Smart Loft Trends

23 Apr 2016 · by Virtual Results PubSub

Smart Home Trends

There’s nothing worse than the feeling that you forgot to lock the front door – after you’ve already left home and gotten to your destination. Soon, that feeling will be a thing of the past as more and more homes integrate smart technology. If you’re wondering what the latest trends are to trick-out your loft, here’s a rundown of the newest technology to hit the market.

Programmable Thermostats

According to Consumer Reports, the average American household can save up to $180 each year by installing a programmable thermostat. While there are many thermostats on the market that allow you to program heating and cooling cycles, the Nest Thermostat actually learns your preferences and begins to schedule and activate them on your behalf. It even senses when you’ve left home and will adjust the heating or cooling accordingly.

Good-Looking Gadgets

When you think of smart home technology, you probably conjure up images of shiny metal, black plastic and unappealing design. But many of today’s gadgets are taking appearance into consideration, creating smart home tools that blend well with your décor. A great example of smart home technology that is appealing to those with design sensibilities is Lockitron’s door locks, which feature a sleek and ultra-modern design.

Better Home Security

One area where smart home technology is really taking off is in home security. A recent addition to the game is iSmartAlarm, which started as an Indiegogo campaign and is now on the market. This DIY smart alarm system lets you set up your own cameras, sensors and alarms and then monitor everything with the free companion app. It’s more affordable than many of the traditional home security systems that have been on the market for years, and if something triggers an alarm, you’ll get a text or phone call alerting you.

Automated Lighting

Do you forget to turn lights off when you’re at home in the evening? Do you wish your lights would come on at night before you get home? While automated lighting has been possible for several years, smart home lighting is making big advances and saving energy and money at the same time. By connecting your lights to your Wi-Fi network you have a new level of control that allows you to access lights right from your smartphone or tablet. What’s even more amazing is that you can control them from the market down the street, or from your hotel on the other side of the world. How’s that for innovation?

Voice-Activated Control

We’ve gotten used to being able to talk to our smartphones with Siri, but soon the systems of our homes will be controlled through voice activation as well. Amazon has developed the Echo, which comes equipped with your own personal assistant, Alexa. With the help of far-field voice recognition, Alexa can hear you from across the room, answer questions and play music. While the technology does not yet control things like heating and air conditioning, it isn’t hard to imagine that will be happening in the near future.

Don’t Make These Mistakes When Buying a Loft

18 Apr 2016 · by Virtual Results PubSub

Don’t Make These Mistakes When Buying a Home

Buying a Loft can be a complicated process, even for those who have gone through it before. One of the best ways to make the experience as painless as possible is to make sure you don’t sabotage yourself. Be prepared by reminding yourself to avoid these common mistakes.

Not checking your credit report

Maybe you’ve been daydreaming about a new Loft, doing some online browsing and mentally preparing yourself for the search. But before you even begin heading down the road to Loft ownership, you need to know what’s on your credit report. You should review your report a few months before you begin your search, to make sure there is no incorrect information or to address anything that could work against you when trying to secure a mortgage. Pay down as much debt as you can and be sure to have any problems taken care of right away.

Not getting pre-approved for a mortgage

After checking your credit report, the next thing you should do is get pre-approved for a mortgage. This will help you determine how much Loft you can afford so that you can target Lofts that are in that range. Getting pre-approved also signals to a seller that you are serious should you put in an offer. In a competitive market, if you fail to get pre-approved, it could mean the difference between having your offer accepted or being the first offer crossed off the list.

Not preparing for added costs

When you are determining your budget and how much you can afford to pay per month, don’t forget to include all the added costs such as insurance, taxes, utilities and fees. Those costs can add up and derail you should you opt for a Loft that’s at the top of your price range. You also need to remember to include closing costs and other fees you’ll be assessed during the closing process as well as moving costs and costs for repairs once you move in.

Not being realistic

As you begin your search, you should definitely set aside some time to put together your wish list. Think about what you really need to have in a Loft and what it would be nice to have. Don’t walk into the Loft buying process thinking you are going to get everything on your list – that rarely happens. Instead, be clear about what you need to have versus what you would think of as icing on the cake. Being realistic will help you and your agent find the right Loft quicker and more easily.

Not finding the right agent

Now that the Internet has made searching for available Lofts so much easier, you might think that you can forgo hiring an agent to help you with your search. But remember, there’s much more to purchasing a Loft than simply deciding which one you want to buy. An experienced agent can help you navigate the process, which can be complex and stressful at times. Not only should you work with an agent, but you should find one that you trust and that you feel you can have an open and friendly relationship with. Ask friends and relatives for referrals and don’t be afraid to speak with several agents before settling on the one that’s right for you.

Incredible L.A. Arts District Tour

18 Apr 2016 · by ChrisSampaio

2016-artsdistrictflyer-complete-revised-final-withyearWe are doing it again. Loftway is partnering up with the Downtown Los Angeles Rotary Club for another LOFT tour for Charity. This time we are touring Lofts in the Arts Districts and we are also including commercial spaces. Make sure you get your tickets early because they usually sell out. You can get tickets on this link: TICKETS



How to Make an Offer a Seller Can’t Refuse

8 Apr 2016 · by Virtual Results PubSub

How to Make an Offer a Seller Can’t Refuse

It’s finally happened – you found the perfect Loft. It has exactly what you are looking for, it’s in the right neighborhood, and it’s actually in your price range. All you have to do now is make an offer and start packing, right?

Maybe not.

Unfortunately, you may not be the only potential buyer out there who has their heart set on this Loft, and your offer may not be the only one a seller has to consider. Here’s what you need to know to make sure your offer is the one a seller can’t refuse.

Get pre-approved for a mortgage

We’ve said it before and we’ll say it again – if you’re serious about buying a Loft it’s imperative that you get pre-approved for a mortgage. Many sellers will not even look at an offer that doesn’t come with a pre-approval, especially in a competitive market. A pre-approval signals to the seller that you are serious. Do yourself a favor and take care of this necessary step before you even begin looking at Lofts.

Make a connection with the seller

Whether or not a seller connects with you will influence which offer they eventually accept. Loft owners often develop attachments to their Lofts, and may be more likely to sell to a potential buyer who has the same emotional response, as opposed to an argumentative or insulting buyer who bids higher.

Don’t bid too low

It can be difficult to know sometimes if other offers have come in for the same Loft you are bidding on. While you don’t have to offer the listed price, if you do offer a lower price be prepared to explain why. Know what the comps in the neighborhood are as well as any potential repairs that will need to be made to the property.

Include an escalation clause

Escalation clauses are becoming more popular. Essentially they state that the buyer will agree to increase the offer by a predetermined amount if other offers come in that are higher.

Have deposit money ready

While you may not be in the position to make an all-cash offer, consider having enough money ready to increase the amount of the deposit. It could mean the difference between winning a bidding war – or not. Another possibility is to include a good-faith deposit with your offer, which is a check written for up to three percent of the asking price. Just be sure that you’re able to get that deposit back should your deal fall through.

Limit contingencies

If you’re selling your current Loft or Home while you’re buying a new one, consider selling first so that the deal is not contingent on its sale. Most sellers prefer not to deal with contingencies, and if there are several offers on the table they’ll likely go with the one that has the fewest contingencies.

Write a letter

In addition to making a connection with the seller, if you feel strongly about the Loft consider writing a letter to the seller, telling them about yourselves and why you love their Loft. That kind of emotion could be enough to seal the deal.

The bottom line is, if you really want to make sure your offer is the one that stands out, be as prepared as possible. It could mean the difference between moving into your dream Loft and accepting a compromise.

Staging Your Loft on a Budget

1 Apr 2016 · by Virtual Results PubSub

Staging Your Home on a BudgetIf you’re selling your Loft, you know how important it is to have it looking its absolute best. First impressions are key, as potential buyers will form opinions about your Loft before they even step through the front door.

While hiring a professional staging company can make your Loft look amazing, not everyone is ready or able to shell out the big bucks. Fortunately, there are things you can do yourself to make your Loft stand out. Here are some of the best ideas we’ve found that will maximize your Loft’s assets.

Detach and depersonalize

Any potential buyers looking at your Loft are trying to visualize themselves in the space. By removing personal belongings, you make it that much easier for them. Pack up family photos, knickknacks, books and anything else that is personal to you.

Paint walls a neutral color

While there is no one-size-fits-all color for every Loft, there are certain neutral colors that work best for Loft staging, according to experts. White, off-white, beige, gray and even soft yellow work the best in most situations and should be chosen based on the style of your Loft and how much light the room receives during the day. Even if your Loft already has neutral-colored walls, it’s a good idea to repaint if you haven’t already done so within the last year. Nothing makes a Loft feel fresh like a new coat of paint.

Clean and repair

It should go without saying, but a clean Loft is an absolute necessity when selling. If you can, hire a professional cleaning company to come in before you show your Loft, and be sure they get into all the nooks and crannies. In addition, make any needed repairs, such as loose doorknobs, scratched floors or cracked lighting fixtures. Also make sure to address any lingering odors such as cooking and pet smells.

Shed some light

You want to give the appearance of your Loft being spacious and airy — so turn on all the lights. If your lighting fixtures have low-wattage bulbs, replace them while your Loft is on the market. Add floor or table lamps to rooms that seem dark, and keep shades and curtains open on all the windows.

Declutter and minimize

Your Loft will look more spacious if you clean out closets and remove any furniture that makes a room feel cramped. Rearrange remaining furniture to create an easy flow through the Loft. Remember — all closets and cabinets will be opened, so declutter and organize what remains inside them. This includes clothes in bedroom closets, linen closets and kitchen cabinets. Clean off kitchen countertops, removing small appliances like toasters, coffee pots and microwave ovens.

Even if you’re on a budget, Loft staging is an important part of the selling process. Follow the tips above to create a Loft environment that is enticing to potential buyers, and you’ll be well on your way to an offer!