April 2018 – Page 8 – LA Loft Blog

Thank you to Frank and Jerry for helping to raise the first $2,625 of our big fundraising goal for Children’s Hospital Los Angeles.

Raising money for Children's Hospital Los Angeles — Raising money for Children’s Hospital Los Angeles

I’ve recently realized that the readers of the L.A. Loft Blog together are THE most powerful force in Downtown Los Angeles real estate — and charity.

YOUR referrals help the Kids…

We are on a mission to raise $25,000 for Children’s Hospital Los Angeles Helping Hands Fund. We do this by donating to them a portion of our income from homes we sell. Together, we have already raised thousands of dollars for a great start. As you know Children’s Hospital Los Angeles does great work in helping kids fight through and survive nasty life threatening diseases like cancer, Non-Hodgkin’s lymphoma, leukemia and others. #dtla #chla

Kids under their care are 300% more likely to enter into remission IF they can get into the recovery center. BUT, the Recovery Center survives on Sponsorships and Donations. So YOUR REFERRALS REALLY DO HELP THE KIDS…

Who do you know considering buying or selling a home you could refer to my real estate sales team?

Not only will they benefit from our award winning service, you can rest assured we are also donating to a very worthy cause.

I want to make it easy to refer your friends, neighbors, associates or family members considering making a move, so here are your options:

1. You can go to www.ReferralsHelpKids.com and enter their contact info online or forward the link to those who you know considering a move.

2. Of course you can always call me direct as well at 213-880-9910.

Thank you!

Corey Chambers

HOW CAN WE HELP YOU?

Get free information on any Downtown Los Angeles loft or condo. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/m1spfx910pdzxmx/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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.

Seller Financing

Banks and mortgage lenders provide financing for the majority of Downtown L.A. loft sales, but they are not always the right source of purchase funds. About 20% of Downtown Los Angeles loft sales are paid for in all cash from the buyer. Some are unaware that the seller can sometimes help with financing as well. This is called a Seller Carry because the seller carries all or some of the financing. The seller acts as the lender.

Seller carry backs are most appropriate when the seller does not immediately need all of the cash from the sale, and the seller can let the buyer make use of the funds. The seller might want a quick transaction, and the best prospective buyer cannot use or does not want to use a traditional bank or mortgage lender financing because the buyer does not have a regular job, but has plenty of assets or miscellaneous income. #sellercarry #loft #financing

Owner-provided financing is sometimes advertised in property listings or advertisements as seller financing or owner will carry (OWC). Once very popular around 1980 when interest rates were 20%, seller carry backs are again growing in popularity as getting traditional home loans from banks becomes more challenging due to recent regulation and restrictions. Challenging loft buildings such as SB Grand also represent a good example of where seller financing may save the transaction when loft lenders fail.

Seller Carry Financing Sales the Day — Seller carry financing helped sell a luxury condo for $150,000 more, 38 days faster.

When a homeowner wants to sell a home but has trouble getting enough qualified buyers due to tight lending practices, the seller can “carry back” the note on his own home sale. The buyer and the seller sign a promissory note in which the buyer promises to pay a specific amount of money, with a specific interest rate, at a specific time. The seller moves out, the title transfers, and the seller collects monthly payments from the buyer. Escrow can help by generating some of the required paperwork. More seller carry info at MoneyUnder30.com.

Get a free list of FHA/VA low down payment lofts and condos in Downtown Los Angeles. Fill out the online form:

<a href="https://laloft.wufoo.com/forms/zc5rxg117axh2s/" target="_blank" rel="noopener noreferrer">Fill out my Wufoo form!</a>

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

Month: April 2018

LA Loft Blog Readers Help the Kids – Funds Raised for Children’s Hospital Los Angeles

Downtown Los Angeles Lofts For Sale with Low Down Payment and Seller Carry Financing

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