Get Into a Seller’s Mindset

15 Feb 2019 · by Virtual Results PubSub

Get Into a Seller’s MindsetIt takes more to sell a Loft than putting up a listing and hoping for the best. In order to make the most of your Loft sale, you need to get into the right mindset. Knowing what’s ahead and preparing for it will set you up for success. For that reason, it’s vitally important to get yourself mentally ready for the selling process. Here are our best tips on how to do just that.

Emotionally detach from your Loft

The first thing you need to do to get into a seller’s mindset is to emotionally detach from your Loft. We understand that this is the place where you’ve made many cherished memories. But in order to have a successful sale, you’ll need to treat it as a business transaction. Focus on the future and the life you want to create in your new Loft as you release the old one.

Set a realistic listing price

Speaking of emotion, it’s easy to let your feelings get in the way when you’re setting the asking price for your Loft. It’s essential that you instead get into a more research-based frame of mind. Don’t rely on a feeling to determine your listing price. Instead, research comps in the area, learn about the local market, and listen to your agent’s advice. Your agent will be using data from the market as well as a deep knowledge of the area to find just the right price for your Loft.

Manage your expectations

Every seller dreams of having multiple offers over the asking price, resulting in a bidding war. But unless you live in a really hot market, it’s unlikely that will happen. Manage your expectations when it comes to the offers you receive, and be willing to look at them all fairly. Don’t be afraid to consider offers that come with a lower down payment. Just because a buyer is putting down less money in the beginning does not mean they have bad credit or are a risk. It’s more important to look at the bigger picture to determine if the offer is a good one that is likely to make it to the closing table.

Prep your Loft

The fact is, your Loft probably won’t sell itself as-is. You will need to put in some work, and possibly some money, getting it ready for the market. This means making needed repairs or upgrades, sprucing up the curb appeal, and staging it for showing. The more appealing your Loft looks to potential buyers, the more likely you’ll sell quickly and for a good price. But it will take some time, effort, and money to get your Loft ready for showing.

Understand you’re part of a team

Finally, it’s important to remember that you are part of team. When you engage a professional real estate agent to help you with the sales process, that person becomes your partner. You will be working as a team with your agent, and will need to be open to ideas, suggestions, and advice. The same is true for your agent. You’ll want to partner with someone who will understand your needs and your experience with the Loft. By relying on each other, you’ll be far more effective than if each of you were working independently.




Is Winter a Good Time to Buy?

8 Feb 2019 · by Virtual Results PubSub

You’ve probably heard that the real estate market hits its peak in spring and summer when kids are out of school and families to have time to make the transition. But that doesn’t mean that you can’t be in the market and score a great deal during the other times of the year. If you’re thinking of buying a home in winter, here’s what you need to know.

Less inventory, better deals

There’s no denying that you’ll find the most homes on the market in the spring and summer months when families are relocating. As a result, you’ll discover there are fewer homes to choose from in the fall and winter. But don’t let that deter you. Even though you won’t have as many open houses to attend, you will find better deals overall. While there are fewer sellers in the winter, there are also fewer buyers. This means that those sellers will be more likely to make a deal with you. These deals could come in several ways including a lower price, longer closing time, and more room for contingencies. If you find a home that’s been on the market for a few months, you may find the seller is more than willing to negotiate with you.

Less competition

As stated above, there are fewer serious buyers in the winter. No buyer wants to get involved in a bidding war, and you’re less likely to experience that during the winter season. Fewer buyers mean less competition, so you’re more likely to be able to make an offer and have it accepted. And if you’re in a buyer’s market where the inventory of homes for sale is high, there’s a good chance you could find a great deal at this time of year.

Best test for the home

When you buy a home, you want to ensure that it’s in good shape and is ready to withstand the weather. What better time is there than in the dead of winter to see whether or not the house has any issues? During the winter, you will be able to see how well the home is insulated, if it’s protected from moisture and leaks, and if it can withstand the howling winds. You’re more likely to notice drafts, or where water may be pooling and freezing. Since many trees will have lost their leaves, you get a better overall picture of the house, including the roof. Without the trees in the way, you’re better able to see if there are any issues that may need to be addressed before you buy.

More attention from your agent

Finally, one of the best reasons to buy in the winter is that your agent will have more time to spend with you. Lower activity in the winter months means agents aren’t as busy. They’ll be more available to answer your questions and can work harder to negotiate on your behalf.

So don’t let the winter weather keep you from house hunting. Winter can be one of the best times of the year to buy a house. Why not start your search today?




What To Know Before Selling

1 Feb 2019 · by Virtual Results PubSub

What To Know Before Selling

If 2019 is the year you want to sell your Loft, then there are some things you should know before you do it. In fact, the more time you can spend getting organized and preparing your Loft before it hits the market, the better. After all, you only get a single chance to make a good first impression. Here’s what you need to know before you sell.

Know the local market

Do you have pie-in-the-sky dreams about selling your Loft at a great price? While it’s great to daydream, you also need to ground your expectations in reality. While you may have a general idea of what the housing prices are in your area, it’s time to do some more research. Check to see how many homes are for sale. Look for homes that are comparable in size, number of bedrooms and bathrooms, and other amenities. You might even consider attending a couple of open houses. Educating yourself about local housing prices will help you as you decide on an appropriate asking price for your own Loft.

Know what documents you’ll need

Remember how much paperwork was involved when you bought your Loft? It’s time to get ready for that again. Sort through all the paperwork you have for your Loft. This includes documents related to the original sale as well as your mortgage, tax bills, utility bills, warranties, appliance manuals, and records of repairs. You will also want to make sure that any outstanding permits or building violations have been cleared. Finding and organizing all this paperwork before you begin the sales process will make everything run much more smoothly.

Know the closing costs

When you think about selling your Loft, you think about making money, right? Well, it’s important to remember that it also costs money to sell your Loft. While some of the fees are negotiable, you can expect to pay about 10 percent of your selling price in fees and commissions. These costs include the real estate agents’ commissions as well as closing costs like HOA fees, property taxes, transfer taxes, title insurance, escrow fees, and attorney fees. You may also be footing the bill for repairs, professional staging, and utilities while the Loft is on the market (even if you aren’t living there). Also remember that the proceeds of your Loft sale will first be used to pay off your existing mortgage, including any penalties for paying off the mortgage early.

Know you’re in good hands

Finally, the best tool you can have in your arsenal when selling your Loft is a knowledgeable real estate agent. Take time to interview several agents in your area so you can get a feel for them. Don’t be afraid to ask questions and to research their backgrounds. It’s important to choose a real estate agent with whom you feel comfortable. You will feel less stress down the line when you know from the beginning that you’re in good hands.

Selling a Loft can be a complex process, and it pays to prepare ahead of time. By knowing what to expect and getting organized, the process will be much less stressful for both you and the buyer.




Competing Against an All-Cash Offer

25 Jan 2019 · by Virtual Results PubSub

Competing Against an All-Cash OfferYou found a Loft you love. You made an offer that you thought couldn’t be beat. But it was – by an all-cash offer from another buyer. Although buyers who pay for Lofts with cash are attractive in many markets, it doesn’t mean you will always lose out. If you want to compete with all-cash offers, here’s what you need to know.

Be a strong candidate

If you’re hoping to out-bid an all-cash offer, you have to have all your ducks in a row. You will need to have a down payment of at least 20 percent. You’ll need a stable job and extra money in the bank. You’ll have a small amount of debt and excellent credit. As long as you can prove to a seller that you aren’t a risk, you have the ability to beat out a cash buyer.

Offer more money

Who doesn’t want to make more money on their Loft sale? If you have the means to offer more money, then it could be worth it to do so. Just be aware that you don’t want to offer more than the Loft is worth or more than you can afford. Also be aware that the seller may see if the cash buyer is willing to match your offer. Although it isn’t a foolproof strategy, it could help you seal the deal.

Make a bigger down payment

One of the biggest concerns in the real estate process is having a sale fall through because of a low appraisal. You can help to mitigate this issue by making a larger down payment. If you are only looking for fifty percent financing on the Loft instead of eighty percent, for example, there’s less concern about the appraisal. This can significantly improve your odds of beating a cash offer.

Get an underwriter’s review

If you’re serious about buying a Loft, then you know how important it is to get pre-approved for a mortgage. But that might not be enough if you’re trying to beat an all-cash offer. You can take it a step further by getting an underwriter’s review of your loan application before you make the offer. The underwriter will review all your finances and can provide you with a loan commitment letter to submit with your offer. Talk to your agent if you think this might be right for you.

Move quickly

One of the benefits of the all-cash offer is the time it saves on the closing process. You have a better chance of competing if you move quickly on your loan. See if you can get a jumpstart on your mortgage by sending the lender the preliminary title report. Line up an appraiser at the time you write the offer, and let the seller know. Also schedule the inspection as soon as possible. If you can help to shorten the loan process by being on top of all the details, the seller will be more likely to seriously consider your offer.

Write a letter

Finally, it doesn’t hurt to write a letter to the seller. Let them know why you love the Loft, and why you imagine you and your family living there for years to come. Buying and selling residential real estate isn’t just a business transaction. It can also be an emotional milestone. Let the seller know a little more about you. It could make all the difference in the world.

Compliments of Virtual Results




939 Broadway released

22 Jan 2019 · by ChrisSampaio

939 Lofts is the newest building for sale in Downtown LA. Originally built in 1925 and know as The Western Costume Building it used to house offices and used often for filing.

Restored by the unfamous Barry Shy also known for many other Downtown buildings like the Higgins, Bartlett and SB Grand among others the building sits right next to the ACE Hotel and across the street from the new West Elm store.

The building is not ready for move in yet, but most of the units are ready. They have a few models open where you can see the finishes and views.

These are mostly enclosed lofts, so the bedroom,s have walls and doors. Floors are tile and the kitchen and baths look nice, but nothing special.

The best units face West where you get really nice views. The building features a pool, gym, and doorman. The HOAs are a bit stiff for not including parking and range between $700 and $950 per month. The developer is paying for a year of parking next door though. This is phase one and they are releasing the higher floors first.

If you would like to see it give us a call.

 




2019 Loft Design Trends

18 Jan 2019 · by Virtual Results PubSub

2019 Home Design TrendsHappy New Year! It’s 2019 – are you ready for a Loft décor re-boot? It’s that time of year when many Loft owners want to declutter, get organized, and try out new looks in their living spaces. Are you one of them? Then read on to find out what experts are predicting will be the hottest Loft design trends of 2019.

Amazing bathtubs

Life can be a challenge, right? What better way to relax at the end of a hard day than in a magnificent bathtub? Apparently, many Loft owners are on board with this idea. According to the Houzz Bathroom Trend Study for 2018, more than 80 percent of Loft owners replace major features like bathtubs when they renovate their master bathrooms. Soaking tubs are on the top of the bathtub wish list, and many Loft owners are expanding their bathrooms to accommodate the extra size.

Black and white kitchens

White kitchens have long been popular with Loft owners, but 2019 may see a spike in black accents. These can be added to a white kitchen in the form of black appliances, island accents, and cabinetry. Black is a great choice if you have kids and pets, as it hides dirt and smudges better than white.

Fireplaces

Another “hot” trend of 2019 will be fireplaces and fire pits. Fire features can add a cozy ambiance to any living space, whether indoor or outdoor. They can also become a focal point instead of a television, giving you a quiet place to relax and unwind.

Mix-and-match furniture

If you love an eclectic mix of styles, then you’ll be happy to hear that mix-and-match furniture will be big in 2019. Decorating your living room or bedroom with a suite of furniture designed to look the same is on the outs this year. Instead, you’ll see greater use of furniture from a mix of time periods. Don’t be afraid to pair that family heirloom with a functional piece from IKEA. In 2019, anything goes.

Velvet

Who doesn’t love the look and feel of velvet? It will be making a serious comeback in 2019. You’ll find it everywhere from sofas to bed linens. Velvet adds a wonderful textural dimension to any room and makes it look cozy and rich. If you’re not sure just how to incorporate this luxurious fabric, start small. A lovely throw blanket or a couple of pillows for your sofa can add that touch of sophistication you’re looking for.

Natural finishes

Finally, one of the biggest trends you’ll see in Loft design in 2019 is the use of natural finishes. Some of the materials you’ll see in showrooms and living rooms include copper, concrete, stone, granite, bamboo, brick, and reclaimed wood. These natural elements will add an instantly warm and cozy feel to any room in your Loft. Finish off your use of these natural elements by bringing in more of nature with plants and other greenery. Buy Loftplants that can live well indoors and even filter toxins out of your air. Or keep it simple with some faux plants that look just like the real thing. What you’ll end up with is a living space that feels grounded and serene.




Bad Cleaning Habits

11 Jan 2019 · by Virtual Results PubSub

Bad Cleaning HabitsThe New Year is here! For many Loftowners, that means cleaning and organizing to start 2019 off on a good foot. Although you may have the best of intentions, you could be making some common cleaning mistakes. By trying to take shortcuts, you may actually be creating more work for yourself. Let’s take a look at what those bad cleaning habits may be and offer some solutions for how to tackle them.

Using toxic products

We know you want to get the job done well and quickly, but heading straight to the harshest products isn’t necessarily good in the long run. Many of those products can be toxic to you, your family, your pets, and the environment, especially if you’re exposed to them often. Unless you have an extreme situation, switch to gentler, natural products that are safer to use.

Using too much product

Extra product makes things extra-clean, right? Unfortunately, that is not the case. When you use more product than is necessary, like laundry detergent, you end up spending more time cleaning the product off. If you don’t, you leave a residue behind that actually attracts more dirt and grime. Pay attention to labels for the recommended amounts, and use that amount or less.

Using dirty tools

You may think your cleaning tools are clean because you use them for cleaning. But chances are those tools are pretty dirty. In fact, your kitchen sponge is a hotbed of bacteria. If you’re not careful, you could just be spreading more bacteria around when you use it. The same goes for your vacuum cleaner. If it’s filled with dust and debris, you’re just blowing it around your Loft when you use it. Also keep an eye on your washing machine. If it gets a funny smell, you’re likely using too much detergent and causing bacteria to build up.

Not vacuuming last

If you’re vacuuming your rooms before you dust them, then you’re not cleaning as well as you could be. When you clean up dust, it tends to float into the air and eventually reaches the ground. If you vacuum before you dust, then those dust particles will remain on the floor until the next time you clean. The best rule of thumb is to clean rooms from the top down, and finish by vacuuming.

Not closing the shower curtain

Don’t you hate having a moldy shower curtain? You can keep it from attracting mildew by closing it after you shower. When you leave your shower curtain open, the water in the folds doesn’t dry quickly. Over time, mold and mildew will develop. The same goes with your bath mat. Hang it up to dry after each use so that it doesn’t get moldy.

Waiting too long to clean

Finally, one of the worst cleaning habits we all have is waiting too long to clean. It’s so much easier to tackle a little bit of cleaning every day instead of waiting until the task becomes so overwhelming that you don’t want to do it. Do yourself a favor, and make a resolution for 2019 that you’ll clean a little every day instead of waiting to clean the whole Loft at one time.




Title Vs. Deed

5 Jan 2019 · by Virtual Results PubSub

Title Vs. DeedIf you’re buying a Loft, then you’ve probably heard the terms “title” and “deed.” While these words are often used interchangeably, they are in fact different. And it’s important to understand the distinction when you’re getting ready to purchase a Loft. Let’s take a look at these two common terms.

What is a title?

In real estate, the “title” refers to the concept of ownership of a piece of property. It’s a term that gives you legal rights and ownership as well as responsibilities. Either individuals or groups can hold titles. For example, a married couple can jointly hold the title to a Loft. Groups such as corporations or trusts can also hold titles. In these cases, everyone in the group shares the rights, ownership, and responsibilities to the property. When you hold the title, you have access to the land and can make modifications to it. In addition, when you hold title, you can transfer the portion that you own to others.

What is a deed?

Unlike a title, which is a legal concept, a deed is an actual legal document. When you hold a title to a property, you transfer it to another person or group with a deed. It is a physical document that is signed by both the seller and the buyer. The person who is transferring or selling the rights to the property is called the grantor. Conversely, the person who is obtaining the rights to the property is called the grantee. When you buy a property, you will receive a signed document called a deed. This deed proves you hold the title to the property. In most states, deeds become part of the records of the assessor’s office or courtLoft.

How are they different?

In short, though the two terms are closely related, the title is the concept of ownership whereas the deed is a physical document. The deed is the record of the transfer of title from one person or group to another.

How does the process work?

When you’re buying a property, the lender will perform what is called a title search. A title search is an essential part of the Loft buying/selling process. The title search will let you know if there are any existing liens or back taxes owed on a property. A title search will protect you from taking on additional debt that you were not aware of. A title search will also uncover whether there are any easements on your property. Typical easements would include the right of a utility company to erect poles to install power lines.

What is title insurance?

Finally, even though the lender researches the title, there are times when an issue can arise down the road, such as a missed lien. For that reason, you purchase owner’s or lender’s title insurance. Owner’s title insurance protects you from being responsible for anything that has happened in the past, such as fraud or unpaid liens. Lender’s title insurance protects the lender in case any of these issues arise. You continue to pay lender’s title insurance until you pay off your mortgage in full.

While titles and deeds are closely related, it is important to know the legal differences when you’re buying a Loft. When in doubt, seek the advice of your real estate agent.




What is a credit freeze?

23 Dec 2018 · by Virtual Results PubSub

What is a credit freeze?

Are you worried about having your sensitive financial information stolen over the holidays? Then you may be considering a credit freeze. But if you’re also preparing to buy a Loft, a credit freeze could become problematic. Here’s what you need to know about credit freezes and how they can affect your ability to qualify for a mortgage.

What is a credit freeze?

A credit freeze is a free tool that consumers can use to restrict access to their credit reports. A credit freeze can be a great idea if you’ve been the victim of identity theft, as it makes it difficult for criminals to open a new line of credit in your name. Since most creditors use your credit report to qualify you for an account, the credit freeze makes it unlikely that you’ll have to deal with fraudulent purchases made in your name.

How do you freeze your credit?

After the Equifax security breach in September of 2018, Congress passed new legislation that requires all the major credit bureaus to allow consumers to freeze their credit reports for free. Previously, a fee was levied each time a freeze was initiated. In order to freeze your credit, you must contact each of three credit bureaus – TransUnion, Experian, and Equifax. They are required by law to respond to your request within one business day if you contact them by phone or online. They have three days to respond if you mail in your request.

How does it affect a mortgage application?

Although a credit freeze can help keep you from becoming the victim of a crime, it also prevents legitimate inquires. This means if you’re applying for a mortgage, a lender will not be able to access your credit report. If they can’t verify your credit history, they can’t estimate your rate or terms. This means when you’re applying for a mortgage and closing on a Loft, you need to unfreeze your credit. In the past, this could slow down the mortgage application and closing process significantly.

How do you unfreeze your credit?

Fortunately, the new legislation makes it much easier and faster to freeze and unfreeze your credit. When you know you need to unfreeze your credit because the lender will need to pull your report, you will once again contact each of the three credit bureaus. By law, they are required to respond to your request within one hour if you call or contact them online. Be aware that you must be the one to contact each credit bureau. Otherwise, your lender will not be able to access the information they need to proceed with your Loft purchase. Also be aware that lenders will need to pull your credit history twice – once during the application process and again right before closing.

Should you freeze your credit?

The bottom line is that a credit freeze should not impair your ability to qualify for a Loft loan. You simply need to be knowledgeable about the process and understand that it’s your responsibility to contact each of the credit bureaus to both freeze and unfreeze your report. Because of the changes in the law, it should no longer significantly slow the Loft buying process. And you can have the peace of mind knowing that you’ll have the added safeguard against identity theft during the holiday season.

Compliments of Virtual Results




Prepare to Buy a Loft in 2019

7 Dec 2018 · by Virtual Results PubSub

Prepare to Buy a Home in 2019Is buying a Loft your New Years resolution for 2019? Are you unsure where to start? While buying a Loft can be a complex process, there are steps you can take now so that you’re more prepared when the time comes. Here’s how to get yourself ready (and excited!) to find your dream Loft in 2019.

Check your credit report

If you’re planning to finance your new Loft, then you’re going to need to apply for a mortgage. Mortgage lenders rely on your credit report to establish the terms and interest rates for your loan. For this reason, it is imperative that you request a copy of your credit report well before you apply for a loan. You can find out your credit score and take steps to improve it over the coming months. You’ll also see if there are any errors on your report, which will give you time to have them removed.

Pay down your debt

Taking on a mortgage is a big financial responsibility. As much as possible, you should begin paying down your other debt, including car loans and credit card balances. The fewer monthly bills you have to worry about once you’re a Loft owner, the better. Decreasing your debt will also improve your credit score, which will net you a better deal on your Loft loan. In addition, avoid taking out any new debt as you prepare to buy a Loft.

Save for a down payment

Depending on the type of Loft loan you qualify for, you’ll need to have anywhere from three to 20 percent of the purchase price of the Loft saved for a down payment. In addition, you’ll need money for closing costs so it’s best to start saving as early as possible. The larger the down payment you have, the more you’ll be able to spend on a Loft. Create a savings plan and stick to it.

Determine your budget

Now is also a good time to set a realistic budget for the Loft you’d like to buy in the New Year. While we all have champagne wishes and caviar dreams, it’s essential that you buy a Loft you can reasonably afford. There’s nothing worse than stressing out each month about having enough for your mortgage payment. A good rule of thumb is to have approximately 30 percent of your monthly income set aside for housing costs. This includes insurance, taxes, and maintenance so budget accordingly.

Start researching Lofts

Finally, once you’ve determined how much you can spend on a Loft, make a list of your needs and wants. Then begin researching neighborhoods and browsing listings. You’ll get a feel for what the market is like in each area and narrow down where you’d like to conduct your search. Get clear on what’s important to you – whether it’s location, number of bedrooms, or whether or not you’ll consider a fixer-upper. The clearer you can be going into the process, the less likely you’ll feel overwhelmed by all your options. The bonus is that it’s fun to begin looking at Lofts that are available and envisioning what your life will look like as a new Loft owner. So have some fun and enjoy the process!




Finding Gratitude in Times of Transition

30 Nov 2018 · by Virtual Results PubSub

Finding Gratitude in Times of Transition

Buying or selling a Loft can be an emotional transition. Packing up and leaving one Loft and then getting settled into another is often disorienting. This can be especially tough during the holidays, which is traditionally a time we associate with enjoying the comforts and familiarity of Loft. If you’re experiencing a transition this holiday season, take heart. There are many reasons to be thankful for this phase in your life. Here are some tips to help you find your gratitude during your transition.

Resist making comparisons

Teddy Roosevelt said, “Comparison is the thief of joy,” and nothing could be truer. It’s tempting to compare how this holiday is different from those in the past, but try to resist that urge. Comparison robs you of your happiness and will make your transition more challenging. Focus on the present and find the small joys in each day.

Get out of the Loft

When you’re in the process of moving, it can get chaotic inside your Loft. When you get a little too stressed out, give yourself a time out. Get out of the Loft and do something fun. Go see a movie or have a delicious lunch. If you’re leaving town, drop in on a friend and let them know how much their friendship has meant to you. If you’re getting settled in a new place, take some time to explore your new neighborhood. Everyone deserves a breather, even when there’s work to do. Those boxes will still be there for you to tackle tomorrow.

Appreciate a fresh start

Everyone has different reasons for moving, and they can be both positive and negative. If you’re feeling conflicted or blue about saying goodbye, practice having a positive mindset. Remind yourself that this is an opportunity for a fresh start. Declutter and purge items that no longer serve you. It can be healthy and productive to work through your emotions and appreciate the possibilities that lie ahead.

Stay organized

One of the toughest parts of moving is not knowing where anything is. Whether you’re packing or unpacking, it’s frustrating to not know where basic items are hiding. Be kind to yourself and stay organized. Make sure you have all the supplies you need, and keep them in a central location. Label boxes once they’re packed. Pack an overnight bag that has some comfort items in it so you’ll feel more at Loft on your first few nights in the new place.

Practice mindfulness

Finally, one of the best ways to stay grounded during a stressful transition is to practice mindfulness. When you’re worried or anxious about what happens next, you rob yourself of the ability to feel joy right now. Mindfulness is a great way to deal with those uncomfortable emotions. Close your eyes and take a few moments to take some deep breaths. Observe your emotions without judgment. Acknowledge something that you’re grateful for at that very moment. It could be your health, the way the light is coming through the window, or your favorite cat resting at your feet.

Although transitions are often stressful – especially during the holidays – you can and will get through them. Try some of the techniques above if you’re facing a tough transition this holiday season.




Should You List your Loft in the Winter?

23 Nov 2018 · by Virtual Results PubSub

Should You List in Winter?

The nights are getting longer, temperatures are dropping and the holidays are approaching. That means you should wait to list your Loft for sale until next year, right? That isn’t necessarily true. While spring and summer tend to be the hottest seasons in the real estate market, there are arguments to be made in favor of selling in winter.

Buyers are motivated

It’s not uncommon for people to relocate for work at the beginning of the year. That means those folks will be looking for a place to live. Since they’ll need to be in a new location by a specific date, they’re more motivated to buy a Loft. In winter, you’ll get fewer people who are “just looking” and more who are serious about a Loft purchase.

Buyers have more free time

Chances are the buyers who are looking at Lofts in winter will also have more free time to browse. Since many people take time off over the holidays, they’ll often use it to do their Loft searching.

Less competition

Some Loft sellers aren’t locked into a timeframe. They’ll be more likely to postpone their listing until the holidays are over and schedules are less hectic. With fewer Lofts on the market, there’s less competition for those motivated buyers you’ll see in winter.

Your Loft will look cozy

It’s easier in the colder months to make your Loft look cozy and inviting to potential buyers. Build a fire in the fireplace and light some candles around your Loft. There’s nothing quite like the soft glow of the fire to make a Loft feel and look warm and appealing.

Curb appeal is easier

Unless you live in a climate that is temperate year round, you won’t need to go out of your way to plant flowers and create curb appeal. Just make sure the driveway and walkways are clear and clean the yard of fallen leaves and other debris. Consider hanging some twinkle lights and a simple, tasteful wreath on your front door.

Timing is better

If you’re a seller who will also need to be buying a Loft in a new location, the timing can work in your favor. By listing and selling in the winter, you’re free to begin your Loft search in early spring without the stress of trying to sell at the same time.

More agent attention

Winter is generally a slower time, even in an active market. Chances are your real estate agent won’t be as busy as they are at other times of the year. This means less stress for them and more time to focus on finding you the right buyers. The same holds true for mortgage brokers and anyone else involved in the closing process. You’re more likely to have a relaxed closing day than if you were to sell in the middle of summer.

Don’t let “conventional wisdom” keep you from listing your Loft in the winter or during the holiday season. Now can be the perfect time to sell!


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