Prospective new Downtowners have been asking a lot of questions lately about how high the prices might get, and when they might fall. Unfortunately, history has shown us that, while prices fall a bit quite frequently, they only fall a lot very rarely. Prices almost never fall during the times that many expect them to. Fortunately, there are ways to save money during any market. Here are some of them: #distresssale #dtla
Foreclosures – Not many these days because the real estate market is too hot.
Raw Lofts – Save money by putting your own finishig touches on incomplete lofts.
Distress Sale – Sellers somestimes get into hot water, and the buyer benefits.
Bank Owned – When a seller or developer is hemorrhaging money, the bank takes over.
Company Owned – Similar to a bank owned, but a company takes over instead.
REO – A common type of foreclosure
Auction – When a seller really wants to sell fast, an auction gets it done fast.
New Homes – Shiny homes with no problems but sellers are motivated to sell ’em fast.
Vacant Homes – Sellers often reduce the price on vacant homes because they need to sell.
100-Year Lease Houses – Seller of new homes can give a lower price when land is cheap.
Off-Market Properties – Homes that are expired, on hold, or canceled listings
Pocket Listings
Unlisted Lofts
Train Station Homes
River Homes
Fixer-Uppers
Expired Listings
For Sale By Owner
Lawsuits and Litigation
Mills Act
Panic Sellers
Arts District Homes – Not the cheapest, but could be the best bargain compared to future.
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Copyright © 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.