June 29, 2008

Feng Shui Tips Concerning Color

 

Have you ever noticed that you can walk into some homes and they just feel good while other homes, even though they are decorated nicely, just don’t make you feel the way you did in a home like the first one described?

Feng Shui is not a new idea but it has gained popularity in our Western culture over the past few years. My impression is that some take Feng Shui to an almost “religious” level. I don’t get into it that much but I have learned to agree with some of the basic principles of Feng Shui as far as decorating/arranging items in a home is concerned. Several of the agents in my office have taken the time to learn a few things about Feng Shui as added training we can use to enhance our services to our clients in preparing their homes for sale.

 The principle behind Feng Shui concerning home decorating has to do with placing objects in a manner so that the positive “Qi” can flow freely through the home. This is something to take into consideration in our everyday lives. If we feel good about our surroundings, we feel good about life.  Incorporating Feng Shui into your home’s decor  when it is time to stage your home for sale can give you and edge over your competition. 

Feng Shui is very indepth and there is too much to it for me to begin to cover it adequately.  I am in no way an expert on this subject, but I wanted to touch on a few ideas concerning color and how it can affect our lives and our moods in our homes.

Blue is a soothing color that can promote good energy.  Words that may be associated with the color blue are calming, love, healing, relaxation, peace and trust.  Lighter blues are associated with nature such as sea and sky.  Darker blues can be associated with wisdom and intellect.  In excess, blue can be depressing and inhibit productivity. .

The color Green is nature, it is an earth tone. Green words are:  Freshness, growth, peace, comfort, soothing, and balance.  Green can be restful and energizing.  Too much green can be depressing and is associated with selfishness, laziness, and jealousy.

Red is bold and is considered to induce feelings of wealth and happiness. Red is associated with “fire”.  Red words are:  bright, luck, strength, joy, motivation, happiness, and love.  Too much red is believed to generate anger, fear, and agitation.  Red is best used as accents in an otherwise subdued room. 

Yellow is associated wtih warmth, motion, friendliness, good luck, joy, wisdom, optimism, insight, creativity, light, flexibility, and cheerfulness.  Yellow accentuates natural light which can brighten the soul.  In excess, yellow can be overstimulating and irritating and is associated with cowardice and prejudice. 

 Orange  is believed to strengthen concentration and give you a sense of purpose.  Orange words are creativity, inspiration, purpose, organization, optimism, confidence, happiness, ambition, energy, and activity.  Too much Orange is believed to enhance nervousness and restlessness. 

Black symbolizes money and income, and is considered great for careers, hence, it is a good color to use in an office.  Combined with metal, it becomes even stronger for business.  Black words are emotional protection, power, introspection, absorbant, silent, dramatic, powerful,   Black is also associated with death and grief, mystery and the unknown.  Excessive black is overwhelming, draining energy and vitality.

White  is considered purity.  Poise, confidence, calm, harmony, truth, spiritualilty, and divine knowledge are associated with White.  Overdone, it can feel unfriendly, unapproachable, and sterile.  White can also mean a lack of imagination in home decorating.

Violet is associated with spiritual awareness.  Intuition, wisdom, dignity, spiritual awareness, prosperity, aspiration, and motive to do good.  Purple has been considered regal or royal.   The down side of purple is snobbery and prejudice.

Pink  hues signify spiritual completeness, self-respect and awareness,  and a sense of contentment.  Pink is a symbol of self-respect and self-awareness.   Too much can be mentally draining.

Brown is stable and balancing and can create a sense of security.  In excess, it can inhibit vitality.  

Each color affects us in different ways, each stimulating a different response.  The way each color is used in a home can also affect us.  If an office has too much blue which is a dreamy color, it can inhibit production.   Toning down or playing up colors in your home can help the way you or your home feels and functions.  

Have you noticed how many homes have a red front door?  Whether these homeowners knew anything about Feng Shui or not, something about a red door makes people happy.  Red is considered to induce happiness, love and wealth, all things most of us want in our homes.  However, if you have a bright red door and you feel overwhelmed as if your personal time is hard to manage, some consider that the bright red is encouraging the high energy and overstimulation.  You may want to try a more subdued red to experiment if that will calm things down a bit.  You may even want to try a more tranquil blue. 

Feng Shui suggests that we might use warm colors in the living room, dining room and kitchen.  Cool colors in bedrooms, bathrooms, and rooms where you might tend to meditate.  Neutral or earth colors are best used in transitional areas such as an entryway or hallway.  Neutral, earth colors have a unifying influence and can be used anywhere. 

Color is only one aspect of Feng Shui but it can be a place to start if you want to bring more balance into your home.   People that have a natural knack for decorating may have no training of Feng Shui but they unknowingly sense the basic principles.  I think that Feng Shui developed as more of an observance than an art.  Someone in the beginning just noticed that some homes have a more positive energy and promote happiness, calm, good health, etc. while other homes seemed negative, chaotic and depressing. 

If you are planning to sell your home, you may want to consider what type of energy your home is emitting. 

 

 

 

 

 

 

 

Filed under: Blogroll, Buying, Luxury Home Market, Real Estate, Selling — Susan @ 11:15 am




June 26, 2008

Luxury Home Specialist

Luxury homes are a unique market. Many agents do not understand the nuances of the luxury home arena. When I go on agent tours and a million dollar home is included on the schedule, I am often amazed at the lack of understanding some agents seem to have of this market. I overhear many comments, sometimes even from the listing agent, such as, “Please make sure you give me suggestions on the price…because I just don’t see it”, or “I don’t see how this home could possibly sell for that much”. I once even heard, “these people are crazy if they think they can get that much for this house.”

I can only imagine that for many agents, homes in that price range are just too out of reach for them personally, so there is just no comprehension of how a luxury home buyer thinks. They just can’t comprehend that a home feature such as privacy and security is something that might tempt an affluent person to be willing to pay a higher amount per square foot to attain. Acquiring wealth, while most people would like to do so, can also come with a higher risk to the family. Burglary, kidnapping, extortion are more likely to be a reality for affluent families. Therefore, paying a large sum to attain such a feature and peace of mind is considered well worth the price.

It is important for a luxury home seller to be aware that not all agents understand this niche of the market. I have earned the CENTURY 21 Fine Homes and Estate designation. To do so, required extra hours of specialized training to prepare me to understand the luxury home buyer and market.

Remember that it is important to hire someone that understands luxury home pricing, buyers, and marketing. I believe my training and experience in this area make me a good choice as your lisiting agent. I would be happy to talk to you about my specialized services.

Filed under: Real Estate — Susan @ 1:26 am




June 23, 2008

Gift Cards

I have two daughters that got married within the last year.  One has recently discovered that some of the gift cards she recieved as wedding gifts are expired or about to expire.    One card was a Visa gift card for fifty dollars.  It expired in October.  She was married in July.  Since October, Visa has taken a two dollars and fifty cents maintenance fee per month and will require an additional six dollars to reissue the card.  They also have the option to pay ten dollars to recieve a check for the balance. 

Both daughters recieved many gift cards, which combined, was a substantial value.  They both spent much of the gift card value at the respective stores but after purchasing everything that they could imagine they would need, they decided to save a few cards for future needs as they came up.  It is only now that they have discovered that it is “use it or lose it” gift.   This was a surprise to my daughters as well as many people that have commented to my daughter’s blog post on this subject.  Apparently, as many of her friends have also recently married, they are all wondering if those gift cards they were saving for “just the right time” are worth anything anymore.

I have been told several times that in Utah, it is illegal for a gift card to expire.  That made sense to me because the store takes the money.  If you give a person money as a gift, the money will never expire.  Therefore, a gift card should not expire either.  That just seems logical.  However, I have purchased movie ticket gift cards for clients that have not been honored at the theater.  It made me feel bad for my clients.  I promptly replaced the gift cards with new ones. 

This has me re-thinking buying gift cards all together.  My thoughts are:

  1. If you give someone money, it will not expire, ever.
  2. If you give someone money, they can spend it anywhere and not just at the prescribed store or vendor.  This takes out the guess work of deciding which store/restaurant/vendor your recipient would appreciate the most.
  3. If you give someone money, you are not placing that person at the mercy of ever-changing rules.

It feels kind of like playing a game where the rules change at every turn while the rules are always in the opponents favor and never in yours. 

 

Filed under: Blogroll, Community, Credit & Finances, Personal — Susan @ 12:03 am




June 20, 2008

Costa Rica Travel Pics

Here are a few pictures from my trip to Costa Rica:


Me Careening Wildly Across a Zip-Line
From Tree to Tree

12 Ft Crocodile (In a Wildlife Refuge)
Me Diving in Costa Rica (notice the visibility)


Spotted Scorpion Fish


Isla Tortuga

(drag the image into your URL box to see them in full size)

Filed under: Real Estate, Vacation Homes/Resort — Susan @ 7:13 am




June 18, 2008

1031 Exchange

http://www.afdp-publishing.com/AFDP-Publishing_Books.htm

I am excited to announce that CENTURY 21 Bushnell has formed a relationship with 1031 Exchange Service Center.  That means that we can soon offer Qualified Intermediary services to our clients.  I anticipate that this will be a service that will be beneficial for many of our clients. 

What is a 1031?

Internal Revenue Code 1031 enables investors to sell qualifying properties and reinvest the proceeds from that sale into a new qualifying property while deferring both the federal and state capital gain tax. 

Why Exchange? 

Capital gain taxes can be as much as 25% of the profit on the sale of investment properties.  By exchanging the profit from one investment to another,  you can defer paying the taxes which leaves you more capital to reinvest in replacement property. 

Example:

A property purchased several years ago for $500,000 is now being sold for $1,000,000.  Without 1031, assuming a combined federal and state capital gain tax of 20%, a seller’s tax liability would be $100,000 on the capital gain of $500,000. 

Sales Price         $1,000,000
Original Price       -$500,000
__________________________
Capital Gain:         $500,000
Tax Liability:            x    20%
__________________________
Tax Due                $100,000

A 1031 Exchange is beneficial to those who own more than one property or for those that have realized more than a $250,000 (for a single owner) increase in value at time of sale or $500,000 (for couples filing a joint tax return).   You must have lived on the property 2 of the last 5 years to qualify for this capital gain tax exclusion.  This exclusion can be realized every 2 years on primary residences.  Capital gain in excess of $250,000/$500,000 will be taxed at the applicable rates. 

 

 

This blog post is informational only.  It is not to be used in place of tax or legal advise.  If you have specific tax or legal concerns, you should consult with an attorney, CPA, or financial advisor. 

Filed under: Real Estate — Susan @ 8:00 am




June 15, 2008

Costa Rica

If you are looking for an exotic location for a vacation home, I think Costa Rica might fit.  I just got back from Costa Rica and I am infatuated with the place.  I stayed in the Herradura/Jaco area.  I stayed on the ocean, with a beautiful beach.  The sand where I stayed is dark and the water was not clear like I am used to on the Caribbean side but the water was still warm and the view from my room was breathtaking.  The Herradura/Jaco area is on the verge of great development.  There are several new condo developments being built in various locations in the area, but it is still a quiet community.   

Costa Rica is very mountainous and rich with tropical vegetation.  There are beautiful white sand beaches in the area and surfing is a big attraction.  Costa Ricans understand the need to preserve their resources and currently claim to have protected more of their land than any other country.  Throughout the country, representative sections of all the major habitats and ecosystems are protected  such as forest reserves, wildlife refuges, and biological reserves including marine life.   

We hiked through the jungle, took a boat ride up a river and saw crocodiles, (huges ones), and we rode zip-lines along the rainforest canopy.  We scuba dived several of the most local sites but due to a tropical torrent a week before we arrived, the visability was not optimal.  One day’s diving included an hour boat trip to an island called Isla Tortuga.  That was a beautiful place with a beach that some might rank a ”10″.  White sand, clear, warm water and beautiful views.  There were several small islands in the area which we snorkeled and dived.  I would love to go back December-February, their summer months, and dive again when the rainy season is not washing mud and particles into the ocean.   

If you are looking for a vacation home, feel free to give me a call.  I would love to share my insight on the many  vacation spots that I have visited. 

 

Filed under: Real Estate — Susan @ 9:15 am




June 10, 2008

Broom Clean

I just closed on a deal for a buyer.  She bought a nice condo in Springville.  The day she was about to move in, she called to say that there were 4 tires in the back, an ironing board, misc. items about the property, and several boxes in the crawl space.  She asked if I had an industrial strength broom so she could sweep it out. 

The Real Estate Purchase Contract in the state of Utah obligates the seller to make sure the property is “broom clean” on day of possession.  That means that there should not be anything on the property that cannot be swept out with a broom.  Unless an agreement has been made between the buyer and the seller to leave personal possessions, the seller is obligated to clear it out.

Filed under: Real Estate — Susan @ 12:20 pm




June 5, 2008

Choose Wisely

I have said it before but I feel the need to say it again.  Choose your Real Estate professional carefully.  There are many agents in this industry.  Some are very good at what they do and some…well, just give the rest of us a bad name. 

Utah always ranks high in mortgage fraud incidence.  I do not understand why that is when the predominant religion in the state encourages that it’s members should be “honest in all their dealings”.

It is simple to avoid going to jail for mortage fraud.  DO NOT LIE.  Do not sign documents stating that you intend to live in a home if you do not intend to live in that home.  Do not say that you make more money than you do.  Do not say that the money you are using for your down payment was in your bank account all along if mom and dad gave it to you a month ago…etc.

Do not lie!  It is as simple as that.   Now, if you have a real estate professional, a loan or escrow officer, friend, foe, stranger, or your neighbor’s dog tell you, “It’s ok, everyone does it.”   That does not make it right, nor will it make you innocent when the law catches up with you. 

Money from loan fraud schemes has been found to make it’s way to terrorist organizations in the Middle East.  Think about that the next time someone tells you it is an innocent “white lie”. 

 

Filed under: Real Estate — Susan @ 10:20 pm




June 3, 2008

Something went wrong…

For some reason, the numbers in the statistics on my last post are not posting correctly.  It looks fine in my editing format but in the published version, it is messed up.  I am going to copy and paste the correct numbers here.  Also, if you click on the chart, you can see a large enough version to read the statistics on it.  Sorry about the technical difficulties.  We have been making a few changes.  I hope that is all it is and it will all be worked out soon.  Thanks

1,832  Homes sold under $500,000 in Utah County the last 180 days (6 months).
1,030  of those sold in the last 90 days.
690    in the last 60 days.
298     in the last 30 days.

In the last 30 days:

12 Homes sold between $500,000 and $600,000
3   between $601,000-700,000.
3   between $701,000-800,000.
1   between $801,000-900,000.
0   over $900,000.

3 homes sold over $900,000 in the last 90 days.





June 2, 2008

Utah County Home Sale Statistics

1,832  Homes sold under $500,000 in Utah County the last 180 days (6 months).
1,030  of those sold in the last 90 days.
690    in the last 60 days.
298     in the last 30 days.

In the last 30 days:

12 Homes sold between $500,000 and $600,000
3   between $601,000-700,000.
3   between $701,000-800,000.
1   between $801,000-900,000.
0   over $900,000.

3 homes sold over $900,000 in the last 90 days.

 

Filed under: Real Estate — Susan @ 7:38 am