Home Staging to the EXTREME

The Wall Street Journal recently reported on home “staging” companies that are taking the process to the next level. They are hiring people to live in high-end homes to give the appearance that the home is being lived in. The idea is that instead of leaving homes vacant for potential viewers, home staging companies will have the home occupied because it will sell better. Sound far-fetched? Maybe.

It’s Working for Some

According to Showhomes Management LLC, based in Nashville, revenues have increased by 88% since last year. The company’s vice president Thomas Scott believes the reason is because occupied homes, especially those that are well decorated, sell much better than vacant homes. But now, home staging companies have become even more creative – they’re allowing people to actually come and live in the home, versus just giving an impression of occupancy. It’s the cherry on top for home staging companies that want to create the ultimate picture of luxury and the comfort of home.

The Home Staging Process

So how does the process work? Home staging companies are looking for a certain type of person who can live in an unsold property and furnish the home appropriately. That’s because these properties are generally luxury homes that are meant to attract high-income professionals. Candidates who are selected must have the furniture and “personality” to match the high-priced home. They must keep the home spotless between viewing hours, usually from 8 AM to 8 PM, and are encouraged to bake cookies or light scented candles prior to showings. This helps take the illusion of a lived-in home to the extreme. The little details are what matter most. One agent even went as far as removing a decorative Buddha statue to create an air of political and religious neutrality.

The Reality

The truth however, is little more than home staging gone wild. Candidates chosen by home staging companies typically enjoy drastically lower rents and bonuses if the home sells quickly. They are referred to as “resident managers” or “property managers,” and direct inquiries about the home to the people they work for. They bring their own insurance and furniture to the property, the latter of which is often times borrowed and sometimes rented.

Potential buyers who are made aware of the staging are generally impressed by it, stating that the atmosphere created by the occupants made them believe the home belonged to a professional who made millions of dollars a year. By showing viewers the potential that the homes have, both sides win. The builders and staging companies are able to sell their home, and resident managers are able to relocate to the next property that needs a little human touch.

If you’re interested in purchasing a discounted luxury home, check with Go Banking Rates for some of the best mortgage rates available online.

Downey Mortgage Rates

Downey is one of Los Angeles’ more affordable “suburb cities.” If you’re thinking of moving here, check in with Downey Banking Rates before you do anything. We could help you find the best mortgage rates so that buying a home will be more affordable.

Whether you’re looking for a home with a big backyard in Northeast Downey, or something more affordable along Florence Boulevard, Downey Banking Rates is the place to go for the best mortgage rates in the city.

Compare Rates of Downey, CA Mortgage Lenders

As compared to the past 30 years, current mortgage rates are at historic lows, but always talk with multiple home loan lenders to learn what interest rates are available to you. Mortgage Interest rates change on a daily basis and working with the best lenders will help you know when to take advantage of the lowest rates available for you.

Downey Banking Rates can connect you with right mortgage lenders that will offer you the best rates based on your current credit score. If you are looking for a local Downey mortgage lender, send us your information today and we will help you compare rates.

Downey, CA Mortgage Rates and Your Credit Score

Your credit report and credit score will greatly affect your ability to get a home loan in Downey as well as get a low mortgage rate. With so many changes in the Mortgage Industry, banks and mortgage companies have a more difficult time getting money or credit to help borrowers with low credit scores. If you have a low credit score, especially lower than 600, you may want to quickly get a copy of your credit report and see where you can improve your score. You can do this yourself, or look to Credit Improvement companies who will legally help you remove old accounts, mistakes, and other problems off your credit report and help you increase your credit scores.

• For a Free Credit Report, we recommend you visit GoFreeCredit.com
• For help with improving your Credit Score, you can visit GoLookOnline.com

Types of Mortgage Loans

There are many types of mortgage loans. Whether Downey, CA homeownership is a dream youre working toward, or youre looking to add to your property investments, Downey Banking Rates can help you find the best mortgage rates. The most popular types of mortgages are:

• Fixed Rate Mortgages
• Adjustable Rate Mortgages (ARMs)
• Refinance Mortgages

No matter what type of mortgage seek, we connect you with lenders who offer adjustable rate mortgages or fixed rate mortgages, and if youre looking to refinance you Downey, CA mortgage loan, we can help you, too.

Interest Rates in Downey, CA

One of the most confusing aspects of Mortgage rates is understanding the difference between an advertised Interest Rate and the APR, or annual percentage rate. The APR is the actual interest rate that you will pay on a mortgage loan including fees. This makes it easier to compare rates that do not have fees with rates that may include fees or points. The APR was intended to make this comparison simpler, but instead, it often adds to the confusion. Just keep in mind, that the Annual Percentage Rate is likely to be different than the advertised mortgage rate because of the additional fees.

The overall range of mortgage rates are determined by the interest rate Mortgage Bonds or Mortgage Backed Securities. Mortgage rates are based on long-term investment strategies. The supply and demand of the Mortgage Bonds and Securities are the strongest factor for influencing the overall range of the rates. The lower the demand, the higher the supply and the lower the rates.

Search for Mortgage Rates in Downey.