September 2014 - Loftway : Loftway


CAR Buyer Survey

4 Oct 2016 · by ChrisSampaio

According to the CAR 2014 Home Buyer Survey http://www.car.org/marketdata/surveys/buyer/

  • 75% spent 4-5 months investigating homes and neighborhoods before contacting an agent.
  • 51% of buyers “Googled” their real estate agent.
  • 92% of buyers are receptive to receiving information about home buying via social media.
  • 91% of all real estate inquiries begin online.
  • 68% of buyers found their agent online.

 

buyer of the building




Apple Watch and other Smart New Loft Products

22 Sep 2014 · by Virtual Results PubSub

Apple Watch and other Smart New Home ProductsNot just relegated to the workspace or entertainment, Loft technology products focus on every room in your house. Check out these smart-Loft products geared to make your life easier:

Apple Watch useful apps for Loft

In addition to your social media apps, maps and schedules, apps for Apple’s new smart watch include one from Honeywell that allows you to change your Loft’s temperature from your wrist (rivaling the Android Wear with Nest thermostat control), and another from Lutron offering light control. If you own one of BMW’s electric vehicles, your Apple watch will monitor its charge level and even remind you where you parked it. If your daily commute uses public transportation, the City Mapper app will keep you up to date on times and the right stops to get to your destination.

Next-generation cooling

Technology company Quirky joined forces with GE to make a smarter air conditioning system. Called Aros, the wall unit connects to a smartphone app allowing you to set the temperature in anticipation of your arrival Loft. Using information from your schedule, budget, location and current usage, it learns your preferred temperature and devises economical ways to keep your Loft there. It evens learns the temperature you appreciate most upon waking.

An innovative air-flow design pushes cool air up, increasing circulation and it’s three fan speeds, flatter design and sleek LED display add to its discreet designer appearance.

Loft safety

Canary wireless Loft security packs a complete system into one small device designed to adapt to your Loft and activities over time and use. It sends notifications and HD video to your smartphone and monitors activity, noise levels, air quality and temperature and even humidity. When something is out of the ordinary, it lets you know. Best of all, it doesn’t require installation. Simply set the device in a central area of your loft.

Easy entry

German company KISI Systems offers a keyless entry solution for Lofts or offices with revocable access. If you travel and have house-sitters or a neighbor that comes in to water your plants, or you use pet-walking or cleaning services when you’re at work or away from the loft, or just want more control of who enters your Loft, this device is for you.

The KISI system allows you to limit entry during certain hours or certain days with the click of a smartphone app. You can track activity and know who comes and goes, and when they were there. The KISI key is linked to their specific phone and you can instantly delete or cancel it remotely it if they lose their phone or you want to restrict access.

Upgrade your Loft

We can help you upgrade your Loft just in time for the 2015 release of the Apple watch. We’ll search for the perfect Loft for you while developers are busy creating the apps that will run your new house more efficiently and other technology giants advance more products for Loft use.

 




Getting a Mortgage for Self-Employed

12 Sep 2014 · by Virtual Results PubSub

Getting a Mortgage for Self-EmployedPrior to the new banking regulations, getting a home mortgage if you owned a business, worked freelance, on contract or were otherwise self-employed was possible, if complicated, using stated income, bank statements and other alternatives to W2 income statements. New regulations on so-called stated income loans, however, make getting that mortgage a bit trickier for self-employed, Schedule C taxpayers.

For typical W2 employees, the requirement for proving income for both conventional home loans and FHA loans is a copy of two year’s tax returns. Lenders take the net adjusted gross income for the two years and average it, or if the most current year is lower than the preceding year, they use that number.

Since many self-employed folk take exemptions for home offices, vehicle use and other legitimate business expenses that reduce their tax load, their adjusted gross income typically is somewhat lower than their usable income. Different lenders in this new banking era require different documents and proof of income in order to verify usable income for mortgage purposes.

Here are some ways you can improve how lenders see you

  • Find a mortgage professional experienced in self-employed mortgage qualifications. An experienced and knowledgeable loan officer can show you how to increase the amount of your income that qualifies by adding back depreciation on vehicles, properties or equipment, depletion, business use of home and salaries or owner draws that the business paid to you.
  • Know how to qualify for an FHA loan (see below).
  • Some alternative loan programs still accept bank statements and proof of deposited amounts to verify income instead of tax returns. These programs work well for buyers that have cash-based businesses, haven’t yet filed their last year’s tax returns or that have minimized their tax liabilities. Alternative loan programs are note available at market rates, however, so what you save in taxes may go to higher interest rates.
  • Make sure your credit score is above 700 and your current credit usage is low. So, if you’re using credit in order to increase your credit score, make sure you are paying the cards on time and that the available credit remains high compared to usage.
  • Prepare a comprehensive profit and loss statement year-to-date for your business. Providing a third-party validation — outside bookkeeper or accountant—of your income or that the use of business funds for your home down payment will not affect the business’s future viability minimizes the potential concerns a lender might have about your down payment sources.
  • Be prepared to pay a higher down payment. If a lender knows you’ve been able to save up a higher down payment based on your current expenses, they’ll look more favorably at your ability to make your mortgage payments.

You can qualify for an FHA loan

According to FHA.com, the self-employed can qualify for an FHA home loan. They advise self-employed applicants to plan ahead (about a year in advance) in order to make sure they can meet the qualifications. Showing reliable income over two years, keeping accurate records of income, expenses, taxes, issues requiring credit repair or dealing with disputes on credit reports takes time. If you do these things, however, you’re more likely to qualify for an FHA loan.

So, is it easy? No. Is it impossible? No. Can it be done? Yes! You just need to be able to prove that you’re a good risk.

When looking for a home, be sure to advise us if you are self-employed. We can help you get started on the pre-qualification and pre-approval process so that you are far down the road when we find the home of your dreams.

 




Metropolis new renderings

8 Sep 2014 · by ChrisSampaio

Metropolis released this week and few more renderings of the building. The building is beautiful and has clean lines. It reminded me from the time when they release the South Group projects (Elleven, Luma and EVO).  The were released in similar way and following the same format. The smaller one was released first and followed by the medium and larger ones. By the pictures you can appreciate the common outdoor spaces and imagine the views the units will have. To know more or to purchase a condo in the project give us a call.

Screen Shot 2014-09-08 at 6.57.41 PM Screen Shot 2014-09-08 at 6.57.54 PM

 




Monochromatic Decorating Ideas

17 Mar 2017 · by Virtual Results PubSub

Monochromatic Decorating IdeasThe use of a single color, or range of shades in a color gives your Loft a sophisticated designer appeal. Do you have to hire a designer to achieve the look? No, you can do it yourself if you keep these things in mind.

Respect the Hue

In other articles, we’ve talked about the difference between warm and cool undertones in the color palette. Warm undertones are in the yellow, red, orange and green family while cool undertones are in the blue and purple family. When designing in monochrome, your goal is to keep all the elements in the room (walls, flooring, furnishings) in the same color with the same undertone.

Create Interest with Texture

To avoid creating a boring design, create visual interest with various textures. If the walls are smooth, add a textured carpet, nubby upholstery or three-dimensional artwork. Vary smooth glass tile with rougher natural stone, or a smooth floor with a wall-treatment or drapes that have folds, creases or other interesting surface characteristics.

Define with Light

Use various light sources to define areas of interest, artwork, architectural details and exceptional furnishing. Add lamps and hanging light fixtures, hidden up or down lights, colored film on windows and even colored lights to change the mood or feel of the room.

Add a Single Contrasting Element

If white is your color and you want to evoke cool sophistication, add a single blue or sea-green vase or jade carving. In a taupe design, a warm, earthy rust or bronze adds interest. When decorating in grays, make sure to keep the theme warm or cool, but try adding a single element from the opposite undertone to make it pop, so if you’re using warm grays, add a simple cobalt blue as a focal point.

For a more dramatic contrast, consider the always-elegant black and white.

In the kitchen, matching cabinets, flooring, walls and ceiling may make the room seem larger—more open and airy. Simple contrasts in elongated cabinet hardware will pull the eye upward while horizontal wood grains move the eye from side to side.

A monochrome bath adds a spa-like feel to a smaller room. Simplify the décor with striking greenery for an Asian-inspired vibe.

In a white-on-white theme, consider adding a contrasting paint color or bright wallpaper to a single wall. Use a monochrome theme to bring attention to a special architectural detail such as an original brick wall in your loft, or a natural-finished pine beadboard wall treatment for that Scandinavian feel.

Whatever your ultimate choice, to narrow down your monochrome choices, peruse the Internet and magazines for examples that express the feel you’re looking for, then pick up samples of carpet, paint and fabric to experiment with textures. Make sure some are smooth, and try different lighting options with your samples to give you the best idea of what might work.

Most of all … design your Loft to be comfortable to you, not some version of sophistication that doesn’t really work for your family.