August 2017 - Loftway : Loftway


How to Relax When Buying a Loft

6 Oct 2017 · by Virtual Results PubSub

How to Relax When Buying a Home

Buying a Loft can be stressful! From collecting all your financial documents to making it through the inspection process, so much can happen to cause anxiety before closing day. It’s enough to make even the most relaxed person feel tense. If you’re starting to feel the crunch, here are some great strategies for coping with stress when you’re buying a Loft.

Choose the right agent for you

One of the best ways to help alleviate Loft buying stress is to work with an agent with whom you feel comfortable. Get references from family and friends, research agents online and schedule a few interviews. Get to know a little bit about each agent and how they work. The Loft buying process can take anywhere from 30-60 days, which doesn’t even include the time spent looking at houses. During that time, you’ll be communicating with your agent often. Working with someone who is compatible with you will go a long way towards making the process easier and less stressful. You can relax knowing you’re in good hands.

Buy within your means

Yes, that LOFT with the large pool, Home theater and wine cellar is amazing. And you might be able to afford it if you work hard and cut back on other expenses. But is it really worth it? Taking on a mortgage that you can’t comfortably afford adds a terrific amount of stress to your life. When choosing a Loft, choose one whose price fits well within your means. You’ll be more relaxed during the buying process and will be able to sleep at night once you close.

Keep things in perspective

There are plenty of things to trigger your deepest worries during the Loft buying process. Will the seller accept my offer? Will I get into a bidding war? Will the inspection turn up unknown issues? Will the Loft appraise for less than the asking price? Will everything go according to plan on closing day? These are all valid concerns, but you can’t let them get the best of you. Remember that this period of transition will not last forever, and that before you know it you will be closing on a house, even if it doesn’t end up being the one you thought you would buy in the beginning. Most things in life end up working out as they should, and stressing about an outcome will only sap your energy and make you feel unwell.

Take breaks when you need to

While buying a Loft is time-consuming, it doesn’t have to take over your whole life. Take breaks from the process when you need to. Go to the movies. Spend time with friends and family. Treat yourself to a spa day. Take the dog for a walk. Read a good book. Give yourself permission to unplug periodically. It will do wonders for your health and well being to take care of yourself while going through what is inarguably a challenging and life-changing process.

If you want to be as relaxed as possible while buying a Loft, work with a trusted partner and take time for yourself when you need it. Before you know it, you’ll be handed the keys to your new house!




Becoming a Landlord

6 Oct 2017 · by Virtual Results PubSub

Are you considering investing in real estate that you will use as a rental property? Or perhaps you’re getting ready to move and want to hold on to your current Loft so you’ll have rental income. Whatever the case, becoming a landlord can be a huge learning curve. Before you commit to owning a rental property, here’s what you should know.

Know the law

Before becoming a landlord, you should familiarize yourself with both state and federal housing laws. Understand that each state will have certain regulations about security deposits, how much notice needs to be given to tenants to vacate, and what kind of access you’ll have to the property. As a landlord, you cannot discriminate against potential tenants based on certain criteria, such as age, marital status or religion.

Have a plan for maintenance and repairs

Owning a Loft means planning for repairs and maintenance. If you live close by, you may be able to handle repairs yourself. If you’re living farther away from your rental property, consider hiring a property manager to handle repair requests. Know how you’ll address repairs when you’re out of town, and set specific hours when your tenants can contact you. You should also set aside ten percent of your rental income to cover repairs and maintenance costs.

Screen potential tenants

When searching for new tenants, you should have a process in place for screening applicants. It’s worth your time to do a background check, a credit check and to follow up on references they provide. If possible, conduct an interview to make sure you feel comfortable with them.

Prepared a customized lease

You can begin with a template for your lease, but take the time to customize it for your particular situation. Be specific about what is or is not allowed, such as the number of pets or use of the garage. Have a lawyer review your lease to make sure that it is in line with all current lease laws for your state.

Perform inspections

Before renting out the property, do a thorough inspection of the Loft. Document the condition and take pictures and/or videos. Have new tenants sign off on the Loft’s move-in condition. When the tenant is preparing to vacate, do another inspection and document any changes in the condition of the Loft. Be sure your lease clearly states what types of repairs the tenant is responsible for upon moving out.

Price correctly

Keep current with the housing market in your rental’s neighborhood. When it’s time to find a new tenant, research rental costs in your area for comparable properties and set your price accordingly.

Make it easy to pay rent

As a landlord, you want your tenants to pay their rent in full and on time every month. Make it as easy as possible for them to do this by setting up electronic payments. Establish a clear late policy and stay strict about enforcing late fees. Having the extra costs associated with late payments will make your tenants more likely to pay on time. If they don’t, the extra income helps to alleviate some of the stress you may feel.




How to Make Buyers Fall in Love With Your Loft

6 Oct 2017 · by Virtual Results PubSub

How to Make Buyers Fall in Love With Your HomeWhen a buyer decides to make an offer on your Loft, they usually make the decision with their heart, not their head. Buying a Loft is an emotional decision, and smart sellers will leverage this information to make the quickest sale for the highest price. Just in time for Valentine’s Day, here are our best tips for how to make buyers fall in love with your Loft.

Take great photos for your online listing

In today’s real estate market, most buyers begin their Loft search online. For this reason, it’s essential that you have great photos for your listing. Put yourself in the buyer’s shoes. What kind of photos would you like to see of a potential new house? Make sure photos are well lit, rooms are clean and all your Loft’s qualities are emphasized.

Clean, de-clutter and de-personalize the interior

To make buyers fall in love with your Loft, you must make it easy for them to imagine living there. That can be difficult if there’s a giant framed photo of your grandmother staring at them, or worse, sports paraphernalia from an opposing team. Give your Loft a thorough cleaning and remove clutter, including bulky furniture. Take down all family photos and store all personal items. Your Loft should feel fresh, clean, spacious and neutral.

Appeal to a buyer’s senses

In order to work on a buyer’s emotions, you must appeal to their senses. Fill the air with good scents, like fresh flowers, baking cookies or brewing coffee. Set out some light snacks and drinks. Play some soothing, ambient music. Use fabrics with a variety of colors and soft textures for beds, couches, curtains and tablecloths. You want to make your Loft feel warm and inviting and leave potential buyers feeling relaxed and happy.

Price it right

One of the most important details that will move a buyer from “like” to “love” is offering your Loft at just the right price. Do you Loftwork and research comps in the neighborhood. Talk with your real estate agent about how to best price your Loft to sell – not too low, not too high. You want to hit it right at the sweet spot, which an experienced agent can help you do.

Are you ready to make buyers fall in love with your Loft for sale? Then follow these tips and you’ll be on your way to closing day.

 




Best Words For Your Loft Listing

4 Aug 2017 · by Virtual Results PubSub

Best Words For Your Home Listing

When describing your Loft to someone, what words do you use? Do you call it luxurious? Spacious? Beautiful? According to a recent report from CoreLogic, the words you choose to describe your Loft can have a tremendous effect on its sale. Not only can they influence how quickly your Loft sells, but also how much money it ultimately sells for. We’ve compiled a list of keywords you should consider using if they accurately describe your Loft for sale – and those you should actively avoid.

10 best keywords for your listing

Have a discussion with your agent and brainstorm about the best features of your Loft. Use the following words to help describe those assets:

  1. Beautiful – What is beautiful to one person may not be to the next, but if you know you have an outstanding view or a gorgeous garden, don’t be afraid to use this word.
  2. Luxurious – Lower-priced Lofts that use the word luxurious often sell for more than expected. Use this word if you have any amenities that could be considered high-end.
  3. Turn-key – Is your Loft move-in ready? Then you should definitely say so, as that can be a huge selling feature for many potential buyers.
  4. Remodeled – Have you recently remodeled or renovated your Loft? Let buyers know about those updates.
  5. Upgraded – If you’ve upgraded or updated any features in your Loft, you should spell out what they are in the listing.
  6. Stainless – Stainless steel appliances are quite popular with Loft buyers, so it’s best to clearly state if your Loft comes with these features.
  7. Granite – Much like stainless steel appliances, granite countertops are an attractive feature that should be mentioned in your description.
  8. Spotless – You may think every Loft is thoroughly cleaned before being sold, but that isn’t always the case. If you’ve gone the extra mile to banish built-up dirt and grim, be sure to describe your Loft as spotless.
  9. Spacious – If you know your Loft has plenty of room to suit just about anyone’s needs, you should definitely describe it as being spacious.

Don’t use these words

There are words that can help your Loft sell quickly and for a great price, and those that will definitely work against you. If you’re writing up a description of your Loft for sale, you should avoid using any of these words:

  1. Value – Describing a Loft as being a “good value” can often net you a lower selling price.
  2. Must sell – Communicating your need to sell quickly is an invitation for low-ball offers.
  3. Motivated seller – Much like “must sell,” describing a seller as motivated reads like desperation, which often results in offers that are lower than market value.
  4. Small – Unless you’re selling a tiny Loft, avoid describing it as small. Choose a word with more positive connotations, such as “cozy.”
  5. Outdated – If your Loft is vintage, that’s one thing. Many buyers appreciate vintage details in a Loft. Outdated sounds negative and something to be avoided.