Distress Sales/Bank Foreclosures Hotlist

Distress Sales/Bank Foreclosures Hotlist

Get your copy by completing the form on this page.

REO Foreclosure House by Downtown Los Angeles

“Lofty” Little House with High Ceilings by Downtown L.A.

Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It’s not easy for the average home buyer to find these deals, because you have to keep searching to see when one comes up.

If you’re the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you’re automatically plugged in to the most current list of Foreclosure Properties on the market, in the price range and area that interests you. You can also have access to updates of the list as new properties are added to it.

Here’s how it works. You will receive a FREE report listing the current Foreclosure properties (including photos) in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.

You can request this free “Distress Sales and Bank Foreclosures Hotlist” by filling out the form on this page.

REO Foreclosures with just 3.5% down.

http://www.lacondoinfo.com/gold_distress.asp

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Downtown Loft Buyers Save Time and Money by Knowing Purchase Price Ahead of Time

Downtown Loft Buyers Save Time and Money by Knowing Purchase Price Range Ahead of Time

Buyer's Agent and Pre-approval are First Two Keys to Loft Purchase

Buyer’s Agent and Pre-approval are First Two Keys to Loft Purchase

A recent buyer failed to close escrow on a home and lost $5,000 of his deposit because he did not know how much money he had.  Buyers will always save time, money and find the perfect loft faster and easier when they know in advance exactly how much home they can afford.  More than half of buyers begin their search online without a buyer’s agent and without a lender pre-approval.  These potential buyers are worse than flying blind because, not only might they have an inaccurate estimation of the target purchase price, but they are likely seeing outdated listings online with incorrect pricing that give the wrong picture of the current market.  Buyer’s agents and lender pre-approvals are the first two keys for entering a successful path to buying an amazing loft.

Happy Buyer Gets Special Deal

Happy Buyer Gets Special Deal on an Amazing Loft

Outdated online listings that were posted more than 6 months ago can be off by well over $100,000 from today’s market.  Buyers must use a Downtown specialist Realtor to get up-to-the-minute pricing on Downtown properties.  Popular third party websites such as Trulia are very helpful by showing loft and building information, but the information is on average more than 36 days older than the priority information provided by the top buyer’s agent team in Downtown Los Angeles.  It usually takes more than 30 days for the agreed sale prices to be listed on the MLS.  And now, The MLS recently announced an additional 3-day delay in releasing new MLS listings to third party websites.  Smart buyers take advantage of priority information provided free by a Downtown specialist Realtor who has privileged access to unlisted properties and unpublished pricing information on lofts that sold yesterday.

Industrial and commercial lofts usually require a loft lender

Industrial and commercial lofts usually require a loft lender

One of the biggest disasters is commonly suffered by buyers with no agent, the wrong agent or wrong lender.  These unfortunate buyers either fail completely, or have a clumsy, uncomfortable process that, if it even succeeds in landing a property in escrow, the escrow fails when the wrong lender makes a shocking phone call to the buyer to announce that the lender cannot lend on a loft.  The phone calls sounds something like, “of course we cannot do a loan on an industrial or commercial property; we are a home loan company and we just found out that this is not a residential property.”  The buyer then either loses the property, which falls out of escrow, or the buyer is asked to pay expensive per-diem fees while hoping that another lender might be able to lend on an industrial loft.  By using a Downtown specialist Realtor who would refer a the right loft lender for the building, this disaster would have been prevented.  With a Downtown specialist buyer’s agent and a pre-approval from a loft lender, the buyer can go straight to the best matches and potentially get the perfect loft on the very first try.  Ideally, the successful buyer goes into escrow with the right loft right away, and the buyer’s agent shows comparable lofts for sale simply to provide confirm that the buyer found the best deal; the agent shows the buyer several additional lofts to provide extra assurance that the buyer already found the most amazing loft that is the best match for the buyer.

Nearly half of Downtown lofts purchased are UNLISTED

Nearly half of Downtown lofts purchased are UNLISTED

More than half of Downtown loft seekers waste time by looking at the wrong properties, unavailable properties and properties in the wrong price range.  Taking more than an hour for each average wrong property, some buyers who would normally otherwise be successful find themselves burned out on seeing wrong properties, while the buyer with a Downtown specialist receives the best matches by email as soon as the properties are listed.  The buyer with the best agent saves time by seeing the right property at the right price.  Do not miss out on the right property.  Click below to get free help from the #1 Downtown buyer’s agent team, receive priority information, and get access to the largest number of pocket listings and unlisted properties.

http://www.lacondoinfo.com/contact.asp

To get VIP Insider Access to Downtown home buying reports, CLICK HERE.

 

Posted in Buy Loft, Downtown Los Angeles, Lofts Downtown Los Angeles, Real Estate News | Tagged , , , , , | 1 Comment

16 Most Important Steps in the Loft Buying Process

16 Most Important Steps in the Loft Buying Process

alta-lofts-balcony-penthouse-buyerTo get the best deal on a Downtown loft or condo, it pays for prospective buyers to be prepared to take advantage of opportunities.  One of the most common mistakes that would-be Downtowners make is to find the perfect loft before hiring a Downtown specialist Realtor.  The a future urbanite finds an amazing loft, and then it takes several days to place an offer.  The amazing loft is most likely already taken by that time by another buyer who finds it equally desirable.  The steps may be slightly different for NEW LOFTS.

Here are the basic steps before, during and after the condo buying process.

1. Representation Agreement with buyer’s broker – within one week
2. Send proof of funds to broker – within one week
3. See properties in price range
4. Request comps for desirable properties – sold price of similar properties
5. Place Offer – Requires pre-approval, proof of funds and earnest money deposit (place offer on first day of listing if possible)
6. Negotiate with seller
7. Escrow Begins – Wire transfer earnest money deposit
8. Physical Inspection (first, smoke detector and carbon monoxide detectors installed)
9. Disclosures and other paperwork – Read HOA documents
10. Ensure funds are available
11. Sign off contingencies (usually 17 days after beginning of escrow. Places deposit at risk. Do not remove contingencies until funds are available.)
12. Order fire insurance etc
13. Make payment
14. Closing and recording notification from escrow
15. Get key to property
16. Order utilities

IMPORTANT HOME BUYING TIPS:
Our free home buyer consultation is your first step to a successful home purchase.

Happy Buyers in New Lofts

Happy Buyers in Downtown Lofts

Place your highest and best offer on the very first day of a listing. Prices and terms are negotiable. You may ask the seller to pay some of your expenses such as closing costs. If you ask for too much, you may lose to another offer.

Most purchases entail delays and unexpected miscellaneous expenses. Some transactions fail after incurring expenses for the prospective buyer. Some borrowers are unable to obtain financing.

Delays are common. Be sure to allow plenty of extra time for moving, and extra money for unanticipated costs.

Ensure that the seller has installed a carbon monoxide detector before the inspections.

HOA move in fee, move out fee and HOA move in security deposit are often required; ask HOA for details. A move in appointment and information form is required by most HOAs.

Electricity may be turned off before or right after your purchase. Contact the HOA well in advance to make move in arrangements.

Call DWP to turn on your electricity

ladwp.com
800-dial-dwp

SoCal gas
1-800-427-2200

Cable tv is usually

http://www.timewarnercable.com/

888-tw-cable

BEAT OUT OTHER BUYERS TO HOT NEW LISTINGS [ CLICK HERE ]

Posted in Buy Loft, Lofts Downtown Los Angeles | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

NEW LOFTS DOWNTOWN LA

New Lofts Downtown LA

New Lofts Downtown LA

New Lofts Downtown LA

Where are the new Lofts in Downtown Los Angeles?  When Barker Block Warehouse 1 opened in January, there was a mad rush of 2,800 lookers for only 15 available units.  The seller had a big advantage.  The developer’s sophisticated marketing machine captured offers well above asking price, above the comps and above market value for Downtown L.A.  Some buyers did not use a Downtown specialist Realtor, and those buyers remain haunted by unanswered questions about overpaying, possible loss of parking, litigation against the developer, HOA-management and broker conflicts and health and safety issues.  All buildings, new and old, in Downtown have issues that buyers must know about before seeing the building.  All buyers deserve to know the pros and cons, and must learn ALL of the alternatives to overpriced real estate.

VIP Access to New Constructon Lofts Downtown L.A.

VIP Access to New Constructon Lofts Downtown L.A.

While the neighborhood suffered from a glut of unsold properties three years ago, Downtown L.A. today is already experiencing a dramatic shortage of affordable homes for sale.  Buyers of lofts and condos are finding that cheapest entry level lofts have doubled in price from around $150,000 in 2011 to more than $300,000 today.  New residents and investors who put faith into Downtown real estate have been proven right in a big way.  Downtown homeowners are sitting pretty, but it takes some new thinking for buyers to make the best of the situation.  There is a very bright side to owning real estate in the world’s most amazing Downtown renaissance, a bright financial future.

Successful buyers today must take advantage of the most powerful strategies to find bargains in Downtown.  Today’s successful buyers need access to REO bank-owned foreclosures, short sales, distress sales, fixer uppers and nearby condos and houses outside of Downtown.   For those who want to live in Downtown, new construction and unlisted properties have most recently provided the best solution.  Pocket listings have accounted for nearly half of successful buyers in the past 18 months.  Not every agent can help with pocket listings because they are exclusive in nature.  Those unfortunate buyers who are using an out-of-area agent have had the worst luck.

New L.A. Loft Construction

New L.A. Loft Construction

There is hope for buyers who need to see more properties for sale!  One Downtown real estate team has provided more than 200 unlisted properties for sale in the past few years, including more than 100 new construction lofts.  While the general public has seen rising prices along with fewer and fewer good properties available, thousands of smart buyers have chosen to work with the Downtown specialist team that provides priority information and privileged access to the LARGEST number of pocket listings in Downtown Los Angeles.

If a buyer wants to see as many amazing lofts and condos as possible, there is one obvious choice, using the team that provides THE MOST total properties to see at no cost to the buyer.  To get access to the largest number of unlisted loft bargains in Downtown, simply sign up for the VIP Buyer Program or the New Loft Interest List, or contact:

Corey Chambers, REALTOR®
(213) 478-0499
corey@laloft.org
http://www.LAloftBlog.com
L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
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DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO
.
The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team.  J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms.  DRE#01889449
Posted in Lofts Downtown Los Angeles | Tagged | 1 Comment

Big Loft Windows with Natural Light Makes Us Happy and Healthy

Big Loft Windows with Natural Light Makes Us Happy and Healthy

Natural light is necessary for all humans to be comfortable, healthy and happy.  Sunlight allows our skin to make Vitamin D naturally.  Real estate without sufficient windows leases for 20% less than properties with adequate windows.  More than half of Downtown loft renters and buyers cite plenty of windows and light as being near the top of the priority list.

DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO

Alta Lofts 115 Photo Downtown Los Angeles

Alta Lofts 115 Photo Downtown Los Angeles

Research suggests exposure to daylight from windows creates significant health and performance benefits. This past year, researchers at the Swiss Federal Institute of Technology found that employees working in environments with natural light recorded higher levels of energy than those in artificially-lit workplaces. The data reconfirms other studies that have shown that controlled daylight in built environments can reduce eyestrain which may lead to improved productivity.

Exposure to daylight at the right time of day also suppresses our melatonin, leading to more restful sleep in the evening. From treatment of depression to alleviating workplace stress, daylight in particular is a convenient means to positively impact human health.In many cases, daylight actually provides greater benefit than electric light.

Industrial loft windows

Industrial loft windows

Natural light has been touted for its many aesthetic and health benefits by designers and researchers alike. Scientists at the Lighting Research Center (LRC), in Troy, N.Y., for example, have reported that daylit environments increase occupant productivity and comfort, and provide the mental and visual stimulation necessary to regulate human circadian rhythms.

Utilizing natural light can lead to substantial energy savings. Electric lighting in buildings consumes more than 15 percent of all electricity generated in the United States, according to the U.S. Department of Energy and the U.S. Energy Information Administration.

Corner Units Often Provide More Light

Corner Units Often Provide More Light

Along with happier workers, substantial financial and human-performance benefits have been associated with increased daylight. In 2003’s “The Benefits of Daylight Through Windows,” LRC researchers discussed anecdotal evidence that commercial real estate with no windows leases for about 20 percent less—or $2 to $4 per square foot less—than spaces with windows.

In the 1984 Science article “View through a Window may Influence Recovery from Surgery,” Roger Ulrich, now a professor of architecture as well as a co-founding director of the Center for Health Systems and Design at Texas A&M University, reported that surgery patients in rooms that had windows facing trees recovered 8.5 percent faster and took fewer analgesics than did those patients whose view was a brick wall. Subsequent research by others has substantiated the results for patients who stayed in general hospital rooms.

In a 1999 study­ “Daylighting in Schools: An Investigation into the Relationship between Daylighting and Human Performance,” commissioned by the Pacific Gas and Electric Company, HMG found a high correlation between schools that reported improvements in student test scores—upwards of 10 percent—and those that reported increased daylight in the classroom.

Luxury Towers Often Have Floor to Ceiling Windows

Luxury Towers Often Have Floor to Ceiling Windows

The biological processes that regulate our sleep–wake cycle make up our circadian system. Primarily through the use of the neurohormone melatonin, our circadian system regulates our patterns of alertness and sleepiness. Without exposure to normal 24-hour light–dark cycles, a person’s sleep–wake cycle can stray by as much as two hours per day.

Compared to workers in offices without windows, those with windows in the workplace received 173 percent more white light exposure during work hours and slept an average of 46 minutes more per night. Workers without windows reported lower scores than their counterparts on quality of life measures related to physical problems and vitality. They also had poorer outcomes in measures of overall sleep quality, sleep efficiency, sleep disturbances and daytime dysfunction.

Get help finding bright lofts for lease and lofts for sale with plenty of windows and light.  Contact:

Corey Chambers, REALTOR®
(213) 478-0499
corey@laloft.org

L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031
The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team.  J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms.  DRE#01889449
Posted in Home Furnishing and Design, Lofts Downtown Los Angeles | Tagged , , , , , | Leave a comment

Dangers of Unhealthy, Unhygienic Wall-to-wall Carpeting

Dangers of Unhealthy, Unhygienic Wall-to-wall Carpeting

 

Dangers of Unhealthy Carpet

Dangers of Unhealthy Carpet

Did you know that carpeting is the #1 cause of indoor air pollution in suburban homes? Carpet has the largest surface area of anything in in the home.  Taking up a huge amount of space, the materials used in the carpet, padding and installation make for a huge, ominous threat to the health of the inhabitants.

Like many other household products and furnishings, new carpet can be a source of chemical emissions. Carpet emits volatile organic compounds, as do products that accompany carpet installation such as adhesives and padding. Some people report symptoms such as eye, nose and throat irritation; headaches; skin irritations; shortness of breath or cough; and fatigue, which they may associate with new carpet installation. Carpet can also act as a “sink” for chemical and biological pollutants including pesticides, dust mites, and fungi.

Carpets may trap pollutants like dust mites, pet dander, cockroach allergens , particle pollution, lead, mold spores, pesticides, dirt and dust. Toxic gases in the air can adhere to small particles that settle into carpets. These pollutants may become airborne when disturbed by renovations, vacuuming or even daily activities like walking across the carpet. In the home, children are more likely to be exposed to pollution in carpets. They spend time playing on the floor and place their hands in their mouths. If a large area is covered in carpet, it may be very difficult to remove indoor air pollutants and allergens.

Chemicals used in some new carpets, carpet pads and the adhesives used to install them can harm your health. Some of these chemicals and glues are made with volatile organic compounds (VOCs), which emit odors and pollutants. New carpet installation also has been associated with wheezing and coughing in babies in their first year of life.

Polished Concrete Floor Loft

Loft with Polished Concrete Floor

Educated urbanites know that, in order to attain a truly healthy home, wall-to-wall carpeting should be avoided. There are wonderful alternatives to wall-to-wall carpeting.  Natural fiber area rugs provide soft comfort and fashion when strategically added atop a wood, cork, linoleum, tile, or the mainstay of live-work lofts, the almighty polished concrete floor.  Downtown loft dwellers prefer clean, modern flooring that is durable, allows for unfettered movement and unlimited possibilities.

DOWNTOWN LOFT & CONDO:  FOR SALE  |  RENTALS    |  SUBSCRIBE   |  VIDEO

Corey Chambers, REALTOR®
(213) 478-0499
corey@laloft.org
http://www.LAloftBlog.com
L.A. Loft Blog, 200 N. San Fernando Rd., #119, Los Angeles, CA 90031

Corey Chambers, Realtor(R)

Corey Chambers, Realtor(R)

The #1 Downtown buyer’s agent with 19 successful buyer transactions closed in 2013, Corey Chambers is a Realtor®, and member of the Top 6 award-winning, 5-Star Yelp rated team.  J.D. Power Award 2012 – Keller Williams Realty ranked Highest in Overall Satisfaction for Home Buyers and Sellers Among National Full Service Real Estate Firms.  DRE#01889449

 

Posted in Home Furnishing and Design, Loft For Lease, Lofts Downtown Los Angeles | Tagged , , | Leave a comment

Find Out What the Loft Down the Street Sold For

Find Out What The Loft
Down The Street Sold For!

FREE List Of Recent Home Sales
And Active Listings In Downtown Los Angeles

Time to sell a Downtown Loft

Time to sell a Downtown Property

For those considering selling a loft or condo in Downtown, knowing what lofts and condos have sold for recently in the Downtown L.A. area, and how active listings are priced, is very important information when the time comes to put a home on the market.  This information will give sellers a good idea of what the home might sell for if it was put up for sale in today’s market.

This is critical information that sellers must have weeks before putting a loft, condo or house up for sale. 

Homeowners can receive a detailed listing of all recent home sales and all active listings in the Downtown Los Angeles area on the free L.A. Condo Information website:

http://www.lacondoinfo.com/gold_findout.asp

Posted in Los Angeles Real Estate, Sell Loft | Tagged , , | Leave a comment