights. While I don’t live in St. Louis, I gotta admit I found Karen’s post to be quite interesting, and would venture to bet that what Karen notes as a trend in St. Louie takes place all over the country.

DO READ:  “Fannie Mae Adds New Risk-Based Pricing and ‘Adverse Market’ Fees for All Conforming Mortgage Applicants” by Dan Green at The Mortgage Reports. If you have read any of his past posts you know that Dan is as prolific as the title to this post of his is long.  In this post he shares great insight as to why he expects that loan-level pricing adjustments will continue to increase for a 5th and 6th time before 2009.

DO READ:  “How to Sell My House” by Surfer Sam at Surfer Sam Online. With each new day a new seller comes to market. Because this is so, the advice Sam offers never is old. In this post Sam does a nice job breaking get a home sold down to the basics.

I hope find my list of 5 my “to do” list of real estate blogs for this week informative. However, I gotta admit reading through all the posts submitted to the 103rd Edition of the Carnival of Real Estate left me a bit punchy. But I am glad to be a host... cause each week the Carnival points to something that expands my knowledge and understanding to the ever changing, complex and multifaceted world of real estate.

Blog on!
Me

Selasa, 22 Juli 2008

Selling Your Vanilla Box

We all know that the real estate market is in a major slump. Nothing seems to make that grim point more real then when one takes a short drive through any neighborhood. For it is there we see, dotting the front yards of so many homes, a multitude of For Sale signs. But while looking at a sign in a front yard makes a tangible point of reference for what is happening with the sales of single family homes, what is taking place with regard to the condo market is sometimes harder to see. Because often there is no sign, it is easy to overlook the fact that there are many many condominiums for sale too.

In some ways selling a condo is harder then selling a single family home. First, it is not uncommon, especially in larger developments, for one condo in a building to be selling against another condo configured with the exact same floor plan, features and finishes. And, except for slight differences in the exterior façades, it is also not unusual to find one building full of condos to be pretty much the same as another building full of condos in the same neighborhood.

Sellers need to understand that with so many condos to choose from, they all start looking the same to the buyer.  In the buyer’s eye, without much distinguishing one from another, they become just another Vanilla Box.

While there are many configurations of the Vanilla Box, the typical Vanilla Box of today has the door in the rear, sliding patio doors to a balcony in the front, and a kitchen in the middle with stainless steel appliances, granite counter tops and an island that separates the kitchen space from the open dining/living room area. All are pretty much the same…floor to floor, building to building, neighborhood to neighborhood.

With so many condos being relatively the same, the chance for a sale is quite competitive. Plus, if you are a home seller that is currently living in a Vanilla Box, in a neighborhood that offers similarly priced NEWLY constructed Vanilla Boxes… keep in mind that a shiny new Box is much more appealing to a buyer, than a scuffed, scratched, and worn used Box.

Good news is that the hope for a sale of your Vanilla Box is not a lost cause… for either the independent owner trying to sell their unit, or for the builder trying to sell one or more units. Both, for different reasons, can benefit from hiring an EXPIRIENCED home stager.

Stagers will help individual seller trying to sell their unit in a number of ways. First, they will point out the problem areas that make a used home look used, and then offer low cost ideas and solutions that make the condo feel new. Next, while it is a fact that a furnished property is easier to sell then vacant; sellers need to understand that due to size constraints of the home (typically condos are more compact) furnishings in the condo needs to be set in a way that  they actually help the condo show and flow for touring… and a stager can help here too. Good staging is a balance between adding the right amount of visual appeal, without having the interior décor distract the seller’s eye from the property they are considering buying.

For the builder, a Stager can also be of great service. Who hasn’t been a bit surprised to experience a builder’s empty vanilla white unit after touring their lush and lovely model? For this reason large builders have for years had model properties for buyers to first tour. Today, the opportunity and benefit of having a model unit need not be a selling advantage reserved only for the larger builder. Smaller builders can hire a Stager who can provide low cost, yet beautifully designed staged-model solutions. PLUS, if the builder is selling multiple units in one building, should the staged unit sell, the staged model can be moved from one unit and re-set in the next. The added flexibility of a “rolling” model offers yet more flavor and appeal to the Vanilla Box.

So yes, without a doubt this is a tough market, especially for condo owners. But properties are selling. Fortunately, builders and owners of Vanilla Boxes can change the flavor of their offering from FOR SALE to SOLD… with the help of a Home Stager.

Flavor It Forward...

Me

Minggu, 20 Juli 2008

Tools of the Trades

Wooden hand planes were found in virtually every 19th century tool box. Tradesmen, farmers and amateurs needed at least a few planes to size, true and finish wood stock. Most common were the bench planes that were used to square and finish boards for carpentry, cabinetmaking and joinery. These planes are long and rectangular with handles (called totes) and single cutting irons. This group includes joiners, which were used to true edges and faces of stock, and the shorter fore and jack planes, which removed larger amounts of wood easily and quickly.

Illustrated Catalog and Invoice Price List of Joiners’ Bench Planes,
Moulding Tools, Handles,
Planes Irons, &c., Manufactured by the Greenfield
Tool Company. Greenfield: 1872. Reprinted by the Astragal Press.

Also common are molding planes that were used to shape and decorate molding and millwork. These planes were produced in a bewildering array of shapes and sizes and were given esoteric names such as scotia, astragal, ogee or torus bead. Some were quite simple in shape, like the hollows and rounds I used to make the bit of molding in an earlier post. Others were quite complex and were used to make the ornate cornices and architraves in fine Georgian, Federal and Greek Revival homes.

As styles in furniture and architecture changed during the 19th century, so did the types of molding planes. Historians and architects are often able to date furniture and architecture according to the differing styles of molding and decoration. The study of the molding planes is an important means to trace the development of these decorative styles. Following is a short primer on molding planes which shows a few of the many different shapes and profiles used in the 19th century.

The most common molding planes were the hollows and rounds. These planes were often bought in pairs of one hollow and one round of the same size. One plane could be used alone to form a groove or bead or in tandem to make more complex shapes like an S shaped ogee. Cabinet makers and joiners who frequently made molding often bought complete sets of hollows and rounds in graduated sizes. In this photo there are three rounds and one hollow from the #72 series of the Ohio Tool Company and one round from Chapin and Sons.




Also quite common were the various bead planes. Side beads, which cut a rounded profile on the edge of a board, were bought either singly or in graduated sets. Center beads, which cut a rounded bead profile in the middle of a board ,were especially useful for furniture makers. Reeding planes, which cut several parallel beads in the middle of a board were also common. Below are three graduated side beads from the #105 series from the Auburn Tool Company and a #41 center bead from the Ohio Tool Company.



The ogee, which is a gentle S curve, is the most common of complex molding planes. The ogee can have two profiles: The cyma recta, where the concave section is at the bottom of the profile, and the cyma reversa, where the concave section is at the top. Below are three graduated ogees from the Ohio Tool Company. Roman style ogees are, which are characteristic of the Georgian Style, are based on the circle while Grecian ogees are based on the ellipse and usually have quirk defining the inside edge of the top part of moulding.



Following are a few examples of some other complex molding planes. These include (from left to right) an ogee sash plane for making window sashes and muntins, a Grecian ogee, a simple cyma recta, an ovolo, a Grecian ogee with quirk and fillet and last a gothic bead.








Jumat, 27 Juni 2008

The Gideon and Agnes Pond House

The 1856 Gideon and Agnes Pond house is one of the few Minnesota examples of the Federal Style. Gideon Pond was a Connecticut carpenter who came to Minnesota in 1834 with his brother Samuel to serve as Christian missionaries to the Dakota Indians and to teach the natives European farming methods. He settled in Bloomington, MN in 1854 and founded a mission near the village of the Dakota chief Cloudman. In 1856 he built this two-story house near his mission with bricks made on-site from clay found in the adjacent Minnesota River valley.

Although late for the Federal, which had been losing favor in the East since the 1820s, Pond decided to build in this refined style which had been common in Connecticut when he left in 1834. Some experts hesitate to call later examples like the Pond House Federal, preferring instead to describe them as vernacular or a Federal style remnant. Although certainly quite provincial, the Pond House has some of the classic features of the Federal and I believe the name is appropriate despite its plainness and late date.

Federal buildings are usually box-like, with a symmetrical arrangement of windows and low-pitched gabled or hipped roofs. High style examples have refined, but decorated cornices beneath the roof line with fanlights and sidelights surrounding the entrance door. The Pond house features a symmetrical arrangement of windows, although many Federal examples of a similar scale have a third window centered above the entrance.



The focus of a Federal facade was the front entrance. Entrance doors were sometimes flanked by half or three-quarter sidelights while higher style homes often had elaborate fanlights as a transom. In this example there is no fanlight although full-length sidelights are present.  Although the sidelights appear somewhat wide and blocky (reminiscent of those often found on contemporary Greek Revival homes), the entrance suits the proportions of building. The door slab is a recent (and quite incorrect) replacement.



Rather than an elaborate cornice with dentils and molding which were common on higher style homes, Pond constructed a simplified version in brick.

The Pond house is located at 401 East 104th Street in Bloomington, MN and is open for visits on Sundays from 1:30 to 4.

Nothing could be finer


Nothing could be finer that to be in Carolina on the 4th of July. The fourth is one of my favorite days of the year and New Bern does it up right, with a spectacular fireworks display over the Neuse River. Last year, along with several of our friends, we watched from the middle of the Neuse River. It was a blast, and we were not alone as there must have been 300 other boats anchored along side us. Check out my web site http://www.newbern-nc.info/ after the 4th for some photos and you will see why nothing could be finer.

Kamis, 26 Juni 2008

Stagers Should Picture What They Preach

Without a doubt the end result of a home’s staging should be a great visual impression. Because this is so, home staging has come to be viewed as an “image” industry. But as a relatively new industry, home stagers have much to learn from their counterparts in other more established image industries such as advertising, interior design, and landscaping. Professionals in these fields know that to sell and grow their own businesses; they must first present a good visual image of themselves. This impression starts with the logos, business cards, and websites they use to market their products and services.

Be leary of staging hypocrits. If home stagers are going to pitch the need and importance of investing money to ready properties (which is a home seller's "product") for market, then the stager needs to invest money to do the same for what they sell... their staging services. To be fair and judged credible, a home stager needs to invest in their business image. But more than just spending money. A stager's image, communicated through business cards, brochures, and websites, must demonstrate knowledge of and skill to apply basic design principals. Why? Well, basic design principals are universal and govern all visual creativity, including the skill and ability to properly stage a home.


Picture what they preach. Another area, where real estate stagers need to practice what they preach, is in the portfolios they use to sell their ability. First and foremost, the work they show MUST ONLY be theirs... and it better look good. If stagers are going advise sellers and Realtors as to the importance of using good photography to capture and present a home, then again, a stager needs to do the same with photography they show of the their work. A stager's portfolio is a key, yet often overlooked tool that communicates quality, skill and ability.

Seller’s looking to hire a stager can use a stager’s online portfolio to pre-screen and judge a stager's talent and ability. The best portfolios address the following 3 points.

  • Versatility & Proficiency - Every market is different and examples of the work a stager shows should represent the types of homes being sold in the markets they serve. However the more depth and diversity a stager can show the better. The most compelling portfolios will show staging work that was done in both big and small homes, vacant and occupied homes, low to high end homes, and the ability in to work with a variety of design styles.
  • Same View Point - Proof of a stager's skill and ability is often shown in Before & After photographs. But quite often the Before photo is taken from a totally different position in a room, from the After photo. The best sales testament that shows a stager’s ability and talent come from having Before & After photographs taken from the EXACT same angle.
  • Quality Photos - While it may not be possible to take the perfect Before, the After image needs to be well photographed. Stagers that invest the time and money to take quality photos visually communicate their commitment to their profession.
Just as a home that is for sale is being judged by how it looks, sellers can use the business images a stagers shows of themselves to judge skill and ability. The best home stagers will picture what they preach.

Stage It Forward...
Me

Selasa, 10 Juni 2008

When Wallpaper Attacks, It Can Kill the Sale

In today’s real estate market more and more home sellers are relying on home staging tips and advice to guide them in ways to best prepare their homes for selling. So last week, when I was hired to tour a seller’s property to give them my “Buyer’s Eye” advice, a monster of a problem reared its ugly head. The wallpaper in my client’s home was so extremely ugly I told them I just had to write a blog about it and use it as an example on how monsters like this will negatively affect a home’s sale.

So for the fun of it, and to drive home my point, I present to you (below) what I saw. So hideous was this wallpaper, I have to admit it almost looks like a cliché. However be wise, while not all wallpaper is as ugly this, it still is a problematic issue that sellers need to pay attention to. Fortunately, my clients were motivated and open to advice and willing to take it down. They know they had to present the most competitively appealing property as possible to sell in today’s market. But when it comes to wallpaper, not all sellers are as accepting of staging advice. I have found that the topic of wallpaper usually results in eye rolling, harrumphing, justification and/or avoidance with sellers. So if you are serious about selling your wallpapered home, you need to look it from a sellers view. Keep in mind, regardless of how “fantastic” you think your home’s wallpaper is, it is a HIGHLY personal expression of taste, so chances are potential buyers will NOT like it. Second, buyers want to buy their dream home ready for today, not yesterday. Wallpaper is trendy and needlessly ages a home.

But most importantly, what sellers need to know is this…. when buyers see wallpaper they don’t like, they see dollar signs. When it comes to spending their hard earned money to buy their dream, buyers will scrutinize and negatively react to your wallpapered home as, hopefully, you reacted to my extreme examples above.

So you need to know that any and all the resistance you have about removing wallpaper will be the EXACT same resistance a buyer will have about it too. Buyers know removing wallpaper is an arduous task that can be costly. Because this is the reality of buying a home with wallpaper, buyers know in this market they can and will move on to the next home that does not have that monster to battle.

Stage It Forward...
Me

Senin, 09 Juni 2008


Saturday I played golf in a 4 man superball held at Brandywine in Morehead. Although it was hot as blue blazes the tournament was well organized and there was no waiting in between shots. I have to say this may have been the best superball tournament I have ever played in. The entry fee was $50 dollars, and even though we did not win anything everyone came away happy. First of all everyone received an umbrella when they registered. A grill was set up and offered hot egg and cheese sandwiches. During the round a beverage cart on each side kept everyone hydrated offering gatorade, water, and beer for anyone crazy enough to drink alcohol in 97 degree heat. After everyone finished they served a great lunch and then had an auction for various gifts. A 50-50 raffle was held with a $350 payout to the winner.
This tournament is run by the local chapter of the Military Order of Purple Heart with all preceeds going towards scholarships to children of wounded veterans. Great cause, great tournament, and you can count me in again next year.

Sabtu, 07 Juni 2008

The Workshop

I have already received a couple questions about the workshop where I made the molding in my first post. I was working in the Druke House, an 1854 Greek Revival home which is set up as an 1860s/1870s era woodshop. The Druke is one of many historic buildings moved to The Landing, a living history museum located in Shakopee, MN.

Here is an interior shot showing the workbench and some of my cabinet making and joiner’s tools. The house is divided into two rooms in the familiar hall-and parlor plan, with each room having a stove and chimney.



The house was built by a pair of brothers, Peter and Franz Karl Drüke, who had immigrated around 1853 to Chanhassen, MN from Nordrhein-Wesfalen, Germany (what was then part of the Kingdom of Prussia). Germans used stone frequently in their home country and the Drukes continued this practice in Minnesota, though they adopted a building style then popular in their adopted home. A few, similar examples built by German immigrants still remain in nearby St. Paul, MN. These were also constructed with stone and feature similar transoms over their entrance doors.

Like much frontier architecture, the house is rather small and has little ornament.
The principal features that identify it as a modest example of the Greek Revival are the wide frieze boards on the gable ends, gable returns, the transom light over the door and windows with 6 over 6 glazing (only the attic windows appear to be original). Features that were common in on higher style examples but are absent here are wide frieze boards along the sides and columns or pilasters framing the entrance and the building corners. The windows on the lower level and the door have been replaced. The 1-pane window glazing and bead molding on the window muntins and door stiles are more characteristic of the 1910s.






The walls are constructed of local materials, including rubble stonework, field stone and brick. Often frontier builders started buildings using dressed stones taken from earlier structures and, as their supply ran out, used other, less refined materials. In other cases, builders simply ran out of time, money or ambition and resorted to coarser field stone or brickwork. It is not clear which is the case here, but the bottom sections of the walls are constructed of lightly dressed, coursed rubble. Above this are field stones. As can been seen on the east gable end, brickwork was used at the top. Bricks were sometimes used to repair stonework, so we can speculate that the bricks at the top of the gable end might have been added at a later date.



The Greek Revival appeared in America around1830 and spread into the Mississippi Valley as settlers moved west. It was popularized by several pattern books and carpenter’s guides, including The Modern Builder’s Guide by Minard Lafever and The Practical House Carpenter by Asher Benjamin. By the 1850s the Greek Revival began to be supplanted by the picturesque styles such as the Gothic Revival and Italianate, although the Greek style did persist much longer in the South.

Minggu, 01 Juni 2008

Making Molding the Old-Fashioned Way

I am occasionally asked how molding such as window casing or base was produced during the 19th century. The answer depends on when and where.  By the middle of the 19th century steam and water powered mills were producing most millwork, including casing, base, cornices, spindles, doors and windows. However, in some remote regions people continued to rely on carpenters and house joiners to make molding by hand using a variety of hand planes. By the end of the century factory produced millwork had become the norm, as railroads made quick and inexpensive transportation possible to most parts of the country.

In the following photos I will demonstrate how I made one part of a molding profile on a piece of sample window casing using 19th century hand planes. I am using a scrap piece of basswood approximately 4 inches wide and am working in the wood shop at The Landing, a living history museum located in Shakopee, MN.

I began by adding beads along both edges of the casing using snipe's bills and a #2 round (a side bead plane would work just as well). For t
he next step I will add a  shallow, rounded groove down the middle of the casing.  To start I lay out a small groove which will serve as a guide for a molding plane.   Here I am using an adjustable plow plane with a movable fence and depth stop which allow me to place a groove of any depth anywhere on the face of the stock.



Once I have struck the groove into the middle of the board I will use a rabbet plane to chamfer both of the groove's edges.  The chamfers will provide a good surface for the next molding plane, a #5 round, to ride upon. 



The chamfers guide the #5 round along the length of the casing.  I plane the entire length until the groove from the plow plane has disappeared and I have one, full-width shaving. 


After a bit of refining and smoothing you are done.  You can continue and use other planes to add more complexity to the molding, including hollows to round off the sharp corners.   



Sabtu, 31 Mei 2008

5 Simple Factors That Keep Your Home From Selling

Believe it or not, even though the market is “bad” homes are still selling. Of course they are not selling at the rate they used to… but they are selling. So if you are trying to sell your house and find yourself asking the question “Why isn’t my home selling?” you may be surprised to know that the answer to that question is quite simple, but a bit multifaceted. The sale of a home in today’s market is dependant on a five factors that if not seriously considered and advantageously applied will keep your home from selling.

The first factor you must look at is PRICE. The asking price of a home today can not be dependant on what the price would/could have been in the “good old days”. The price of your home must be appropriate for today’s market… AND, because there are so many other homes in the market, it also needs to be aggressively competitive. Home buyers want and will spend the least to buy the most they can. Holding out for more, will only result in MORE time on market… so be wise.

The next factor is CONDITION. The better condition your home is in, the more attractive it is. Buyers do not want to spend their money repairing and making simple updates once they take possession. A home that is “move-in ready” is going to be snatched up long before a similar home that needs attention. Investing in a home inspection and addressing any major issues earlier on may cost you some money, but it will never cost you the sale. However, problematic issues, discovered by the buyer’s inspector, will still cost you money and also may be just enough to kill the sale. Besides hiring a home inspector, who focuses more on structural and mechanical conditional issues, you might want to also work with a home stager who will focus on the numerous smaller maintenance details and repair concerns that influence a buyer’s perception of condition.

PRESENTATION, both on-line and in person, is third factor that needs to be taken into account. The on-line presentation of your property needs to be captured and shown in first rate photography. Gone are the days when a Realtor could take poor quality digital snapshots and loaded them into an MLS system. Today’s buyer, who lives are busy and hectic as yours, depends on the Internet to help them prescreen properties. Better photos capture and tell a better sales story. In addition to having quality photos taken of your home, it still must look great when being toured by a buyer. An experienced home stager will guide and direct you to set and present your home so it can be easily toured and distinguished from your possessions in it.

Hiring the right listing AGENT is the fourth key factor essential in getting your property sold. Selecting a Realtor, solely because they recommended the highest listing price, may be the biggest reason why your home will not sell. Picking a savvy and strategic Agent who has skillful with a variety of marketing tactics and who is adept in working through a myriad of sales issues that can stop a sale once a buyer makes an offer is crucial. An experienced Realtor, who has a proven track record that demonstrates they have mastered both the marketing side and the sales side of real estate, will earn every penny they are paid for selling your home.

The fifth and final factor has to do with your INVOLVEMENT. Sellers need to fully share concerns, needs and objectives with the selected Agent right from the start and continue until the property is sold. But while candid honesty is key, it must also be two way street. Your Realtor must not only listen to you, but you must listen to them. So stay informed, watch the market conditions, and objectively listen to the feedback after showings. Then consider and act on key information you gather as if you were the buyer. Ultimately your home’s sale is controlled by you… NOT your Realtor.

So that’s it… the secrets are finally revealed on how to sell your home in a tough buyer’s market. How you choose to work with and apply these five simple factors will make, stall or totally keep your home from selling. In closing, if you think that just because you have a few of the factors under control your home will sell, you are wrong. It really takes all five working in together.

Sell It Forward...
Me

Minggu, 25 Mei 2008

Use FLOWER POWER to Sell Your Home

Before you put your home up for sale in the market, do yourself a favor and take a short walk and a quick drive.

First walk across the street and take a good hard discerning look at your property and then, after your walk, take a drive around your neighborhood and look at how your home measures up to the rest of the homes… whether they are for sale or not. The better you home looks, compared to your neighbors and the neighboring competition, the better chance you have to sell.

Buyers assume the better a home looks outside the better it will look on the inside. So while there may be specific repair maintenance issues that can and should be attended to with your home’s physical structure… don’t overlook the fact that you can fuel your home’s sale with a little FLOWER POWER.

How can you tap into the power of the flower to sell your home? Well consider the following:

Garden beds should be cleaned out, weeded and planted with plants that are appropriate for the time of year and/or region you live in. No need to be exotic… old standard annual flowering plants, like marigolds, geraniums, petunias and impatiens, are typically very hardy and will add color and appeal buyers like. Turn over the dirt or add fresh mulch. Add dirt or mulch to bare areas under large shade trees. Deadhead (remove) blooms on flowering plants once they dye.

Trees, shrubs and vines should be pruned and trimmed. If a bush or tree is dead or dying, remove it and replace it with a similar size and type of plant if at all possible. Cut out any dead wood and cut out or back tree limbs touching the home and/or roof. Overtime small shrubs can grow so large that they become large bushes that need be trimmed back or removed entirely. Remember, people buy homes that are light and bright, so any plant that keep sunlight from entering the in and block the view out should be tended to.

Lawns need to be green, mowed, weeded and trimmed. Reseed bare patches in the lawn. Make sure the edges of all flower beds are clearly defined. Trim grass along sidewalks and the driveway. Pull any weeds or sprouts of grass growing out of cracks in the drive or walkways. Weeds tend to be hardier then grass in draught conditions and therefore stand out in lawns in an unbecoming way. So if you live in an area under water restrictions, be sure to weed the lawn. Oh… and don’t forget to clean up Fido’s lawn contributions.

Decks and patios are common to most homes. But a deck or patio that is actually set with furniture and flowering planters can instantly be seen as a bonus living area. Buyers will most likely tour the inside of the home before the outside. Since the buyer will first see the deck or patio as they are inside looking out. So when setting the deck or patio, strategically consider the first visual impression from the inside looking out onto these outdoor spaces.

Finally, and most importantly, make sure the front door’s stoop/porch is blooming beautiful. As the realtor fumbles for keys, trying to figure out how to open the door, buyers are standing behind looking around with anxious, yet critical, eyes. Yes, this space should be neat and swept clean, but colorful flower filled beds and planters will add welcoming interest and visual appeal like nothing else.

Blooming gardens and well maintained lawns will never scare off a buyer. So in this time when fuel prices are at a record high and the real estate market is at a record low… remember you can always rely on flower power to sell your home.


Bloom It Sold...

Me

Sabtu, 24 Mei 2008

New Bern NC High School



New Bern High School was recently mentioned in a recent Sports Illustrated Magazine as the top high school athletic program in North Carolina. After making it to the state finals for 3 out of the last 4 years New Bern finally won the state championship with a herculean effort against a team that had won 7 straight championships. Just a few weeks ago New Bern also won the state championship in track and field. This was the 3rd year in a row that the track team won the championship.In addition, the girls remained undefeated in the Coastal Conference for the 14th consecutive season. The baseball team, basketball team, and wrestling teams consistently have successful teams. No doubt,these are all worthy accomplishments.


Now that New Bern has their athletic program in high gear, I think it is time to gear up the academic programs. New Bern High lags behind the other high schools in Craven County as well as much of the state. There is no reason why academics should not be stressed as much, or more, than sports. Few if any of our athletes will ever make it to the professional level whereas almost all of our students could go to college if they apply themselves to their studies.

Sabtu, 17 Mei 2008

My top 7 reasons to retire to New Bern NC

1. History-settled in 1710 New Bern is full of history and historic buildings such as the city hall shown on the left. Check out http://www.newbern-nc.info/New-Bern-history2.html for more information on New Bern

2. Climate-mild winters allow for golf and other outdoor activities pretty much year around.

3. Water-The Trent and Neuse Rivers converge in downtown New Bern. The Atlantic Ocean and the crystal coast are only 35 minutes away.

4. Golf- Plenty of inexpensive golf courses located in and around new Bern. No waiting for tee times and most of the courses are kept in immaculate shape.

5. Boating-Sailing- The Neuse River http://www.newbern-nc.info/Neuse-River.html is the widest river in the United states and offers sailors and power boaters ample opportunity to test their skills. The intercoastal waterway is only about 20 miles from downtown New Bern.

6. Lots of things to do- Check out these links http://www.newbern-nc.info/aroundthetown.html and http://www.newbern-nc.info/New-Bern-happenings.html to see what is happenning around New Bern.

7. Home Prices- home prices are considered reasonable by most standards. There are many quality subdivisions in the New Bern area. From waterfront and golf communities to the historic downtown area you are certain to find a community to suitt your needs.

Steve Tyson is a real estate broker and a native of New Bern. He can be contacted at Tyson@Century21.com

Jumat, 09 Mei 2008

No to sub prime bailout

Although I am in the real estate business and the sub prime loans and foreclosures are harming my industry I do not believe the federal government should get involved with either bailing out the lenders or the borrowers. It is just the wrong way to attach the problem. Let me just say that I would not have a problem with the federal government using their bully pulpit to encourage the lenders to perhaps freeze their rate increases, no one forced the lenders to loan money to those that they knew could not afford to make the payments when the rate increases kicked in. The borrowers must own up also. Not the taxpayers fault that you made a bad decision and taxes should not be used to help correct the problem. The market will take care of itself.

Senin, 05 Mei 2008

The A-B-C’s and 1-2-3’s of Home Staging

I often now receive inquires about home staging, from home sellers all over the country, that typically start by asking a question such as, “Can you give me a little information on how staging works and what staging a home costs?” Since so many start their inquiry with the same question, I thought it would be helpful to answer with what I call the “A-B-C’s of Home Staging.”

A is for ABOUT home staging in general. Actually, if you are going to stage your property you need to know that it is ABOUT a 2 step process. The first step is the “prepping of the property. Prepping the house basically attends to the conditional issues that need to be repaired, cleaned and/or updated. The second step is ABOUT the “pretty visual” that people think of when they think of home staging. This step has to do with the physical setting/arranging of the furnishings and/or accessories within a house. The combined goal of the 2 steps is to create a house that shows it best and ultimately will draw the interest of the widest buying demographic possible.

B is for BASIC types of staging services. While there are 6 Basic types of staging services, it is important to note that all stagers offer all six. The services a stager offers the better it is for you. Since you actually won’t know what you will need until the stager visits for the first time, a stager that provides more service types is better equipped to guide you based on your needs and not cut short the impact of staging because of their own limitations.

The 6 BASIC staging service types are:
  1. Consult Staging: This type of staging solely taps into a Stager’s knowledge. First focusing on the condition of a home, a Stager visits a property to meticulously instruct on all that must be done to best prep and then set the property for market.


  2. Re-Arrange Staging: This type of services relies on both the Stager’s knowledge and their physical labor. Once a home’s conditional needs are met, a Stager arranges the property by physically setting it using only the seller's existing furniture and decorative accessories.


  3. Enhance Staging: Again, once conditional issues are addressed, the Stager will then set the interior space. But not only are the existing furniture and accessories used, but the Stager will bring and blend in decorative accessories and/or furniture from their inventory. These “props” are loaned or rented to the seller while the home is for sale.


  4. Reseller Vacant Staging: When a "preowned" house is vacant, there is not much else to look at, conditional issues and concerns are amplified and ultimately fixated on by buyers. So while it is important that conditional needs be addressed, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.


  5. Rehab Vacant Staging: When conditional issues throughout a older property are repaired and updated to today's trends, a Stager is hired to then maximize the home’s visual appeal by fully setting it with the appropriate furnishings and accessorizes.


  6. Model Vacant Staging: While conditional in new construction is not an issue, “life-styling” is. Models typically rely more on projecting a “life-styled” visual appeal then a preowned vacant. A good Stager understands and designs within a specific life-style marketing concept when furnishing, accessorizing and setting a vacant spec / model property.

C is for COST to hire a home stager. What hiring costs actually are depends on how much Talent (knowledge), Time (physical labor) and Treasure (props) a stager provides. If a seller has a limited amount to spend, then the best value a stager can provide is the Consult. For as little as $100 (in some markets) a Stager can be hired to scrutinize a property and provide professional staging advice and guidance. From there it is realistic to expect to pay anywhere from $35 to $75 per hour for a stager’s services. As for props, the fees for renting these items will vary based on just what is being rented and the length of time the items are being rented for.

Sellers are not only realizing the cost of staging will pay off, but actually ARE benefiting from making the investment. Let’s face it; if “time is money” then reduced market time is a great return on investment. So regardless of staging solution proposed, a good stager will do all they can to maximize the return on a seller’s staging budget so that the house sells… 1-2-3.

So there you have it, today’s blog lesson on the A-B-C’s and 1-2-3’s of home staging.


Staging It Forward...
Me

Rabu, 30 April 2008

Not All Staging Bananas Are Ripe & Ready

So my home selling pets, would you like to pick a house stager but are not sure which in the bunch to hire? Plus does the fact that when you think about it, it seems like there are more and more people becoming Home Stagers almost overnight?

Well, you are right; it can be a tough to know which stager you should work with, especially since staging is still relatively new in most parts of the USA. You are also right if you noticed that there are many new bananas rapidly joining the staging bunch.

To make a wise and informed pick, you need to understand that unfortunately a “professional stager” may just be an average green Jane or Joe who just fell out of a training tree. Many are transformed into “professionals” because they sat through a one, two or three day foundation training workshop. That's it, as little as one day, and WA LA a new staging banana with a title tacked on.

So be wise, home staging credentials that hype “trained,” “certified” or “accredited” can be a bit deceiving… especially considering that it can take as little as one day to be trained and graduated from foundation training programs. This is not to say that there are well qualified real estate stagers who have been professional trained. But remember, above everything, the ripeness of EXPERIENCE trumps all else... even “credentials."

Unfortunately, the home staging industry is an unregulated wild bunch. Because this so... sellers are at risk, especially in this tough selling market. Actually, picking a green stager could cost you some green. So while staging looks mighty tasty, to those of you who are looking for some hope and help, don’t blindly accept the fact that a stager, with a horde of initials after their name, is experienced and fully yet knows what to do to maximize your homes staged appeal.

So how can you pick out a ripe experienced stager? Well, it is not the difficult, if you keep in mind that home staging is an “image” industry.

Considering it is a stager’s job is to create a good first visual impression of home seller’s property, then a good stager needs to do the same for themselves. A good stager knows the importance of and how to present a good visual first impression of their company and their work.

To start to weed out amateurs from the experienced, first consider looking closely at the stager's portfolio for examples of their work. Also, make sure that you ask the stager if they ACTUALLY staged the properties they show in their portfolio... believe it or not there are some foundation training programs that give green stagers a set of “starter” portfolio photos. Finally if you have any doubts, you can always ask the stager for testimonials from past clients and/or references.

So that’s it, considering its a jungle out there, this is pretty easy. That is all you need to know and do to be a good home selling monkey and pick the ripe stager.

Staging It Forward...
Me


POST SCRIPT of THANKS: Thank you to Rich at the "The Official Active Rain Blog" for seeing the merit in this post and selecting it as a WINNER in the Carnival of Real Estate. CLICK HERE: To read "The Top 10 Rides" in the 89th Carnival of Real Estate.

Jumat, 25 April 2008

It's back



Te deck party that is. After a long, but not so hard winter, the Sheraton Hotel and Marina in downtown New Bern, NC is party central again on Friday afternoons. What better way to wind the weekend down than to meet your friends on the deck. Beautiful view of the Trent River, live music, food, and if you so desire adult beverages. See you there soon.

Kamis, 24 April 2008

Turkeys in New Bern

Today I was showing property in Greenbriar, located in the central part of New Bern, and while my customer was checking out the back yard she cried out look across the ditch. Lo and behold there was a wild a wild turkey not 25 feet from us. First one I have ever seen. And who would have thought right in the middle of a subdivision.

Help is on the way

In about 3 weeks work will be complete on the stop lights in the James City area. For those that aren't familiar with what I am talking about, there are 4 stoplights starting at Williams Road and continuing through to Airport Road, Taberna, and Thurman Road. These lights have outdated internal electronics thus limiting the options of the DOT Engineers to time the lights in a manner that would allow for efficient traffic flow from one light to the other.

As we speak the DOT is replacing these lights with state of the art equiptment as well as making intersection improvements at Williams road that will help the gridlock that we have seen at certain times of the day. These improvements are not the cure all to our problems, but in the short term they are our best option. Let hope it works.

Minggu, 13 April 2008

New Stoplights in James City

The internal electronics of the four stoplights in James City are going to be replaced within the next few months. These stoplights are located at the intersections of Williams, Airport, Taberna, and Thurman Roads.

Several months ago I met with a business owner in James City who suggested that better timing and a left turn light at Williams would really help traffic flow and reduce accidents. I relayed this information to DOT Engineer Duayne Alligood and several weeks later he emailed me and said if we could come up with $100,000 he could replace the lights at the intersections mentioned above and do some other improvements at Williams and Airport Roads to allow for easier left turns. Several weeks ago the General Assembly voted to give $77,000.00 towards the replacement cost and the DOT Division 2 Board Member Cam McRae committed to give the balance needed to complete the replacement.

Mr. Alligood told me that by replacing the internal electronics of the existing stoplights with state of the art gear will give them the ability to remotely control the traffic flow in the James City Corridor. By having the ability to remotely control the lights perhaps the timing of the lights could be changed several times a day to allow for peak traffic times. Hopefully the 4 stoplights can be timed in such a way that the residents in Taberna will not have the long wait, with no oncoming traffic, that they have to deal with now.

I would like to thank Mr. Alligood, Mr.McRae, and our legislative team for their help with this matter. There are long term solutions being worked on for helping traffic flow on Highway 70, but for now it is going to be the lower cost, common sense solutions, that we will have to utilize to help with traffic flow.
As with anything new I am sure there will be bugs that will need to be worked out after the new lights are installed. If you have any suggestions please send me an email at Tyson@Century21.com.

Jumat, 11 April 2008

You Can Stage It... Even if THEY Still Don't Get It

In the 4 years I have been staging, I now notice a new trend taking place... the number of calls we get directly from home sellers, prior to their hiring of a Realtor, is on a sharp rise. But the odd thing is that while staging has been out there now for a number of years, it still AMAZES me how snubbed, ignored, and misunderstood the staging message has been by the Realtor community in general. For what ever reason, many Realtors seem to have shut down any possibility to understand any opportunity staging offers.

Why aren't Realtors getting it? Well, I have a feeling that what many Realtors think staging is... actually is not all that it is.
  • If a seller goes on line and finds a list of "10 Things You Can Do To Ready Your Home for Selling" and does as it advises... THAT IS home staging.

  • If seller’s Realtor then comes to look at the home and directs them to do 10 more things, that better readies their property for selling, and they do those things... THAT IS home staging.

  • If a Stager is hired and they find and additional 10 MORE things for the seller to attend to and the seller and/or the Stager do them... THAT IS home staging.

Just as selling a house does NOT always require a Realtor, staging a house does NOT always require a Stager. However, home sellers who have worked with a good and reputable Stager have learned that we do see more issues that work against the homes sale and offer more creative ideas and solutions to ready/package/market a home for selling in ways they never considered.

First, and most often, the service a Stager does is give advice. We guide, direct and counsel home sellers as to what they can do to BEST to prepare their property for selling. A Stager can also coach sellers on how to quickly, easily and inexpensively accomplish and address that which can be done to help make the home more appealing. Consulting services from good Stagers are, in some markets, less then $100. If needed, Stagers can come in and help do some of the things that need to be done to prepare the home for selling… including “setting” the interior space.

Information is power. The more you and your Realtor knows and understands what home staging does and does NOT do and when to use our services , the more empowered you both are.


So don't let the words "staging" or "Stager" trip you up. While these words are relatively new, what we advise has been given as advice in real estate sales for year. All that has really changed is that there is an entire INDUSTRY now committed to understanding the intricacies of how a home can be best merchandised and marketed as a product so that it entices them to buy.

Staging It Forward...

Me


POST SCRIPT of THANKS: Thanks you REACHED.COM for seeing the merit in this post and selecting it as a WINNER in the Carnival of Real Estate. CLICK HERE: To read "The 8 Top Picks" in the 87th Carnival of Real Estate.


Senin, 07 April 2008

Fox in the Hen House or Quail House

The Craven County Board of Commission unanimously agreed tonight that we should ask our Legislative Delegation in Raleigh to pass a local bill that would allow for fox trapping from January 2nd till February 15th. They heard from area farmers, hunters, and a NC State Wildlife Biologist, and all agreed that the over population of fox in Craven County was causing problems with the decline of Quail, Turkey, and other bird and small mammals. Some were concerned that a rabies outbreak was imminent unless something was done to control the population.

Jumat, 04 April 2008

Chipping Away the "PRICE IS KING" Myth in Home Selling

The way many Realtors and home sellers rely on pricing as a marketing strategy for home selling is not entirely all it is cracked up to be. Believe it or not there is a simple yet profound parallel lesson both Realtor and seller can gain from the way Lay's potato chips are packaged, priced, marketed and sold and how real estate is packaged, priced, marketed and sold.

First, lets me be clear... when it comes to selling anything, be it real estate or potato chips, price IS king. It is a fact that the selling market will only get the price the buying market is willing to pay... this is what makes price "KING". However, I think that too many agents and sellers collapse the concept of "KING" down to mean it is the ONLY thing that matters when it comes to selling real estate. They don't understand the total ramifications of HOW pricing is but one factor managed and integrated into the overall marketing and selling process of real estate.

With that in mind, let's crunch on the pricing lesson of the potato chip...

Recently I saw a persuasive news segment on CBS Sunday Morning. In the piece the correspondent reported on the dynamic and well-regulated world of food labels. Interviewed for the segment was the Product Manager at FritoLay that was responsible for marketing their "natural" potato chip product. FritoLay knows that while Classic Lay's Potato Chips (Bet'cha can't eat just one!) have been a snack "staple" in America for years, consumer tastes change. Because markets and tastes change, FritoLay knows they must ongoingly develop products… including potato chip products.

Surprisingly on camera, the FritoLay's marketing manger shared a company "secret" about one of their newer products... the Natural Potato Chip. She revealed that Lay's Natural Chips are for the most part exactly same product as Lay’s Classic Chips. BOTH are nutritionally the same product and are made using the same type of potato and are cooked in the same way. The only real difference, between the two, is that "natural" chips are salted with sea salt, a salt PERCEIVED to be more natural, are cut thicker and are put in bag that looks more earthy in color and has a matte (paper bag like) finish. Classic Chips go into a shiny red and yellow bag.

Ok, so what! Both bags of chips are the same. What's does that have to do with price?

Well, there is one other BIG difference between Lay’s Natural and Classic chips. FritoLay admitted that they put LESS chips in the Natural chip bag AND the then charge MORE for them. That's right, less product for MORE money. So if price really is KING, how could they get away with this? Well, FritoLay's knows that buyers buy what they want...some potato chip consumers want "natural" chips. Buyers do not perceive Classic Chips as natural... even though they really are. If FritoLay wants to sell chips to the "natural" buyer, they have to sell a product that is viewed as "natural" they know he packaging then becomes essential in driving home the "natural" point.

So even though these chips are basically the same, because the potato chips are packaged in a way that buyers can easily and visually relate to them... they buy them. FritoLay knows that buyers buy products, as simple as potato chips, when they connect to it.

Or said another way... even though homes are often the similar, when homes are packaged (staged) in a way buyers can easily and visually relate to them... they buy them. Stagers know that buyers buy products, as COMPLEX as a home, when they can connect to it. A real estate stager's job is to package a house in a way that the buyer will relate to. In a chip, THAT is what staging is all about.

So, while it is important for a home/listing be priced right, don’t be misguided into solely believing the "Price is King” myth… if you do then your home/listing may just end up sitting there on the market as a Real Estate Couch Potato.

Chip It Forward...
Me