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.
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.
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: