The holiday season is a great time to get an amazing loft or condo at a bargain price because many potential buyers are skittish or dormant at the end of the year.
With less competition, buyers have more time to place a lower offer and to negotiate a lower price. Buyers who wait for the new year will find that the market in Downtown Los Angeles explodes with many excited buyers on January 1st. Excitement is the biggest enemy of investors. Billionaire investor Warren Buffet tells us to buy when others are scared, and there’s a healthy amount of fear in the Downtown real estate market today. Get a list of Top 10 Downtown Investments at https://laloft.wufoo.com/forms/q105illo0h3i0zs/.
Other factors can create a great deal for buyers, such as loft owners lowering prices in a temporary panic because the huge new Circa and Oceanwide Plaza are under construction outside their windows. Lawsuits and HOA special assessments are bringing some of the best deals in DTLA today. Get a free list of Downtown loft and condo buildings that have special assessments. Fill out the online form:
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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.