When youre selling your property, doing some very simple things can give you an amazing bang for your buck. One of those things its called staging. Its basically remodeling or redecorating your home to make it attractive to any potential buyer so important. And the results . They can be dramatic. We tagged along with professional home stager jennifer paxson, as she transformed two properties that are about to hit the market. What we do as stagers is we bring furniture in so that people can see how they could live in the space. We make people have an emotional connection so they see the way that they could live life. For Property Number one, jennifer went way beyond traditional staging and worked with the homeowner on repainting, restaining cabinets, and even replacing carpets. The style of the home is very traditional. And what were trying to do is make it transitional because transitional is gonna bring the traditional style as well as contemporary pieces. Contemporary pieces are more of what buyers look for today. Its more livable, its more realistic, and its more comfortable. In this room, what were doing is changing the paint color because what this paint color does is it darkens the room. So, were bringing in some lighter colors. Were gonna do barstools. Were gonna do accessories, bowls. Youll see a pasta with pasta sauce. So, they can actually connect. In this room, its gonna be a sofa, a chair. We put down a large area rug. Its a huge transformation when you see the after. We dont ever want to clutter a space. We just want to accent it. This room here is gonna be the game room. Were actually installing real tvs. Were bringing in a large pool table, some furniture like a sofa, some comfortable chairs. This is the formal dining room. What were doing in here again is painting to brighten up the room. Were bringing in a large, formal dining table, six chairs. So, i set the table, bring in floral arrangements, things that are again going to have the emotional connection that we can entertain here. This is where were gonna have our friends and family and enjoy. Were now heading into the master bedroom. Were going to warm up the space by bringing in a large kingsized bed with nightstands, lamps. So, jennifer, the last time i was here, there was nothing here. We have added furniture and accessories to all the main areas of the home. Weve brought in all the masterbedroom furniture. A few weeks ago, this room was vacant. Now that the furnitures in, you can imagine yourself sitting by the fire reading a book. Whats the difference between a stager and a decorator . Interior design were focusing on decorating for a person. Like, id be decorating for you and your taste. Only 10 of buyers can visualize what a home actually is going to look like with their furniture. Home staging is more about appealing to 90 of the population. The cheapest and most effective thing you can possibly do is paint. Its the best thing to totally transform a home. Property number two presented some unique challenges. Its another beautiful home with a massive open kitchen that opens out into an unbelievable outside area. We have a gorgeous Outdoor Living space. You have the pool with the grotto, the waterslide. And this room is the master bedroom. What were going to do here is a large, kingsize bed with end tables and lamps. You want the potential buyers to see this room and just fall in love with it. You know, jennifer, the last house was beautiful, but i must tell you, this is magnificent. The last time we were here, a lot of these things werent here, like this beautiful sitting area. Mmhmm. With just firstclass furniture. What did you do in here since the last time we were here . This room was completely vacant. What weve done is weve brought in all the accessories to warm up the kitchen. Mmhmm. I like to make it have a homey feel. The spices are out. The pastas are out. You know, just little touches like that that will connect them to the space. In the living room, weve added a large sectional so they can see themselves and their family having somewhere where they can hang out. This magnificent pool area was nothing like this. No. This is more of a remodel. Theyve actually emptied the pool. Theyre staining, refinishing, and sealing all of the rock area. What input does the homeowner have as it relates to the proposals that you make . Like, you say, i think this dining room should be oak. And somebody says, oh, i hate oak. Right. So, how do you react to that to make them understand that thats really appropriate . Well, what i try to do is just convince them. We are looking at your home as a product now. We want to appeal to the 90 of buyers out there. You want the majority of people to like the home when they enter it. People have to understand that this is a milliondollar home, but you could do this with really any reasonably priced home. Yes, any home. Yeah, and thats an Important Message out there. Great job. This is beautiful. Thank you so much. Thank you. Theres no way to talk about properties without dealing with the topics of credit. Lending and debt well, those things can seriously trip you up and haunt you for years. Ill tell you how to protect yourself and come out the other end successfully. Plus, behind the scenes at one of the strips hottest condos. [ woman vocalizing ] i love to eat. I love hanging out with my friends. I have a great fit with my dentures. I love kiwis. Ive always had that issue with the seeds getting under my denture. Super poligrip free. It creates a seal of the dentures in my mouth. 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Right now, congress is talking about tax cuts that will add trillions to our National Debt and hurt our economy. Its time to tell congress. Dont borrow more money from china. And leave more debt to our kids. Keep your word. Tax cuts shouldnt add to the National Debt. And im the founder of ugmonk. Before shipstation it was crazy. Its great when you see a hundred orders come in, a hundred orders come in, but then you realize ive got a hundred orders i have to ship out. Shipstation streamlined that wh the order data, the weights of , everything is seamlessly put into shipstation, so when we print the shipping ll everythings pretty much done. Its so much easier so now, were ready, bring on t. Shipstation. The number one ch of online sellers. Go to shipstation. Com tv and get two months free. My business was going nowhere. So i built this kickin new website with godaddy. Building a website in under an hour is easy 68 of people. Who have built their website using gocentral, did it in. Under an hour, and you can too. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images. And. Youre done and now business is booming. Harriet, its a double stitch not a cross stitch build a better website in under an hour. Free to try. No credit card required. Gocentral from godaddy. Nearly every person in america at some point in their lives will need to understand the complicated issues of credit, lending, and debt. But to really understand it all, you first have to go back about ten years before the credit bubble burst. Housing prices were booming, and mortgages were being given away like candy. Were talking no income, no assets, stated income, stated assets that never were intended to be used on wage earners but then allowed people to get into homes they probably should not have bought. Theres surely some fault on some homeowners in america that got into the American Dream but really shouldnt have been able to get into that American Dream. In many institutions, you would have a chief lending officer. Chief lending officer is chasing production for productions sake, making loans, as many as they can, and not caring about the credit risk. Soon, millions of people were having trouble paying back the money they had borrowed, and foreclosures skyrocketed. The two most common ways of saving a home from foreclosure are persuading the banks to modify the loan or doing a short sale, which means selling the property for less than what is owed on the mortgage. You had to be in such a sweet spot to get a loan modification. You couldnt make too much money. You couldnt make too little because the banks wanted to see you could afford the payment long term. So, if you werent in this little, tiny piece of pie that they cut out, you were going through months and months, if not years, of supplying paperwork to the banks, giving them your pay stubs, your bank statements, hardship letters, over and over again on a monthly basis and really getting nowhere. Its much better for us to keep a borrower owner in their home than to take that home back. But many responsible people, those doing everything they could to stay afloat but still struggling were often told that the only way they could get help was to actually stop making payments. Most of the times they said, well, you know, you can make your payments on time, but wink, wink, nudge, nudge, youre probably not going to get approved because youre not our problem. Youre making the payments. Why are we gonna look at you when we have a stack of hundreds on our desk . That are in default. That are in default. So, now they have the hit on the credit. Theyre not getting a modification. And now what do i do . Now, even though things are getting better, theres still a lot of unpaid debt out there. And when you borrow money that you cant repay, it doesnt just go away. Eventually, debt is often sold to debt collectors, sometimes for pennies on the dollar. And to collect on it, they can get very aggressive. When times got tough for jeffrey smith, he turned to payday loans to cover his expenses. A knock comes to our door. I open up the door, and its one of the people from the payday loan companies. A manager is knocking on the door, asking us for money. Im sorry. Were going through bankruptcy. No, no. You owe us a debt. You have to pay up. No, you have to get off my property. No, no, you have to pay up now. And he wouldnt leave. But what if you dont even owe the money . Joe hernandez and his wife, well, they were always very careful to pay their bills on time and keep their credit good. But that didnt seem to matter. We started receiving phone calls just out of the blue, and they would call and they would ask for somebody with the last name of hernandez, like mine. And it usually was john or joel or jeff or julie or judy. I continually told them that they had the wrong number and to quit calling us. I thought that would end it, but of course it didnt. Did they call all times of the day . Wed get calls early in the morning, late in the evening, on the weekends. It didnt matter. Sometimes wed know when the phone rang that it was some Collection Agency trying to collect. Sometimes they would call and then about not even a halfhour or an hour later, they would call again. And we could tell by looking at the phone, what phone number it was, and it was e same numbe h many times do you think they aually called you . On a daily basis . Yes cld be anywhere from 3 to 14 we just got tired of the phone calls. It seemed like we were being harassed on a regular basis. It interrupted our life, and we just thought, you know, we just want them to stop. Eventually, they couldnt take it anymore, and they called attorney Kevin Hernandez no relation. Its a cost benefit that they go through, these collection companies go through. They say, well violate the law this many times, and maybe one or two of these people, like the hernandezes, will seek an attorney. The rest wont, and they can recover off of those people who are scared and who want to pay the debt just to make the calls stop. We were told that they were in violation of federal law and that there was some recourse that could be taken to stop the harassing phone calls. When you first get a call from what is perceived to be a debt collector, do you think, well, gee, is there a bill i didnt pay, and i forgot about it . Did that ever come across your mind . You know, you kind of think about it, but we know that were very current on our bills, and we check our credit scores, and there was no credit problems. So, as soon as i realized it, i thought, well, why am i being harassed for something that i dont owe . There is intimidation and fear and coercion by these cause these people are really pros. Theyre very disciplined people. Theyre not afraid of rejection. One thing i want to make clear is that Debt Collection in general is a legitimate business. Sure. And so, i dont want to disparage the business in general. But if you look at some of the players in the game, especially here in las vegas, you see that the collection tactics they use, like calling at odd hours of the day, calling multiple times per day, telling people that theyre gonna go to prison for a debt, telling people that theyve opened a case against them and making up a case number these are things that i see all the time, and theyre things that are obviously clear violations of the federal law that we use to file these cases. If people realize that didnt owe, they probably say, well, yeah, you owe 100. Well settle for 50. Im sure thats a common tactic. It is. It is. Ive seen as low as 16 in some cases, where they claim that they owe 16, and they have no verification, no basis for it. And theyll tack on fees on top of that to make, you know so, oh, youre gonna pay for this debt . Well, now you have to pay for our attorneys fees or our costs. And if youre wondering what happened to Joe Hernandez and his wife, whose phone just wouldnt stop ringing . Well, they filed suit in federal court. Its interesting. As soon as the federal litigation was filed, the calls immediately stopped. So many people have lost so much in the last several years because of the realestate crisis and just enormous amount of debt. And theyve been harassed by debt collectors. Im gonna give you a checklist of what your legal rights are if youre being harassed by a debt collector. And also, you want to see some beautiful condo living on the las vegas strip, the center of las vegas . Well be right back. This is the property man. [ woman vocalizing ] Liberty Mutual saved us almost eight hundred dollars when we switched our auto and home insurance. With liberty, we could afford a real babysitter instead of your brother. Hey. Oh. Thats my robe. Is it . You could save seven hundred eighty two dollars when liberty stands with you. Liberty mutual insurance. [lagale force winds,s absolute chaos out here accumulations up to 8 inches. Dont know if you can hear me, but [monica] whats he doing . [lance] can we get a shot of this cold front, right here. Winter has arrived. Whooo hahaha [vo] progress is an unstoppable force. Brace yourself for the season of audi sales event. Audi will cover your first months lease payment on select models during the season of audi sales event. Whuuuuuat . Rtgage offer from the bank today. You never just get one offer. Go to lendingtree. Com and shop multiple loan offers for free free . Yeah. Could save thousands. You should probably buy me dinner. No. Go to lendingtree. Com for a new home loan or refinance. Receive up to five free offers and choose the loan thats right for you. Our average customer could lower their monthly bills by over three hundred dollars. Go to lendingtree. Com right now. Welcome back. Im bob massi, the property man. More than 500,000 americans buy condos or coops every year. If youre thinking about joining them, go to foxnews. Com propertyman, and ill tell you what to look for and what to watch out for. But first, lets check out a unique complex right here in the las vegas area. You could find luxury condos in just about any city in america nowadays. So, what makes these special . Well, its the old cliche about real estate location, location, location. The veer towers were built in 2010 as part of the city center development, right smack in the middle of las vegas strip. City center has been called a city within a city 67 acres of shops and restaurants, hotels, and apartments surrounded by that famous las vegas strip. The veers unique buildings stand out due to their bright yellow color. And, by the way, they were built tilting outwards at 5degree angles. Lets go get a tour. Were at the veer towers on las vegas boulevard. This is the famous strip. So, obviously, this is a spectacular place overlooking the strip. Tell us about this particular setup. This residence is one of our twobedroom condominiums. Were on the 15th floor, a little over 1,300 square feet. We have a kitchen area, dining area, living room, sort of all selfcontained. Correct. Clients can purchase them and do whatever they want as far as the decor. What is standard, though, if you look at the kitchens, for example the bosch appliances, the countertops. All that stuffs standard, whether you go to a studio or, for that matter, one of our threebedrooms. Our success is really based on where we are. You move these buildings two blocks in either direction, our numbers would be different, completely different. Vegas has always been known for destination, place to come and hang out, but never for, like midtown manhattan, where people are coming and buying facilities like this, buying a condo to live here or invest in it. So, thats a big change for vegas. I think so. And its starting to change more in what were seeing. In other words, when we first started, you would see a lot of the investor market coming. Over the last year, its changing a lot of the endusers now. As nice as the hotels are, its still a hotel room. This is their place. They sleep on their own pillow. Aint it good to come home . Here we have obviously a bedroom. Yeah, youre going into the master bedroom. The thing to point out here is the bathrooms, because these are the standard finishes that we have throughout the building. Lets talk about the price range. Okay. This is 1,300 and. Little over 1,300 square feet. So, how much is this, if somebodys gonna buy it . As you see it here, fully furnished, youre looking at 1,025,000. Okay. Turnkey everything you see. And you go from a studio . Oh, no, we have condominiums that are 250,000. Okay