Downtown Los Angeles Lofts For Sale: What Not to Say at an Open House #openhouse #dtla

Who Represents Whom at an Open House

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The Washington Post reported that saying too much to a real estate agent at an open house can get you into trouble.  The state of Maryland has passed a new law that requires listing agents to give a written disclosure at an open house by handing out a form entitled “Understanding Whom Agents Represent.” The form lets open house visitors know that every word they say to the listing agent may be used to benefit the seller should the buyer decide to purchase the home.

Most importantly, prospective home buyers do not want to reveal their strategies to the listing agent (the seller’s agent) who is running the open house. Most buyers use their own buyer’s agent rather than buying through the listing agent because the listing agent already  has an existing relationship with the seller and is obligated to immediately provide any information that could help the seller gain advantages.  The listing agent cannot ever place the buyer’s interested above the seller’s interests, but a buyer’s agent can place the buyer’s interests above the seller’s interested, possibly outmaneuver and outsmart the seller.

To help the buyer get the best deal, the buyer does not want to tell the listing agent how much they can spend, or even how much they love the home above all other homes they’ve seen. The buyer can help keep the price down by keeping a low profile initially while, and if placing an offer, making sure that the buyer’s agent get’s the buyer’s offer noticed and attended to.

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Copyright © 2016 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 associated with the homeowner’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.

Johnny Depp Lists Home For Sale in Downtown LA Eastern Columbia Building #Depp #Lofts

Johnny Depp Lists a Five-Penthouse Home in Los Angeles  

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The Wall Street Journal recently reported that the ‘Pirates of the Caribbean’ actor used the units atop Los Angeles’s Eastern Columbia Building as an unusual home base. Rich homeowners sometimes combine several units to make a very big home. Actor Johnny Depp took another approach after he purchased 5 neighboring penthouses in the Eastern Columbia building in the Historic Core of Downtown LA.  Depp kept them mostly separate, sometimes living in them “like rooms in a home,” according to Depp’s real estate agent Kevin Dees of Partners Trust. Now Depp is selling the luxury condos.

John Depp originally purchased the units separately over time from the developer for a total of more than $7 million. He added doorways connecting several of the units, which he used as an occasional living and entertaining space, while the other two were used as an art studio and a visitor quarters.

On the top floor of the 1930 art deco lofts with the famous landmark clock tower, the loft has a private terrace. The total size of the units is about 11,500 square feet.  Currently, one of the units is actively listed: a nice 2,000 sq ft for $3 million. See the official active real estate property listing and pick yourself up an historic and famous art deco luxury loft.

http://www.laloftblog.idxco.com/idx/11753/details.php?idxID=240&listingID=16162776

LOFT & CONDO LISTINGS DOWNTOWN LA  [MAP]

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SEARCH LOFTS FOR SALE UNDER $400,000  |  $800,000,  |   $30,000,000
Browse by Building  |  Neighborhood  |  Size  |  Bedrooms  |  Pets  |  Parking  |  More

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Copyright © 2016 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 associated with the homeowner’s association 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.