Article contributed by Dr Alan Poon.
In just the blink of an eye, Chinese New Year has come and gone, though it was yet another low-key celebration.
We have come full circle since the outbreak of the COVID-19 pandemic that hit us a year ago, with every major festivity being restricted to flatten the curve.
Despite the hopes of many people for the nation’s economic trajectory to begin climbing upwards, property owners and investors are usually more conservative in their outlook.
Aside from those who are preparing their ‘bullets’ to add more investment-grade properties to their portfolio, there’s also the other side of the fence for those who are looking to sell off their assets at the highest possible price tag
No matter whether it’s for emergency purposes or simply to cash out as additional buffers, the question is: What can one do to sell their house for a better price, especially during these uncertain times?
Doing Whatever It Takes: The Feng Shui Way
There are formulas and forms in Feng Shui (also known as ‘Chinese Metaphysics’) which can actually help to ensure an investment-grade property is able to reap more yields, or even have a higher capital gain than others.
Putting all the complexity of this subject aside, generally, the cosmic energies in Feng Shui studies can be broken down into 3 aspects: ‘Heaven’, ‘Earth’, and ‘Man’ components.
These are also known as the ‘Three Cosmic Trinity’, which directly affect the luck or opportunity that comes. ‘Heaven’, in this context, refers to the Universal energies for a particular date and time.
While we cannot dictate timing of circumstances which are beyond our control (such as the occurrence of a worldwide pandemic), we can choose the location (‘Earth’) of our property, and what we do (‘Man’) with them as a commodity.
As the saying by famous author Stephen Covey (of the "7 Habits of Highly Effective People” fame) goes, “Begin with the end in mind”, one must be able to spot or identify an investment property.
This asset should be one that will be in-demand in the future, so as to ensure that it can be sold off for a good capital appreciation.
And the process of identifying such properties has everything to do with spotting the landform that surrounds the property, through the Feng Shui way (the ‘Earth’ luck) in Chinese Metaphysics.
At this point, some of you might be wondering if there could be a solution to fetching a higher price for your property, if it’s already owner occupied?
The answer is pretty simple: It all depends on what your next course of action (the ‘Man’ Luck, remember) will be!
For starters, a subsale property doesn’t mean it’s sub-par. As the owner, you can always give it a quick makeover before listing it for sale, such as a thorough cleaning and fresh coat of paint. After all, first impressions are everything.
In fact, you can even ensure that your property is optimised for the best possible balance of energies, so that potential buyers will be even more attracted to such a harmonious home!
However, It’s Really All About The Timing: First Come, First Sell!
While one may have an estimated price in mind that they’d like to sell their property for (read: a bottom-line price), timing is another important consideration that one must factor in.
The cost of opportunity may outweigh the risk of not able to let go of the asset much earlier. As we already know, real estate is pretty much an illiquid asset class.
What this means is, even if you have secured an eager buyer, the transaction may need between 3 to 6 months to complete (not an instant process), subject to the property type (whether it is freehold or leasehold).
There will also be the necessary deductions on the total selling price (less profit than you thought!), from all the expenses that will be incurred.
Therefore, it’s very important to understand the selling process of your property, to ensure the outcome is within your set of expectations.
Good luck is actually a result of our preparations in meeting the opportunities that do come our way.
If we’ve already prepared ourselves to sell the property with the necessary bottom-line price, all we need is to ensure we capture the opportunity when it presents itself.
But what if there are not many buyers, especially during these uncertain times where people are facing financial difficulties?
Would you consider more offers before you decide to go for the highest offer? It may seem logical to do so, but in today’s reality, such strategy may seem a bit far-fetched as well.
You see, buyers have so many options to choose from now, especially with many Malaysians losing their jobs and thus needing to sell their properties. This is where the ‘Man’ Luck needs to come in.
When the first offer comes along, it’s best to optimise the opportunity to ensure it goes in the seller’s favour. To do that, one needs to ensure that the buyer likes not just the house, but you (the seller) as well!
Tap into energies in the house (for 2021, check out this guide on how to harness the "Ox-picious Qi", which is to use the South sector) for helpful people to come into your life and help you achieve your goals.
Treat the buyer as the last option you have instead – your ego has to step aside. The benefits of doing so should far outweigh the risk of not able to find the next best offer.
Now that we know you have to proactively get involved, it only makes sense that you’d to improve your communication skills and likeability (look within to project your best self), and prepare to close the sale when it comes!
May The Force (Of Feng Shui) Be With You!
Ever heard the quote of “Ignorance is bliss”? Well, it may be useful in certain scenarios, but NOT when it comes to the world of investment.
There’s absolutely no harm in following a variety of advice, especially when it does not hurt anyone, or require any form of modification to the property.
More so if it is about reaping the profits from our investments, by tapping into the good energy forces that support such actions, and thereby manifesting the results into reality.
For those who are already in the Chinese Metaphysics scene as a practitioner and applying them in your investment journey, we applaud your "never try never know" attitude!
For those who have yet to give it a try, it’s perfectly understandable to be wary of something new, and may this article shed some light into the ‘unknown’.
We wish you the best of luck, and don’t forget these parting words of wisdom from Mark Twain: "The secret of getting ahead is getting started"!
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Dr Alan Poon is an award-winning international speaker, serial entrepreneur and author of the three “Good Tenant, Great Tenant” book series on tenant management. As founder and CEO of SuperiorWealth Resources, a business advisory firm specialising in real estate solutions, he is also a media influencer for his contrarian insights and market observations of the real estate industry. Feel free to connect with him at his Facebook page, or email him at alanpoon.official@gmail.com
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