-- How to Safely Buy and Sell a Distressed Property"
© Kathryn Weber
In today's real estate market, there are more homes than ever for sale by owners that have gone bankrupt, have lost value or have been foreclosed on. There are also plenty of short sale homes on the market and homes where the owners are under severe financial strain.
But is buying one of these houses a concern?
Feng shui would say yes, yet with so many of these kinds of homes on the market is it a fair assessment to assume that they're all a financial risk and would create more financial peril for a new owner?
It's tempting to buy one of these homes when they're priced so competitively and there are so many real estate bargains to be had. The question is whether buying one of these troubled properties means you will inherit the same kind of financial difficulties. Most feng shui consultants would advise against it, but it may not always be a bad idea if you know what to look for.
But what if you're in a financial bind and you're trying to sell your house? The ideas below will help you identify whether a foreclosed house is worth buying and, if you're strapped and trying to get out from under a mortgage, how to sell your house faster.
The foreclosed/short sale house
Check the northwest sector of the man. When considering buying a foreclosed or financially questionable property, it's vital to check the northwest sector. If it's missing or has problems, it might explain why the property is in trouble. In the northwest, the sector of the man, problems like a fireplace, gas stove or water heater are severe problems and cause loss for the man, such as loss of job, loss of money, such as bankruptcy, or loss of life such as from cancer or heart attack. Losing the breadwinner can cause home loss and might explain why this is a troubled property. If it has any of these problems listed, it's better to pass on the property.
Check the landscape. Houses that are below the street will suffer from severe obstacles and it's best to pass on these. Likewise, a house that has a backyard sloping away means money and energy are lost. There's little to be done when a house has these problems and it's better to pass them by.
Back door lines up with a window or door. This can cause money to be lost quickly. If you open the front door and have a view out the rear of the house of a lake, water or pool, then money goes out even faster. It's important to block this view with a wall, partition, or a heavy screen. This is often a correctable problem.
Master bedroom problems. While it's important that the head of the bed is against a solid wall, one of the most important considerations is where the feet point. If they're lined up with a window or door, this can create serious loss. Feet pointing toward a door are not a problem, it's when the bed is lined up directly opposite the door.
One of the most serious problems that is quite grave is when the master bed is placed where the feet point toward a bathroom, a sink, a tub or a toilet. This can create major illness. I've seen houses have a legacy of cancer and death from master bedrooms where the foot of the bed points toward a tub or sink in the bathroom. It's better to pass on this type of house.
Annual star problems. Sometimes a house experiences severe problems because it's been hit by an annual star. For example, if the 5 Yellow star flies into the master bedroom, there could be serious loss of money or health - or both - and that can explain a sudden financial downturn. The same is true if the 5 Yellow is at the front door - or the kitchen or where a fireplace is located. To know for certain, it helps to either know feng shui or hire a consultant who can give you the history run down once you decide that other problems aren't a factor.
But is buying one of these houses a concern?
Feng shui would say yes, yet with so many of these kinds of homes on the market is it a fair assessment to assume that they're all a financial risk and would create more financial peril for a new owner?
It's tempting to buy one of these homes when they're priced so competitively and there are so many real estate bargains to be had. The question is whether buying one of these troubled properties means you will inherit the same kind of financial difficulties. Most feng shui consultants would advise against it, but it may not always be a bad idea if you know what to look for.
But what if you're in a financial bind and you're trying to sell your house? The ideas below will help you identify whether a foreclosed house is worth buying and, if you're strapped and trying to get out from under a mortgage, how to sell your house faster.
The foreclosed/short sale house
Check the northwest sector of the man. When considering buying a foreclosed or financially questionable property, it's vital to check the northwest sector. If it's missing or has problems, it might explain why the property is in trouble. In the northwest, the sector of the man, problems like a fireplace, gas stove or water heater are severe problems and cause loss for the man, such as loss of job, loss of money, such as bankruptcy, or loss of life such as from cancer or heart attack. Losing the breadwinner can cause home loss and might explain why this is a troubled property. If it has any of these problems listed, it's better to pass on the property.
Check the landscape. Houses that are below the street will suffer from severe obstacles and it's best to pass on these. Likewise, a house that has a backyard sloping away means money and energy are lost. There's little to be done when a house has these problems and it's better to pass them by.
Back door lines up with a window or door. This can cause money to be lost quickly. If you open the front door and have a view out the rear of the house of a lake, water or pool, then money goes out even faster. It's important to block this view with a wall, partition, or a heavy screen. This is often a correctable problem.
Master bedroom problems. While it's important that the head of the bed is against a solid wall, one of the most important considerations is where the feet point. If they're lined up with a window or door, this can create serious loss. Feet pointing toward a door are not a problem, it's when the bed is lined up directly opposite the door.
One of the most serious problems that is quite grave is when the master bed is placed where the feet point toward a bathroom, a sink, a tub or a toilet. This can create major illness. I've seen houses have a legacy of cancer and death from master bedrooms where the foot of the bed points toward a tub or sink in the bathroom. It's better to pass on this type of house.
Annual star problems. Sometimes a house experiences severe problems because it's been hit by an annual star. For example, if the 5 Yellow star flies into the master bedroom, there could be serious loss of money or health - or both - and that can explain a sudden financial downturn. The same is true if the 5 Yellow is at the front door - or the kitchen or where a fireplace is located. To know for certain, it helps to either know feng shui or hire a consultant who can give you the history run down once you decide that other problems aren't a factor.
Problems with the front door. If there's a toilet over the front door on the second floor, this can cause problems for the home and home's owner. This will have to be removed or else pass on this property. This can also be a road that ends in a T-intersection at the door. If this can be blocked with a wall, hedge or some kind of block, it might be alright.
Serial owners signal serial problems. If the house has changed owners frequently or owners have all had serious problems, such as cancer or bankruptcy, it's much better to pass on these properties. The likelihood of having similar difficulties is much greater when two or more owners have succumbed to health and financial problems than just one -- and becomes exponentially worse with each additional owner.
Should you ever buy a foreclosed property?
Yes, but it depends. It's very possible circumstances, like the 5 Yellow, struck and the owners unaware of feng shui didn't know how to counter the effects. If the house has good landscape feng shui, no serious problems at the front door, in the northwest or master bedroom, then it just might be a good buy.
If you're also planning to do extensive renovations such as new paint, new kitchen, new flooring or dramatically changing the house, then it's possible you can bring new energy to the house and change the energy that's there. I've personally purchased three homes by older women, one who died, and made more money on those homes than homes that were built brand new and then resold. In fact, I doubled my money on the house whose owner had died, but it was also extensively renovated.
What if you want to sell your distressed property?
It's important you remove the signs of distress. It's critical that the house seems vital and energetic and not troubled, dark and distressed. Maintenance should be attended to, paint should be fresh (and so should the smell), the yard should be invigorated with new plants and there should be plenty of sunlight in the home and it must be meticulously clean. Many times homes in distress have dripping water. Be sure to stop all leaks. Lastly, using a little feng shui magic, remove the heaviest item from the south portion of the house.
Of course, it goes without saying that if you're considering an investment such as a new home, and particularly if it's a home with a questionable financial past, having a feng shui consultation is a very good idea and might help prevent a bad investment or make you feel more secure about your purchase.
Serial owners signal serial problems. If the house has changed owners frequently or owners have all had serious problems, such as cancer or bankruptcy, it's much better to pass on these properties. The likelihood of having similar difficulties is much greater when two or more owners have succumbed to health and financial problems than just one -- and becomes exponentially worse with each additional owner.
Should you ever buy a foreclosed property?
Yes, but it depends. It's very possible circumstances, like the 5 Yellow, struck and the owners unaware of feng shui didn't know how to counter the effects. If the house has good landscape feng shui, no serious problems at the front door, in the northwest or master bedroom, then it just might be a good buy.
If you're also planning to do extensive renovations such as new paint, new kitchen, new flooring or dramatically changing the house, then it's possible you can bring new energy to the house and change the energy that's there. I've personally purchased three homes by older women, one who died, and made more money on those homes than homes that were built brand new and then resold. In fact, I doubled my money on the house whose owner had died, but it was also extensively renovated.
What if you want to sell your distressed property?
It's important you remove the signs of distress. It's critical that the house seems vital and energetic and not troubled, dark and distressed. Maintenance should be attended to, paint should be fresh (and so should the smell), the yard should be invigorated with new plants and there should be plenty of sunlight in the home and it must be meticulously clean. Many times homes in distress have dripping water. Be sure to stop all leaks. Lastly, using a little feng shui magic, remove the heaviest item from the south portion of the house.
Of course, it goes without saying that if you're considering an investment such as a new home, and particularly if it's a home with a questionable financial past, having a feng shui consultation is a very good idea and might help prevent a bad investment or make you feel more secure about your purchase.
SOURCE: www.redlotusletter.com
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