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 Personal Loan Rates

Guadalajara, Mexico, is Downey’s fascinating sister city. If the two cities’ relationship has piqued your interest to travel, why not go on a big fun trip? A personal loan could help make it possible. Before you do anything, however, visit Downey Banking Rates. We could help you find a Downey low rate loan.

Finding the best personal loan rate is time-consuming, boring, and oftentimes overwhelming. Let Downey Banking Rates do the heavy lifting for you, by finding a loan rate to suit your budget.

Your Credit and Personal Loans

Creditors like to see a variety of different types of accounts in your credit history. This includes revolving credit, such as credit cards and home equity lines of credit, installment loans, such as auto loans, personal loans and student loans, and mortgages. However, having too many personal loans could negatively impact your credit. Before you apply for a Downey personal loan, you should get a free credit report and learn your credit score.

Getting a personal loan can help you establish your credit. Personal loan rates are typically based on the credit worthiness of the borrower, as well as the credit worthiness of any co-signer. The better the credit score the lower the personal loan rates. Banks and lenders look at many things to approve an applicant, or approve a person looking to consolidate their loans, but in order to get the lower loan rates, a borrower should either have very strong credit, or at least find a co-signer with great credit.

Types of Personal Loans

No matter what type of personal loan you’re looking for, Downey Banking Rates can help connect you with a Downey lender with the best rates.

Personal loans are a quick and easy way for people needing cash to borrow money. These types of loans tend to be unsecured, meaning that no collateral is needed to secure the cash advancement. To qualify for a personal loan, individuals need to provide their full name, social security number and prove their income. Once approved, in just a matter of hours money can be transferred into a personal account.

Types of personal loans:

• Secured and unsecured personal loans
• Short term personal loans
• Payday or cash advance loans

If you do not understand the ins and outs of personal loans, Downey Banking Rates can help you feel confident with current rate information, explanations of the different types of personal loans and access to many different lenders. You are assured to get the best Downey personal loan rates.

Best Personal Loan Rates in Downey

If you have good credit, you will be able to qualify for a low personal loan rate. Short term loans tend to have higher rates, as do payday loans or cash advances. For the best personal loan rates in Downey, consider getting a loan secured with a vehicle or property.

Most personal loans are granted as unsecured loans. Borrowers do not necessarily need to have the best credit or even any type of collateral as that is not the primary concern for the providers of these types of loans. Unsecured loans are provided more on good faith and what lenders need to provide are their name, social security and income verification. No collateral is needed so if the loan goes into default, the lender will not get anything in return. Higher rates are the price to pay for not having collateral or a co-signer on these types of loans.

Using Personal Loans to Consolidate Debt in Downey, CA

Personal loans are also excellent tools for debt consolidation. As opposed to having multiple debts on a variety of credit or store charge cards with a variety of APR rates and payment deadlines, a personal loan can make the process easier to manage. By taking out a personal loan, all the debt can be paid off and that one debt can be easily managed. Many times, a personal loan rate can be lower than a credit card interest rate, making the personal loan interest rate an advantage.

If someone chooses a secured personal loan to consolidate their debt, they also may be able to take advantage of a longer repayment schedule with more flexible terms and conditions than their existing debt holder.