As prices in Downtown Los Angeles settle firmly in the high range, many prospective Downtown loft buyers are instead deciding to seek out single family homes in the brisk markets of the surrounding neighborhoods that have not yet risen to their full potential.
The popular nearby neighborhoods include Glassell Park, Echo Park, Silver Lake, Highland Park, Elysian Valley, Lincoln Heights, South L.A., Westlake, Koreatown, Pico Union and Boyle Heights.
These neighborhoods are very hot markets right now, with most properties recently selling above asking price. It’s getting tougher to find a bargain without getting outbid by another buyer. One solution is to find nice properties that are not listed to the public, so that a low offer can be placed without being immediately outbid by another buyer.
This pocket listing will be hitting the MLS a week from Thursday, but the L.A. Loft Blog is giving you a chance to see it first. Here are some camera phone photos that the owner shot, so you can get a basic idea, but it will be professionally photographed and then list to the public to create a higher price for the seller. Experts agree that buyers can get an advantage and lower price when seeing and negotiating a property before it is listed on the MLS and before the general public has a chance to drive up the price with multiple offers:
3 BD/2.5 BA
2,150 sq ft./7,078 lot
Modern, built in 2007
Big views from the living room and master bedroom
Amazing roof-top deck with 360 degree views.
Tons of volume, with very high ceilings
Perched up high above the street
2 car, detached garage
Price: $875,000
CALL COREY FOR DETAILS 213-880-9910
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Knowing what homes have sold for in your area, and how active listings are priced, is very important information when the time comes to put your home on the market. This information will give you a good idea of what your home might sell for if you were to put it up for sale in today’s market.
This is critical information that you must have weeks before you put your home up for sale.
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Copyright © 2015 This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not necessarily associated with the home owner’s association, seller or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.