Blogging Archives - Loftway : Loftway


Selling During a Divorce

16 Feb 2018 · by Virtual Results PubSub

Selling During a Divorce

Getting a divorce is a stressful and emotionally draining process. Add to it the prospect of selling your Loft, and now you’ve got a challenging situation even under the best of circumstances. If you and your former spouse have agreed to sell your Loft during a divorce, follow these tips to make the process as seamless as possible.

Choose a neutral agent

During a divorce, it’s advisable to work with a professional real estate agent who has experience dealing with Loft sales as a result of divorce. Selling a Loft is stressful, so having an agent can help relieve some of the burden. It’s important that you choose an agent who is neutral. A good place to start is with the agent who helped you buy your Loft. If not, work towards finding an agent you both can agree on.

Agree on the listing price

One of the benefits of working with a qualified agent is that he or she can give valuable advice on the listing price. By putting this decision in your agent’s hands, you can help eliminate one potential source of conflict.

Determine how the Loft will be prepared

Preparing a Loft for showing is a crucial step in the selling process. If both parties have moved out the Loft, let your agent hire a professional stager to stage the Loft for showings. If not, the person living in the Loft needs to clean, de-clutter and move items into storage. If possible, come to an agreement on how that process will be handled and how one person should be compensated if they are doing most or all of the work.

Decide who will work with the agent and potential buyers

It’s important during a sale that both parties present a united front. Potential buyers can be put off if they somehow find themselves in the middle of a conflict between the owners of the Loft. Decide which person will have contact with the real estate agent and potential buyers. Make sure the other person stays in the loop, but keep the communication with agents and buyers simple.

Agree on how to handle costs and offers

During the sales process, it is not unusual to discover that repairs need to be made before the sale can be finalized. Decide in advance how those costs will be handled. In addition, have a plan on how you will respond to offers you receive on the Loft. Understand that you will need to make this decision together, and take into account the advice given to you by your agent.

Decide how to divide the proceeds

Once the sale is complete, decide how any proceeds will be divided. First, of course, pay off the obligations on the Loft. You may then decide to use the remaining money to pay of mutual debts from your marriage. If there is any money left after that, take into account any payments that one person may have been making towards the principle since your separation.

While selling during a divorce can be extremely trying, you can make it through to the other side. By working with a qualified agent and following the guidelines above, you’ll soon be able to close this chapter of your life.




Buying a Loft That Isn’t For Sale

9 Feb 2018 · by Virtual Results PubSub

Buying a House That Isn’t For SaleAre you Loft hunting in a competitive market and having no luck finding a Loft? Did you find your perfect Loft – but it’s not for sale? Then you may be wondering if you can try to buy a Loft that doesn’t have a “for sale” sign in the front yard.

While trying to buy a Loft that isn’t currently listed is an option, it has its challenges. Here’s what to do if you really want to buy a Loft that isn’t for sale.

Finding the perfect Loft

Some Loftowners will be more open to offers than others, so it’s best to tailor your search to reach those who may be receptive. There are a couple of ways you can do this.

The first is to find expired listings or listings that were taken off the market. There could be a variety of reasons why the listing was removed or the Loft didn’t sell. Perhaps the sellers wanted to work with a different agent, or they weren’t getting the offers they had expected. Whatever the reason, these Loftowners might be responsive to your offer.

Secondly, drive around the neighborhood where you would like to buy and make a list of Lofts that are appealing to you. Then search for those properties online and find out how long the current owners have lived there. If the sale is recently new, chances are the owners aren’t ready to sell. But if they’ve lived in the Loft for five or more years, it could be worth reaching out to them to see if they would entertain your offer.

Making an offer

Once you’ve found a Loft you’d like to buy, the next step is to make an offer to the owners. Showing up unannounced on their doorstep with an offer probably isn’t going to win you any points. The best way to reach out is to write a letter.

Work with your agent to craft a specialized offer, and explain to the owner why you would like to buy their Loft. It’s possible that the owners receive letters like this regularly, especially in an active market, so you need to make yours stand out. Don’t be afraid to be personal, and appeal to them on an emotional level. However – do be aware that you don’t want to get stuck with a Loft that has major issues not apparent from the street. Your offer should contain an appraisal contingency, so you’re not paying more than what the Loft is worth.

Be ready for rejection

Ultimately, most of your offers will go unread, or the owners will not respond. Be patient and remember that people can be emotionally tied to their Lofts. And often they weren’t expecting an offer. They will respond in their own way and in their own time.

While trying to buy a Loft that isn’t for sale can be a long process that comes with its fair share of disappointment, don’t write it off as an option. You never know who will say yes, and that Loft you’ve always dreamed about becomes your reality.




Selling a Loft With Tenants

2 Feb 2018 · by Virtual Results PubSub

Selling With Tenants

Is it time to sell your rental property, but you’re not sure how to deal with the current tenants? If you’re a landlord, selling a Loft that is currently occupied is not as straightforward as a traditional sale. It’s important to know what a tenant’s rights are, and how best to handle the transition. Here’s a rundown of what you need to consider.

The type of lease your tenant signed

If your tenant is on a month-to-month lease, check state law to determine how much notice you need to give them to vacate. Typically it is 30 to 60 days. Next, send a letter to your tenant advising them of your intent to sell and the date their lease will end.

Conversely, if your tenant signed a fixed-term lease, you are obligated to let them live out the term of the lease. The lease can only be terminated early if it is stipulated in writing, or if the tenant has violated any terms of the lease.

Showing the property

If you have a difficult tenant, it may not be in your best interest to show the property while it is still occupied. An unhappy tenant likely won’t do you any favors, least of all getting the Loft clean and ready for a showing. If your Loft doesn’t look its best to potential buyers, it could impact the number and quality of the offers you receive.

On the other hand, if you have an agreeable tenant, you may be able to work out a situation where you can show the property while it’s occupied. It’s easier for potential buyers to imagine themselves living in a Loft that is occupied, as opposed to one that is vacant. Be aware that you need to give proper notice to your tenant before you, an agent or potential buyers stop by. This is typically at least 24 hours.

Selling to an investor

If you’re interested in selling your property before your tenant vacates, you might consider selling to an investor. In most cases, investors will be thrilled to know that the unit is already rented. The new owner is obligated to honor the current tenant’s lease, so you won’t have to worry you’re kicking anyone to the curb.

Selling to the tenant

If your tenant is quite happy living in the Loft, it’s possible that they would be interested in buying it. This can be a win-win situation for everyone. But what happens if your tenant doesn’t qualify for a mortgage? In that instance, you could offer seller financing, where the new owner makes payments to you instead of the bank.

When all else fails

If you find yourself in a position where your hands are tied, you do have other options. First, you can offer a discount on rent to get your tenant to cooperate about showings. A little break on their monthly expenses might encourage them to be amenable to interruptions and to keep the Loft clean. Second, you can offer to pay your current tenant to leave by essentially buying them out of their lease. You can also offer to pay their moving costs and security deposit at their next place.




Top 6 Websites for Researching a City

26 Jan 2018 · by Virtual Results PubSub

Top 6 Websites for Researching a CityBuying a Loft can be an intimidating process. Buying a Loft and moving to a new city can be even more stressful. Thankfully, there is so much information available online, you can now learn all about your new Loft before getting there. By researching your new city before you arrive, it will take less time to feel settled. And you’ll know just who to call for pizza delivery on moving-in day! Here are our picks for the best websites to research your new city.

AreaVibes

Plug in the zip code of your new locale on AreaVibes to get its livability score. The score is based on a number of factors, including crime, education, housing, employment, weather, amenities and cost of living. Find out your commute times, view local real estate market stats, get information about schools, and see how your town stacks up to others in the area.

Neighborhood Scout

Want to learn more about each of the neighborhoods in your new city? You can with Neighborhood Scout. By entering the zip code, you’ll get a list of all the neighborhoods in that area. Drill down deeper and find out real estate stats, unique characteristics, demographics and more. You can even see their trends and forecasts for each neighborhood.

Google Street View

Nothing gets you more familiar with a new place than driving around. Do it virtually before you arrive when you use Google Street View. Find out how easy it is to walk the neighborhood, see what shops are nearby, look for the closest public transportation stop or learn how easy it will be to park on the street. By the time you finally arrive in your new place, it will all feel very familiar.

Yelp

If you haven’t been using Yelp, what are you waiting for? It’s the best place to go online to discover the most popular restaurants, bars, nightclubs, hair salons, car mechanics and so much more in your new city. Get honest reviews from locals, see photos taken by users, browse menus and find locations on a map. You can also discover local events and get special offers from businesses that are sponsoring promotions through the website.

CrimeReports

Want to find out what the crime statistics are in your new neighborhood? Then CrimeReports should be your first stop. Here you’ll find the country’s largest collection of data from law enforcement agencies. More than 1000 agencies provide crime data to CrimeReports. You can sign up for Crime Alerts and receive notifications whenever there is an incident in the area you are following.

GreatSchools

If you’ll be moving with your family, you’ll definitely want to research the schools in your area. GreatSchools is an excellent resource to find easy-to-understand data on K-12 schools, information about school resources and student outcomes, and candid reviews from parents. They also offer a wealth of parenting resources, such as interactive tools, tips, worksheets and videos, all aimed at helping parents support their children as they grow and learn.




What is an HOA?

19 Jan 2018 · by Virtual Results PubSub

What is an HOA?

If you’re considering buying a home in a planned community, townhouse or condo, you’ll more than likely become part of a Homeowners Association (HOA). Maybe you’ve heard this term before, but aren’t sure what an HOA is or what it does. Let us answer your most pressing questions.

What is an HOA?

If your community has shared living spaces, then it will be governed by an HOA. In most cases, the HOA board is made up of homeowners who are volunteers. They hold regular meetings where homeowners can discuss and vote on issues that affect the community. When you purchase a home that is overseen by an HOA, your membership in the organization is mandatory. HOAs exist to ensure that everything in the community runs smoothly and functions properly.

What are the advantages?

If your community has shared space – a pool or clubhouse, for example – the HOA is responsible for the cleaning, maintenance and repairs of those facilities. They also keep roads and sidewalks in good condition and often beautify the neighborhood with plants, flowers and grassy spaces. HOAs help keep a community uniform by making sure that properties are maintained so that property values remain stable.

What are the rules?

In order to keep everything running smoothly, all HOAs impose rules on homeowners. They are called covenants, conditions and restrictions (CC&Rs), and you’ll receive a copy of these rules when you purchase the home. In fact, you’ll be expected to sign a contract stating that you will follow the rules. These will depend on your community, and can include everything from what color you paint your house to how many cars you can park in your driveway.

What happens if you break the rules?

While it will vary from one community to another, you will no doubt be penalized if you break the rules. In many cases, HOAs are corporations and can enforce the contracts that homeowners sign. Penalties can include reversing the violation (like repainting your house) or paying a fine. In extreme cases, homeowners can be evicted or forced to sell.

Do HOAs have fees?

HOAs impose fees on homeowners in order to cover their expenses. These dues are paid either monthly or yearly and are determined by the kind and amount of amenities your community has. In most cases, HOA fees run anywhere from $200 a month to $1,000 or more. Occasionally, the HOA may impose a special assessment in addition to your regular dues. This is usually to fund a major renovation or emergency repair that insurance doesn’t cover.

Is an HOA for you?

Before deciding to move into a planned community that is governed by an HOA, you should consider whether or not you’ll be comfortable living by its rules. If you feel you can abide by the covenant, you’ll certainly be treated to amenities that you may not otherwise get in a community that doesn’t have an HOA. Make sure to read all your HOA documents carefully, and weigh the pros and cons before making your decision.




Average Life Span of Loft Appliances

12 Jan 2018 · by Virtual Results PubSub

Average Life Span of Home Appliances

Is it time to replace your furnace? While that question may not be at the top of your mind this holiday season, it matters if you’re buying or selling a Loft. Even though most major Loft appliances are a serious investment, the truth is that they don’t last forever. We’ve compiled a comprehensive list of how long most appliances last. If you’re buying or selling a Loft, take these estimates into consideration as you evaluate a property and determine a fair offer.

Kitchen

The average life expectancy for kitchen appliances can be affected by how often the appliance is used. In addition, keep in mind that older models can sometimes outlast their newer counterparts. “They just don’t make them like they used to” is sometimes correct.

  • Dishwasher: 9 years
  • Garbage disposal: 12 years
  • Trash compactor: 6 years
  • Gas oven: 10-18 years
  • Microwave oven: 9 years
  • Range/oven hood: 14 years
  • Electric range: 13 years
  • Gas range: 15 years
  • Refrigerator: 9-13 years

If you’re planning to replace a kitchen appliance, here are a few ideas about what to do with the old one.

Bathroom

Considering how often a bathroom gets used, its components often last a long time.

  • Cast iron tub: 50 years
  • Whirlpool tub: 20 years
  • Fiberglass tub and shower: 15 years
  • Toilet: 50 years

If properly maintained, many bathroom appliances can last even longer. Keep in mind that while a toilet may last 50 years, some of its internal components will need to be periodically repaired or replaced.

Laundry Room

How long a washer and dryer last will largely depend on how often they’re run. If you have a family of 8, your washing machine will probably not last as long since you’re doing more laundry than a family of 3. While there are pros and cons to both front-loading and top-loading washers, they each last about the same amount of time. The same is also true for both electric and gas dryers.

  • Washing machine: 10 years
  • Dryer: 13 years

One benefit of replacing an old model with a new one is that newer models are much more energy efficient. You could see substantial savings in your water or energy bills and may qualify for rebates.

HVAC

Your Loft’s HVAC system requires regular maintenance in order to keep it in good working condition. Even when they are kept in good working order, they also don’t last forever.

  • Boiler (electric): 13 years
  • Boiler (gas): 21 years
  • Furnace (electric): 15 years
  • Furnace (gas): 18 years
  • Furnace (oil): 20 years
  • Heat pump: 16 years
  • Air conditioning unit: 10 years
  • Tankless water heater: 20 years
  • Electric or gas water heater: 10 years
  • Humidifier: 8 years
  • Dehumidifier: 8 years
  • Thermostat: 35 years

With HVAC systems, newer is often better. Technology is always improving and heating and cooling appliances are becoming more efficient. Having your HVAC system serviced annually will help ensure that it lasts as long as possible. Change air filters and thermostat batteries regularly. Though thermostats can last for many years, new technology has made them incredibly efficient, and it’s often worth replacing them.




What To Do When Your Loft Sale Falls Through

5 Jan 2018 · by Virtual Results PubSub

What To Do When Your Home Sale Falls ThroughHaving your Loft sale fall through can be extremely disappointing. After months of preparing, accepting an offer and having your Loft under contract, it can be crushing to see the deal crumble in escrow. And a recent report from Trulia reveals that Loft sales fell through at double the rate in 2016 than they did in 2015. So what should you do if your Loft sale falls through?

Understand why the deal fell through

First of all, it’s important to understand why your deal might have fallen through. One of the most common reasons a deal doesn’t close is because of contingencies. These can include expensive repairs, a low appraisal or even and open lien on your Loft. Another common reason a Loft sale falls through is because the buyer cannot secure their financing. In some cases, these deals can be salvaged if the buyer is willing to negotiate. In others, though, you may have no choice but to relist.

Make needed repairs

If your Loft inspection revealed an issue that became a deal-breaker, you’ll need to invest in repairs. If not, you will need to disclose to the next buyers upfront what the issue is. You may also want to consider lowering your asking price to account for the repairs the new owner will need to make.

Adjust your listing price

If your Loft appraised for less than the asking price, you’ll need to have a discussion with your agent about adjusting that price. Buyers can only secure financing for the value of the property. If you don’t feel comfortable lowering the price, it might be smart to take your Loft off the market and wait for prices to recover. You can also try hiring a second appraiser to see if they appraise the Loft for a higher value.

Look for pre-approved buyers

While there’s always a chance a buyer’s loan could fall through, you’ll have greater success if you work with a buyer who has been preapproved for a loan. They’ve already been screened and are more likely to secure financing without any issues. Even better – look for buyers who are willing to make an all-cash deal. However, be aware that buyers willing to pay cash will often expect a better selling price than what you would agree to with other buyers who would need financing.

Limit contingencies

If contract contingencies caused your Loft sale to fall through, limit the contingencies on the next offer. One of the easiest pitfalls to avoid is having your sale contingent on the buyer’s sale of their current Loft. With this contingency, if their Loft sale falls through, so does yours. Look for buyers who aren’t relying on the sale of their current Loft to finance the purchase of their next Loft.

Be more attuned to a buyer’s behavior

Did your buyer get cold feet? It happens, especially because buying a Loft is a very emotional process. Be wary of buyers who seem particularly anxious or who don’t seem confident with the purchase. If you have the choice, choose a buyer who is confident, positive and ready to move forward.




New Year’s Resolutions for Buyers and Sellers

2 Jan 2018 · by Virtual Results PubSub

New Year’s Resolutions for Buyers and Sellers

The New Year brings a fresh start and the opportunity to set goals and intentions for the coming months. If you’re going to be buying or selling a Loft in 2018, now is the time to strategize. Here are some New Year’s resolutions that will help you to reach your goals of Loft buying or selling – or both!

Resolutions for Sellers

It’s time to get that to-do list written so you have a game plan for selling your Loft. Here’s what you should resolve to do in 2018 to get a great offer on your Loft:

  • Clean and organize – One of the biggest turn-offs to potential Loft buyers is walking into a Loft that is dirty and cluttered. It makes it nearly impossible to imagine what their life could look like in the Loft. Your first task when getting ready to sell is to get your Loft in order. Thoroughly clean and organize. Remove personal belongings and make needed repairs. Update paint and neutralize your decorations. Consider hiring a professional stager to maximize your existing space.
  • Decide on a timeline – Will you be purchasing a new Loft at the same time you’re selling your current one? You will want to be intentional with your timing, especially if you’re in a competitive market. Trying to pay two mortgages can be tough. Is it possible to delay the purchase of new Loft while you wait for the sale of your current Loft to close? How quickly do you need to be in your new location?
  • Interview real estate agents – Working with a professional makes the Loft selling process less stressful. Get recommendations from friends and family and schedule some interviews.

Resolutions for Buyers

Likewise, if your plan is to buy a Loft in 2018, here’s what you need to do to prepare:

  • Review your finances – Do you have enough money saved for a down payment? If not, how will you reach your goal? In addition, do you know how much you can afford to spend on a Loft? Take time to review your finances to make sure you have what you need to not only make the purchase but also to sustain the monthly payments.
  • Check your credit – Have you checked your credit report? If not, you should do that right away. Many credit reports contain errors and you will need time to have those mistakes removed. Checking your credit score will also give you an indication of what type of interest rates you’ll likely qualify for on your mortgage.
  • Get pre-approved – Speaking of mortgages, you should plan to shop around and get preapproved before you begin your Loft search. Getting preapproved signals to a seller that you are serious about the purchase. It will also show you how much you can afford to pay for your new Loft so that you can target your search.

If buying or selling a Loft is a goal for you next year, please don’t hesitate to contact us. Whatever your plans are for 2018, we hope you have a very happy and prosperous New Year!




Will Hygge Sell Your Loft?

22 Dec 2017 · by Virtual Results PubSub

Will Hygge Sell Your Home?

Have you heard about hygge? It’s the Danish concept of creating warmth and enjoying everyday life, and it’s been a huge trend in Loft design this year. It’s especially popular during the cold, winter months where a little extra coziness is in order. In fact, incorporating a little hygge into your Loft could be just the thing you need to help sell it this winter. Here are our favorite ways to bring this Scandinavian tradition into your space.

Give buyers a warm welcome

The first place that potential buyers will feel a sense of hygge is at your front door, so amp up that warm and welcoming feeling. Be sure the sidewalk and front porch are clean and free of snow or debris. Even though winter brings darkness, you can still highlight your Loft’s exterior features with some soft outdoor lighting. Keep the lights in the Loft on so a warm glow emanates outside and beckons people in.

Bring the outdoors in

Let the season work for you instead of against you by embracing it. Bring some seasonal sights and smells inside. This can include cinnamon-scented candles or simple arrangements made from holly and evergreen. When decorating, use hues that mimic the feeling of the season, including warm reds, earthy greens and rustic browns.

Create warmth – literally

We know that energy bills can get expensive during colder months, but now isn’t the time to skimp. Make sure your thermostat is set to a comfortable level, keeping in mind that your front door may be opening and closing several times. Check that the heating vents in every room are open so they are all warm.

Light it up

A great way to create a sense of hygge in your Loft is with lighting. You want your Loft to be well lit without being harsh. Turn off overhead lights and opt instead for floor and table lamps. Take advantage of those dimmer switches to create a warm ambience. Scatter some battery-operated candles throughout your Loft. We all know that candlelight makes everything look so much nicer.

Decorate with inviting textures

Create a space that makes buyers want to linger. You want them to be able to imagine snuggling up on the couch on a cold winter’s day. Drape soft blankets on couches and add comfortable cushions and pillows to chairs. Use textures like wool, velvet, chenille, and even faux fur.

Offer warm drinks and snacks

Isn’t it nice to sip on a cup of tea or hot chocolate on a cold day? Think about keeping a pot of mulled cider simmering on the stove. It tastes and smells delicious. Set out a plate of warm cookies or even roasted chestnuts. Choose snacks and drinks that feel like a special treat.

Don’t forget the soundscape

Lastly, don’t forget to add warm sounds to your Loft. If you have a wood-burning fireplace, there’s nothing like the sound of a crackling fire. Play soft acoustic music in the background – a little jazz or classical music can make people feel relaxed and right at Loft.

 




Face Your Loft Selling Fears

8 Dec 2017 · by Virtual Results PubSub

Face Your Home Selling Fears

We understand – selling a Loft is tough! It’s one of the biggest financial transactions you’ll ever complete in your lifetime. That can be scary. But don’t let it keep you from putting your Loft on the market. Here are some common fears that you might experience when selling your Loft, and tips on how to face them.

You’ll be overwhelmed

Getting your Loft ready for the market can be a big job. Cleaning, organizing, repairing and painting can take time. You may feel like your to-do list is going to be a mile long, and that you’ll never finish it. While it does take effort to get your Loft ready for showings, you can help yourself by starting early. Tackle your list one item at a time. Don’t feel like you have to complete everything in one weekend. Talk to your agent about which items to prioritize, and let them help you organize your tasks.

Your Loft won’t sell

This is a common fear for most sellers. It’s easy to worry that once you list your Loft, it will languish on the market for weeks or even months. Your fear can be compounded if you know you’ll need that money in order to secure a new place. The best way to face this fear is to get an early start. Work with an experienced agent who understands your local market. Your agent can make sure your Loft is priced right for the current market conditions.

Your agent will underprice your Loft

Another fear that sellers may face is that their agent will want to price their Loft too low. The best way to deal with this is to compare your Loft’s listing price with similar Lofts listed in your area. Are they around the same? If you feel this is a trust issue with your agent, interview other agents. You’ll either discover that your agent’s assessment is on par, or that it’s way off base. The bottom line is – you don’t have to list your Loft with an agent you don’t feel comfortable with.

You’ll feel exposed

Your Loft is your sanctuary. It’s where the most personal moments of your life take place. It’s totally normal to feel uneasy about suddenly opening your Loft to strangers. Especially when those strangers will be making judgments about it. If you are worried that you’ll feel too exposed, take time to remove all your personal belongings from the Loft before potential buyers walk through. Paint rooms in neutral colors. By de-personalizing your Loft, you’ll be able to treat it more like a business transaction.

You’ll be too emotional

Lastly, we know it can be tough to let go of your Loft. You’ve made memories there, and sometimes it’s difficult to move on. You can counteract this by daydreaming about the new chapter of your life that is coming up. Find reasons to be excited about it. It is easier to let go if you have something else to look forward to.




Get Ready to Buy in 2018

6 Dec 2017 · by Virtual Results PubSub

Get Ready to Buy in 2018Is 2018 the year you’ll finally realize your dream of buying a Loft? If you’d like to make that dream a reality, start planning now so you’ll be ready in the New Year. Here’s what you need to do to set yourself up for your 2018 Loft purchase.

Request your credit report

The first, and most important, thing you should do as you prepare to buy a Loft in the coming year is to check your credit. Your credit affects your ability to qualify for a loan and the kind of interest rate you’ll get. The better your credit, the more favorable your loan conditions will be. Even if you think you have excellent credit, you need to request your report. Many credit reports contain errors, and you’ll need time to address them and have them removed. And if your credit isn’t great, you can start putting measures in place to repair it.

Ask for money

When Santa asks you what you want for Christmas this year, tell him you want cold hard cash. All kidding aside, though, consider how much cash you’ll need for closing. Not only do you need money for the down payment – up to 20 percent of the purchase price – but you’ll also need to save for moving expenses, repairs and other unexpected costs. If you are expecting to receive gifts for the holiday, ask for financial contributions toward your Loft purchase.

Determine how much you can spend

Before you begin looking at Lofts in earnest, you need to determine your price range. Use an online calculator to plug in your details and find out how much Loft you can afford. And remember while it’s always fun to fantasize about your dream Loft, you’ll want to be realistic about how much you can comfortably spend each month. Committing to expensive mortgage payments that you have to stretch to make each month is stressful. You’ll enjoy your new Loft more if you aren’t worried about staying current on your loan.

Start looking at neighborhoods

The fun part of looking for a new Loft is researching neighbors and getting a feel for where you want to live. If you live close to the area where you want to move, drive around some neighborhoods, and see them at different times of day. If you don’t live nearby, take a virtual tour with Google Earth and scour the web for information. Start making a list of what you’re looking for in a community, and see which ones fit the bill.

Get pre-approval for a loan

If you’re happy with your credit score and you’re ready to begin your search, then it’s time to get preapproved for a loan. Take time to research lenders and find the best rates and terms. Getting preapproved for a mortgage shows sellers that you are serious about buying a Loft. It’s essential that you get a preapproval letter once you’ve determined you’re ready to start putting offers on Lofts that fit your needs.




Loft Selling Myths Debunked

24 Nov 2017 · by Virtual Results PubSub

Home Selling Myths Debunked

If you’re selling your Loft, you’ve no doubt received lots of advice about the process. Though most folks have the best of intentions, the information they share may not always be accurate. And in some cases, the “facts” they tell you may be downright harmful to getting your Loft sold. Let us save you some time and trouble by debunking some of the more common Loft selling myths.

You’ll get all your money back with improvements

While it’s true that some renovations can increase the value of your Loft, they aren’t all created equal. In fact, there are few that will pay for themselves entirely. Talk to your agent about what upgrades should be tackled before you list your Loft, and which ones to leave for the next owners.

Minor repairs can wait

We understand how annoying it can be to tighten every screw, replace every burnt-out light bulb and repair every leaky faucet. But making minor repairs can mean the difference between getting the price you want and having to accept a lower offer. Most buyers are looking for a Loft that is move-in ready. So now is the time to finally tackle that to-do list of minor repairs.

The seller determines the price

While the Loft seller does ultimately make the decision about the listing price, there are many factors that determine the number. The biggest factor that dictates what you can reasonably expect to get for your Loft is the market itself. Thoroughly research all the comparable properties for sale in your area, and rely on the expert market knowledge of your agent to arrive at the best price.

Price high at the beginning

There are some who believe that overpricing a Loft gives a potential buyer room to negotiate. But what it really does is scare most potential buyers off. With so much information available online, today’s buyers know when a Loft is being listed for an unreasonably high price. And in most cases, buyers will not schedule an appointment to view the Loft. Pricing high will often result in your Loft spending more time than necessary on the market. And the longer your Loft is on the market, the more unattractive it becomes to potential buyers. Do yourself a favor, and price it correctly at the start.

Repaint everything a neutral color

If your Loft is covered in zebra-stripe wallpaper, then you may want to consider toning it down a little. But not all vibrant colors need to go. Sometimes, those bold colors play up a nice feature of your Loft or brighten up an otherwise drab room. If you feel like the color may be a little much, you can play it down with more neutral furnishings.

Remove all holiday decorations before a showing

The holiday season is quickly approaching. If you’re getting ready to sell, you may think you’ll have to keep those boxes of holiday decorations stored until next year. If the thought of not decking your halls makes you sad, know that it’s OK to do a little holiday decorating. Just be sure to keep it simple and tasteful. In fact, those decorations may be just the thing to convince a potential buyer of how cozy and festive your Loft can be.