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Selling Investment Houses: Psychology of Mirrors
Discover new interior Design Psychology strategies to increase your real estate profits. One technique, using mirrors as props for staging houses helps you sell your investment properties for more money, and fast. Take advantage of a tried and true sales technique: World Book Encyclopedia sales people asked the prospective buyer where they would put their bookcase filled with the Encyclopedia. Once the buyers visualized the set in their home, they were ready to sign the contract. Mirrors bring subtle psychological value to your home for sale. The prospective home buyers see themselves in the property and visualize themselves living in the home. Plus, not only do mirrors make rooms seem larger, they make rooms brighter by reflecting light. People feel happier in spaces with abundant natural light. You want your buyers feeling happy in your home, so they make a quick offer -- for top dollar! Look for mirrors at warehouse, discount stores, and yard sales. We have many mirrors purchased for $2.00 to $25.00 that we use again and again in our fixers. One extra large full length mirror cost $75, but this investment returns extra dollars in higher sales. Sometimes you can reuse mirrors that come with your investment houses. We took down a discolored bathroom mirror in one of our fixers. I "antiqued" the wood frame with a wash of white paint in five minutes and hung the mirror over the fireplace mantle. The buyers requested this mirror as part of the sale! Where to Place Mirrors 1. Opposite or near the front door so the buyers see their reflection right up front If your home is vacant, blend some mirror frames with the walls so that your home doesn't feel too staged. Landscape paintings balance mirrors, add deep horizons, reinforce interior design styles, and also make rooms feel bigger. Using mirrors as props in your presentation helps you sell your investment properties for more money, and fast. (c) Copyright 2005 Jeanette J. Fisher. All rights reserved. Jeanette Fisher, Design Psychology Professor, is the author of Sell Your Home for Top Dollar - FAST! Interior Design Psychology Secrets for Optimum Selling in Any Market, Doghouse to Dollhouse for Dollars: Using Design Psychology to Increase Real Estate Profits, and other books. For articles, tips, newsletters and more information on the only books to reveal interior design secrets to making top dollar in real estate, visit http://sellfast.info/ Questions? See our new blog http://sellfast.blogspot.com/
MORE RESOURCES: The 1960s Buff & Hensman-designed Wong House has a pool, a walled garden and downtown and ocean views. It seems as though actress Scarlett Johansson had no sooner sold her old place in the Hollywood Hills than she and her husband, actor Ryan Reynolds, closed on a house in Los Feliz for $2.9 million. Completed a few years ago, a Normandy-style estate was built to look a century old. Glen and Linda Keane felt guilty about tearing down the O'Melveny family home. After all, John O'Melveny was part of a group of Los Angeles businessmen who formed Lake Arrowhead Co. in the 1920s and oversaw the lake's development into a popular resort destination. The mortgage giant quietly launches the HomePath program, which offers subprime-era terms for buyers: minimal down payments, no appraisals, no mortgage insurance and lower minimum credit scores. If you're a buyer with little cash or a small-scale investor looking for a deal on a foreclosed house, a little-publicized national lending program could be just what you need this fall. How some of our previously featured properties have fared in the sales market. Buff & Hensman-designed beach house Lenders lose an estimated $310 million annually in undervalued short-sale transactions, according to a study released in August.
Question: I am fed up with my homeowners association and successive boards for sabotaging owner requests for records and refusing to fix maintenance problems in common areas that directly affect individual units. I believe I have no other choice than to sue the association and the boards. What are the steps I have to take?
Keeping tenant out over concerns of illegal activities may be viewed as a 'constructive eviction.' Such moves as changing the locks to prevent access can bring significant penalties. Question: I own a couple of houses that I rent out for extra income. Unfortunately, they are not in the best part of our town. I have a tenant living in one of them who may be dealing drugs or doing something else illegal because the police have arrested him several times. Every time he is arrested he makes bail and returns to the house in a day or so. Even though he pays the rent on time, I realize that I can't continue to allow him to live in my house. My plan is to change the locks the next time he is arrested, so he can't come back into the house. I know that I need to protect his property inside the house if I do this, but my plan is to move his belongings into a storage locker. I can't afford a lawyer to file an eviction case, so this is my only alternative. Will I be OK if I do this? July's increase from June in the National Assn. of Realtors' gauge for previously owned residences follows two straight months of declines and a report that sales of such homes dived 27.2%. An index of home purchase contracts for previously owned dwellings unexpectedly increased 5.2% in July over June, the National Assn. of Realtors said Thursday, a modest note of good news for the U.S. housing market. Treasury bond yields, which influence the home-loan rates, have surged since Tuesday. Mortgage rates fell for the 10th time in 11 weeks, setting fresh record lows, Freddie Mac reported Thursday. But a rebound in Treasury yields in the last two days raises the possibility that home-loan interest costs won't fall again next week. The home builder's stock soars 11% after an announcement that there will be no action taken as result of an investigation into the company's accounting procedures. Shares of Los Angeles-based KB Home soared on Wednesday after the home builder said an investigation by the Securities and Exchange Commission into the company's accounting and disclosure procedures had concluded and no enforcement action would be taken. |
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