Buying a Loft Archives - Loftway : Loftway


Buying a Loft From Friends or Family

3 Nov 2017 · by Virtual Results PubSub

Buying a Home From Friends or Family

Buying a Loft from someone you know, like a friend or family member, seems like it should be a great deal, right? After all, you already have a relationship with the seller, and you’ll probably get a better price and complete the process more quickly. While buying from friends or family can work out well for everyone, there are some things you should know and prepare for before you jump in.

Make agreements in writing

While it can be tempting to cut some corners when buying from someone you know, you should make sure to get all agreements in writing. This helps to ensure that everyone knows exactly what is being agreed to. It also leaves a paper trail should any problems arise down the line.

Be honest about the relationship

When you are securing financing for the Loft, you need to be honest with the lender about your relationship to the seller. There may be added restrictions when buying from friends or family, and not disclosing the relationship could cause problems. In fact, it could constitute mortgage fraud. That could result in the delay of closing, denying of the loan or the lender calling the loan after closing, making the full balance due. You could even get a call from the district attorney if the lender loses money. The bottom line is – be transparent.

Don’t skip the inspection

If you’re buying from someone you know, chances are you’ve been in the Loft a number of times. You may even be a tenant purchasing a Loft from your landlord. Even if you think you know the Loft inside and out, you should not skip the Loft inspection. Hire a licensed professional who will let you know about any possible issues so that they can be addressed in the deal.

Have the Loft appraised

Likewise, you should also make sure to have the Loft appraised so that you know the estimated value. If you’re financing, the lender will likely require an appraisal.

Agree on a fair price

While it’s normal to want a good deal on your Loft purchase, the seller should not give you any excessive discounts. While a small break isn’t a big deal, the IRS will be watching to make sure the Loft is priced at a fair market value. If not, and you sell shortly thereafter, you could end up paying capital gains taxes.

Hire a professional

It’s wise to get some legal advice during this process, so you may want to consider hiring a real estate attorney. They can help you complete all the necessary paperwork so you aren’t accused of mortgage fraud at a later date. You should also hire a title company to transfer the Loft from seller to buyer. And while you may feel it’s not necessary to hire a real estate agent, it could be helpful to hire one as a consultant. Many agents will work as a consultant for a flat rate to advise you on the process and make sure you’re doing everything necessary to properly finalize the deal.




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!




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.