Looking at the Loft numbers

30 Sep 2016 · by ChrisSampaio

Lately the market has been a bit slow in Downtown LA. The number of listings increased from 100 properties for sale to around 150 now. 150 still not a huge number and even though is a 50% increase in inventory we are still lacking places to sell. DTLA is a particular market one building can be really overheated and selling like hot cakes and the building next door can have many listings sitting stale. I wanted to measure whats happening with the market and decided to look at some graphics.This is what I found:

sales

 

 

 

 

 

This shows how many Lofts for sale in a 3 year period. As you can see the inventory is growing. It kind of goes up and down so is hard to analyze, but we are on the high side now.

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This shows the sales. As you can see The months of February thru June are the best months to sell and that repeats far over year. This year we had less sales than the previous ones.

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This one shows the prices. As you can see prices Go up in February and have been dipping lately.




Save Money on Your Move

23 Sep 2016 · by Virtual Results PubSub

Save Money on Your Move

Moving can be tough on a tight budget – but not impossible. If you’re wondering how you’re going to get through your next move without spending a fortune, here are some of our favorite ideas.

Save money on packing

Did you start packing yet? It always seems to surprise people when they begin packing up all their belongings that they have so much more than they thought. How much stuff you move can have a significant effect on what it costs to move it since most moving companies charge by weight, so unloading unwanted items before you move is key. As you pack, decide what you no longer need and donate it before you go.

Save money on supplies

Boxes can be expensive. But why buy them when you can get them for free?  Many businesses will gladly unload their empty boxes if you ask them — produce boxes, liquor boxes and copy paper boxes are especially good for your move. Also, check the free section on Craigslist; many people who just moved will post their empty boxes.

Another way to save on supplies? Use some of the items you are going to pack anyway to cushion other items, instead of buying packing peanuts. Clothes and towels are great for protecting dishes, and blankets are perfect for making sure framed art and mirrors don’t get scratched. As your moving date approaches, save newspapers and circulars that come in the mail – they’re great for protecting anything fragile.

Save money on labor

Some moving companies give discounted rates if you pack your own boxes – call around and get estimates from several different movers. Do you have some friends or family who owe you a favor? Round them up on moving day to help load the truck. If you have some flexibility with your moving date, you can save by scheduling your move during off-peak times. Shoot for the months between September and May, when rates tends to be the lowest, or during the week or the middle of the month.

Save money with the post office

Books are heavy, making them one of the most expensive things to move. If you’ve got a library to rival that of the Library of Congress, consider boxing up your books and shipping them through the US post office via Media Mail. They’ll take a little longer to arrive, but you won’t need those hardcover copies of Harry Potter while you’re unpacking in your new place.

Save money on your taxes

Did you know that you might be able to deduct your moving expenses on your taxes? While the IRS has strict rules about who qualifies, be sure to save all your moving receipts and ask your tax accountant next tax season. If you’re moving for work, your employer may also be willing to cover some if not all of your moving costs.

While moving can be a daunting and expensive task, there are certainly ways that you can save if you get creative and stay organized. With the money you’ll save, you can splurge on massages for the whole family after you’ve unloaded and unpacked all those boxes.




Can You Sell Your Loft After Labor Day?

17 Sep 2016 · by Virtual Results PubSub

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Conventional wisdom dictates that spring and summer are the best times to sell your Loft. And since Labor Day is the unofficial end of the summer season, you may be thinking that you’ve missed your opportunity to put your Loft on the market.

But that isn’t necessarily the case. While families with school-age children generally tend to move when school is out of session for the summer, that doesn’t mean everyone else follows that line of thinking. If you’re contemplating putting your Loft up for sale after Labor Day, here’s what you need to know.

There are fewer Lofts on the market

Summer is the high season when the real estate market is flooded with the most inventory. By putting your Loft up for sale after Labor Day, you’ll have fewer Lofts to compete with. Some buyers who didn’t find what they were looking for over the summer will be glad to see new listings, while buyers without school-age children may just now be deciding it’s time for a move. This timing could very well work in your favor.

Price it right

With fewer buyers looking for a Loft after Labor Day, you’ll want to make sure you price your Loft correctly the first time. If not, you could lose potential buyers who might otherwise be interested in your Loft. Be sure to research comps in your neighborhood, and work with an agent who is an expert in the local market. Pricing your Loft right from the beginning will help keep it from languishing on the market for too long.

Give your Loft a makeover

It’s easy to make a Loft look great in the spring and summer, when sunshine is abundant and flowers are blooming. It can be a little more difficult when days are dark and trees are bare. Be especially aware of what your Loft looks like on both the inside and the outside in order to make the best first impression.

On the outside, be diligent about fall chores like raking leaves, cleaning gutters, and pruning trees and shrubs. Check the roof for missing shingles and replace them as needed. Spruce up your porch with pots of winter annuals like mums or pansies. You can even put out some seasonal decorations, but don’t go overboard. Keep it minimal and tasteful.

On the inside, give your Loft a thorough cleaning and clear out personal belongings like family photos. If you have large or bulky furniture, move them to storage and arrange what’s left to maximize flow. Give your rooms a fresh coat of paint in neutral colors and remove heavy curtains to let in as much light as possible. Set out fresh flowers and light some candles. If you have the budget, consider hiring a professional staging company to make your Loft look as welcoming as possible. You want any potential buyers visiting to be able to imagine living in the space.

If you’re thinking about putting your Loft on the market after Labor Day this year, don’t worry that you’re too late. Follow the tips above to make the most of your listing, and you could have your Loft sold before the end of the year!




Loft Buyer Pet Peeves

7 Sep 2016 · by Virtual Results PubSub

Home Buyer Pet Peeves

Selling your Loft can be a stressful and challenging process. Why would you want to make it doubly so by irritating potential buyers? Here’s what you want to avoid when putting your Loft on the market.

Not being prepared

In today’s housing market, if you want your home to show well you need to be prepared. You will be competing against sellers who have hired professional staging companies to make their Lofts look as good as possible, so you’re doing yourself a disservice if potential buyers walk into your Loft and feel like they’re invading your personal space. Before opening up your Loft for showings, you need to thoroughly clean, remove clutter and relocate personal items. Remember – you want buyers to be able to envision themselves living in your Loft. Make their job easier by neutralizing spaces, getting rid of old or worn-out furniture and packing up all your personal belongings like family pictures and sports team memorabilia.

Not having the home available

While it can certainly be an inconvenience, you need to accommodate buyers when they request a showing. This means being ready to leave at a moment’s notice, as potential buyers will likely not feel comfortable looking at a Loft if the seller is present. If you make it difficult for anyone to view your Loft, it can hurt you down the line during negotiations. Be amiable and understand you’ll be inconvenienced from time to time during the showing process.

Not being realistic about the selling price

If you haven’t done your homework and you overprice your Loft, you’ll likely extend the time your Loft is on the market by many months. You can be sure that buyers have done their homework and are aware of what comparable prices are in your neighborhood. If your home falls outside of this range, it is quite likely many potential buyers will simply overlook your Loft. Working with a knowledgeable agent will help ensure that your Loft is priced appropriately from the start.

Not being honest about issues

If you know your Loft has problems, it is best to be upfront about them. Whether it’s a funky smell or issues with the plumbing, trying to mask problems during the selling process is only going to hurt you in the end. These issues will eventually come out during the home inspection and could delay or endanger the sale and even possibly involve you in a legal battle. When it comes to any repairs that will need to be made to the Loft, honesty is the best policy.

Not being emotionally detached

Yes, you have an emotional attachment to your Loft – that’s normal. But when it comes time to sell, you need to set those emotions to the side. Potential buyers may have different ideas about what they like – or don’t – about your Loft, and you can’t take it personally should they suggest doing away with something about the house that you love. Maintain a healthy emotional distance and let your agent handle any interactions that may be tough for you.

 




Downtown Weekly Cover Page Ad

2 Sep 2016 · by ChrisSampaio

Our new AD at the Downtown Weekly is out. Its a full color page on the back cover.

This is a monthly ad where we can display our listings and provide maximum exposure for our clients Loft Listings.

With this AD  we fulfill our promise and commitment on expending more marketing dollars than any of our competition in order to market our listings.

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